Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-04-19
The TRADE DOLLAR,

THE TRADE DOLLAR,
Its Disadvantages = How 10 Aasets
the Present Deprseiasiea Of 81.
Yer. .
from the San Ynnelsco Alta.l
Up to q certain date the Mexican dol.
lar was tho only silver coin COINED by
outside nations) which wa received to
any amount IN the Chinese Empire.
In consequence OF this then existing
state Of affairs, those dollars command.
ell a premium In San Francisco Of from
three to ten per cent, The Director Of
| tho Mint, when in San Francisco, held o
consultation with the American mer-
chants doing business with China, and
tho leading Chinese merchants Of this
city, and the first idea Of a trade dollar.
which would supplant the Mexican dol.
lar in the China market. then germina-
ted. To the sorrow Of the people OF
| this coast, the bud has developed into o
flower OF enormous growth. which bids
fair to take for its sustenance that which
we oan III aftord. rIt.rrtu ID, 81
rnE TRADE DOLLAR AZ COMPARED WITH
II MEXICAN. urur
Those having the matter in charge
took the average weight Of the Mexican
dollar-for they are not uniform-and
established tho weight OF the present
trade dollar at 1870 grains. An Our trade
| dollar was worked nearer TO tho limits
OF the weisht-thc Mexicans being a
little careless in regard 10 their weight,
and the trade dollars OF the United
States being Of the samo standard value.
| which il nine parts OF silver aud n OF
copper, tho difference In weight gave 10
the trade dollar the preference in China.
WHY 1T was EsfABIisnED.
Several reasons were advanced for tho
establishing Of q trade dollar. The
principal reason was that the parties
who controlled the principal producing
mines on the Comstock Lode. which. ~
is well known carries a large percentage
OF gold, were compelled 20 ship their
bullion to the last or 10 Europe for the
prrpose Of finding desirable purchasers.
his cn.ailcd upon them the cost Of
transportation. Of insurance aud CON-
missions. In order ~ curtail this ex-
pen,o. |. dollar was MANUFACTURED hero
which would supplant the Mexican dol.
lar. ~ 81
The coinage OF this trade dollar not
only saved these parties the expense Of
,,onsno,,a,ion cic lint also cav. to the
rss;Jsnts oi ibis Coast the aiyantsus Of
having Tho GOLD which IL carried IN the
comssocL Iullion' ooipcJ In San Fran.
c;scn whsra n wouLJ sui,.srve Inc MIR.
noss, n, trade aud oiyo 10 us The bepoot
r. Lsv;na .o rrci moro ooId In circu.
,",;aa
H., a.. Aim. ,,o ,roJ. jo,Ia, ,v,. ma.
,.iJ;.Sai y, ,,a n,;.a ,L., s;iv.r hu,l;on
,aaa ,hsn %ss,i;n, I'm ,be s;ivsr m.rlsts M
,hs wa,ll ,ha trail dollar vas worlb
mi s0'ioo csn,s In silver. whilo two
hai, Liar. usrs worth only from be.
tween M anil nj cant.
W. ,ho I'm uasnassoJbv Conoress.
,,,n.i.;n, H. .",n.n. ~ az ,,ad. All.
".nn ~ =, .hi.,,a,J H. ,Lo
, y. .no 'y'. LII ma,.
mines 49, ,,;,h Chin 20
Ch;n" ond ,b.rs met viii the indorss.
ou. ~. nm.i.,. - ,ha, c~arr,r,
To- ~ +, fa,orahla Ii,bt vas Ana ooin
aan.;Ja,ai he An. Chinese -apibortiss.
49,, ,ha Emnsror ;.snsd 4 nroclamatiop
~ s,hs,anca ~ ,hs esr.ct NM tbo saol,
lila ~ h limited sts,es M Im,rica
sI"niI l., ,ecai ,sndsr Tor ali Inc,
III shorIl n.s, c,,,cn, ,hropcbout Inc
r'n,a. rt. Ill, -, ,his eJ;., WINS
,hn ,.aai,, .rn,t.n,.I III Nis,ican
nam. ~ Nv 2h;nsln ms,I.t
na,n, ~ ,ha nronos.J or p,c,.pdo5
,om"na,i,.,;an ~ s;Iyer In Gsrmony
~ - ~" s;i.ss ~ hr,;n, so,m IN
'nu Ia. $50 .;,... hr,,;ar
o,,n ~, ~ Wn,,a'I s,.,.s Mint 20
ei - .i"l,.us :, an a.n.,so
eV'n naV u"s un.r ~ III
oi onc cent nnu Ius''e, ,ol saeu wi
lar co'nea, ~ ,he .raue uonar was oiig,.
nniS "''"''" 'o' p" '
o"'y vrr, n y -,r oovr,x,v
1t was very uniortunaie INA INC
eiause was ADDED 70 I'M oi,, making hi
silver COINS, coined In the Onltcu btateb