The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-08-26
CHANGING MEXICAN COINS.
Values and Dcsigm VIII Probably Be
Slightly AltercAshy tho Republic.

Values and Dcsigns VIII Probably Be
Slightly AIteredby the Republic.
General Pacheco, the Mexican Min
lister of Public WoykA, has rcccntly sub
mitted to the Mexican Congress u re.
port on the proposed changes IN the
coinage with bill to carry them into
effect The report, says the Chicago
Herald, says that the design on the
Mexican dollar should be much better
as prccautlon against counterfeiting.
The present design was adopted in 1s23,
and an unsuccessful attempt was made
to improve it in 1867. That failure and
the report that Asiatic countries would
not accept the new coin impelled Con-
gress to re-cstablish the old design, which
was done so completely that the sub
stitutc bore the words 'ocho [eight
reales" instead of decimal subdivision,
while the fineness of the silver was ex
pressed in ''dinero" and ''grammes."
In order to improve the current silver
dollar ''un peso" Zone dollar) are to take
the place of "ocho reales." Instead OF
Indicating the fineness in "dineros" and
''grammes," it will be expressed by u
simple decimal number. To do so .
slight change will be made in the fine
ness, which will be O.003 instead of
o.e277. The present design will be bet
ter executed and rendered more artistic.
General Pacheco says that he would
like to reform the monetary system of
the Republic and put it on more scicn-
tific 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 new piece-2O cents.
The design of the 20, 10 and 5-ccnt
pieces will be similar to that on the dol
lar. The coming of 50-cent and 2o-cent
pieces is to be discontinued, as they do
not harmonic with the decimal system.
In respect to gold it has been deemed
cxpedient to make some important
changes. General Pacheco says: "In
the first place it is proposed to raise
the finencss fron .s75 to 900, the former
there IS no warrant. in the next pfa1ce 1;e
tuls WCulu pluSC WIZ WV III VII
ratio of to 15H, which is the legn!
ratio in several nations. Besides, this
would lessen the depreciation of silver,
which now stands in the ratio of to
iG1s."
In the interest of silver no smaller
gold piece than S5 is to be coined. The
design of the gold coin is to be improved
and altered. On the diverse it will re
scmble the silver coin, but on the re
verse will be the bust of Ilidalgo, in
order that no one may mistake u gold
coin for silver one.
Copper CONS 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,
as 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, .80S fine
and 27.O73 grammes in weight-that is,
as at present. The executive is given
ample authority to carry the bill into
effect.