Extra! Hong Kong Daily Press, Apr.18, 1874, Trade Dollar In China –Success!- Demand Exceeds Supply!

JCH22

lermish

Neat!

johnny9434

way cool, nice find as well

WillieBoyd2

Here's the article text:

THE AMERICAN TRADE DOLLAR IN CHINA
Hong Kong, Saturday, 18th April 1874

The demand for the new American trade
dollar for export to China continues to increase,
227,000 dols. of that coin having been shipped
from San Francisco from the 1st to the 16th
Feb., against the coinage at the mint in that
city during the same time of 167,000 dols., the
demand being in excess of the supply. The
successful introduction of this coin into China
is, according to the New York Herald, working
important changes. San Francisco merchants
and bankers have instructed their correspondents
in Mexico to send them gold instead of
Mexican dollars as heretofore. Within a few
days a deposit of gold leaf made in Hongkong,
weighing 1,200 oz., was made at the San Francisco
Mint, and indicates the displacement of
English and American gold coins now in China
by the trade dollar. The Director of the Mint
at Washington is of opinion that if the appropriations
were sufficient to run the mints to
their full capacity, without which the existing
demand cannot be met, and the gold coinage
charge abrogated, the bullion and coinage
operations of the United States, which have
been very largely increased during the past ten
months, would be still further and permanently
augmented, and would be followed by many
advantages to the public interests. --
Pall Mall Gazette

Manifest_Destiny

You've posted some cool articles lately. Good stuff!

golden

Very cool article.

JCH22

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