•
Sico
466
(2)
the great necessity for a change in this direction, I am
desired to point out that the probable effect upon the
silver industry of Mexico (consequent upon the rapid fall
of silver as compared with Gold) may be an intermittent
and decreasing supply of Mexican dollars, That there is
a pronounced tendency in this direction is evidenced by
the fact that during the past six months the supply of
Mexican dollars has not kept pace with the demand for the
East as proved by the accompanying table which shews a
constant and sometimes excessive premium procurable for
the coin as compared with raw silver, whereas in former
years the difference between the melting price of Mexican
dollars and the price of silver rarely exceeded one eighth
of a penny per ounce,
It is understood that the Indian Mints will be
prepared to coin a British dollar at a charge of about
one per cent and this moderate cost, it is thought, will
ensure a steady demand for the new coinage,
(in
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