Page images
PDF
EPUB
[blocks in formation]

The following is a statement of the amount paid to customers at the mint, since the commencement of the coinage under the new law, creating a seniorage on the silver currency, with the denominations and ratio per cent. on the value, up to January 1, 1854.

[blocks in formation]

As an enormous amount of 3 cent pieces was coined and issued immediately antecedent to the above issue, and as the mint has been occupied for years upon copper, it may be supposed that the demands for these coins have been supplied.

A new ratio, including the whole of the 3 cents, and 5 years of the copper coinage, will give the following result.

[blocks in formation]

The following Table embraces the whole coinage, under the new

[blocks in formation]

The above Tables appear to support, as satisfactorily as could be expected, the theory advanced in previous parts of this paper. The discrepancies are noted, and accounted for as follows:

The half dollars have been in demand, and coined slightly in excess, because there are a considerable number of Spanish American quarters in circulation.

The quarter dollars have been likewise coined in excess, because an immense number of the old Spanish American reals (124 cent pieces) are still in circulation; and thus causing a less or reduced demand for dimes.

The half dimes fall very far short of the theoretic proportion, because large numbers of the Spanish half reals (61 cent pieces) are still in circulation, and, also, because the 3 cent pieces are consi. derably in excess, and thus serving instead of the half dime.

The largest deficiency is in the cent coinage. This is to be expected, because this coinage has been continued through a long series of years, and the yearly coinage may be only sufficient to maintain the necessary supply or stock in circulation.

The results which have been thus far developed by this examination, appear to support the theory; at least there does not appear to be any discrepancy in the demands at the paying counter of the mint, with the theory, that is not accounted for by the existence of foreign

coin of small denominations now in circulation; which it is difficult to withdraw because they pass by tale for much more than their intrinsic value-a practical seniorage, from which there is no benefit to any body, and much embarrassment in the phraseology of our money, especially to foreigners.

Stated Meeting, April 6.

Present, twelve members.

Dr. DUNGLISON, Vice-President, in the Chair.

Letters were read:

From Don P. de Angelis, dated Montevideo, Dec. 1, 1854, and from Dr. N. B. Shurtleff, dated Boston, March 14, 1855, announcing donations for the library: and

From the Royal Academy of Sciences, at Turin, dated Nov. 24, 1854, returning thanks for Transactions and Proceedings of this Society.

The following donations were announced:

FOR THE LIBRARY.

Proceedings of the Boston Society of Natural History. Vol. V. No. 7, 8, 9. Feb. March, 1855. Boston. 8vo.-From the Society. Proceedings of the Academy of Natural Sciences of Philadelphia. Vol. VIII. No. 7. Philadelphia. 8vo.-From the Academy. The African Repository. Vol. XIII. No. 3. March, 1855. Washington. 8vo.-From the American Colonization Society. Journal of the Franklin Institute. 3d Series. Vol. XXIX. No. 3. March, 1855. Philadelphia. 8vo.-From the Institute. Records of the Governor and Company of Massachusetts Bay in New England. Printed by order of the Legislature. Edited by N. B. Shurtleff, M.D., &c. &c. Vol. III. 1644-1657. Vol. IV. Part 1. 1650-1660. Boston, 1854. 4to.-From the Editor. Twelfth Report to the Legislature of Massachusetts, relating to the Registry and Returns of Births, Marriages and Deaths in the Commonwealth, for the year ending Dec. 31, 1853. By Ephraim N. Wright, Secretary of the Commonwealth. Boston, 1854. 8vo.-From N. B. Shurtleff, M.D.

Twenty-second Annual Report of the Managers of the Pennsylvania

Institution for the Instruction of the Blind; together with Dr.

Dunglison's Letter on the Blind and Institutions for the Blind in

Europe. Philadelphia, 1855. 8vo.-From Dr. Dunglison. The Eye in Health and Disease; with an account of the Optometer

[ocr errors]

for the adaptation of Glasses for impaired, aged or defective sight; being the substance of Lectures delivered at the Central London Ophthalmic Hospital. By Alfred Smee, F.R.S., Surgeon to the Bank of England, &c. &c. London, 1854. 8vo.-From the Author.

