Opium not as interesting as money for the parliament, even as…

pound-749763

Reading various Blue Books and the like, parliamentary reports. This one on the East India Company struck me as typical, though the clipped coins distraction is of course curious enough to make the distraction distracting. I recall that Jacques Derrida writes on clipped coins in his essay Given Time, and George Caffentzis has a fascinating book on Locke: Clipped Coins, Abused Words, Civil Government: John Locke’s Philosophy of Money, both of which repay reading in the light of this old evidence from 1832. A certain smuggler-trader called Davidson is giving evidence to the parliamentary committee.

The casual racism, that the committee was more interested in dollars and silver than the opium trade – which as Marx of course recalls, was a vicious and vengeful trade – and as carried on by what is called the Country Ships, or Country Trade, which means those private traders not in the employ of the East IndiaCompany but often doing the work of its servants or agents, its officers, who made their cut on such up-country ventures, from Clive on.

90% of the cargo cotton and opium.

The dollar is clipped

It does not thereby lose in value (since weight in silver still applies)

Holes in the coins – sometimes for stringing, but often they are punched and clipped (the idea is that you clip a bit of each of a dozen coins and melt the bits up into a new coin, or you punch out the middle, as circle or square, and use it as a smaller denomination coin). Eventually this clipping, and punching, practice defeats the denominations, and weight reasserts its interest.

Which all for me is interesting and if you think its ancient stuff, just look in your pocket and see – the British two pound is a punched coin, with gold rim, silver (alloy) middle, the Australian 50 cent piece is clipped on all sides, as is the Brit 20p and the Indian 5 paise, Danish 1, 2 and 5 krone have holes, the Thai Bhat reminiscent of the counter punched ones (and for a time was very useful in cigarette machines in England, a healthy killing made by arriving with pockets full of Bhat when travelling to pommie). Also various denominations of the yen, oh and I see the new British pound is a tribute to the clipped coin too – OK, look again at the pound pictured above, I call it, the contemporary British pound coin is in effect a silent tribute to the age-old bastard opium trade, in the memory of Walter Stevenson Davidson Esquire, giving evidence below:

 

Do you happen to know whether Advantage has been taken of the Removal of that Restriction from the Import of British Manufactures into China from India?

I have heard it stated to be so; I have understood that it has been done profitably.

What particular Species of Manufactures?

I really cannot enumerate them.

They have not been to any great Extent?

No, I think not; principally by the Officers of Ships. I should think not to an Extent sufficient much to attract the Attention of the great Houses in India.

What were the chief Articles consigned to you for Sale in China by your Constituents?

The chief Articles were Cotton and Opium; they formed, I think, upwards of Nine Tenths of my Consignments.

What were your Returns?

Besides the Supercargoes Bills on the Indian Government, when they drew, I remitted very largely in Sycee Silver, the Production of China, in Tutenag, and many other Articles.

Any in Dollars?

Sometimes in Dollars. We were occasionally compelled to remit in Dollars, owing to the Difficulty of smuggling the Sycee Silver; but never resorted to that Mode, I think, when we could obtain the Sycee Silver.

The Dollar in China is very much beaten and broken, is it not?

Constantly cut and clipped in all Directions; it almost ceases to be a Dollar when it has circulated in China; there it is weighed as Silver; all Payments are made by Weight.

Is the Dollar, in consequence of this beating and breaking, diminished in intrinsic Value in China?

The Moment the Dollar is clipped it cannot be said to diminish in Value, because it will be taken afterwards just for its Weight in Silver, although it be punched and clipped through and through.

 

(citation: ‘Affairs of the East India Company: Minutes of evidence, 25 June 1830’, in Journal of the House of Lords: Volume 62, 1830 (London, [n.d.]), pp. 1156-1164. British History Online http://www.british-history.ac.uk/lords-jrnl/vol62/pp1156-1164 [accessed 28 March 2018].)

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Do you remember when Australia did this for CHOGM? So its not just a ‘commonwealth’ thing.

