The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-23
Yhavs 10 saw that think that plan could be adopted II
vsuld tend very much - increase and favor tbs com
neree Of all nations. (Hear, hear Et
The Gold Discoveries and the Engiish Royal

Ut god
n conner coin . ............. II, sos
ro,., coinage .flo, sss a75
Pnt tbs neeaer interest which this return possesses
is dr. so shows the rapid progress which the
g5ld coinage has made and, second in relation to the
scarcity silver coin how far it be traced
to the limited operations of the mint. For these pur
p,ses il ~ however necessary that we should examine
Ia detail the produce of each year. In the first place
then the coinage Of gold has been as follows
1915 e. 45l .9s9
1857 - s9o
......... ............ - 80
1891 go
Thus We od that of the entire fio ga 47 goa coined
m the i've years less than els l42 esl coined IN
siderable being f2 45l 800 but il will be remembered
that in the preceding year dSi9 very large eax 2,
10 the mil irnum point at which II could conduct ts bust
Early in 1s4s, turn in the exchanges and the
distur the continent led 10 very large influx
Of cold and considerable coinage, In order to sup
Fly place Of the cor exported the preceding year
and doubt that the coinage of that year far
exceeded the average OF the preceding years But the
Transaction Of the mint during the two last years have
been Of entirely novel kind and have arisen from
causes totally uncopnected with our internal circulation
the state Of the exchanges between this and other
countries They have arisen chiefly and far they
exceed the ordinary average, entirely from the recent
gold discoveries in California aud Australia and supply
geld in the shape Of coin, being market BILE for
purposes that it would have been bullion IL is
that the bank has received in little than
two nearly Ella eco 600 of coin into its vaults and
that at The present uonent the great
increase OF bullion in the aggregate that which consists
Of Isles by half million than at the commencement
Of period so that Is that N about years
shape of English No doubta considerable portion,
probably less than half of the whole of this large
has gone 10 Australia But is also certain that
aver, large amount fully equal to the other half has
been TO various foreign countries where Eng
Gsh soy.reens have acquired certain value crcu
ktirg edum and where. therefore they have a
What higher price than bar gold Ia many countries in
Europe English sovereigns may be considered of
the most convenient coins for all ordinary purposes In
fayp they have become almost chief circulating me-
dunn. In some of the South American States the
reip the best accredited COIN and everywhere
has SO high character for lis integrity, that it const
tutes more and more fayorte mode of remittance.
But must be apparent that If this state of things in
Tela tion to coin and the demand upon mt is
to continue and extend the character and func.
ton Of that establishment will be entirely changed and
In such way will render it imperative that the prin-
0ples upon which its expenses betrayed should be
reconsidered OF te the pressure upon the mint has
been great and the expenses have been necessarily in
creased, not have shown with view to supply
internal circulating medium but mainly in order to
attach and additional value to gold for The pur.
pose Of expectation. Now, so long mint is main
tanned exclusively for the convenience OF the country
long it works mainly to supply internal circulating
medium it really matters little whether the expenses
paid by the public from the eychequer, whether
they ade mall charge upon the coin itself, In
either case the country at large bears the cost of public
Instrument Of great convenience No doubt there
many reasons and especially when require to rectfy
adverse exchange why desirable that the coin Of
the realm should contain the intrinsic value that it
nonnay and therefore, that the cost of the
mint should rather be dera ed at present from the
public excbequer than by seigporage the the coin
But if the Royal Mint on Tower Hill is to become a
great mandatory OF coins for various foreign countries
it has been during the last two years. it will be-
oOme obvious that there is good reason why the peo
PIE England should continue to defray the cost of that
sstabli hment Il will become a matter of serious
alteration whether that should be defrayed
cha rye on the coin equivalent at least to its amount
The silver coinage has amounted to 1851 5a4 in the
fve years, IN the following proportion in each year
1875 t5o 49,
leAs Observation-Disclosures. 11s 592
1Se iasuso
s sIeos
The large amount of silver coinage during the last year
compared with any former year. at least shows that the
great Inconvenience which has been experienced from
scarsty of silver coin has arisen from any decline in
DE work of the mint notwithstanding the great add
onsl work which it has been called upon TO perform in
furnishing gold coin.
would be premature with the short experience which
We have had of the effects Of the gold discoveries upon
mint TO decide vet up any change in our present
setioe at least are bound mario Wy to watch
1er operation in order when it becomes Necessary we
SOUND principles and well ascertaned facts.
