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Perhaps it would not be amiss to coin three, more pieces of silver, one of the value of five tenths, or half a dollar, one of the value of two tenths, which would be equal to the Spanish pistereen, and one of the value of five coppers, which would be equal to the Spanish half-bit. We should then have five silver coins, viz. The Unit or Dollar: 2. The half dollar or five tenths: 3.
The double tenth, equal to 2/10, or one fifth of a dollar, or to the pistereen: 4. The tenth, equal to a Spanish bit: 5. The five copper piece, equal to 5/100 or one twentieth of a dollar, or the half-bit. The plan reported by the Financier is worthy of his sound judgment. It admits, however, of objection, in the size of the Unit.
Happily, the Dollar is familiar to them all, and is already as much referred to for a measure of value, as their respective provincial pounds. The tenth will be precisely the Spanish bit, or half pistereen. This is a coin perfectly familiar to us all. When we shall make a new coin, then, equal in value to this, it will be of ready estimate with the people.
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