Gold, Sport, and Coffee Planting in Mysore | Page 8

proprietor and manager.
Powers of attorney should be carefully drawn up. The proprietor
entirely in the power of the manager.
The value of the eye of the owner. Every estate should have an
information book.
Points to be entered in the information book.
Hints to managers.

CHAPTER XVIII.
--THE PLANTER'S BUNGALOW AND THE AMENITIES OF AN
ESTATE.
The best form of bungalow.
The kitchen arrangements.
The aspect of the bungalow and ground around it.
Cash value of the amenities of an estate. The flower garden.
Building materials.
How to keep out white ants.
Coolie lines.
Tree planting for timber and fuel.

Precautions for the conservation of health.
Hints as regards food, and the table generally.
Suggestions as to books and newspapers.
Importance of having some interesting pursuit.
The minor amenities of an estate.
The conditions of a planter's life now ameliorated by railways.
Mysore out of the reach of House of Commons faddists. Advantages of
this.

CHAPTER XIX.
--THE INDIAN SILVER QUESTION.
On June 26th, 1893, gold standard introduced and mints closed to free
coinage of silver.
Movement originated in India by the servants of Government, and from
no other class whatever.
Some merchants afterwards joined in the agitation. Gold to be received
at the mints at a ratio of 1s. 4d. per rupee. Sovereigns in payment of
sums due to Government to be received at the rate of fifteen rupees a
sovereign.
Cash effects of the measure. For benefit of English reader figures given
in pounds sterling, a rupee taken at 2s. Rupee prices little changed in
India, China and Ceylon. Difficulty of forming exact estimates as to
this.
If gold value of silver can be forced up from 1s. 3d. to 1s. 4d., Indian
Government will gain about one and a half million sterling on its home
remittances, and the people lose about seven millions on their exports.
The Indian Finance Minister contemplates a rise to 1s. 6d. eventually.
A rise to 1s. 6d. would give the Exchequer a gain on home remittances
of £4,500,000 and entail on the people a loss £21,000,000, equal to a
tax of 21 per cent. on the exports of India. Effects of this on the
producers.
The producers of coffee in Mysore alone would lose £56,000 a year
were exchange forced up to 1s. 4d., and £156,000 a year were it raised
to 1s. 6d. All producers in other parts of India of articles of export
would be similarly affected.
If the rupee is artificially forced up by the State, the shock to

confidence will repel capital and injure credit. The first effect will show
itself in a lessened demand for labour.
The effects of increased employment on the finances. The bearing of
the measure on famines and scarcity. It will intensify the effects of both,
and make them more costly to the State.
The measure has arrayed all classes against the Government, except its
own servants and a very few of the merchants.
The effects of the measure on the tea-planters of India 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