Daily independent. [volume] (Elko, Nev.) 188?-1915, 1891-03-27
CHANGING MEXICAN COINS.

Values and Designs Will Probably BE
Slightly Altered by tho Republic.
General Pacheco, the Mexican Min
lister of Public Works, has recently sub
mitted to the Mexican Congress 4 re-
port on the proposed changes in the
coinage with q bill to carry them into
effect. Tho report, says the Chicago
Herald, says that the design on the
Mexican dollar should be much better
Us prccautlon against counterfciting.
Tho present design was adopted in 1928,
and on unsuccessful attempt was made
to improve it in 1867. That failure and
the rcportsthat Asiatic countries would
not accept the new coin iIpcllcd Con-
gross to rc-establish the old design, which
was done so completely that the sub
stitute bore the words "ocho [cighti
rcalcs" instead of decimal subdivision,
while The fincncss of the silver was cx-
pressed in ''dincro" and ''grammcs."
In order to improve the current silver
dollar "un peso" Zone dollar) arc to take
the place of "ocho rcales." Instead of
indicating the flncness in ''dincros" and
"grammcs," it will be expressed by n
simple decimal number. To do SO
slight change will be made in the fine
ness, which will be O.0o3 instead of
O.O277. The present design will be bet
ter executed and rendered moro artistic.
General Pacheco says that he would
like to reform the monetary system of
the Republic and put it on a more scion
tiflc basis, but he has decided to make
only these changes, because the Mex
lean dollar is not only the basis
of the National coinage, but it is
also quoted in the principal markets
of the world and is current in Asiatic
countries and even in some of the Antil-
= les. AS regards small currency, it is
proposed to coin n now piccc-20 cents.
The design Of the 90, 10 and scent
pieces will be similar to that on the dol
lar. The coming Of 5O-ccnt and 25iccnt
pieces is to be discontinued, as they do
not harmonic with the decimal system.
In respect to gold it has been deemed
cXpcdicnt to make some important
changes. General Pachcco says: SIN
the first place it is proposed to raise
the fincncss from .ST5 to 900, the former
grade being IN exception for which
there is no warrant. In the next place
this would place the two metals in the
ratio of l to 1871, which is the legal
IdIlO III StNCIi1 llilClOLS' DC3lItSS, IlllS
would lessen the depreciation of silver,
which now stands in the ratio of 1 to
1917"
II the interest of silver no smaller
gold piece than S. is to be coined. The
design of the gold coin is to be improved
and altered. On the diverse it will re-
semble the silver coin, but on the re-
verse will be. the bust of IIidalgo, in
order that no one may mistake n gold
coin for n silver one.
Copper COINS will bear on the diverse
the National arms, as on the silver dol
lar. The executive is to be empowered
to use bronze instead of pure copper,
rs it wears better and is not likely to
be melted down for use in the arts.
The bill which General Pacheco has
prepared declares that the monetary
unit shall be the silver dollar, 1908 fine
and 27.073 grammes in wcight-that is,
as at present. The executive IS given
ample authority to cnrry the bill into
effect.
A Woman in tho Noon.