I apprehend that the chief duty of the Colonial Government towards the Mint is to secure the services of an efficient Staff, fully competent to the rigid maintenance of the fineness Standard; and Weight of the several coins to be issued, and to supply effective machinery to turn out perfect coins with capacity to despatch to the extent of all probable demands on it - the financial success being a question apart, dependent on conditions on which the Government can have no control.
I am not competent to speak of the efficiency of the present Staff, but the English coining presses, with which the Mint was opened, were a total failure, both as to the character of the dollar stamped and rapidity of coinage. To that circumstance I attribute much of the despondency felt and expressed as to the success of the Mint, that is now, so generally felt and expressed by many of the island residents, including, I regret to say, many of the officials; for after the issue of the Governor Notification of the Mint being ready to coin dollars (free of seigniorage on Mexican dollars for one month) several millions of these coins were at once sent in, and had the machinery been equal to the call on it, a large number of the new dollars would quickly have been thrown into circulation, and backed by a proclamation of these being legal tender within the Colony and its dependencies, would have laid the foundation,
on) I
apprehend that the chief duty of de Colonial Government towards the Mint is to secure the services of om efficient Staff, fully competent to the rigio maintenance of the fiord Standard; and Weight of the several coins to be issued, and to supply effective machinery to turn out perfect coins with
cans nich despatih
to the nctont of all probable demands
on
it - the financial succes being a question apart, dependent on conditions on which
the Goommment
I
can
have no conhal
of the efficiency of the present Staff
but the
am not competent to speak, English coining preses, rich which the
Mint was
opened
a total failure,
fi
both as to the character of the dollar stamped
276
and rapidity of comage. To that circumstanes I attribute much of the despondency
ай
to the success of the Mint, that is now, so gronnalefly as I thrust felt and exprefed; of the island residents, including
by many of the I regret to say many of the officials; for after the issue of the Governor Notification of the Mint bring ready to coin dollar (free of signerage
on Mexican dollar
for one month) several millions of chees coins were at once sent in, and had the machinery been equal to the call on it,
large mimber of the
a
new dollars would
quickly have been thrown into circulation, and backed by a proclamation of these being
A
• legal linder within the Colony and its dependencies, would have laid the foundation,
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