The fact is, that since a good, sound, honest, efficient, automatic, nonmetallic currency and standard was tampered with in 1893, India has been a happy hunting-ground for any empiric who conjured with a new scheme of currency, no matter how fantastic.
1913 January, Moreton Frewen, “The Great Drain of Gold to India”, in The Nineteenth Century and After: A Monthly Review Founded by James Knowles, volume LXXIII, number CCCCXXXI, New York, N.Y.: Leonard Scott Publication Co.; London: Spottiswoode & Co. Ltd., printers, page 59