to Shanghai? the justice of this ill be useful to examine the question of the fate of the silver dollars flowing out of Shanghai. A banker of wide experience recently advanced the opinion that the recent large outflow of silver dollars, consigned to Hankow, for distributes in the rural districts along the Ki han Railway (principally amongst the cotton farmers) are bound to find their way back to Shanghai reasonably short period, This view was backed by the notorious poverty of the Chinese farming populace who could not afford to hold the silver dollar, being forced bby dire necessity to expend it within a reasonably short period. On the face of it this argument appears to be very plausible, but upon analysis is does prove fallacious. Let us examine the project (the importance of which should not be underestimated) from all angles; first the local, and thereafter the general aspect.
(1) For the time being the principal currency in vogue at Hankow consists of banknotes issued by Shanghai banks and redeemable here.'
From the mint at Hangchow (in From the mint at Nanking Prom the river ports, incl. Soochow Total arrivals There against the follo 192
Text read from the printed page and cleaned; old type leaves the occasional error.