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Foreign News July 22, 1893

The New North West

Deer Lodge, Powell County, Montana

What is this article about?

Letters from Sir Moreton Frewen and Lord Lansdowne, published in the Rocky Mountain News, reveal that India suspended free silver coinage due to expectations that the US Congress would repeal the Sherman purchasing act, prompting India to close its mints preemptively.

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OCR Quality

100% Excellent

Full Text

The Rocky Mountain News publishes letters from Sir Moreton Frewen, of London, one of the reporters of the News, and another from Lord Lansdowne, viceroy of India, in which it appears, according to Lord Lansdowne's statements, that India suspended the free coinage of silver at the time it did because the tone of the American Eastern press left no doubt upon his mind that the United States Congress would as soon as it assembled repeal the Sherman law purchasing act, and India found it necessary to be beforehand with closing its mints.

What sub-type of article is it?

Economic

What keywords are associated?

India Silver Coinage Sherman Law Repeal Lord Lansdowne Us Congress Free Coinage Suspension

What entities or persons were involved?

Sir Moreton Frewen Lord Lansdowne

Where did it happen?

India

Foreign News Details

Primary Location

India

Key Persons

Sir Moreton Frewen Lord Lansdowne

Outcome

india suspended free coinage of silver and closed its mints.

Event Details

India suspended the free coinage of silver because the tone of the American Eastern press indicated that the United States Congress would repeal the Sherman law purchasing act upon assembling, necessitating India to close its mints beforehand, as stated by Lord Lansdowne in letters published by the Rocky Mountain News.

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