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 silver-using countries that compete with India. Some of the evils the measure, if successful, must cause. The Indian Finance Minister declared that "it ought not to be attempted unless under the pressure of necessity." No necessity arisen. An independent body wanted to efficiently check the Government. The Duke of Wellington's opinion. India and Mexico compared. Mr. Carden's Consular Report. Cheap silver advantageous to Mexico. The losses to the Government and railways which arise from gold payments are, comparatively speaking, a fixed quantity, while the gain to the people from cheap silver, produces consequential benefits far beyond reach of calculation. These remarks equally applicable to India. Wanted, a Government that can see this. CHAPTER I. INTRODUCTORY.--PROGRESS IN MYSORE.