The Archive · 1877

from England and America

Tt is with unmingled concern and regret than formerly? Perhaps it is for the reason by them upon Foochow currency is much less that your Memorialiats have contemplated that the discount cannot so well be borne. the threatened withdrawal of the most useful There is " growing disposition to diminish one dollar notes from circulation, the wisdom of margins, Things are more fine-drawn every which action on the part of the Home Government your Memorialists are entirely unal day, and the Chines, aa they become more fuential, are becoming in proportion the comprehend; and they believe that your Ex: more exacting. The resistance of the bullion cellency will in no way aid it that which they can only regard as rotrogreasive legislation, if discount is, ono of the tradal features of the it tends to the encouragement of the deface-It is considered by some that the best ment of the clean dollar currency, upon which mannerofarrangement is by a compromise; and the banks have, it is understood, determined lection of moderately chopped coi compradores are in future to acc by the iorgstel yard used by jing and tes 4 In it for a moment to be sup. posed that the present difficulty will be thus offs, also that you got over? It may be for atime, but those ecimen dollars and, broker who have had most to do with thie business Which constitute th know perfectly well that such an. agreement these handsome coin can only be regarded as binding for a brief Vise small, broken pi period, the fact being that the very men who ing to be weighed and minutely examined to abet the qu: i lions. detect spurious admixtures, form a wretched

Text read from the printed page and cleaned; old type leaves the occasional error.

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