Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1838-08-15
MEMORANDA.
From Mr.. Uoodbpry's Report on En-
changes.

changes.
The American dollar contains 81
grams Of pure silver, or 4lG grains Of
stondard silver.
The Spanish dollars are not all Of
the same weight. Those in circula-
ton in 1929 were said by the director
of tie Mint 10 be worth on an average,
100 cents mills.
The Mexican dollars are SAID 10 be
equal to the Spanish.
The "Carolus" dollars are the Span
ISL dollars coined prior TO the year
1909, IN the reigns of Charles Ill. AMI
". They are said to be not superior
in weight and fneness to the Next
can.
The American eagle of tue old
coinage, previous to the 3lst Of July,
1884, contains 947l grains Of pure
gold.
The American eagle Of the new
coinage contains 232 grains Of pure
gold.
The British Sovereign, when coin
ed, contains ll3 grains and rllaa4 parts
Of a grain Of pure gold, worth, accor-
ding 10 our present mint valuation, 81
S7rI0 cents.
The Spanish doubloon should, accor-
ding TO tie regulations which have
nominally prevailed since the year
1872, contain 37G grains Of pure gold,
which would at our mint valuation, be
worth Is dollars 90 cents. Bat, ac-
corling to essays made at the London
aud Philadelphia minis previous to the
year 1929, Spanish doubIoons contain
ed only from 500 TO 362Jao grains of
pure gold. This would make their
average value, at our mint valuation
about $SI5 G6f cents.
The Patriot doubloons are said to
)e equal in weight and fneness TO the
Spanish.
The difference in the price Of Span
sh and Patriot doubloons, and ofthe
llf,Hent species Of dollars, at New
ork md Philadelphia, is chiefly owing
TO difference Of demand for them in
foreign morkets.
In the price currents, 81 43s cents
IRE assumed as the par Of Exchange
N England. This practice began
when the Spanish pillar dollars were
in circulation, and when the market
value Of gold, compared with silver,
was less than 1t is at present. The
true par varied as the market value of
gold varied, when compared with sill
yer. 1t was estimated by Mr.. Gala
tin, writing IN 1920, at 7 per cent.
above the nominal par; by others at 8
per cent.
Since the passage ofthe act of 1894
for reforming the American gold coin
age, the true par exchange with Eng
land, estimating gold against it, is about
Oh above the nominal par.
The quotations of Exchange on
France are so many Francs and cen.
times payable in France for dollar
paid here. According to the regula-
tons Of the French mint, the silver
francs should contain 60,453 troy
grains of pure silver, equivalent TO
1874 cents in silver currency Of the
United States. The quantity Of pure
silver in an American dollar IS equal
to that in francs 81 55 215 centlmcs.
Bat as foreign coins are not legal
tender in France, and as a senoirage
of about L. per cent. is charged on
silver coinage at the French mint,
American dollars when sold as bullion,
in France, are said TO bring, on an
average, not more than five francs
2Gr%S0 confines. This is, by some
writers, assumed as the par of eXchan-
gcs on France. Other writer's assume
3 francs 81 centimes as about par.
The quotations ofexchange on Hol-
land, are so many cents n gulder; on
Hamburg, so many cents a mark ban
co; and on Bremen, So many cents a
rix dollar.
The exact value Of the guildor of
Holland is 29Tss555 cents of the United
States silver currency but 40 cents
are usually assumed as the par of ex-
change.
The mark bauco Of Hamburg is n
money Of account aqual to SD 80 =
cents United States currency.
The rix dollar of Bremen is a money
Of account equal TO so cents and a
very small fraction United States cur
rency.
SENATOR STRANGE IN NoRTH CAR.
oLrNA.-The Fayetteville Journal con-
tradlcts the report that it is the inten-