New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-30
AN INTERNATIONAL COIN.
TIE COMMISSIONERS TO SIT AGAIN THIS
WEEK
DIFFICULTIES TO BE NET AND OVERCOME
GREAT DIVERSITY OF SILVER COINAGE
DESIRE TO REACH PRAC-
TICAI, RESULT.
fBY TELEGRAPH TO TIE TEIBrNE.1

DESIRE TO REACH \ PHhC-
TICAL RESULT.
fBY TELEGRAPH TO TIE TEIBrNEl
Washington. March 20.-Thc Commission recon-
mended by the International American conference |"
consider tho subject of an international coin or CONS
is 20 hold another session in Washington 'ils "ecN
The deliberations of The Commission are secret but u
* understood that little progress has been made toward
tho result which the International Conference appa'
entity favored and hoped to see accomplished Inc'v
arc many difficulties In the way OF an Hglcchc"' s"'0
of which may prove to be Observation-Disclosures despite INC
fact that there IS strong sentiment IN MeN'o. az
well as in many Of the Central and South American
republics, in favor Of the adoption Of an n"er"a"o''"
coin. As all Of those countries. with two or thfec
exceptions have the single silver standard, II i as
sumed that the international coin, If one be established
will be Of silver
While the total amount Of coined Silver IN all 'i'e
American Republics south Of the United STATES j"
Guiding the spanish West Indies, Is small coparcu
with that In the Unit,d states. being only S''oooVo
according TO an official estimate maze by DHco'o'
Ieecl Of the Mint Bureau. in Januaw, lo"l' IL
represents large numb n OF coins Of different denomha
tons and varying weight and degrees OF fncn2sS none
of which with the standard silver dollar o Tue
Untd states. As rule the ratio OF silver u go'd Is
10 TO /, while In the United states 1t Is 10 10
In the estimate above mentioned the DISRUPTION oi
coined silver is as follows Mexico, $10OOOOoO; Ten
OOOO0O: Haytl, Cuba, etc. S2.OO0Coo
The last quarterly valuation CT foreign standard
coins By the Director of the Mint in pursuance Of the
act of October l. $50. made January l. lc0l Inc
decline IN silver since that date has, OF course.
affected the value O. all standard silver coins, as VIII
be shown in the forthcoming circular Of April !.
According TO the last valuation, the peso of the
Argentine Republic /, worth 0G.5 cents; the milrcls
Of Brazil 5iG cents the peso OF Chill, 01.2 cents:
the gourdc Of Iayti. 05.6 cents: the dollar of Mex
leo s3.I cents; the bolivar of Venezuela lo1 cents
the bClvian0 Of Bolivia, the peso o. Colombia ana
Of the Central American Statcs-fosta Rica. Giite
maia Honduras, Nicaragua aad Salvador-the sucre
OF Ecuador and the sol of Peru we're valued at
I'll cents each all being Of the same weight and
hncness. At the same time, the peso Of Cuba was
yalucd at 026 cents. without including Cuba, here
are seven standard silver coins wnch differ In weight
fncncss or both from each other: as wen as ir9
the standard silver coin Of the United states The
hve-bolivar piece Of Venezuela Is valued at - cents
showing that in weight aud fneness It probably orr
and the peso Of the Central American states, Dut tle
double mlcis Of Brazil which contains ;'0i' Ers
As before stated there Is largo variety OF silver
coin, differing in weight and fnene>s In Mexico, for
example. within few years the three silver COINS OF
siatu, Of a standard ounce of silver, computed at
~ 10. the value Of a Mexican peso OF MaNlrlah'
which O.9O35 fine, was SlO51: the N9!lc OF lit
average Mexican dollar. oo0l hnH wa ~ o02' ana
the value Of the new Mexican dollar, O.!0j hnc. was
~ O6G At the time. the Peruvian sol. Weighing
O.-O3 Of and O.9OO fine. was valued AT or:-
cents: the Peruvian dollar of lo5>, weighing OLD
Of and OD09 fine. was valued at 04.7 cents ;
and the old dOlU. weighing O.SG6 OF an ounce ana
OOOI fine was valued at II .O6 In Colombia there have
been lwec issues of dcbaSed subsidiary silver COZ" OF 3oo
degrees hneness the standard being 900. In Ecuador,
where the monetary unit the Sucr. Is equal III weight,
nrcness and value TO the standard peso OF COLOMBIA
and tLc Central American states. there has been a
heavy influx Of abraSed and light weight silver coins
from other countries which has caused great complaint
The foregoing examples may serve 10 indicate some some
Of thr practical difficulties with which the Inernatlonai
Coinage Commission has TO deal II ought to be ADDED
that most OF the Governments concerned have evnced
. desire 20 reach practical result which VIII be salts
factory 10 all.