376
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.
5
376
the Government should coin all the Bullion that comes into the Treasury,
into dollars,
half dollars, and subsidiary Coino, even at a trifling loss.
as it will be prefuable
to allowing
and
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.
that
It has been elsewhere suggested buoney changers on behalf of the Government should be placed in each of the markets, receiving shopped and
other dollars at such a discount as
would pay
the cost of Minting but giving full change for the songtong Coinage, all Mexican dollars thus
received to be forwarded by the Treasury to the brint 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 porto
and
by
degrees give confidence to the people in the
interior to receive it dleo.
The Mandarins were induced
in the introduction of the Prexican
to assist in th
dollar and probably might
influence in rendering
acceptable, and eventer
Lase
their
the dollars.
eventually preferred by
the people in their various districts some. trifling perauitage might probably be a
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