The Sun.
London, England, 1869-06-25 00:00:00

jp.20...

and of Britain and Germany, while adjusting it
more closely to the French system. One hundred
francs contain a little over twenty-nine grammes
of gold, while twenty of the United Stases pro-
posed dollars would contain 30 grammes, and
one thousand British pence - 301 grammes, and
these might, Mr. Kelley thinks, ea,ily be made equi-
valent to four British pounds. By slightly chang-
ing the weight, a hundred francs would equal a
thousand pence and two thousand cents, and each
of these would equal thirty French grammes, now
the equivalent of three German crowns, which would
make the dollar, the five-franc piece, four shillings,
and three-twentieths of a German crown alike in
value. how far Mr. Kelley's bill militates against
the system laid down at the Conference we cannot
tell, but one of its clauses provides that silver shall
be a legal tender for sums under ten dollars, and 25
grammes of silver shall make a dollar. We imagine
the Conference in rejecting the double standard
had no idea of throwing out silver as a legal ten-
der for small sums. Mr. Kelley's gold coins would
be pieces of $2O, $lO, $5, $3, and $l. As re-
gards the English pound its exact measure is
113 001 grains fine gold, while the 23 franc pjeCO
would be 112.003 or -993 of a grain less or in value
2•126, equal to -88, or nearly nine-tenths per cent.
Mr. Feer Herzog, the Swiss representative, thought
so small a difference only the limit of tolerance, but
from this the British representatives dissented, 85
they considered that their Government would in
honour, and to avoid having sovereigns not exactly
alike in circulation, have to recoin, and perhaps ulti-
mately to abandon, the sovereign. It is, howeYer,
the case that the British Mint alone charges nothing
for coining ; hence if one per cent. be deducted for
seignorage, the value would be equalized, while the
contracts in existence with countries which did not
join the Convention could be settled, not in coin,
but in gold bars. An objection was raised to tlic
five-franc gold piece ; for if coins were struck of
that value, and of 10, 20, and 25 francs,
mistakeswould be constantly occurring, owing to the slight
difference in size. Already mistakes are made even
in the present more marked gold pieces of France,
which would repeatedlyoccur in verysmall pieces, lac--
sides their being more liable to be lost. It was then
proposed to raise the common denominator to ten,
which was in harmony with the decimal system,
and the franc, with neither of which does the five'
franc piece agree. Such a coin was once largely
circulated as a ducat, and was the smallest gold
coin before the five-franc piece was issued. .
Wallenberg and Professor Leoni Levi favoured
while M. de Parien did not object. The represen"
tatives of Austria gave it the preference as mere
readily agreeing with their coinage, 13 representa-
tives voting for it ; those of England and Sweden
were against it while Prussia, Baden, Wurtemberg'
and Belgium abstained from voting. The Confer"
ence, by way of conciliating England, added a CO'n
of 25 francs, from which the mistaken idea ar?sie
that they had adopted that coin as the unit, whlci
was not the case, the five-franc gold piece bel'
taken as the basis of the monetary system, the 010 s
.
of all nations to be made an exact multiple or eel'
formable to it. The reviewer objects to the action-6
of the Convention in contemplating only a change
of coins without touching on the system of curren.aoe2r.
The Master of the Mint assured the Convention
that England would not come into their proPov-I,,as
it would entail too great an inconvenience for teet
advantage it would confer, and this was in effect
the conclusion arrived at by the Royal ConinW-slO
/1
appointed immediately after to consider the subject/
and with the concurrence of the mercantile coin:
inunity. At the same time the Commission foil!'
acknowledged that a uniform system alikein MI
higher and lower coins as well as in weights and wen'
sures would be productive of great general advantage:
Both the Master of the Mint and ProfessorLeont
IJC%
advocated the 10-franc gold piece as the unit:
Zhls
would necessitate a new coinage, and reduce our
shilling to a ten-penny piece. Ten new shillings
would equal the new gold piece; four pounds, the
large coin, would be ten of these new gold coins:
or one hundred francs ; two pounds would equal
five of the new coins, or fifty francs ; one pound
would be two and a half of the new coin?, equal to
twenty-five francs ; sixteen thillings would equal
two new gold coins, or twenty francs; eight shil-
lings would equal one, the unit, or ten francs.
There would be no difficulty, we imagine, in get"
tin; a bill passed through Congress, either to bar'
monise the coinage to such a system, or to adopt it.
The silver would consist of pieces equal to tl"
francs, to two francs, to one franc, to half a frail°.
and a quarter franc ; and the copper, coinage would
be a ten cent piece, equal to a penny, one of five cents'
and one seat. We are glad to see that the lion. S.
Ruggles has been coinnaissioned by the President to
attend the approaching Statistical Conference at
the Hague, which will bring the most active meal:
ber of the United States Delegation to the Paris
Conference again to Europe to re-open this sub-
ject, as it surely will be unofficially, if not officially
Indeed, Austria intends to coin pieces equal to thl
10-franc and 20 franc pieces; and Greece, the Papal 6
States, Roumania, as well as the United State 3 311
Canada, have taken action on the subject. 14.15
Tuesday at Pesth the bill introducing &gold coin-
age, with the franc as unit, was agreed to.. the
North German Confederation have passed resolu-
tions, while Sweden proposes to strike gold 00105
final to 10 francs and 25 franc;, and France
,h°
resolved to alter her standard to gold ; thus I.4eg-
land has been left almost alone, while even China
talks of coming into the system.

The Rev. Samuel Nott, father of Samuel I•l°lstci
jun., superintendent of the Hartford, Providence, 911
Fishkill Railroad, died at the residence of his son in gar',
ford, on Tuesday, Juno 1. He was the last survivor
the band of five missionaries sent to the East Indies bY thg
American Board of Commissioners for Foreign Atissith-
in 1312. _

"
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BIRTHS.
Smut -On the 22d inst., at 69, Queen's-gate, the 11°13.
Mrs. Woohnore Smith, of a son. Dc
Thromtwoon—On the 23d lust., at 10, Park-square, d,
gent's-park, N.W., the wife of 'Frederick J. Underivou
Esq., of twin sons.

MARRIAGES.
CLARKE • —BEARE —At St. Andrew's Church, Wall-street,
Arthur. Doveton, son of J. Clarke, Esq., of all, Pewlopr
slure-phtce, to Edith Amy, youngest daughter of ithlJ
W. G. Beare, of Devonshire-place.
PARKER—Krr CITE:aII —On the 24th inst , at lireYbri,q6e:.
Harry Rainy Parker, Esq. eldest son of the late ire'
Chancellor Sir Jamos Parler, to Frances Emily Jan
daughter of Lieut.-Col. Kitchener, late 9th Rent.

DEATHS.
"
CIIAMBERS—On the 23d inst., at his residence, 67 Bloora
field-place, Pimlico, Mr. S. Chambers, aged 82.
JARDINE —Ou the 23d inst., at Brighton, Major-
Jardfne, aged Gl.
Egg, , late of the
WILSON -10 u the 21st inst
Son hos. Co
firm of Thos. Wilson, , and Co Hull aged 78' ,
General

London: Printed and Published by WILLIAM ANDAw—W,..O,
of No. 112, Strand, Printer, at THE SUN °filed, N 0.112, Stra d
in the Precinct of the Sayoy, in the county of Bilallese.
Friday, June 25, leco.