Your success in obviating the difficulty of coining gold containing
a minute portion of antimony or arsenic is a benefit to this
department, which calls for my most grateful thanks. In recognition
of your services I have the pleasure, with the approbation of the
Lords Commissioners of Her Majesty’s Treasury, to present to you the
sum of one hundred pounds, for which cheque is enclosed.
I have the honour to be,
Dear Sir,
Most faithfully yours,
THO. GRAHAM.
George F. Ansell, Esq.
]
I do not accept the conclusion arrived at by Mr. Graham, for my
experiments showed clearly that this peculiar gold could not be heated
even to a black heat after coining without becoming absolutely brittle
under all circumstances. Notwithstanding the experience gained by
the coining of this brittle gold, the annealing of coined money was
effected by the present authorities at the Royal Mint in 1868, when
a vast amount of brittle gold was coined, of which considerably more
than half a million sterling in coined pieces were annealed and plunged
into cold water, just as was done in 1859, and with precisely similar
effects; that is, the production of brittle pieces, as soft as lead
and perfectly rotten. These pieces were sent to the Bank of England,
where they have given great dissatisfaction. They should have been
melted, as were those of 1859. I, being an officer of the Mint at the
time, offered to coin this gold as I had coined that in 1859; my offer
was declined, and a vast mass of very brittle coin was, in addition
to that of which I have spoken as having been annealed after coining,
issued to the public, besides many thousands of ounces uncoined having
been returned to the Bank of England by the Mint authorities, who found
themselves unable to coin it; these facts being, as I think, little to
the credit of the official ability.
The Right Honourable Lord Kinnaird, with a view to relieve the Mint
authorities, suggested, on the 22nd of March last, from his place in
the House of Lords, a proviso “that such gold”—specified in clause 8
of the Coinage Bill then under discussion—“should be free from lead,
antimony, and other substances, so as to admit of its being coined
without previous refining.” The Government promised to consider this
suggestion, and, after consideration, rejected it, although the right
thus proposed to be established has always been claimed by the Mint but
disputed by the Bank of England. His lordship then drew the attention
of the House of Lords to the issue of the brittle sovereigns, to which
I have alluded, as having given so much dissatisfaction at the Bank,
and on the 25th of March, the following letter appeared in the _Times_:—
“THE COINAGE BILL DEBATE.
“_To the Editor of the Times._
“SIR,—In your full and very correct report of what I
stated in the House last night on the Coinage Bill, there is an
error which I think must have occurred in the printing—‘sweat’
should be ‘sweep.’ I think what I said in regard to the £640,000
sent by the Mint to the Bank would have been clearer if I had
added—‘Its brittleness was increased by being annealed after
coining.’
“Your obedient servant,
“KINNAIRD.
“50, Avenue Road, Regent’s Park,
“March 23rd.”
Attention being thus forcibly drawn to a great evil, the Marquess of
Lansdowne, in reply to Lord Kinnaird’s remarks on the appointment of
Mr. Roberts, stated that “Mr. Roberts was a very eminent chemist, who
had proved his capabilities by devising a system for depriving gold of
the obnoxious properties on which the noble lord recently commented.”
Lord Kinnaird has already pointed out that this process, which the
eminent Mr. Roberts has “devised,” was discovered by Dr. Percy, and
that the process was published by that gentleman so long since as 1848.
Dr. Percy conceived the elegant idea that if a stream of chlorine gas
were passed over an ore containing gold, the chlorine would combine
with the gold and dissolve it out from its matrix, as water would do
sugar. This it does with complete success, forming a chloride of gold
which is readily soluble in water, and from which it can be obtained
with the utmost ease.
With regard to the invention of the process for which Lord Lansdowne
gave Mr. Roberts credit, the facts of the case stand as follows. Dr.
Percy discovered that by means of chlorine gas he could separate gold
from its ores. He described his invention in the Transactions of the
British Association in 1848, and in the Philosophical Transactions
in 1850. Plattner carried it out practically about 1852 in Silesia,
and I, in January, 1856, conducted a long series of experiments upon
it for the Chancellorsville Gold Mining Company. The exact process
now proposed or “devised” by Mr. Roberts was patented by Mr. Miller,
the present assayer to the Sydney Mint, in 1867—No. 1767. When Lord
Lansdowne finds himself thus deceived, he will probably in future think
it necessary to examine statements suggested to him before making them
from his place in the House of Lords.
