New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1842-02-11

haze had tho Satiic ADMINISTRATION - '!i '5Ne
commonly used IN 'hc'n' and contained the exact
quantity Of the precious metals Indicated BY their
names. lhus inc e"se1ts# was "cisnt o7c' ~
The earnest p'.lo' y INC o'eeNs '''' si's "S u
fo""ts py the slonla'is, 'fc Stefe oy INC r:ich'
and tic PoHHa oy III" l-sshSh aao scosch ana
The cvins originally IN use in Greece and lt..y,
rranre and I,uol,,d bore the same names and
.-,..,... .l.,-..,;,.-. ,..J
r. @,..
F"u'''' nc STANDARD '''i7 not "'s.e9N'' -
preserved h'lolatc clsHcr III ii'ois'.' - ~. y ~
TINES; it has been css degraded III England thiIll
anv where else but evan here the quantity o. s-
ycr in ,,o,d sterling is less than the .Atrei part
,,,,,,,J ,,.;,,,-,hc quantity il co,.,;irca in
,-on-
'oo IN france ''is NC 'u' - - = - ' q,
less than ore sttty-s&rfh pnt 0l TIC SILVER Implied
its ralnc. and which il had actually contancd
,ro,ously#,n 1903.
OIL ,o,,,,..;os Tho ,oo,.,,,,-
I'm ct.
uoi mas pcc'i e'ri'eu SUI attn
From l296 10 800 the COINS OF England and
Scotland were Of the sam" weight and purity; but
a, the Aforementioned cpochthr standard of Scotch
CO. lilo Gr., ,;,nc s.,rl i,c,cy. ,),,, &C
'S'
England and by successive ueSr'e'R'i'As Tue Vai's
of the Scotch money, at tic union ct the crown
), 1000 was ONLY twelfth pur, Of the value Of
.bc Euclid, money Of the SANE den .Dlinntoo. n
~ -.
reN'9''eu ~ Ni' l'oi' ~ = ''4-
IONS Cancelled tho separate coinage OF scotland.
Tic rold aud silver coins Of Ireland lave been
g.. ccns;,larob,e ncr;od iIo same ~ tLosr of
c., R;,,;r ,,,, mil 19 ,h,, ,,,,,,. ,,ornoli,a
,,ol 49,, l . ,,c, ,an, h;,h.r Iii d,arrcncc nr
,l,,,;,, ,,],;ch v,. ,,tcn,cd yitII ccnsIor,b!,,
ncorv,n;c,cc mn, nm .nd 70 hy The act Il Con
A. "a which ossn,;lotcd tho CURRENCY. ,I,rniaLou
ho l,,n,;rc
- Gp;,o ,,,,;,,, ,,r co,,,,,,l,,. h,s Locn
- r,.,no :; ,l;a,-.,, o,,,, r;os u,l ,,e,.,,ds=
- ,,d
;, .o,.,,.,l CO.., ,,l;,;,.
~, ,,o.,;1,,, H., ,,,.,,
,,,,,., ;,l,,, ~
ayer,. a,c tb,, !, !. ;n1;s,nn.,hc az, =, ,:,s, OK.
r.oj;,cl, lc.;rnll ,h.S ,i, c,nm.};,y eclectic, ~
scr,e &c. ,n,,ncv s},n,1
~ 10 l;,.;.;,Io 49,, ,l ,,,,ll,., ,,o,,innc
ID rL,, el,o,,d ,d,n;, az heinz ken, far ~,
;rdoG,,;,c ,cr;,J v.;,l,on, ,l.,c,;o,,,;na
"a Tia, !, should bv ,,oss,.ssno l,,.,, ynluc i,
nl hulk lc cnpnbl,, Of l,in~ easily TRANSPORTED
,,n, no,. >, ,lo.o
l,b Tia, one pccc If money of cryfain de-
,,,;n,,;,,, .bm,ll ALWAYS l,, cou,l il, maonitudc
and m,li,y ~ every other piece of money of the
same denominations
9TH That it, value should b., comparatively
steady on. rs little subject to variation as possible
Wi,bm,, tho frs, "f these qualities. or the Gu
paci,v OF bcin. divided into portions of every DIFF
irrcnt magnitude and value, money. it is evident,
would be almost Of no use, and could only be cxchan
gcl for the few commodities that might happen to
be of the same value its ndvisble PORTIONS or
whole nultplos of them: without The sccond.
ur the capacity or beng kept on hand or hoaracd,
without dctcrlontlnS, no one would choose to cN-
change commodities tor money, except only when
lie expected to be able speedily to rc-cNchansc
that money for something else: without the thi'd,
or facility OF transportation, money could not be
conveniently used IN transactions between places
"a! any considerable distance: withot:=thc t0"r1n,
orpcrtcct souadoSS. II would be cNtre!!civ ds'l'-
cult to apprcc,nt: tue value OF different prices OF
money; and without The MN quality, or comPar7'-
tly. stcudncsS OF value. money could not serve as
tt standard by which 10 measure the value OF other
commodities and no one would be disposed TO
exchange the produce of his industry for an artl-
Gle tia, might shortly decline considerably in liz
power of purchasing.
he union OF the different qualities oil compare
tive st2ndnc>s OF value dlvlSlbhy duinoilltv, IA
=cili,y Of transportation. and perfect samcncss IN
the PRECIOUS METALS, doubtless formed the 'rrc-
MS,i6le reason that has induced every sivi'zcd
community to employ them money. The value
of Golr AND SILVER is certainly not invarlable.
but generally speaking i, changes only by slow de-
yrccs: they arc dvisblc into amy number of parts,
and have the singular property of being easily re-
united bv means of fusion without loss they do
not drcrorac by being kept; and. from thcir
finn and compa, texture. they are Very difficult to
wear Their COS, OF production, especially that
oil gold is 50 considerable that they possess great
value ii, small bulk. and can of course b., lra'is-