The Travels Of Marco Polo - Volume 2 Of 2 By Marco Polo And Rustichello Of Pisa











































 -  Ten to
1 must have continued to be the relation in China down to about the end of
the 17th - Page 196
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Ten To 1 Must Have Continued To Be The Relation In China Down To About The End Of The 17th Century If We May Believe Lecomte; But When Milburne States The Same Value In The Beginning Of The 19th He Must Have Fallen Into Some Great Error.

In 1781 Sonnerat tells us that formerly gold had been exported from China with a profit of 25 per cent., but at that time a profit of 18 to 20 per cent, was made by importing it.

At present[4] the relative values are about the same as in Europe, viz. 1 to 15-1/2 or 1 to 16; but in Canton, in 1844, they were 1 to 17; and Timkowski states that at Peking in 1821 the finest gold was valued at 18 to 1. And as regards the precise territory of which this chapter speaks I find in Lieutenant Bower's Commercial Report on Sladen's Mission that the price of pure gold at Momein in 1868 was 13 times its weight in silver (p. 122); whilst M. Garnier mentions that the exchange at Ta-li in 1869 was 12 to 1 (I. 522).

Does not Shakspeare indicate at least a memory of 10 to 1 as the traditional relation of gold to silver when he makes the Prince of Morocco, balancing over Portia's caskets, argue:

"Or shall I think in silver she's immured, Being ten times undervalued to tried gold? O sinful thought."

In Japan, at the time trade was opened, we know from Sir R. Alcock's work the extraordinary fact that the proportionate value set upon gold and silver currency by authority was as 3 to 1.

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