Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-12-11

vance which YOU get. for your bills, in The U
States.
Therefore IA remittance to America, through
London, presents dead loss of a9 per Ct
III Is II grieNous evil, especially at this time,
when scarcely ANY thing can he made by ship
meu;s 10 Europe.
Specie eau be transported freely from one
part OF Europe to the other. The expense OF
transporting Il from Antwerp, TO London, can
not he estimated at more than per cent; We
call s7s for Stg. par; because atI2 cents pr.
Is. II gives St4l for 37s. Yet find En-
change Oh England, quoted, in Antwerp, at
US III. that isS per cent above par. Such
state Of things Indicates plainly that no Coin
carrent III Antwerp will, compared to what
passes AS money in England, bring in Eug-
land any thing near the price we have called
tue par.
Again, take France and England into view.
Some people call t2t, which is equal to % 20
Tor 81 stg the par between France and Eng
| land, none call the par over f2i. From France
10 England, the expense of transporting specie
must Se tr'ning; aud yet we find, for great
IS very plain, no gold and no silver can lie had in
France; which will command in England what
| we calipar.
In the first place, Spanish MiIled Dollars
are worth per cent, below par in England
aid silver, believe, is no longer to be a
legal tender. We must direct our attention
| to gold. An English guinea, as Will he per-
ceived bv Report No. Is, fol. 2, contains IIS7
'a'nS pune Solu Whiie d j ~ piece contains
only 50 grains pure gold and of course is on
~ worm los iOd sig. In the same proportion
| u Will be worth only los sterling. Thus, pure
gold against pure gold, what we call the par,
| Is 8 pi. cent out OF the way.
| What then is the best manner to Get our
| finds from France A very simple models to
import rs pieces. They are here legal ten-
der at 93 cents aud mills. By that means
20 VIII produce 81 66l. Asother mode is TO
! take Crowns aud half Crowns, which they cell
| by VT. In France. and when here it YOU Cannot
get what used to be the legal value of them,
send them to the mint at Philadelphia where
| they VIII coin them gratis, for YOU. Another
mode is TO bring Spanish Milled Dollars which
VIII either command premium for the E. Iu-
dia trade, or pass as legal tender at 100 cents
per Dollar.
These are mere suggestions. Adler pens
than mine will do more Justice TO this import-
ant subject. 1t is certainly worthy of consi-
| deration To save per cent OF the Immense a
| mount OF remittances from Europe TO Amer-
ca, which have usually been made through
| England
Another subject may not be thought beneath
notice, at this time; when, in competition with
| All the world, we must make every saving We
can or give mp the Chance to our better cslcu-
| iatng rivals. 1t is the value Of Silver
| One tact appears to me very clear, viz.
| mat Snfhcieut attention has not been bestow-
| ed by the Merchants of the u: ). TO Coins 9th.
er than Spanish Niled Dollars or TO bullion.
IT Hon ge to trade with the savJges at sumatra,
Il
| Dollars. They may not be with other Coins
therefore, to make your trade certain, carrs
| Spanish dollars:
But II You are going TO Calcutta or Canton,
| where Tue ASSAY of Silver is well understood
| may II not be worth while to consider thai
| some "sher kind of Silver, when Spanish Dol
| iaiH bear high premium, would answer bet
| Ter have been told fiona very good source.
| that d house in this town having accumulate d
| Two hundred thousand Spanish Dollars with a
| view To send them 10 Calcutta did Oh the sng
ges'ion OF friend, sell those dollars at the
| then marketprice, which was 10 per cent; and
| TOOK other silver Coin, which answered yearly
~ well; thu making saving OF over Sic, 600
a. The outset
Ia ascerlaring the real comparative value
"i the various Coins every where the total
| "e,ght OF the Coin its standard and the
weight OF pure lold or of pnre silver, which
| each Com contains, are leading causes. In
| ReporiN No % aud So will be found the Ia
Di conlaInn. these Items. for the Gold Coins
| intend giving hereafter the Table OF Silver
| c ins.
Il. ). November 27.-Exchanee on London
has fallen i'll France, (Oct. 800 TO f2i70. ihis
| indicates either that the Bank OF England has
| relaxed from lis curtaIling system or that the
pressure IN England Is expected TO compel a
| departure from 1t or some other great AMI
leading cause usknown. [Degraad's Report.