Star.
London, England, 1817-02-11 00:00:00

THE NEW COINAGE.

Me have bestowed some attention on it* different
speculations of our contempciraries on the new. Silver
Coinage. It has been supposed possible by somr,
the Royal Money being heavier than the Bank To.
kens, that the new Coin Will instantly lse raked
down, and re.MintafaCtured into thelighter mane,;
and it has been recommended that the Bank should
be compelled instantly to withdraw their Tokens Been
circulation. That wo exclusive privilege shoult.kbe
given or maintained. in favour of any Commerciel
Company whatever, to citculate mon, oftheir **to
tabrication of any less weight than the national itan•
dud, is decidedly Oise opinion, but not on the would
stated above. We go even farther t—if .the national 1
standard is lower than the bullion price, private Coma !
panies should not be allowed to issue Tokens at so
low a weight as the roomer from the Royal Mint,
and for an obvious reason—the profits on Coinage,
where there are any. should go to the Public, which
maintains that establishment, sad pays all the salaries
of its officers.
But,Ought the public coin ever to be of .leis vakte.
thata the bullion price f This may be questioned If Orr
at-all events. if !ashler, the difference .should seise
exceed the bare expense of coinage, considered as a
manufacture. Who would be so toolish as to melt
down. Bank Tokens for any purpose whatever while
they ea: buy bullion at a lower price'; For the
same reason none will melt down the new shillings
to convert them into Bank Tokens (which has been
feared by some); for this silver would cost than at
the present price nine per cent. more than standard
silver bought in the market.
What I Nine per cent. progt oe coining shillings
.aad sixpences 1 There can be no reason then to fear
that du aye-coin will disappear in a short time.—
No, no. .The • new coinage will be like a brood of
chiiliams whole egg, arrnever to be eaten but hatch-
ed, and then reared
!to produce neer eggs to be also
hatched—orf iefiai• .
Tolerlect this system, let our Guineas or Irefteriair,
or by whatever Darn* the new issue of Gold -may be
called, be. also at Nine. per cent. under the price of
builimi—and there cannot be a doubt, in this time Of
general. distress, wbeo savius and retreochtneut ue
so desirable and necessary, that the svhule expense of.
the Royal Misst-iino trifling annual sum—maY in,
future be entiiely laved: The ingenious people of
Birminshans will be able to give the public more
than a sufficient supply of money, of the standard
-fioeness too, and of full mint weight. Their profits
also wilkbe quite sufficient; for, as it will.be a ready
limn''. trade, they may turn their capital at least
oficir a week, 'which will yield then) three' kindred daid
;_41.9-ArAt per tent. per annum.

este.rdity.the Emil of LIVERPOOL. Viscount C.llB'
yi.gßAACtils and the Marquis of CisoLisounmay, had
audiencrs of the PRIM= RIMIOTT at'Carlton House.
A pretty little ballet, under the title of Artere, or
ehe if Zelkijr,' was performed. for the second
time, last night at Covent-garden Theatre. -It is a
very agreeable and elegant little piece.
'Miss 01'Niiss.t, is maimed to her room by Mvere