and
Ceylon. It must heavily affect both. If Ceylon establishes a
mint, tea-planters there will have advantages over their rivals
in India.

Coffee planters of India and Ceylon will he prejudicially
affected in their competition with silver-using countries. Evil
effects of the measure on the trade, manufactures, and railways
of India.

The measure rotten from financial, political, and economical
points of view.

The Viceroy and the supporters of the measure have admitted that
it must be injurious to the producers of India. Sir William
Hunter's admirable survey of the former and present financial
condition of India.

The Viceroy has publicly declared that cheap silver has acted as
"a stimulus" to the progress of India.

The unfair action of Lord Herschell's Committee. Not a single
representative of the producing classes examined. But the
majority of witnesses were dead against the monetary policy of
the Government. The Currency Committee reported against the
weight of the evidence. The most important points not inquired
into at all by the Committee.

The Indian Government and Currency Committee financially
panic-stricken, and in dread of effects of repeal of Sherman Act.
The financial condition not such as to warrant panic. Taxational
resources not exhausted.

Sir William Hunter's statement proves that the financial
conditions were full of hope. The dread that the repeal of the
Sherman Act might reduce rupee to 1s. Examination of the
subject on that supposition.

By a rate of 1s. a rupee the Government would lose about seven
millions on its home remittances, and the people of India gain
fourteen millions on their exports. Mr. Gladstone's Government
adopted Home Rule Bill, and Currency Measure in one year. Both
forced on by tyrannical action. Gladstonian action as to Opium
Commission equally tyrannical.

The monetary measure a policy of protection for the benefit of
the silver-using countries that compete with India.

Some of the evils the measure, if successful, must cause. The
Indian Finance Minister declared that "it ought not to be
attempted unless under the pressure of necessity." No necessity
arisen. An independent body wanted to efficiently check the
Government. The Duke of Wellington's opinion.

India and Mexico compared. Mr. Carden's Consular Report.

Cheap silver advan