No. 192.
Mr. Cramer
to Mr. Fish.
Copenhagen, September 5, 1874. (Received September 22.)
Sir: Referring to my No. 159, and its inclosure, of December 28, 1872,* in relation to the introduction into the three Scandinavian kingdoms of a common money system based upon a common gold standard, I have now the honor to inform you that the said common money system described in inclosure A of the said dispatch, having by law been adopted by the kingdom of Denmark, will be introduced and take effect on the 1st of January, 1875.
The Danish minister of finance has, on the 1st of this month, caused an official notice to be published, to the effect that all financial obligations entered into on and after January 1, 1875, shall be done on the basis of the said new money system, and that from and after that date all public and private payments shall be made in accordance with the unit of calculation of that system, namely, the gold crown, containing 100 öre, (or about 26¼ cents gold.)
It might, perhaps, be well to inform the financial and commercial world of the United States of the foregoing notice.
I have, &c.,