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the Government should coin all the Bullion that comes into the Treasury, into dollars, half dollars, and subsidiary Coin, even at a trifling loss, as it will be preferable to allowing the Mint to remain idle: by gradually increasing the quantity in Circulation enable the new Coinage to be made the only legal tender at an earlier date.
It has been elsewhere suggested that money changers on behalf of the Government should be placed in each of the markets, receiving shop dollars and other dollars at such a discount as would pay the cost of Minting but giving full change for the new Coinage, all Mexican dollars thus received to be forwarded by the Treasury to the Mint for recoinage.
There is, I think, sufficient in this suggestion to entitle it to some consideration; steps might probably be taken to induce the Imperial Government to accept the New Coinage in payment of Customs and other dues at the Chinese ports, and by degrees give confidence to the people in the interior to receive it.
The Mandarins were induced in the introduction of the Mexican dollar and probably might exert their influence in rendering the new dollars acceptable, and eventually preferred by the people in their various districts; some trifling percentage might probably be allowed.