New-York tribune., 1868-06-12

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It is said that "tO promote the intercourse Of nations
with each other uniformity OF weights, CONS. ana
measures Of capacity Is among the most eiheaciou'
agencies"
nearly the English than 10 the French standard
Our commerce with Great Britain is nine times greater
than with France and II the former does not adopt Le
Paris system OF coinage aud have assurance that
she will the United States would certainly commit Sc
enforce this = And what Of the rising communtesi A
properly adjusted coinage would stimulate commerce
Southwest OF u.s. with the West Indies and the countless
millions of trans Pacific countries we stand midway @
! Widey.separated Our railways, canals, our
natural highways and merchant marine may pe isS b w
else, well adjusted coinage becomes wand OF Powto
i'm the hand Of enterprise. Tokens not wanting 70
mark the favor in which the United States now held
by China The unusual honor recently conferred ~ ,at
Government upon citizen OF this country not alone
because of his fitness as an large but was
a well OF friendly disposition toward nis 80 uV ~
try Future harmony OF Intercourse is assured TOO n
their adoption rs textbook I'm diplomatic cOrrespOhu
ence of leading American authority on interha ma
growing partiaity Of Japan toward this country Dat
it is enough that the recent opening na1 GO In the
| tain ports indicstes enlightend change III lhe
policies OF these two old Empires OF winch coeice'
especially own is ayalns tse dnore s ~ tS
minds Of the cautious statesmen OF ASIA We are non
aggressye our demain leaves no motive Tor con
o,Iest hut on the other hand fertile, unpeopec ter
rtory invites settlers and mines and the demand lOr
ward from Asia increasing tide Of emgration aiding
not only peoping that region, but IN establishing
liberal commerce between she nations -,
Referring to the third nqary may be asked should
standard be adopted Is the frehch system noio
suitable for us than our Ownf ., a., -.
Doubtless the French syseR embraces al the great
and importan principles OF uniformity which can be ap
Piled weights and measures tand coins as weD but IL
not yet complete IL Is saseeRS9 I ~ So Of With
the respect held toward exalted power as France
features OF this question. We producers; France,
Belgium, Switzerland, and Italy who have adopted the
therefore e. while adding little TO the common stock
Of material for metallic currency, are not anectea
Nor are they likely to be influenced are TO be- by
other coming changes Neither j. there any tnne ~ e
financial or commercial status OF France winch entities
her monetary scheme TO preference over al Others III
fixing common coinage unless IN tss' n s sh fct
Writers represent 1t as surrounded WIN nnonueS W & anu anu
an eminent French author calls II the worst OF al sys
Its basis ia arbitrary and the ratio II observes
between gold and slEer-One OF gold Tor l5t OF SILVER y
erroneousness OF the plan In theory, her coinage is
merical and vet II is said that France mas not nor never
has had gold coin containing an ever number OF grams
or, practically 1T Is unmetrlcal
the gold dollar II adopted and we should still give TO
silver dollar weight aud value equal 70 the Mex %
can dollar Ia sS tS ~ o o ONE While IS to one is as high
as Il would be safe 10 and where indeed, our own
standard places It, live consent TO reduce our gold
we could not possibly silver dollar that would be
rather than diminish the weight OF the gold dollar
g nperiytendent of the United States Assay Office in
New-YOTk, q competent authority, says;
.,ns oH 5osef tan IS Shsss a1, hat go Of hsS
Weigh exactly Eogram Circumstance wbeh has not The slightest
Weight whith the adopt upon the
French themselves by design Unavoidable result Of s
Further that after having fixed the of gold
l5 and having adjusted the weight OF their silver coins
In integral numbers- - A. -. -, - 49,.
naSl. ass :55S 5Sc. SSTy fsGss % iSoP @ ne division
10 ~ ~ .s, h. gi,isg bs ~sis6t Of i-s of he sA
Pno Great Britain ssd Ihs United states :, they vii Be
Mr. Dunning recommended for consideration o none
tary unit OF 1920 megrams Tor which he claims greAter
facility Of making calculations than that proposed by me
Conference and also that Is compromise between the
French and English coin weights, aud would require
reduction on our own doiaf o, nan Seh less lnsh 10y
the plan proposed IN the bill MT Dubois Assistant As
sayer Of the Philadelphia Mint fully ooncurs III the views
Other considerations aside It may be said that un the
leading nations represented AZ the Paris conference shall
adopt plan unncatio. Congress may very properly
decline TO for ancipatory legislation while disturb
accomplish no practical end Mexico would not be par
a TO French system and Canada cannot be expected
To be desirable, must be universal Unless iis advan-
palpable to commercial peoples oi EUROPE og
cation constant II cannot DE of serious moment 70 Us
whom the change would be of but comparative useful
ness
II has been urged for the early of
with Europe would facilitated thereby; aud also that
citizens Of country In visiting Great Britain and the
possesed uniformity But should bo rrcoected that
IN all large commercial transactions, gold coin Is ae-
counted by weight and not by Ae-a proceeding more
speedy and equally just aud OF the moneys used abroad
by travellers from this country probably more thhh ~
per cent s carried In bills OF exchange mode much
safer and more convenient TO the traveller ana "eh men
would he continued even the bill became law Ihe
British delegates the Paris meeting stated that, until
it should be ncontestably demonstrated mat the
adoption of new system offered superior adNhnt-
ages iusfying the Abandonment OF that which was APP
proved by experience aud rooted 40 ee haos Oh ,e Pc
IN assmang its money with that OF the nations oi the
continent" . ,,,.. a.,
present u stated. favorable one Tor lnagu-
rating the change PROPOSED Dy Tue p b S ,
the question Of circulation return TO specie pay nens
and the public nnanceS ,, ~ 4 ~ the ebarso m
the situation; and II may De remarked ihSluehlAy
that reduction Of the legal value OF the dollar would
inure largely TO the benefit spectators in gold and
hOardeTs Of the precious meaisa iact that might &c
n the naton were comparatively free from debt. Con.
ress might with more propety consider the question OF
Changing the legal standard OF coin but eect OF re-
ducing n as now proposed would be 10 deprive the public
creditor of nearly 500 100000 Of his rghtfnl due In the
estimation Of the Committee such proposition ought
say that the delegate, Mr. kugges who iayors unnca,
ton at time thought 1t just TO lower the Naue oi
coin without making proper hiiowanee 10 the hoiuor
of the several forms OF national oDilgahohs. 49, . -,
To be acceptable a change In our coinage must be
thing OF clearly obvious advantage ana proceed nom the
people There has however been no popular expression
In favor OF the proposed plan nor hdeed any s9luhs
action that direction whatever on the part OF financial
been sny siref Complaint M n regard to our monetary system
the fact has not 10 the knowledge OF yOnr commit
tbIntf hate already protested against any consdered
change the American dollar our coinage u peeNeu
sotisactory for purposes domestic commerce pos
sesses special merits Of everyday YPlne ana snVu9
not for fight reasons, be exchanged where the advan
tages songht TO be gained arc manly theoretical engag
ing more properly the attention Of the phQsopheT than
the practical ma The Instincts Of our people lead them
10 believe that we are the Of important business
changes and we may therefore safely hold fast ioE the
present what experience has proven to be good follow
Ing only where clear indications may lead aud future
OF great prosperity opens TO our country Inc war
gave us self-asserton OF character, ana removed
our ability TO originate means TO epds
Is expensive will be measuraby lost II II fails TO
impress upon US the fact that have distinctive
90 NIL, ort ono su0cientlv free from