The Conservative. (M'connelsville, Ohio) 1866-1871, 1870-05-13
Chinese CurrencY.


The advocates of universal currency
NAV find z new argument in letter from
the Secretary of the Treasury in relation to
the value of the tael of China. referred to
the House Committee on Foreign Affairs
on the LIST inst. 1t appears that the cur
rency of China is not q coinage, but a
measurement by weight of silver bullion.
First q uniform standard is obtained from
the Government issue, paid out for Gov
ernment dues through certain banks. The
latter, known as Government Banks,
melt, cast, weigh, and stamp Jumps OF sill
yer of about 80 or 60 taels value; and these
Jumps become the standard currency.
This is not, however, the commercial cur
rency, which consists ofanother set oflumps,
corresponding in size and weight, but made
by anybody, and needing to be stamped and
restamped by every person passing them;
and also bits or pieces of silver, chiefly
from fragments of foreign coins, done up
in bags and boxes, and similarly weighed
and stamped. The commercial currency
is the medium of all the exchanges in
China, is, in fact, its circulation" (" and es-
timated in it, the standard currency is worth
about 10 per cent premium. Now some OF
the older ports of China, in commerce with
foreigners, brought into use first the Span
ish or Carolus dollar; then the Mexican;
more latterly the American silver dollar.
The Carolus dollar, in process of con-
sumption by clipping and melting has
nearly disappeared; the Mexican IS worth
about 8'per cent premium above the Amer
ican. Our government, with reference to
duties, in 1893 estimated the Chinese tael
at fixed value as S1.48. 1t seems that
this value was really appropriate only to
the standard" and was in excess for the
commercial currency. In 1862, upon suit
brought by an importer against Augustus
Schell, Collector, Chief Justice Nelson de-
cided that the Shanghai tael was not the
Chinese tael, and was only equivalent
to 81. 1t is supposed that the eyi-
dence in the case had reference to the
Spanish or Carolus dollar; but at all events
from this mistake il L;.s since resulted that
Shanghai invoices have been valued at
about one-third less than those from other
ports. Secretary Boutwell,, at the instance
of Mr.. Hogeboom, General Appraiser at
this port, who seems to have aseertained
and presented these facts, offers for the
consideration of the House, an act to make
the Custom-House estimate of the tael In
all the ports of China alike, 81. 35, which is
a fair valuation of the commercial curren-
cy. These values are of course IN Amerl-
can gold. 1t appears that even ''hard
money" currency may not be free from in
tricacy and confusion.-M. 7. Tribune.
DeIusiOns Of Girlh8Od.
The following is bit of Fanny Ferns
experience:
/ used to believe in school friendship.
That delusion ended when Arabella Triplet
told mutual friends that was years and
years her senior, knowing what a terrible
NIB she told.
used to suffer pangs of anger because
of WOES of beggars. Since that i have seen
one unstrap his leg in an area, and run of
oaily on two legs of his own. Another
threw loaf of bread in the gutter, and /
saw a third who had all day been yelling,
UPlease assist the blind, carefully examin-
iag his collection of ten cent stamps by
t,Ne light of friendly apple-woman's can
T., ,sed to put the greatest faith in lovers
,o,,s Now. 1 do not believe man means
onrtbi, 10 he says to woman, unless II Is
Sometbi ug diSagreeable.
IHsa5 to believe in faithful servants.
sy;nca 9; then i have hired girls from intelll-
oenca of4ic, Ms, and lost all my handker-
chiefs but on te. ..,,,,,
I used to h slieye in beauty. Since then
have seen a Sewitching belle take off half
her hair, ali her teeth, the best OF her COM
ple1ion, two pou uds Of cotton batting and
a cotset.
TIE DYsPEPIIc.-The tria. 's and snterlngs
of the Dyspeptic can only l. reallzed py
those so unfortunate as to be afi, 'eted Dy Ihls
disease, and yet how many of tn EN- snner,
and continue to suffer2 Why theyt o inns so
1t is impossible to tell 1t 1Ay De
from ignorance of any certain remedy, or,
may be from prejudice against the use u
Patent Medicine. Hoohand's German Bl =
ters has cured thousands of the worst cases
of Dyspepsia, and each day adds new names
to the record Of it's usefulness. Give the
Bitters trial. HOofand's Bitters contains
no liquor in any form. trr
Hoofiand's German Tonic is combination
of all the ingredients of the Bitters, with
pure Santa Cruz Rum, arIise, orange, &c,
making appropriation of rare medical value.
The Tonic is used for the same diseases as
the Bitter, in cases where come Alcoholic
Stimulus Is necessary.-ga aeai
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