73
12
A
finding from constant analysis by melting) that the various
importations of Spanish Tollars were of the same intrinsic value, soon recognized their vast superiority to the Hid medium of exchange,
from Freigners
ye, receiver.
on the guarantee
the mint indenture, and instead
them
F
of
melting them as at first,
as at first, passed them to their native constituents.
to
whom they quaranteed the value by
cach coin the Dongname stamping upon cael coin
n
"Chop".
To these chops attached originally all the responsibility of an intrument upon a Bill of Exchange, and by their means the Spanish Dollars coon became the sole mcdium of ischange in the Foreign Trade - from long use in which capacity their circulation gradually extended to the districts
200
whose productions were exported, and the
came to be employed in the internal trade, supplanting in a great
finally
measure the old native medium
commpored of ingots of gold and silver, which no longer exchanged directly ofor
but we're
goods, "chopped Follars
China
first
converted into
It is to be observed that the
by any-
the
introduction of chopped dollars into was not occasioned Government inactment, but by popular choice; which is a further proof of their peculiar fituen for the service in which they are employed, because though Government might to a certain estint have compelled the cumployment of what
it pleased, it cannot be suppored that
murney
au aente Commercial
people like the Chinese should have voluntarily adopted a currency of a
LY.
DEX
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