Show THE TRADE DOLLAR arnt mt i W 5 0 ar 4 ra uc Lf olAr is is 11 not ot ill the C iba lar larf ao our d daddies the fhe latter is is now everywhere received at its full t face value vahie in payment of nil all kinds 1 of and for debts oava I 1 1 r noil ria us s aklipi n add as deposits in the t I 1 ie 1 i akings 4 0 and an tt d ri nacional na V atio 1 ional nal ban banks 6 of f the country f the trade dollars have been sources or pleasure and annoyance xe t profit bolit and iti lo 10 1 S pleasure and al i I 1 I 1 ill ciofu of it to those who paid them at par value raltie and annoyance and loss to numbers of working people who jiabo hadbo part with hem ata discount to creditors the trade doll dollar tr issi isa being of western creation fill I 1 and was originated by tho the late dr Lindet linderman nian director odthe united unite d states mint and the tile late william C formerly president of the california bank and chos 6 untimely death by drowning in ili the lie sail salt francisco bay caused so muc much I 1 i excitement and surprise in ili 1875 the trade dollar was first coined ill 1 july 1873 1 11 and contained more silver than the united stated silver dollar the for former being s e grain granof gra 1 nsf 19 n and id the latter latie I 1 being grain grains aro troy y weight the trade t EA doll lolar la arwa wa i made a legal tender to the tile amount of ofa 5 but no lie more at an any y ono one payment but this wae was of but short duration ae tho treasury I 1 department declared it was a rul of some clerk in listing listin 9 the in thai thal section and congress subsequently declared that kind of money was not legal tender mr linderman said the tile trade silver dollar was intended I 1 expressly presly ex for export and thatis that it did not have any fixed value corni spared pared with gold and that it was not in any sense of unit account I 1 although alt houch it was when J more than anc hundred canta tile trade dollar was circular circulated 1 extell sivel y ld very 1 I N many of them C found their way to this fity and were frequently the of amusement and vexation A 4 son sometimes e t im es when a person thought though 1 1 C ho lie had received anew a new coined sil oil 14 y ver dollar worth to him ono one hun dred cents hokoon after discovered i ait y it was a trade dollar worth only 90 cen cents is the largest portion of these coins however fell fill into the hands of an t s in ind d were sent N I 1 to china and were extensively cir through the celestial empire I 1 as es u a means of trade trad q na nn d ex 1 change bus incas and served many useful purposes in ili that counti country y I 1 I 1 mr linderman va was of the opi opinion dion that if authority had been given to coin coill fifty filly twenty five ten tell and five cent pieces of the saine standard etan dard they would have found a ready market at lie the diffie rent commercial I 1 io grai V lually IP worked 4 Z their i I 1 way into the tile interior of the empire lethis trade coinage 4 1 i dentally nord nal nfl ord j protection protection to our mining minin 11 inhere in leret ti it could hardly Is re 1 ardear otherwise than at hougil national na lional policy thu the last of alic chesil silver ver dollars do allars were coined in ill api april il 1878 when the united I 1 abates tate i silver dollar 11 grains were ivere gain again issued is L med and havo have I 1 sill binchi 1 I been WH in constant circulation atan undre d eg a legal ten tender der for fbi payment off of nil ni I 1 debts I 1 1 I 1 waa much interested int created I 1 1 in ill keeping tile trado trade dollar in circulation i cu lation the merchants of that state for exportation aai I 1 Pran francisco cisco bulletin odthe of the I 1 0 ah alt dinst iii in an article on tins this sub ab I 1 eject has the following a I 1 0 in 1871 sir mr linderman favored I 1 the trade dollar on govern i I 1 mint account anil awl making it a legal i J I 1 bouder ill up to i ia or the tile report odthe of clift Dinc tor abr for 1816 77 refer refers I 1 glowingly to 0 o tile popularity of the trado dollar in china and the fact that they were worth two ier per cent more than mexican dollars in san Fran francisco clied in lit hie the sanio same vearY vear japan apau commence ld clinine a doll dollar arof of the same sanse weight and fineness as the 1 american trade dollar owing to the 4 fay piat dollar had been found in domestic circulation in 18 1877 7 7 tho coinage was temporarily intermitted by bythe alie secretary in tile connection conn clr landerman says there aro are weighty weight reasons why the tile itrice 11 not be ai butaitis but bu afis hardly whilo ta state them bince the law provides viry very clearly that they shall le be coined only to meet tho tile export demand the last laa official ciul of lind I 1 orman 19 director of the mint alint was that for the year ending june e 1878 written on nov lot in that year in ili this report he li refers at length to the trade dollar dol lir and abe the favo favorable rabi 0 manner in which it had been recel V I 1 I 1 17 ed ei in china giving extract extra cst of letter froin from the hong kong and shanghai banking corporation of island 1 the oriental bank in conil confirmation mation thereof in the fall of 1877 legal tenders had so far j appreciated to the gold standard that it became profitable to exchange trade dollars for them and in that way lie the latter got into domestic circulation the department endeavored deavo red to stop 1 this by temporarily inter i kitling their coinage coin aee this th ls was v as in ili october 1877 in the tl e following month the intermitting inter nitin order was m withdrawn on oil the tile representation ben sen tation of parties in san francisco that the coin was wanted fer export abroad but nil all were not true to these representations arid arld on february arya 22 1878 an all order was issued for the 7 final discontinuance of tile receipt for returns in trade dollare dollars at the western mints this order lias has never been revoked reo ked settlements were allowed allo ed against deposits that had been reee received ived and the last trade dollars were coined coin e d at philadelphia in december 1877 and at san francisco in m april ISM 1878 the total tot al about of trade trado dollars struck off was 50 these were made at t the lit annexed mints in ints for the tie I 1 fiscal years designated I 1 J san francisco francis eo cargon carson ulilla SIUt 1 WU wa 7 tx 1873 1875 12 isert 1 11 aw 2 W 1877 sr 11 im bua wo s va 82 11 k li to 2 totals Total boj w 0 our western contemporary thinks the government made a 1 I mistake when it stepped the coining of the trade dollar for the china trade and other purposes ws aa as it gave tile mexicans nud and others an all advantage over oyer us its in their mining operations scheming brokers s are bained for its |