Great Britain.
DECLARATION OF LORD JOHN Russell on THE DA-
RTES CANAL NEUTRALITY-SUSPICIOUS. PARLIA-
MENTARY PIocEEDISGs-BoARD OF TRADE RE-
TURHs-IETERvIEw BETWEEN MR. INGERsoLL
GSD THE ATLANTIC AND PACIFIC JUNCTION COM
PANY-NEw POSTAL ANGEMENTs-coMPLArNT
AGAINST THE WEST INDIA STEAM PACKET COM
PANY-ITEMS ABOUT STEAMERS.
In the House Of Lords, on Monday, the It'll inst the
Eari OF Aberdeen replied IN answer 10 question by the
1ar Of Namesbury that the government had nforma
bon as TO Mazz,ni having escaped board the British
higate Retributon Earl BamesbuIy maintained that,
IT we're true it was ian act Of most i'll judged humani
~ In the captain of the ship to receive this political
tator on board The subject of education in Ireland
next atr oduced and long debate ensued termina
nng in resolution for series OF returns connected with
the question.
On the evening in the House of Commons the
slave trade (Few Granada) bill. and the slave trade
tArahia) bill, were read third time. Mr. Cardwel Oh
plotsge
On Tuesday, Mr.. wilson in the Honse of Commons,
stated that the had considered the subject of
establishing minis in the Australian colonies and tho1ght
was matter altogether for the coionists themse
government would be disposed to sanction the establish
Dent of mint at Sydney upon the condition that the
ecloniss bore the entire expense motion to inquire
into the management OF the National Gallery agreed
TO- select committee appointed to inquire into the
subject OF panes and beneGt, and burial
societies. Lord Join Russell gave notice that the
18th inst the House would be al journed till April
the Easter holidays
The West India mail Thames arrived at South
ampion at the 9th bringing the first batch
the overdue West India and Pacific mails. The Thames
brought specie in value $500 600 On the 9th February
he experienced heavy gale and had to bear up for
Eaya where she detained coaling until the 9th.
The orinoco, West India mail steamer arrived the sth
inst
Board Of Trade returns for the month ending Feb
have been issued and show increase in the declared
value Of expectations Of 81 4lo oeo nearly thirty per
This increase is distributed with remarkable
AL the principal branches Of industry but cotton wool
In and six manufacturer metals baberdashery and
tie items in which the improvement Is most pic,
nOus and these are referabe to the increased demand
Australia.
There have been more election exposures an one or
two additional members Of Parliament unseted for bri-
Berry.
Or. Layard, the Eastern traveller, is on the eve Of
having Eng and in company with lord Stafford, Am
hsador to the Porte his services being required
aiplo mstic capacity in the East.
depufa'ion Of the Directors Of the Atlantic and Pa
ohe Junction Company had interview with the Minis
ter Of the United States at HE Official residence Port
hand Place London. Saturday, 9th inst The obiec;
or result OF the interview did not to the public
The Postmaster General had stated in to de-
hat it'd 4hao 49,
~ the colonial assene could be obtained and the
~ Arrangements made tits intended to reduce the post
OF letters TO every part OF the British dominions
abroad 10 the uniform OF sxpence Der half ounce
The present average price colonial letters about
tsen pence
The departures for Australia are en az numerous "a
sver. Considerable shipments contcue to be made Of
manufactured goods and general merchandise but
fsigbts for the moment, have experienced decline
The Liverpool merchants trading with Mexico Califor.