United States or Liberia ? Vote for the TOP Country of the Week !
The total coinage of silver ore in the mints of Mexico to this date, we were intelligently informed, amount to the enormous aggregate of three thousand millions of dollars, to which may be added, in arriving at the total product of the mines, the amount exported in bars and the total value consumed in manufactures.
In a pamphlet issued by George Ewing in Dublin , it is stated that in that year, W. Trench presented a memorial to the Lords of the Treasury, complaining of the condition of the copper coinage, and pointing out that the evil results had been brought about by the system of grants to private individuals.
Trade, however, is still, to a great extent, carried on by a system of barter with the Natives. The silver currency is the Mexican and Spanish Dollar and the Japanese Yen, supplemented by the small silver coinage of the Straits Settlements.
Though the bank, therefore, paid no seignorage, though the government was properly at the expense of this coinage, this liberality of government did not prevent altogether the expense of the bank.
Since that time the price has fallen as low as 91.2 cents per ounce, reducing the bullion value of the dollar to 70.6 cents. Within the last few months the market price has somewhat advanced, and on the 1st day of November last the bullion value of the silver dollar was 72 cents. The evil anticipations which have accompanied the coinage and use of the silver dollar have not been realized.
As of his own coinage I should set down such vocables as motley-minded, mirth-moving, mockable, marbled, martyred, merriness, marrowless, mightful, multipotent, masterdom, monarchize, etc. etc.
The coinage of silver dollars under the act passed February 28, 1878, amounted on the 23d of November, 1878, to $19,814,550, of which amount $4,984,947 are in circulation, and the balance, $14,829,603, is still in the possession of the Government.
It is obvious that a Russian republican might come to identify the eagle as a bird of empire and therefore a bird of prey. But when he ultimately escaped to the land of the free, he might find the same bird on the American coinage figuring as a bird of freedom.
But in truth the hours went heavily with him as he sat alone in his study, sighing for some sweet parliamentary task, and regretting the days in which he was privileged to sit in the House of Commons till two o'clock in the morning, in the hope that he might get a clause or two passed in his Bill for decimal coinage.
Up to this time the different communities of northern and central Italy, with few exceptions, had struck only a copper currency; the south Italian towns again universally had a currency of silver; and there were as many legal standards and systems of coinage as there were sovereign communities in Italy.
Word Of The Day