: respect of a people cognizant of the integrity of English money;
And on the other side an & inscription in Chinese, stating its weight and value.
With these qualifications it would not be liable to the objections now urged against Mexican dollars, and would soon contest with the probably Carolus dollar the advantage of being a well-understood coin.
We have admitted that the introduction of the new coin here may be slow - But Your Excellency may remember that the existing regulations at Canton admit into the currency of that place all coins of the weight and fineness of the Mexican dollar.
It will be obvious then, that an important channel for the issues of a mint is already open - a new coin would be as suitable and useful there as here, for the present currency at that port is by no means stable - From Canton it would rapidly flow whenever the Mexican dollar has opened the way, and in a comparatively short time we might reasonably...