CO129-125 - Sir MacDonnell - 1867 [10-11] — Page 121

net-justified by the frets. The Chinese at

the

-opening of heade in new distids naturally distrusted strange

coins

by forigins and were ready to

offered

give

mmote

for those previously thrown to them. The knowledge however which experience confered.

an end to all fanciful gradually fuct

distinctions between coms,

that which

their

anose

supposed

leaving only

from the difference of

intrinsic worth

-ar

ilo

general recognition for trading purposes. It would alse seem that the projectors of the Mint overlooked the fact that the

ancient

usages of the Chinese Empire necesarily prevent in the long

one dollar more than

-a

by

reason

mare

Silver..

of it's epeater value

CO

· containing

سند

56. This will be clearer if it be remembered that the real medium of Exchange bhina consists simply of Silver and + whether in shapeless lumps or elegant coin is a matter of indifference in the

Chief

H

Marto

of

Trade- This principle

is canied so far that the como received

in payment of Chinese bustoms dues, and taken simply for

which are taken

warth

simply for their intrinsic

compared with the standard

of pure Hak wan silver

melted down ind

are ao

indiscriminately by

a

rule

the

Chinese into the form of show and

preference for

burs. It

another or fir

any

coin whatever except

may

be urged that a

system

which strictly speaking should entail