Page:Indian Journal of Economics Volume 2.djvu/191

 MUGHAL CURRENCY 179 ink this country authority in In.dian export of silver was Perhaps case of which the traveller India those existed in from abroad. writings for visited with was tacitly conditions counted for the Nor do I find any the statement that capital punishment. assuming in the and circn'mstances his own country. natural inflow of Perhaps he ac- bnllion into India by the political princ. iples in Europe their lands. by which the governments sought artificially to attract specie into In any case, it is a relief to turn from the primitive economics of hoarding lism to any traces of true currency and mereanti- policy in the indigenous writings of the time. "Gold, my son, is fi to be enjoyed. For hoarding, gold is no than stone." This was an old expressed the common sense of Indian saying the ordinary [or lIussalman economist. economic better which people, who bear in mind that in gold and silver, in spite of them into so high as I Muntakh.ab-ut.I'awarkh of Abdul Khalir Badauni, iiety o! Bengal's publication).  Diarie$ of $troynsham Master I. 137. spite of the abnndance of the facilities for converting current coins, the rate of interest remained 15 or 20 per cent2 Vol. II. p. 75 (Asi&lio 0rnsmen and to the general lack of security habitually assumed by the people. This will be clear to those Badauni  who quotes it was rather a pious than a man of the world, much less an If hoarding there was, it was due less to ignorance than to the prevalent desire for