De la Navigation de l'Amazone; reponse à un mémoire de M. Maury, Officier de la Marine des Etats Unis:-par M. de Angelis. Montevideo, 1855. 8vo.-From the Author.

Natuurkundige Verhandelingen van de Hollandsche Maatschappij der Wetenschappen te Haarlem. Achtste Deel. Haarlem, 1853. 4to.-From the Holland Society of Sciences at Haarlem. The Astronomical Journal. Vol. IV. No. 10. Cambridge, March 23, 1855. 4to.-From Dr. B. A. Gould, jr., Editor. Report of the Select Committee of the Senate of Pennsylvania, in relation to the progress and present condition of the State Geological Survey. Harrisburg, 1855. 8vo.-From Eli K. Price, Esq. Speech of Eli K. Price, Esq., on the bill entitled "An Act relating to Corporations and to Estates held for Corporate, Religious and Charitable uses," in the Senate of Pennsylvania, March 21, 1855. Harrisburg. 8vo.-From the Author.

Catalogue of the Miscellaneous Library of E. D. Ingraham, Esq., sold March, 1855, by M. Thomas & Sons. Philadelphia. 8vo.From M. Thomas & Sons.

The Florist and Horticultural Journal. Vol. IV. No. 3. Philadel phia. 8vo.-From H. C. Hanson, Editor.

The Plough, the Loom and the Anvil. Vol. VII. No. 9. March, 1855. New York. 8vo.-From Myron Finch, Editor.

The American Journal of the Medical Sciences. No. LVIII. New Series. April, 1855. Philadelphia. 8vo.-From Dr. Isaac Hays, Editor.

Documentos, relativos a la Mision del Honorable Sr. Don Tomas Hood, Agente Especial del Gobierno de S. M. B. cerca del Gobierno de Buenos-Aires, encargado de las relaciones exteriores de la Confederacion Argentina. Buenos-Aires, 1846. 4to. From Don P. de Angelis.

Descripcion de la Nueva Provincia de Otuquis en Bolivia. Por Mauricio Bach, Secretario del misma provincia. Buenos-Aires, 1843. 4to.-From the same.

Historical Sketch of Pepys' Island, in the South Pacific Ocean, from the work on the Rio de la Plata: by P. de Angelis. BuenosAires, 1842. 8vo. From the Author.

Mr. J. R. Tyson, pursuant to appointment at a former meeting, read an obituary notice of William Peter, Esq., a deceased member of the Society.

William Peter was born on the 22d March, 1788, at a country place, called Harlyn, the seat of his forefathers in Cornwall, England. He was educated at Christ Church, Oxford, where he graduated as Bachelor of Arts in 1807, and became Master of Arts in 1809. He studied law and was called to the bar by the Society of Lincoln's Inn, on the 28th May, 1813.

Mr. Peter seems not to have been long engaged in the courts, as a legal practitioner, but succeeding to the paternal estates upon the death of his father in 1821, he devoted his time between literary and domestic pleasures, and the discharge of those duties which devolved upon him as deputy warden and deputy lieutenant of the county.

Upon the death of his father-in-law in 1825, he removed to his wife's place, called Chiverton, in the same county, where he continued to reside for eight years. Here he acted for several years as a county magistrate, chairman of the Quarter Sessions of Cornwall, and chairman of several political bodies known as reform associations.

In 1832, after the reform act had enlarged the constituency, he was elected to Parliament for Bodmin. This reform he contributed to effect by unprecedented exertions in Cornwall. The opposition he met with was commensurate with the magnitude of the interests involved in the contest. Such was the inequality of representation under the borough system which Mr. Peter aided so much to destroy, that Cornwall alone returned only two members less to Parliament than the whole of Scotland. He was the life and soul, the mind, tongue and pen of the reform party in that county against a host of talent, rank and wealth, arrayed against him. Owing to the ardour and impetuosity of his character which admitted of no compromises with his opponents, he became as much the mark of the tories as he was the idol of the whigs. His popularity was such, that though the election for the borough was contested by three candidates and all of liberal politics, Mr. Peter was returned, without expense to himself, by a large majority.

After the dissolution of Parlament in 1835, Mr. Peter did not again appear in public life. He withdrew to the continent, where he held

« PreviousContinue »