This _new_ process consists in forcing chlorine gas through melted
gold, and it is assumed that the chlorine will carry off the silver,
lead, antimony, tin, and arsenic, which render the gold brittle. On the
face of the proposition, there are very grave reasons for believing
that it will fail if tried. This also is the deliberate opinion of the
most eminent metallurgical chemist of this or any other time; indeed,
it has been tried and found a failure. It has failed of its object, and
instead, attacks the gold, which, with the chlorine, will leave the
melting-pot and pass into the chimney, creating a use for the proposed
chimney chambers of Mr. Roberts.
Experience at the Mint is to the effect that the run of gold ingots
produced by the melting of worn and light coins culled from those in
circulation is found to be worse than standard by 1-500th, or two in
each thousand parts. There can be no doubt but that this is mainly
due to the fact of the loss of copper by the processes of annealing
and blanching. In actual practice extending over many millions, it is
found that 1,000,000 sovereign blanks lose 5,708 grains of copper:
now, since this copper is removed from the surface, it leaves a
sponge of pure gold coating that surface. Pure gold is very soft, and
rapidly wears away, so that when the coins from which 5,708 grains of
copper have been taken go into circulation, this film of gold, which
amounts to £555·62 on each million pieces, is removed by friction.
It will probably be argued that the copper being taken first and the
gold afterwards, leaves the coin of the same standard as the original
bars;[33] if, however, this proposition be examined, it will be seen
that the bars are assayed and found to be below standard 0·55562 on the
thousand coins; but the blanks obtained from the bars are, by annealing
and blanching,[34] brought to standard before they are coined, and
those coins assayed WHILE NEW are found to be standard by the jury
of goldsmiths at the trial of the pyx, because they retain this film
of gold; let them, however, go into circulation and lose their film
of gold, and they will be reduced to the original composition of the
bar; that is, worse than standard 0·55562 in the 1,000. The trial of
the pyx[35] is supposed to be a great protection to the people against
deterioration of the coinage. This opinion is not entertained by those
who have witnessed the whole operation, for then it is manifest that
the copper is sufficiently oxidised while melting to insure the alloy
containing enough gold to enable the jury to find it “Fine, 4 grains
on the pound,” or any other degree of fineness. There can be no doubt
that the jury should be composed of men knowing something practically
of assaying, and who would not hesitate to publish every detail of the
process adopted, stating specifically the amount of loss incurred by
melting the ingot produced from the selected coins. That the jury is
composed of honourable men—goldsmiths—is beyond doubt; but that these
goldsmiths should know how to assay is also an important matter, and
should be a _sine quâ non_. It would be well if some independent
member would move the House for a return of the assays by the Mint of
ingots produced from worn and light coin received from the Bank of
England.
[Footnote 33: See pages 48, 49.]
[Footnote 34: See pages 48, 49.]
[Footnote 35: See pages 166, 167.]
Having thus specifically stated in my previous editions the facts as
they exist of our coinage, I waited a refutation of my statement.
I was informed that the Bank of England had made careful assays,
and proved that the worn gold coin was not below the standard of
fineness. I was also informed that bullion merchants in London had
obtained newly-coined sovereigns, and by means of a scratch-brush had
removed the film of pure gold of which I spoke, and upon a re-assay no
difference had been detected. My reply was, and continues to be, the
assays were either made by bunglers or were carelessly made, while with
regard to the statement related _for_ the Bank of England, I simply
refused credence because in my own knowledge that Institution has been
greatly puzzled for years as to the reason of the lower assay, and it
was myself who pointed out the cause to Mr. Thomas Graham on the 4th
January, 1860. That gentleman mentioned my suggestion to the then chief
cashier, who preferred to think “it was due to the base coins which
found their way into the Bank.” I said then as I think now—“I believe
the officers of the Bank of England are far too sharp to take one base
coin in five hundred.” This reply settled the discussion.
