198 
vAt Sankerrydroog and Ryacotta, in 
-Auguit lati, 1 obferved the thermometer, 
cat-fun-rife, when it ttood at-72°. 73°. and 
yao; atthe fame. period, at’ Madras, i 
was about 860, 
“The refule of ail the obfervations is, 
that we enjoy a fine dalubrious climate on 
the coaft.- is iied Beha eo! 
Joun CHAMIER. 
Madras, O8: 19, 1795. 

«Te the: Edtior 
ie BR; ‘ 
A es nul es remarks on the funded 
‘+ debt, the commerce, coins, and cur- 
yency of America, may probably ‘at 
thistime be accep:able to many of your 
readers. . . 
"Phe exceeding great dierence in the 
currency of the American Provinces, has 
occaficned much ~mifapprehenfion con- 
‘cerning ‘the actual price of both labour 
and provifions ; their refpective relative 
““prices cannot be Judged of by-the nomi- 
nal value of therr provincial currency, 
but require tobe calculated:by the intrin- 
fic value of the coin which it reprefents, 
and its relative value to the money of 
Europe. At New York, the dollar paffes 
fer 8s. currency, yet when they pay 
England ior the goods they import, they 
eitimate the fame dollar at about. 4s. 6d. 
fterling, or at the rate which Great Bri 
tain reckons it in exchange with Ame- 
rica.’ En New York, a labourer receiv - 
ing halt adollar, or 43. currency, wages 
per day, muft buy all tae neceffaries for 
his fubffience at the fame rate; whilft 
the labourer ‘at North Carolina, where 
the fame dollar is current only at 4s. 8d. 
‘Fecelves equal wages at only 2s. 4d. 
of ibe-Monthly Mazaxine. 
| 
American Coin, Currency, ce. 
‘other produce. 
AMERICAN COINS 
[ March, 
per day; but this by no means proves 
which of the two is able to command 
mot of the necetiaries of life; nor does 
it follow, that New York cannot afford 
to export -her produce as cheap as North. 
Carolina, provided there are no other 
local caufes, which operate to enhance 
their coft; for notwithftanding the vaft 
difference in the valué of their currency, 
it will'only have a mére nominal opera- 
tion. upon either labour, provifions, or 
The prefent ftate “of America, both 
mn refpect’ of population and capital, is a 
greater impediment to the progrefs of 
her manufactures, than the price of -la- 
s-bour.~ It is:more to her intereft to em- 
ploy the capital fhe draws from her 
credit (principally with this country). to. 
promote her agriculture ; for her, there- 
fore, to undertake for many years to 
come to manufacture for herfelf, would 
tinder her increafing population, and 
deprive her of the capital fhe now pro- 
fitably bettows upon the cultivation of 
her land, and raifing from her foil a va& 
variety of produce, to give in exchange 
‘for the commodities fhe wants. 
~The impolicy of Europe, and of this 
country in particular, by puifuing a fyf- 
tem unavoidably calculated te mereaie 
the population of America, and to di- 
minifh their own, to enhance the prices 
both of labour and provifions; will pro- 
‘bably oblige America to anticipate her 
manufactures, and by the dearnefs of the 
markets the uled ta be fupplied from, 
make it more praéticabie for her to at- 
tempt the introduction of fimilar manu- 
factures. 
ANB CURRENCY. 

&, = Gorp Corns. Pure Gold. © Standard, 
Eagles, value each, 10 dollars = 247, grains = or 270 
Half Eagles as 5 ditto = 123% (about22s, ferl.) or 1 35 
Eig: ae : 
Quarter Eagles = 2, ditto ak 612 - or 675 
SILVER COINS. - Standard, 
ai 14 4 ; 3} AL te 
Dollais, containing 37.176. PETE filver ef 416 
Half, ditto 18519 (about 2s. 3d. fterling) a . a 
Quarter, ditto g2i3 - - ah = A rep, Gaye 
Di i 72 it s+ fterling) = ws = 
Diimes, ditto 372, or 3 (about 5> : g 4r 
Half, ditto 18% OF 25 - ee - ~ 203 
; CoprrER Coins. 
Cents, value = 340 of a dollar - = ~- 20S8grs. 
Half Cents, 4 a ditto s sie * bs 104 
He FouR AMERICAN CURRENCIEs, 
New England New York | New Jerfey South Carolina 
Vermont North Carolina — | Pennfilvania Georgia 
Virginia | Delaware 
Kentuckey Maryland 
Valse of doliar, 6s. - j 8s. = 7s. 6d. { 4s. 8d.cur, 
aos. currency-is, 158. fterling i 11s. 3d, itere 12S. fter. . Ts. fter. 
ag a oP Los A ~ en ¢ rd MA ae : 
Walne of £100. fterling, £.539) [44775 = £1663 £10389 cafhcur, 
; COMPARATIVE 
