Letter

COLBY, Consul to William H. Seward, March 12, 1878

[Inclosure 9 in No. 19.]

Mr. Colby to Mr. Seward.

No. 69.]

Sir: In response to the inquiry made in your No. 27, in regard to trade-dollars, I beg to say that there are none in circulation at this port, and from the best information I can gather on the subject, any effort to introduce them commercially would be attended with a considerable loss to the introducer, as they would not be received, except at a discount of at least 5 per cent. as Compared with the Mexican dollar, now in universal use here.

I am, sir, your obedient servant,

J. C. S. COLBY,
Consul.
Sources
FRUS u2014 Papers Relating to the Foreign Relations of the United States, Transmitted to Congress, With the Annual Message of the P View original source ↗
U.S. Department of State, Office of the Historian. Papers Relating to the Foreign Relations of the United States, Transmitted to Congress, With the Annual Message of the P.