Urban beauty. I dunno if I am more disgusted by this event with Ivanka or the WP’ article’s failure to do proper comparative memory work – since I do remember various round-ups for dignitary visits in Australia. Malcolm Fraser, bizzaro now a lefty icon, had Alice Springs cleaned up for a visit of Commonwealth Heads. And then the area around Sydney was to be cleaned up before the Olympics as I remember. Tom Forgan, head evangelist for the Advanced technology Park, said: ‘well, you don’t want all your poor people standing around in the middle of the city do you’. Oh, and who was being cleaned up? Not poor white folks, of course. Bleaaagrrrrr:

Ivanka Trump’s impending visit to India prompts roundup of beggars

 November 10 2017
(Hyderabad police via Twitter)

NEW DELHI — As Ivanka Trump’s visit to India nears, the south Indian city of Hyderabad is getting ready to dazzle its foreign guests — by locking its homeless and destitute people out of sight in prison rehabilitation centers.

Nearly 400 beggars were picked up from city streets and trucked away to one such center at the Chanchalguda jail, the Indian Express reported.

As the city scrubs up to impress its foreign guests, police plan to clear away 6,000 beggars and have banned begging entirely in the city until the first week of January.

The beggars are “employing children and handicapped persons to seek alms at the main junctions of roads,” said the ban order. “Such acts are causing annoyance and awkwardness.”

View image on TwitterView image on TwitterView image on TwitterView image on Twitter

Habeebnagar PS staff conducted Beggar- free city at Dargha Yousufian Nampally

“Some beggars argued that we were taking their freedom to live anywhere they want but we told them it was for their own good because they are going to the rehab centre where they will be taken care of,” an unnamed official told the Express.

The beggar clearance comes weeks ahead of the three-day Global Entrepreneurship Summit that starts Nov. 28, where the first daughter will lead the American delegation to co-host the summit.


Ivanka Trump delivers a speech at the World Assembly for Women in Tokyo on Nov. 3.  (Eugene Hoshiko/AFP/Getty Images)

Authorities told ABC News that they want Trump and foreign delegates to see India’s good side and not the “Slumdog Millionaire” stereotype commonly associated with the country.

The event’s theme is “Women First” and its tagline, “Prosperity for All.”

In the past few decades, Hyderabad has rapidly rebranded itself as India’s Silicon Valley, as an outsourcing hub for global firms and the Indian headquarters of international tech companies, including Apple, Google and Microsoft. But despite rapid growth, wealth is unevenly distributed and a huge homeless population lives off the scraps of the city’s techie middle class.

In recent years, the city’s fortunes have begun to turn for the worse. Automation threatens jobs and new visa restrictions in multiple countries, including changes to H-1B in the United States, have dampened the hopes and ambitions of many young technology students.

To bring back some of its sparkle, India’s government is keen to portray the country as a pioneering technology hub and attract foreign investment.

George Rakesh Babu, founder of the homeless charity Good Samaritans in Hyderabad, said, “The preparations are happening in every corner of our city. But the prison capacity in Hyderabad is not enough to look after all these people.” He pointed out that the central jail’s maximum capacity was only 1,000.

Vanishing acts like this are not unprecedented when foreign dignitaries come to India. They happened in Hyderabad in 2000 when President Bill Clinton visited the city.

To judge from some of the reaction on the police department’s Twitter account, the move was welcomed by many.

https://twitter.com/shohabeebnagar/status/928187980480520198″>

Habeebnagar PS staff conducted Beggar- free city at Dargha Yousufian Nampally pic.twitter.com/AuAqQ0j0P1

We want to see begger free Hyderabad for ever. Hyd witnessed such things in the past when Presidents of America visited. Nevertheless we appreciate your efforts and best of luck.👍🏼

Others lamented that the roundup was temporary.

” . . . After the international conference has completed, situation remains same,” tweeted one man.

“Super job,” tweeted another. “But see that they r not allowed again on road.”

https://twitter.com/shohabeebnagar/status/928187980480520198″>

Habeebnagar PS staff conducted Beggar- free city at Dargha Yousufian Nampally pic.twitter.com/AuAqQ0j0P1

We hope it should be implemented successfully but after the international conference has completed situation remains same…

privatisation means nothing is private anymore #Capital #subsumption

ubiquitous market – where privatisation means nothing is private anymore
#Capital #subsumption

adam_smith

[pic] Adam Smith on the 20 quid note, and the strapline reads ‘The division of Labour in pin manufacturing: (and the great increase in the quantity of work that results)’ [!!]

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