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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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Where did it happen?
Foreign News Details
Primary Location
India
Key Persons
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.