British Quarterly Review, American Edition, Vol. LIII: January and April, 1871Various
History
British Quarterly Review, American Edition, Vol. LIII: January and April, 1871
Various
English periodicals
Although during the deplorable struggle between Germany and France
public attention has been of necessity mainly directed to the conflict,
yet it is impossible, for many reasons, to do otherwise than regret this
concentration of interest. The last session of our Parliament was
fertile to an unusual degree in measures of public utility and
importance; but it is not too much to say that the difficulties incurred
by several of these measures in their passage through both Houses would
have been greatly enhanced had the engrossing events which have recently
agitated all Europe occurred at the time. The only satisfaction which
can be obtained in contemplating, even from a distance, the misery
inflicted on such countless thousands, arises from the hope that when
the last echoes of the strife have faded away, a peace, firm and
durable--durable because based on sound principles--may link together
those nations who are now suffering from the effects of the struggle.
Till this is the case, the evils arising from the war will not be
confined to those actually engaged in it. Meanwhile, it is really no
slight misfortune that many subjects, not unimportant to the country,
should fail to obtain the attention which they would otherwise have
received, in consequence of the superior interest of the central
European crisis.
Professor Jevons' remarks at the late meeting of the British Association
at Liverpool, on the manner in which points of importance were thus
swamped, will not readily be forgotten by those who heard them. Among
other subjects, the Professor instanced that of an international
coinage, which, after having received considerable and careful
attention, had receded for a time from that prominence which it
deserved.
In this country, the question has been considered from two points of
view--the one taken by those who are desirous to adopt a universal
system of coinage, as well as a universal system of weights and
measures; the other, by those who are aware of the present and
increasing deterioration of the gold coinage of the country, arising
from the number of coins deficient in full weight which are now in
circulation.
Neither of these points have escaped the notice of the active mind of
the present Chancellor of the Exchequer (Right Hon. R. Lowe). He has
become aware that many of the gold coins now in circulation are below
the legal tender weight; that the opportunity of a considerable
re-coinage might be made use of to assimilate the weight of gold in the
sovereign to that contained in twenty-five francs, and that in doing
this the expense incurred in the coinage of gold might, by means of a
seigniorage, be spared to the country.
To explain these points, it will be well, in the first place, to refer
to a report of the then Master of the Mint, and Colonel Smith, late
Master of the Calcutta Mint, in reply to the question put by the
Chancellor of the Exchequer--
Public-domain text, read in full here on John Shaqi.
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