The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-04-11
From the Ne,o York Journal of oommerc.

| MONEY MARKET, April S.-Advices have been
| received by the Assistant Treasurer on the Sub
treasury drafts to the amount of nearly $ 900 900,
over 100000 of which will probably be called for
| to- day. Two-th of this amount goes to the
agent Of the Rothschilds, and will be deposited in
| the State bank 1t is an advance payment on ac-
count of the Mexican indemnity The money
market already feels the effect of this intelligence,
and although Monday morning is usually the dull
est of the week, there has been more demand for
paper, and disposition to discount at easier rates
The stock market exhibits extraordinary
| movement, and the board of brokers have not had
80 exciting sitting for several weeks. There was
| no change in fancy stocks, but Governments, ow-
ing TO special order for them by the last steamer,
showed heavy advance. U. S. 6's, OF 1867, which
closed on Saturday at ll6, sold today the first
call, at ll6l, and the second at iii; do OF 1868
brought III first call; and ll73 on the second; do.
do. with coupons, ll9 first call, and ll9z on the
second do 1862 ll2 first call, 1922 the second;
do. 1856. 1851. If these prices continue, many who
have purchased for investment will doubtless be
tempted to realize.
In addition to the demand from business men in
this city, and from corporations at the East, our
| banks have lately received numerous applications
from country institutions, who keep their accounts
here, for accommodations hardly warranted by the
| amount of their depostes, This shows that the
country generally is not quite so flush OF money as
| many have supposed. When, however, the returns
| from the land OF gold shall have been coined and
reached their final destination, this scarcity will be
| no longer felt.
COUNTERPART GOLD COIN.
| We see statements daily in exchanges of the
successful imposition of counterfeit gold coins upon
various communities As this evil is likely to in
with the enlarged circulation of the precious
metals, we have thought that description Of the
most specious of the counterets would be acceptable
to our readers, For the foundation OF this we are
indebted to the courtesy of the assaycr at the United
States mint.
| First--an imitation of the we'll known doubloon
| of Bo ota, in New Grenada. The die is very well
| executed, and the coin itself is composed Of 653
thousandths of gold with the balance Of silver Its
value is, therefore, s ii 10, while the genuine is
| worth about Sl5 81. The date is lS43-it cannot
be detected by night, its size having been increased
TO bring il up to the true standard about II grains
II wants, however, the true COLOR and persons deal
ing in patriot doubloons have, therefore, TO beware
| Of pieces looking too pale, or too much like fine
gold.
limitations of our own coin, and some have lately
been brought to light worthy Of especial notice The
varieties include .he eagle, half eagle, and quarter
eagle. The die is very perfect for although colner
might discover that the impression is not quite so
| sharp and decided as the genuine coin, yet none
but practised eye can detect any difference. Even
| when examined under microscope, they are found
TO correspond in the most minute particular to the
genuine coin. This shows that the dies must have
| been transferred from our coin by some mechanical
process not yet known TO honest workmen, as the
most accomplished In the Woflu COulu not
| up the graver and make such a fac-simile
| The coins have rather dull sound in ringing,
but not as if hawed, although they actually
composed of three distinct pieces Of metal Where
they are full weight they are necessarily thicker
than the genuine but generally the half eagle rim,
as in the good piece from 65 to so thousandths Of
/ inch within the raised rim. They appear 10 be
made as follows: A thin panchet OF silver (of Span
| sh standard) is prepared so nearly of the right
4 diameter, that the subsequent overlaying Of the
| gold plate at the edge will make it exact. Two
| planchcts of gold then prepared-one of them
TO correspond with the true diameter Of the coin,
the other about quarter Of inch larger These
two plates are sodered upon the silver, the project
ing rim Of the larger is bentup TO meet the smaller
so as TO cover the edge Of the coin, and the piece
1 Is finished by blow in the coner-press The half
| eagles, which are, perhaps, the most numerous,
1 bear various dates, such 1874, lS45, and lS47.
Ofthe quarter agile only date 1S43 and bearing
| the o for the New Orleans mnt-mark, has as yet
been detected but doubtless there others in cir
culation. The value Of the halfeagles assayed was
| from SO to SO 40, and the quarter do s 4 %.
4 They are 30 we'll calculated 10 deceive that they
| have passed undetected through the hands Of good
judges, into the mint, in one instance as many as
| five in a single deposite.
The only reliable method Of detection is by their
,ceight II they up to the true standard, their
| increased thickness will be at once apparent to a
| careful examiner. There is a little machine in
vented by Mr.. VIM. M Snder, of the Philadelphia
Mint, which tests by single movement the weight,
diameter and thickness Of any coin in this series,
and it would be valuable addition TO the furniture
of any Office where gold coins are received.