14 JUNE 1879, Page 1

Mr. Goschen in the debate confined himself to silver, making

a speech of really astonishing knowledge and intelli- gence, which it is quite impossible to condense. We have not read for years such a contribution to Indian finance, and trust the dullness of the subject will not prevent its obtaining a wide circulation. His conclusion is that the silver trouble is righting itself, and that if we leave the

currency alone, it will cease to be a cause of embarrassment. Mr. E. Stanhope, who does his Indian work very well, but has the official proclivity to sanguineness of statement in a marked form, denied that the deficit should be taken at 24,000,000, and stated that the object of Government was to obtain in India a steady surplus of 22,000,000 a year. We can only wish he may get it, and that when he gets it, the materialists of Indian politics may not job it away in public works. Note that no one ever mentioned, even by an allusion, the great question whether alternative taxes might not be found in India which could be more easily paid than some of the taxes now existing.