Embassy to the Eastern Courts of Cochin-China, Siam, and Muscat: In the U. S. Sloop-of-war Peacock, David Geisinger, Commander, During the Years 1832-3-4Roberts, Edmund
History
Embassy to the Eastern Courts of Cochin-China, Siam, and Muscat: In the U. S. Sloop-of-war Peacock, David Geisinger, Commander, During the Years 1832-3-4
Roberts, Edmund
Southeast Asia -- Commerce; Southeast Asia -- Description and travel
The value here given for the tael, in sterling money and dollars, is
not the exact value: and it is difficult to ascertain, owing to the
ignorance of the Chinese, of such money among other nations. The value
given to the tael in the sterling money, is that which is found on
the books of the East India company: that given to the dollar, is the
extremes of its value.
[Sidenote: COIN.]
The only coin of the Chinese, is called _cash_, (or _le_,) which is
made of six parts of copper, and four of lead. The coins are thin and
circular, and nearly an inch in diameter, having a square hole in the
centre, for the convenience of tying them together, with a raised edge,
both around the outside, and the hole. Those now in use, have the
name of the emperor stamped upon them, in whose reign they were cast.
Notwithstanding their little value, they are much adulterated with
spelter; yet, on account of their convenience in paying small sums, and
for common use, they generally bear a premium, and but eight hundred
and fifty can commonly be obtained for a tael. The use of silver coin,
however, appears to be increasing among the Chinese, as by recent
accounts, we learn that silver dollars have been made in Fuh-keen and
other places, contrary to the laws of the empire.
Bullion is rated by its fineness, which is expressed by dividing the
weight into a hundred parts, called touches. If gold is said to be
ninety-four or ninety-eight touches, it is known to have one or two
parts of alloy; the remainder is pure silver metal; is estimated in the
same manner; and without alloy or nearly so, is called sycee, which
bears a premium according to its purity; the most pure sycees are equal
in fineness to the _plata-pina_ of Peru, which is now principally
imported by vessels of the United States, engaged in commerce to
the Spanish ports on the Pacific. It is cast into ingots, (by the
Chinese, called shoes, from their shape,) stamped with the mark of the
office that issued them, and the date of their emission. It is used
to pay government taxes and duties, and the salaries of officers. The
ingots weigh from one half, to one hundred taels, and bear a value
accordingly. _Sycee_ silver is the only approach among the Chinese to
a silver currency; gold ingots are made, weighing ten taels each, and
are worth between twenty two and twenty-three dollars; but neither
gold ingots, nor doubloons, nor any other gold coin, are used as money
among the Chinese. Great caution should be used in purchasing ingots or
bars of silver, as they are subject to many adulterations, and are not
unfrequently cast hollow, and filled with lead, to complete the weight.
In fact, every species of fraud is practised by the dealers in bullion.
The only weights in use among the Chinese, besides those of money, are
the _pecul_, (tan,) _catty_, (kin,) and _tael_, (leang.) The proportion
these bear to each other, and to English weights, is exhibited in the
following table:--
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