GOLD.
"Pitt money in thy purse."—SnAssraaan.
THE time is fast approaching when the Country Bankers w;!1 cease to reissue their notes under five pounds. It is gratif}:ng to know, that most of the respectable bankers have made such preparations to meet this crisis of the currency, that when it comes it will hardly be known that. any crisis has arrived. Before it comes, the country will be " irrigated*" with gold. To quicken this process, the Government, by new regulations ml arrangements at the Royal Mint; offer additional facilities and inducements to private individuals to send gold bullion to the Mint to be coined. Formerly, the importer lost many days before the bullion which he deposited was paid back to him in money. By the new plan (originally suggested, we believe, iv the laic: Mr. MustiET,) it is understood that the Government is to lieep constantly in the coffers of the Mint an ample supply of gold ready coined ; and the depositer of ingots will receive, without. 1 he slightest charge, their full intrinsic value, in standard money of the realm, as soon as the intrinsic value of the bullion is ascertained
* Mr, Canning's metaphor.
hy 1 he assay. We speak with some authority when we affirm that the assay may be made in twelve hours ; although (whether from the inactivity of the acids used, or of the actors in using them, is best known to the proper officer) that process has sometimes consumed a fort ni gl rt. The whole efficacy and advantage of the project will depend epon the celerity with which this important duty is executed. In some large transactions—such as the immense speculations of Mr. itortischno, for example—the delay might occasion a difference of many hundreds of pounds. We have said that the assay may be made in twelve hours; it has been made—namely, during the panic in 1 ce25, when the Mint produced nearly a million of sovereigns in nine days.
The new regulations began to he carried into effect on Monday last. We have little doubt that the measure will answer the end of raeldly providing a golden circulation to replace the suppressed With favourable exchanges, gold will flow into the country ; coin at ail times bears a higher value than bullion, specuejll make a considerable profit in its traffic.
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