'It thus appears that whilst England coined 48⅔ per cent., or nearly one-half, of the grand total from 1792 to 1851, her proportion has fallen from the first place to the last, in the subsequent period 1851 to 1866, her fresh coinage having therein sunk to 21½ per cent., or a little more than one-fifth of the total. The proportion for France was 33 per cent. in the first period, and 47 per cent. in the second. From the second place she thus moved to the first. But the advance of the United States was equally marked, and from the smallest proportion, 18⅓ per cent, in the period 1792 to 1851, there was an increase to 31½ per cent., or to the second place, in the period 1851 to 1866. 'The report from the Secretary of the American Treasury for 1868 gives more recent statistics, namely, for the years ended 30th June, 1867 and 1868. These show a gold coinage of about forty million dollars in 1867, and of about twenty-four million dollars in 1868. But in England, in 1867, the gold coined was actually less than half a million sterling, or under two and a half million dollars' worth in American coin. And in 1868 the English Mint turned out only £1,653,384 sterling, or about eight million dollars' worth in American coin. The gold coinage of France has also declined below the rate of fresh production in America. Thus America is rapidly attaining the first place as a gold coining country. And it will be a question for future time to solve, whether the English and Australian Mints, in their united working, will exceed the manufacture by the United States' Mints at Philadelphia, San Francisco, and Denver.'