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lutely introduced among themselves the Spanish ten and five centimo pieces, corresponding to our 1_d._ and 1/2_d._, which are now in free local use, but are not accepted up-country. What passes as Moorish money to-day has been coined in France for many years, more recently also in Germany; the former is especially neat, but the latter lacks style. The denominations coincide with those of Spain, whose fluctuations in value they closely follow at a respectful distance. This autumn the "Hasani" coin--that of Mulai el Hasan, the late Sultan--has fallen to fifty per cent. discount on Spanish. With the usual perversity also, the common standard "peseta," in which small bargains are struck on the coast, was omitted, the nearest coin, the quarter-dollar, being nominally worth ptas. 1.25. It was only after a decade, too, that the Government put in circulation the dollars struck in France, which had hitherto been laid up in the treasury as a reserve. And side by side with the German issue came abundant counterfeit coins, against which Government warnings were published, to the serious disadvantage of the legal issue. Even the Spanish copper has its rival, and a Frenchman was once detected trying to bring in a nominal four hundred dollars' worth of an imitation, which he promptly threw overboard when the port guards raised objections to its quality. The increasing need of silver currency inland, owing to its free use in the manufacture of trinkets, necessitates a constant importation, and till recently all sorts of coins, discarded elsewhere, were in circulation. This was the case especially with French, Swiss, Belgian, Italian, Greek, Roumanian, and other pieces of the value of twenty centimos, known here by the Turkish name "gursh," which were accepted freely in Central Morocco, but not in the north. Twenty years ago Spanish Carolus, Isabella and Philippine shillings and kindred coins were in use all over the country, and when they were withdrawn from circulation in Spain they were freely shipped here, till the country was flooded with them. When the merchants and customs at last refused them, their astute importers took them back at a discount, putting them into circulation later at what they could, only to repeat the transaction. In Morocco everything a man can be induced to take is legal tender, and for bribes and religious offerings all things pass, this practice being an easier matter than at first sight appears; so in
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