That the light and worn coin is habitually below the standard is
conclusively proved by the fact that if any man should take, as the
great Duke of Wellington did, a thousand sovereigns to a jeweller’s to
be made into plate—and his Grace took coined money that he might be
sure to have plate of the fineness of 22 carats, or standard gold—he
would find, as the duke found to his cost, the plate “cut” at the
Goldsmiths’ Hall as being below standard. That the case still exists is
so well acknowledged by jewellers that they invariably add “fine gold”
when they melt coin for plate which is to be stamped with the Hall mark.
“Monetarius,” who wrote to the _Times_ from Malvern—where, singularly,
Mr. Thomas Graham was then residing—and Sir John Herschel, quoted in
their letters to the _Times_ the report of a Belgian chemist to prove
that our coinage is invariably standard. Such authorities seemed to
quiet public opinion; but Lord Kinnaird moved on two occasions in
the House of Lords for the “Returns of assays by the Mint of ingots
produced from worn and light coin received at the Mint from the Bank of
England.” The Government firmly refused these returns on the alleged
ground that they were “too bulky;” Lord Kinnaird, however, explained
the true cause of the refusal when he said that these returns would
conclusively prove that the gold coinage, when worn, is habitually
below the standard, as is also shown by Mr. Ernest Seyd in his letter
of the 20th, inserted in the _Times_ of the 21st August, 1869:—
“... The British public are under the impression that
English sovereigns stand highest as far as correctness in
quality is concerned. In reality, the British gold coin
falls much more below its standard fineness than French,
American, and Russian coin.... But the best proof of the
greater inferiority of the British gold coin is given by
the action of the Bank of England. The Bank of England
cuts light gold coin, and so renders it unfit for further
circulation. The holder of such coin thus loses, in the
first place, the value of the gold worn away by abrasion,
and the cut sovereigns are handed back to him as being now
only bullion (the loss so far amounts to from 1_d._
to 4_d._ per sovereign); the bullion now remaining is
the metal of which the coin had been made, presumably at
the rate of 77_s._ 10½_d._ per ounce, and worth
that much, or, at the Bank rate for buying gold, at least
77_s._ 9_d._ per ounce. Yet the Bank of England
will not give more than 77_s._ 6½_d._ for it.
Worth at Mint price, 934½_d._, the Bank pays but
930½_d._ per ounce—a deduction of 0·43 per cent.”
_I_ need not express an opinion upon such a case so stated; but I can
quote one of far higher value, for Mr. J. G. Hubbard, who is a profound
authority, says, in his letter in the _Times_ of September 4th, 1869:—
“This inaccuracy of our Mint assays was pointed out by Mr.
Seyd in his intelligent and well-informed letter of the
20th ult., and I can corroborate his observations by my own
experience of sovereigns sent to Russia, where the Mint,
more exact than our own, ranked sovereigns at fully ⅛ carat
grain worse than standard.”
Let us now see what steps are taken by the authorities, and then judge
of their motive for introducing a reform so greatly needed, and which
would never have been attacked had not I unceasingly urged it since
1860. In his Report on European Mints, Mr. C. W. Fremantle says:—
“I have therefore received with much satisfaction the
expression of Mr. Roberts’s opinion that the process
of blanching may, as far as gold coin is concerned,
be discontinued without detriment to the appearance
of the coin. _It is this process which leads to the
deterioration of standard found to exist in gold which has
been for some length of time in circulation_, and _in
consequence_ of their Lordships’ decision that light
gold coin shall FOR THE FUTURE BE RECEIVED BACK BY
THE MINT FOR RECOINAGE, the question becomes at this
moment one of PECULIAR IMPORTANCE.”
I have emphasized some of the passages as showing that this decision
is very like that of the unjust judge—not so much from conviction of
right as from the necessity of the case. I do not charge the Mint with
yielding to importunity; but being made to bear the loss, they are
willing to amend that which they _now_ openly admit to have been a
wrong. Why is the opinion of Mr. Roberts quoted? why not some of the
great officials at the Mint? Silence on this head is significant. Mr.
Roberts will hardly desire to claim a discovery which he found in my
last book, for he, too, bought one of the first copies which were sold.
That I may not appear to be claiming that which is not my own, I quote
the words from Mr. Roberts’s report:—
“It is evident that bars slightly below standard may be
allowed to pass to the subsequent operations of coining,
on the assumption, justified by calculation, that the
blanching would be attended with a sufficient elevation of
standard to bring the coins within the limits of fineness
prescribed by law. The _film of soft pure metal_,
however, _is removed by wear_; and the coins, _when
remelted, will consequently be found to be below standard
fineness_.
