The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-06
New Coinage Bsn VS.. Spanish shIilings and
SiXpences.
TO rHB EDITOR or THE HERALD.

10 TIE EDITOR or THE HERALD.
In Saturdays HERALD you published the Senate bin
hating 70 foreign coins with The amendments OF the Com.
misses Finance Of the House OF Representatives. TIE
reference 70 WAS 80 non commsal 10 the meTils
the particular points tie bi that am induced 10 IN
woke your aid In allowing the following place In your
columns at this important junosure.
you refer 70 your files Of February O. last yeay
you viii find tina, resolution was introduced by Senator
Fab for the express purpose OF Withdrawing from
htion ssd getting rid Of the fractional pArs Of the
Spanish CON. This referred 70 the Finance Oommt
tee, and the result the bill IN question ara
pelled 70 Tie hazaxd Of being censured say that
the measure which introduced IN Congress by ex
senator Dickinson, for coming the 30. pieces, vas
quote his words, "one Of Q series OF reforms b.
which he Intended should get rid Of the inconvenience
sbsurdty and swndlipg which Of the circulation
the fractional Spanish currency" Never Was greater
mhtake made than the issuing the &c. ooin whilst tbs
Spanish shlipg crcuistes at nominal value Of 1870
greater nduoement possy anAnciering and ,bery
ihsn ever, and greater and universally diosed
o. The nt and IN AZ 2 r.a
was bsd enough bcfore-h u vorse nov; but halls with
the greatest severity on the mechanical aod producing
casser, who generally buy for cash, ~ they receive
from their hard esrnngs The riooer Glasses can verify
he evils Of the system BY looking 81 the tems Of their
isc. Look siors windov Jon see an srtoIs marked
In figures 60 TO &c NC You give o Csc. piece and
you get IN change the difference BY the
only 49,, Ito, Ice 40. Thus you certain Of
l,sug iour per cent. hba moderate estimate 70 say
hat IN the immense population Of New York Brooklyn
and suburbs that at ess OF The producing clauses
e1psnd upoa an average 81 day. their inevitable loss in
change and trade tour er cont, which makes loss Of
more bsn ~ TO that class which u the least
able TO bss H. but this great loss frequently incurred
In expepdiDg nom So 70 lac Take the Fulton ferry for
instance at 20 Tie Peck slip ferry &c. give quarter
and you Get respectively In. loo or L. o. thus the
pany cheat you o the 40 be 90 you pay out Of tho
H. and aivo you another L. out Of which. you have
pay ic you arc surc 70 lose he othor 10; In reality
charsirg you 90 per cont 100 much. No take ~ 30
pie ctstbey sve you 1oc. or &c Thus making unavoid
able probt ~ they say, on you Of 70 per cent In
csse or IL per cest In the other Ind any ges
90 piece IN changer
rbere the hducement 70 ,be robbery Tor 10 nothing
else where becomes . system: 10 prSctiscd every.
wherein ounbusses raiIcoads-boih o,ty and country
-rsstauranis. groceries, and In the Post Ofoc-and
these came shines, every or which from 10 30
per cent hes been made according the taken out
made Up into % PACKAGES and dcposfet or
all The railroad and ferry companies dcposH spanish
coin OF ~ IN the banks In which they keep their
counts 70 DO paid out 10 the public who ret robbed
9sm. Now that silver hes become scarce and dear it
Dan readily obtain 10 nominal value ssld by weight
but these shuinss and sixpenoesthc fractional
the great evil. Onfy think that system sud
De piersted where the decimal syste " the leg
rency Of the country, and specially whist Canada
land Fasce and other European
to adopt Inc dccim instead OF the old sysiems
Of coinage
botSirs else is done h Congress relieve us Of The
fraction al paris Of the coin. A MECHANIC.