The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-20

pose nay BE- most readily accomplished II Ii clear that
the United Ststes cannot become party TO the treaty
referred TO- They could NOS agree upon she silver stand
ard nor could we limit the amount Of coinage,
proposed by the treaty The United States SO large In
exentis spassly popuaGed-and the price OF labor
currency per capita We now produce the larger part
OF the gold and silver OF the world and cannot limit
coinage except by the wants Of our people and the
Congress alone can change the value OF our coin
object In negotiating with other Powers on the
subject Al coin Is not In general circulation with
us We can readily fix BY law the sze weigh. and mea-
sure Of future ssues Is not worth while 70 negotiate
about that which do without negotiation and we
do not wish TO limit ourselves by treaty restrictions.
In England many persons OF influence and different
proposed cSanSs II their coinage the change il SO
slight with them that enlightened selfinterest will
soon induce them to make t. especially We make the
greater change in our coinage. We will have some
dncuIty In adjusting existing contracts with the new
dollar but contracts now based upon the ucua
ing value Of paper money even the reduced dollar In
coin will be OF more purchasabis value than our cur.
rency.
creditors In the payment conversion Of their sacar-
ties, while private creditors might be authorized 70
cover upon the old standard All these are matters Of
detail to which hope the commission will direct their
attention.
And now, my dear sir, allow me to say IN conclusion
your Efforts to secure the adoption Of the met
rica system Of weights and measures. Tho ten
dcncy OF tho age Ia to break down all needless
restrictions upon social and commercial intercourse
Nations are now as much akin TO each othor as pro-
tact People OF different nations learn to respect
each other they lnd that their differences the
effect Of social and local custom not founded good
reasons trust that the Industrial Commission viii en-
able the world to compute the value Of all productions
BY the same standardto measure by the yard or
metre and weigh by the scales. Such a result
would be of greater value than the usual empoymcns
Of diplomasts and statesmen am, very trny yours,
JOHN SHERMAN.
1t is recommended as q measure OF coin unincation
that France should gold plccs Of twenty-five
half
eagle ive dollar piece and the English sovereign,
and that future issues Of United States gold coins be
duced in weight the value OF Eve francs per dollar
The Importance of universal system OF coinage is ad-
mted by every who has given any attention to the
subject is tho simplest of all the existing
systems but f we cannot have the decimal system
tended throughout the world much may be done 10
tho desired uniformity in the proposed
and trust the present conference will succeed in
complishing the object view. That such diversties
the coinage Of the world should exist in this progress
sve age Is remarkable and the interests of mankind de-
mand that these difficulties should be adjusted.
The receipts for customs and tho receipts, payments
and balances at the subTreasury in this city for the
expired portion Of the week have been as follows
Custom House t---Sub- Treaury--,
sesp S Ree s AZ .ayD s "a Bsanees
June S a aSs da Sa
june 10. 4laOoo 1o57,54l 2,54s,Os4 1897, 4o4
Tho exports exclusive Of specie. from Now York to
foreign ports for the week ending June 49, and tho
OF the year. compare as follows with
those for the corresponding years OF 1866 and 1906
1866 1865 1867
For the week. S. 105970 81 397972 $3,0S5 804
Previously reported r. 0S3 GOT ST. 221 32S
Since jan 457 oo2 $1o2 4o5. $40 800 ao7 1872
The foreign imports at Now York for the week, since
January 1867 and for the corresponding period OF the
mast two wears compare az follows
1856. 1868 1851.
Dry goods. .$221 3,042 $2.009,003 1925 sos
General mdse. ...... l457,394 7.046.742 4070ll4
Total for the week. 81 870 438 $90s5745 $4.995 800
Previously reported a. 1885, 1913 1876 $685. 72l 49,
Since January ,24 $l45 6s4 4os $l1s Sse
The commerce Of Now York from July to datc Of
each OF the years mentioned compares Is follows:-
1S64-6. 1864 1867.
Imports mdse $l4S 800 $2s7 684 S240 100 42s
Exports produce. 9S613.852 209374,OiS l7l,913b27
Exports specie. 30,194, 537 65.6222o2 1884, 444