143
United States notes have appreciated nearly to par
other Countries will be found advantageous
>
not only to the Chinese but to foreign resident
at the different port
with gold,
holders
of silver bullion have been
The American
Trade dollar has been well received in that
Empire, and
if this trade
coinage should incidentally afford protection
to our mining interest which have already
been injuriously affected by the fall in the
value
f
silver it could hardly be regarded otherwise then as sound national policy."
In his Report for 1876-77,
J Linderman
shews that this view of the Trade-dollar
adopted by the United States Government.
His statement is as follows : __
was
4
The Trade- dollar how of
late entered to
some extent into domestic circulation, and this
the reason that, from time to time since
United
for
*-
able to have the same manufactured into these
coins, and exchange them at par for United States Notes with a small profit. This fact on
becoming known was regarded
regarded as indicating
that the trade dollar coinage.
for the
time being (October 1876) in excess of the export demand and led to the issuing of. an Order by: the Secretary of the Treasury to temporarily
intermit the receipt of depozit at the Mink for
theee coins. There are weighty
weighty reasons why the
Trude-dollar should not be coined.
coined for
domestic)
circulation, but it is hardly worth while to stak
them, since the law provides very clearly that
The fact, as stuted ; would appear hardly to have warranted this assumption, as the operation was presumably undertaken not in consequence of any decrease) in the export demand, but because profit
on it.
да
the
They