Synopsis
About The Book : Excerpt from The Indian Silver Currency, An Historical and Economic Study In the discussion about standards, to no country is more attention drawn than to India; and rightly, since the fate of silver is to be decided, above all, in India. But, on this point, there exists in the Indian question considerable confusion, as in so many parts of the currency question. Many try to veil their lack of clearness under dogmatism; and talk about axioms and elementary propositions of economics, which need no proof. About The Author : In the discussion about standards, to no country is more attention drawn than to India; and rightly, since the fate of silver is to be decided, above all, in India. But, on this point, there exists in the Indian question considerable confusion, — as in so many parts of the currency question. The author have tried to base his conclusions principally upon the official documents which have been published at the initiative of both the English and Indian authorities.The author determine to investigate in this work the events only up to that point of time—to June 26, 1893—when the Indian Government closed its mints to the free coinage of silver. Should this investigation contribute somewhat to a clearer understanding of Indian affairs, He shall have accomplished his purpose. About The Translator : James Laurence Laughlin (April 2, 1850–November 28, 1933) was an American economist and Professor at Cornell University, Harvard University, and the University of Chicago, who helped to found the Federal Reserve System and was "one of the most ardent defenders of the gold standard." Laughlin was born in Deerfield, Ohio on April 2, 1850.He received a Ph.D. from Harvard University in history. His thesis regarded "Anglo-Saxon Legal Procedure" and was supervised by Henry Adams. The other members of his program were Henry Cabot Lodge and Ernest Young. Professor Laughlin's indubitable success as a teacher puzzled many who did not pass through his clas
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