The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-11-03
From Mr. .Weodbury's Report on Exchanges.
MEMORANDA.

The American dollar contains 37l IA grains Of pure
silver, or Ill grains of standard silver,
The Spanish dollars are not all OF tho same weight.
Those in circulation in 1929 said by the director
of the mint to be worth on an average, 100 cents 3
mills. -
The Mexican dollars are said to be equal to the
Spanish. a"'".
The Carolus" dollars the Spanish dollars coined
prior to the year 1909 in the regns Of Charles H. and
Nv. They are said to be not superior in weight and
ineness to the Mexican.
The American eagle Of the old coinage, previous to
the 3lst of July, 1894, contained PAT ~ grains Of
pure gold 80.
The American eagle Of the new coinage contains 232
grams Of pure gold .." 49,.
The British sovereign, when coined, contains ll3
grains and sl24 parts Of grain Of pure gold worth,
according to present mint valuation, "a S7-7il0.
The Spanish doubloons should according to the regu-
atons which have nominally prevailed Stree the year
l772 contain 376 grains Of pure gold which would, at
mint valuation, be worth dollars 20 cents But,
according to assays made at the London and Phadel-
phia minis pre- vious the year s29 Spanish donbloons
contained only from $50 to 362 A. grains of pure
gold This would make their average value. at our
mint valuation, about 1881 "a. ....
The Patriot doubloons said to be equal in weight
and fneness 10 the Spanish.
The difference in the price of Spanish and Patriot
douboons and Of the different species of dollars, at
New York and Philadelphia is chiefly owing to the
difference Of demand for them in foreign markets.
par OF exchange on England This practice began
when the Spanish pillar dollars in circulation and
when the market value Of gold. compared with silver,
less than it is at present The true par varied
the market value of gold varied, when compared with
silver 1t was estimated by Mr. Gaatin writing in
1929 at per above the nominal par by others
8 per cent
Since the passage of the Of 1884 for reforming
the American gold coinage the true par exchange with
England, estimating gold against gold is about 7l0
above the nominal par.
The quotations Of exchange France many
franks and centmes payable in France for dollar paid
here According to the regulations Of the French mint
the silver franc should contain SO 453 grains Of
pure silver, equivalent to ls 70s 1000 cents in silver
currency Of the United States The quantity of pure
silver in American dollar is equal to that IN five
francs 81 534 900 centimes. But as foreign CONS are
legal tender in France and as sgnorage oil about
IL per cent is charged on silver coin at the French
mint, American dollars, when sold bullion in France
said to bring, average, not more than francs
26 25 1000 centmes. This is, by some writers, as
sumed the par of exchange France. Other writers
assume francs "a centimes about par j..
The quotations OF exchange Holland, are so many
rix dollar
The exact value Of the guilder of Holland is 80 o.
100 cents OF United States silver currency but 40
cents are usually assumed as the par Of exchange.
! The mark banco OF Hamburg is a money of account
equal to As IA 1000 cents U. S currency
The rix dollar Of Bremen money Of account equal
to 80 cents, and very small fraction United States
currency.