A letter to the editor of the Philadelphia Evening Bulletin, dated February 4, 1886 and signed Henry Carey Baird. It responds to an address on Indian wheat competition by arguing that the depreciation of silver and the rupee in sterling exchange acts as an export bounty on wheat and as a protective tariff for Indian cotton manufacturing. It cites figures on Indian cotton mills, spindles, looms and exports of cotton goods to China, and argues against suspending the 1878 silver dollar coinage law.