The Japanese commissioners insisted that our coin was but bullion to them, the effect of which is to put our silver dollar, so far as payments in Japan are concerned, precisely on a level with their silver ichibu, which weighs only one third as much. Our gold coins, compared with their gold coins, stand better, the relative weight of our gold dollar and their gold ichibu being as 65.33 to 52.25; but as the copper hundred-kas piece is their standard, and as its value in relation to gold is rated so much higher than with us, our gold dollar, estimated in this way, becomes worth only eight hundred and thirty-six kas, or little more than eight and a third hundred-kas pieces, or not much more than half an ichibu; the effect of all which is to give the Japanese government, through whose hands all payments are made, a profit, after recoinage, of sixty-six per cent, upon all payments in American coin. As the Japanese commissioners would not depart from this scheme, the commission dissolved without coming to any agreement on this point. But the supplies furnished to the squadron were paid for at the rate insisted upon by the Japanese; nor can private traders, as matters stand, expect any better terms. The rates of pilotage at Shimoda were fixed at fifteen dollars for vessels drawing over eighteen feet, five dollars for vessels drawing less than thirteen feet, and ten dollars for those of intermediate size; only half of these rates to be paid in case of anchorage in the outer harbor. Water was to be furnished at fourteen hundred kas the boat-load, the ship finding casks. Wood was to be delivered on board at seven thousand two hundred kas per cube of five American feet. The price put by the Japanese upon a few tons of inferior coal, brought to Shimoda, amounted, at their rate of exchange, to twenty-eight dollars the ton. It did not appear that coal was anywhere else mined except at the spot visited by Kämpfer and Siebold near Kokura, and another mine in the province of Awa, in the island Shikoku. The business thus completed, a parting entertainment was given on board the “Mississippi”; and, after an interchange of presents, the vessels on the 26th of June took their departure. Stopping at Lew Chew, Commodore Perry negotiated a compact with the authorities of that island, which, from all the information he could obtain, he concluded to be a nearly independent sovereignty. Within fifteen days after Commodore Perry’s departure from Shimoda, the clipper ship “Lady Pierce,” from San Francisco, fitted out for the express purpose of being the first American ship to arrive in Japan after the opening of commercial relations, entered the bay of Yedo, with the owner, Silas E. Burrows, on board.