The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-10

FIVE Days LATER FROM HAVANA. The bark Ra-
pd, Captain Ward, arrived yesterday morning in
eleven days passage. We annex the following
intelligence
Correspondence of the Heraldl
HAVANA, May %, 1873
The last packet from Spain brought large amount
OF copper coin, with order from the Regent that
IT should be put IN circulation here This order has
been withheld by the lntendent, and the coin re-
tanned; In the opinion OF some OF our ablest men
rather unwlsely. The smallest recognized coin now
in circulation is the hall rial, value ct cents but
the absence OF a smaller denomination is in mea-
remedied, by the issue from each " bodZga" or
retail grocery, OF stamped pieces OF tin bearing the
fictitious value Of one-fourlh and one .eighth OF a
rial, and denominated "cuartos' and "chicos, y
equivalent to the Spanish copper coins "cuartos''
and "ochavas" THIS issue OF fictitious repre-
sentative OF value by irresponsible persons, bears in
Its evils entirely upon that class OF persons least able
10 support them: and among these may be enumerd-
ted ar not the least, the loss consequent mu-
ulatlon OF the pieces or their refusal by the lssuer
from any other motive. Neither Will they pass
current, but must be returned by the holder 10 the
issuing "bodega," thus deprvng the purchaser OF
the power 10 purchase where he pleases No one
pretends to deny the existing necessity for coin OF
smaller denomination than the halt rial but the
greatest argument against the Introduction OF copper
coin is, that the coin will bear value much
above the intrinsic value OF the metal ITSELF large
quantities will be thrown into circulation princi.
pally from the United States, thus banishlng gold
and silver from all the minor channels OF crcua-
ton, and reducing our Island TO the late condition
OF the Mexican Republic. And this futile argu
ment, so easily dlsproved, is advanced as good
reason why our poorer classes should continue SUBJ
ect to the robberies OF the bodegueras;" and the
example OF The pesetas, thousands OF which were
coined in the United States and thrown into clrcu-
aton here, is trlumphantly adduced as practical
proof of the truth of the argument, without taking
into consideration, that had the government de-
creed that they should not be legal tender in
larger quantities than some fixed sum- the evil would
have been efiectually remedicd. Instead of this,
the singular anomaly was seen OF government, on
one hand prohibiting, under heavy penalties, their
introduction into the Island, and the other, after
the law had been successfully evaded, assisting the
culpable inringer in folsng them upon an unwil-
Ing public, by almost daily decisions inner tribunals
OF Justice
Inc vigilance OF the government has been arous-
ed by the deienceess condition OF that part of our
coast bordering on Hayt and one OF the war steam
ers has been sent round there with small park OF
artillery TO be distributed along the exposed points.
the steamer being to cruise in those seas until things
in the neighboring island become more settled II
IS said that the other seamerw be sent 20 the same
port in order TO give prompt advice Of any move
ment, and yet not leave things entirely defenceless
Tn movements of the leaders Of the late popular
ebulliton there are looked upon here with no small
alarm and great hopes are entertained that the srug