Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1852-01-03

may consider attempt necessary to prevent the
portaton Of national coinage We certainly pro-
vide The coinage Of gold desgnedo ezpOr-
taoa 'chi as vaiuGbe bars coins for such purpose
During periods of reyusion in trade when the ordinary
adjustment in the relative values of the two precious
tails fails the laws of must upon them
til . balance of trade is effected The laws Of Con-
gress regulating the actions of the minis appear incom
petent e The double standard at such times especially
Among tile nations of Asia attention has been given for
period we scarcely estimate TO "pieces Of the
lowest denominations Of coins employed in the domestic
nerchages Of the people at large in preference to the
formation of ''pieces of higher value which allowed
to be regulated like other merchandise and to pass by
weight md quality without expense of manufacture, into
definite coins.
Our largest coins are rarely seen in circulation and
there sufficient of them objects of curiosity They
deposited in vaults iron chests, where golden
ngo would rest with equal convenience to the owners,
and greater economy" to the Government, if such
word may be introduced in its former comprehensive
sense
The Chinese and Japanese, with whom intercourse
must become gradually important, cast both gold
and silver into bars and pay them out by freight the
quality being estimated in domestic commercial trans
actions like that of teas, silks, nankins.
the United States in what called ingot bars Of
standard gold, ready for coinage each bar being
impressed at the French mint with numbers of its fine
in thousands the assay of which verified
| mint.
To reduce the necessary expenditures has become
consideration with the Government, which is admitted
both by the improvements introduced into the refining
and coming departments of the mints and the delays
which had occurred in their operations and the large
allowances for wastage specified at the entire charge
of the Government in both these departments The minis
be effectively employed with preparations for the
important smaller coinage which the rapidly increasing po
| augmented quantities.
When minis confined to the fabrication of the lower
denominations of COINS much time and labor requisite
in the preparation of them, but without
s'wastage or expense Some compensation re-
med might be made for such proposed changes by avoid
ing certain pieces stamped and by alterations in
the structure and composition of coins of the lowest de-
nominations There appears absolute necessity,
cept ancient Of comparatively modern date that
the half cent and the scent should consist of bulky
and offensive pieces of copper. Silver largely alleged
with copper, bearing distinct Devices the "peces differ
ing both in form and color from the higher descriptions
of silver coins would become much useful and
venient among dense population OF the ordinary
pieces OF syer the nifty cent piece and the dollar,
often exported might be omitted any rate when smaller
change more needed by the community The gold
dollar would supersede the silver but this gold coin
would bear remodeing 1t is too small in diameter and
undstingushable by night day. Besides the golden
dollar, golden pieces of two and half and FIVE dollars
value offer every facility for the largest domestic metallic
interchanges.
We should possess, then, according to some such
arrangement Three pieces of coppery silver equal to
half, one, and three cents, to be distinguished in
shape color, and device; three peces of silver coin
age with corrected alloy, equal to FIVE, ten, and twenty
five cents, severay and three pieces of gold csns
equal to one, two and half, and FIVE dollars value
As gold need not in all instances take the form of scon
for ready interchange payments may easily be pre-
pared for transfer wholesale for the assay of gold
like the 'test s'inspecton" of barrel of -four
Of cotton marks its true quality and value and
each to be duly appreciated in the market Any contre
faction deceit in either equally exposes the trader
Gold is g material and g. commercial export
from different regions of land and do not antic
pate speedy exhaustion of this of country
It, however, too rapidly disappears for true interest,"
seems require modification of existing arrange
ments to control its action public convenience.
NORTH CAROLINA, NOVEMBER 81, 1851.
Il