Page:Gems of Chinese literature (1922).djvu/81

 

 

At this epoch, the coinage in use was so heavy and cumbersome that a new law was made, under which the people themselves cast money, the gold unit being equal to sixteen ounces. But the laws were too lax, and it was impossible to prevent grasping persons from coining largely, buying largely, and then holding against a rise in the market. The consequence was that prices went up enormously. Rice sold at 10,000 cash per picul: a horse cost 100 ounces of silver. But by-and-by, when the empire was settling down to tranquility, His Majesty, Kao Tsu, gave orders that no trader should wear silk nor ride in a carriage; besides which, the imposts levied upon this class were greatly increased, in order to keep them down. Some years later, these restrictions were 