Pictorial Chosen and Manchuria . mint, and the privi-lege of coinage was granted to many of the civil and military offices. Itseems that whenever an office found in pecuniary embarrassment itapplied to the Government for the privilege of coinage to relieve thereby itspressing need. Naturally it was mintage profits only that were sought afterand nothing else. There are more than 3,000 specimens, differing in size,form, or fineness, of sangpyung-tongho (S^Mff) i the collection made bythe Bank of Chosen. In most cases, however, they all circulated at the samevalue. The tangpak-chun (SW^^)
Pictorial Chosen and Manchuria . mint, and the privi-lege of coinage was granted to many of the civil and military offices. Itseems that whenever an office found in pecuniary embarrassment itapplied to the Government for the privilege of coinage to relieve thereby itspressing need. Naturally it was mintage profits only that were sought afterand nothing else. There are more than 3,000 specimens, differing in size,form, or fineness, of sangpyung-tongho (S^Mff) i the collection made bythe Bank of Chosen. In most cases, however, they all circulated at the samevalue. The tangpak-chun (SW^^) (Picture 95 d and d) was first minted in1866 and issued at the fixed value of one hundred times that of an ordinarycash, while its size, though considerably larger than the ordinary- one, by nomeans warranted the value represented. The people, of course, refused to takeit at its face value, and in a short time the Government had to stop mintingit. The tang-oh-chun (^311^) (Picture 95 c and c), the face vahie of which -. S8 —. 97. The D^i Ichi Ginko note. was fixed at five times the orrlinar} coin, was mii^ted in 1883 for the first time,but it circulated, except in Seoul (^J^fi) and its vicinity, at no greater valuethan that oi an ordinary coin. Later, the (lOvernment minted nickel coins,and as this proved a most profitable business it kcjrt on minting them untilthey Ijecame the sole currency in circulation in more than half the entire copj3er cash and nickels were practically the only currencies in circulationat the end of the last century. The Chino-Japanese war caused a large amountof Japanese money to be exjiended in Korea, and this fact, together withthe growth of the Korean-Japanese trade, made that money quite popularin the open ports. In 1905, when financial reforms were started under thedirection of the Japanese Financial Adviser, the coinage standard of Koreawas fixed and made the same as that of Japan, and the standard money ofJapan, identical with tha
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Keywords: ., bookcentury1900, bookdecade1910, bookidpictorialcho, bookyear1919