“This is a question of some importance NOW that
the Mint has undertaken the operation of re-coining light
pieces, and I would recommend, therefore, that the process
of blanching gold coin should be altogether abolished.”
The italics are my own, and if the words so pointed out be read with
reference to those I have persistently used, there can be but one
conclusion, Mr. Roberts having had but a few months’ experience in the
Mint, notwithstanding Mr. Fremantle’s reliance on his judgment.
As regards the trial of the pyx, useless and mischievously deceptive as
it is shown to be, the Act of Parliament, 33 Victoria, cap. 10, makes
it imperative to give this excuse for a dinner at the Goldsmiths’ Hall
at least once a year. Had the Government assented to the proposition of
Lord Kinnaird, and nominated the Professor of Metallurgy for the time
being in the Royal School of Mines, one of their own officers, and who
at present is the most distinguished of metallurgists, foreman of the
jury, the country could have relied upon the verdict now given honestly
enough; but upon inadequate knowledge, indeed, if the reader will refer
to pages 10-12, it will become clear that so delicate a process as
assaying should be watched by those who can appreciate its refinements,
or its results can possess no judicial value.
I attended the trial of the pyx, which was held on the 17th July,
1860, with an especial view to, and an avowed intention of, publishing
details of the operation. With a desire to further this object Mr. W.
H. Barton, the then Deputy-Master, gave me the following particulars,
and I, for myself, observed that the coin when melted was placed in an
open crucible, without flux, and for part of the time without a cover:
the ingot produced was of a GOOD BLACK colour from the oxidation of the
copper. The objections to such a melting can hardly be exaggerated, and
I am of opinion that however fairly selected—and they were honestly
taken—1·310 ounces is not a sufficient bulk on which to form an opinion
as to the purity of £24,654,849 of gold coin.
+------+---------------+--------------------+--------------+
| | | | Weight of |
| | | Value of the | Pieces taken |
|Coined| Name of Master| Coined Money | from the |
|Money.| when Coin | Pyxed. | Coined Money |
| | was Pyxed. | | for the Pyx. |
| | | | |
+------+---------------+--------------------+--------------+
| | | £ _s. d._ | Ounces. |
| |SIR J. F. W. | | |
| |HERSCHEL, BART.| 2,977,190 12 2 | 1052·200 |
|Gold | | | |
| |THOMAS GRAHAM, | | |
| |ESQ. |24,654,849 0 9¼ | 8300·087 |
+------+---------------+--------------------+--------------+
| |SIR J. F. W. | | |
| |HERSCHEL, BART.| 100,450 7 0 | 121·899 |
|Silver| | | |
| |THOMAS GRAHAM, | | |
| |ESQ. | 2,331,666 19 6 | 2811·543 |
+------+---------------+--------------------+--------------+
+------+---------------+--------------+-------------+---------------+
| | | Weight of | | Weight of |
| | | Coins taken | Loss by | Bullion |
|Coined| Name of Master| to melt into | Melting to | actually |
|Money.| when Coin | an Ingot for | obtain the | taken from |
| | was Pyxed. | the Assay. | Ingot. | the Ingot for |
| | | | | the Assay. |
+------+---------------+--------------+-------------+---------------+
| | | Ounces. | Ounces. | Ounces. |
| |SIR J. F. W. | | | |
| |HERSCHEL, BART.| 9·116 | 0·020 | 0·766 |
|Gold | | | | |
| |THOMAS GRAHAM, | | | |
| |ESQ. | 51·500 | 0·077 | 1·310 |
+------+---------------+--------------+-------------+---------------+
| |SIR J. F. W. | | | |
| |HERSCHEL, BART.| 3·137 | 0·046 | 1·287 |
|Silver| | | | |
| |THOMAS GRAHAM, | | | |
| |ESQ. | 67·881 | 0·652 | 1·781 |
+------+---------------+--------------+-------------+---------------+
The authorities of the Mint, having assented to part of my proposition,
have yet stopped half way, and blindly considering that the blanching
_alone_ was the cause of loss to and fictitious value of the coinage,
they will find that their loss is greater now than it was when they
unwisely permitted blanching. I do not point out to them the reason
why—that is now their business; but I confess that I am a little
amazed at Mr. Roberts’s recommendation—one that was given up by the
moneyers before he was born, yet now gravely made by that gentleman in
these words, “I should prefer that in order to prevent needless wear
to the dies, the blanks should be annealed, after every trace of oil
has been removed by washing with the aid of alkali, the utmost care
being taken to avoid oxidation by exposure to air.” One seems to see
