LINCOLN, Consul to William H. Seward, March 9, 1878
Mr. Lincoln to Mr. Seward.
March 9, 1878.
No. 9.]
Sir: I had the honor to receive your dispatch No. 31, of 5th February, 1878, regarding the weight and circulation of the United States trade-dollar, on the 4th instant.
Inasmuch as this coin is taken here at its actual fineness (900), I do not think it would be advantageous to have another assay.
Some months since, the German consul wrote me on the subject of assaying the coins in circulation here, as per copy of his letter marked “Inclosure No. 1.”
After due consideration and consultation with my colleagues, I wrote him as per inclosure No. 2.
Regarding its circulation, I wrote the Department some time since, as per inclosure No. 3.
I am convinced that the trade-dollar is gradually increasing in circulation; that it is better liked than the Mexican. I find that in cases where money is hoarded up or laid by by the natives the trade-dollar is invariably selected.
Believing inclosures Nos. 2 and 3 give my views fully on the subject,
I have the honor to be, sir, your obedient servant,
Consul.