← Table of contents
The Problem of the Rupee, Its Origin and Its Solution

Note 116 — Chapter II

Reading edition

Cf. the speech of Mr. Wilson, the originator of paper currency in India, dated March 3, 1860, where he says: “In short, to abstract so much coin from the mere mechanical purpose of the circulation, supplying its place with convertible paper, would be exactly the game in effect as if suddenly, in the control of the Maidan, a rich silver mine had been discovered which produced silver at little or no cost.” Supreme Legislative Council Proceedings, Vol. VI, p. 250.

Explore with AITake your curiosity a little further.

Reading settings