Mr. Roberts in the presence of men who would dwell on his instructions
as would a soldier on those of his general, directing the filling of a
copper tube with gold blanks, previously divested of “oil by alkali,”
so as to leave a film of lime soap neatly protecting their surface, and
covering them with powdered charcoal. The tube so filled will be duly
placed in the furnace, duly heated, and duly plunged into the cistern
of cold water by the foreman, who, having taken an insurance ticket
from the Accidental Death Company, feels quite safe, when, suddenly,
a mass of copper and some pounds weight of gold blanks occupy the
space from which it is hoped his head may have retired in time. Quite
seriously, I have seen the cap of a tube blown suddenly off, and the
blanks projected from the tube so plunged into water—from the same
cause that bursts a kitchen boiler when cold water is admitted to one
already red hot—with such violence as would certainly kill a man if he
chanced to be in the line of fire. Do they not at the Mint understand
the true cause of loss? An officer who tells his men to “go and do,”
is not so likely to effect his object as if he were to show them “how
to do” the work required of them; neither “bullying” nor making the
men pay for losses will stop those losses of bullion. Knowledge alone
is power. Knowledge alone can direct. Knowledge alone is required in
the Royal Mint. There are plenty of men there who are most desirous to
carry out any instructions; but, if the bugle give an uncertain sound,
who can obey?
The effect of the annealing having been thus dwelt upon and explained,
I will continue the description of the subsequent operations, stating
what was formerly done and what had better be recurred to till
experience is gained by those who are entrusted with the management of
the Mint. After about three minutes’ boiling in dilute sulphuric acid,
the blanks in their colander were washed under a stream of cold water,
to remove the sulphate of copper and the sulphuric acid from their
surfaces, otherwise these substances would deface the dies used for
coining, as well as give the coin a dirty appearance. From the washing
they were taken to a sieve of sawdust, A, Fig. 16, into which they
were thrown to be dried by friction with the hand. A revolving drum
of brass lined with wood has lately been introduced for this purpose.
The objections to this form of apparatus appear to be that the blanks
get hardened by blows, through falling against each other, lose more
in weight, and become indented on the surface, thus producing a less
perfect coin. It had been wiser to have introduced a sieve with an
eccentric motion, which, if filled with sawdust, would shake that dust
between the blanks and dry each one perfectly, when, by the removal
of a false bottom, the sawdust could be allowed to sift itself from
the blanks by one or two turns of the sieve, and the latter would be
as soft as they invariably were before the introduction of the brass
drum. This would be a matter of importance if, as is to be hoped,
the authorities are induced to abolish the process of annealing and
blanching, for then it would still be necessary to remove the film of
oil which is left on the blanks in the cutting-out process, and this
could be done more quickly and effectively in the proposed sieve than
by _any other process_. The sawdust absorbs the water from the surface
of the blanks just as would a piece of sponge; but the surface is not
all, for it is found that by the removal of the copper the gold on the
face of the blank has been brought almost into the condition known as
_frosted_; it is, in fact, to a small extent, honey-combed. The gold
represents the comb, and the copper the honey, but as the copper is
removed, water takes its place, and has to be dislodged from these
interstices by heat. The blanks, having been partially dried in the
sieve A, are put into the tray B, and from this they were shot into
the colander oven C, which was closed, and then thrust into the heated
chamber D, and twisted gently round and round at intervals during ten
minutes. The blanks were then turned out into a sieve E, by which any
particles of dust were separated; the blanks were finally, by the aid
of the tray B, placed in a bag. The sawdust fell from the sieve A on
to a plate of iron heated by the furnace E, by which it was dried, and
became ready for another operation. The chamber D was heated by a small
furnace beneath it.
[Illustration: Fig. 16.—Drying Room.]
[Illustration: BOULTON’S SCREW-COINING PRESS.