The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-09-07


sesieTu the greatest weight as t~snyto one;
when At the least as nteen to one la an agreement
mentioned BY yy between the Romans and Italians Tue
latter permitted pay ten talents Of silver Tor one
Of gold and the writer siaos that 1%saf Al ms
coming out OF Gio. brought SO great qaanuy OF gou
10 abate the proportion 10 seven ana nall 10 ohs
which indicates that the sese Of silver was Teckoned
ii pl,nv statement at its least weight La France, the
proportion down 10 the time of King John was IL 10
and by an edc OF 1914 about 10 TO l. In Germany lhe
ancient proportion IL to bat IN the year 1910 IL
was 10 ol Ia Holland. by pacart Of 1902, appears
10 have been nearest l2i TO Ia Spain, the proportion
has, for some time back. been about IL to l. lm the
United States il is Is TO 4; and Eng land Is 10
with small fraction The proportion OF gold 10
silver during the time OF the AngloSaxons one,
knowledge, has yet discovered nor does il appearihey
kept any accounts in gold coin but as gold was every
where in at that tme is 10 be supposed that silver
then under the regulations in France and
Germany and all founded On tho bad regulated Roman
measure under Justinan, though differing in the di
vision OF The respective coins. consideration Of
the proportions thus held and maintained is exhioi-
tive OF The chnerca character OF those operations oil
different governments by which denominations Of coins
have been altered with view to The enhancement OF
their current value without any corresponding advance
in their Intrinsic worth Bolivia affords, Indeed, in
stance in which country may be said TO have been bene
flied al the expense OF another by undue alloy her silver
enng but the circulation Of her present money its
stated denomination, and without reference to change
in its comparative value, has arisen from the crcnm-
stances of the people among whom circlates, both in
that country and Ia the neigboring States, and who,
widely scattered possess but limited facilities for the
Obtaining OF financial information. To the b vin
dollar is az good and worth much Peruvian dol
lar. though the latter may be OF far intrinsic value
One Of the most notable financial anecdotes illustrative
of position 10 which This might excep-
ton is afforded in the history of France. in the year
l7l5, on the ordering OF new general coinage.
when louis dors called in, and received al the
mint at more than sixteen Gyres whilst, by stroke
OF the wheel, they in Instant converted into
twenty livres the denomination Of the new coin. Thus
person who brought twenty old louis dors the mint
received back sixteen OF his twenty new stamped
and injustice sail to have been me from this
demonstration OF ministerial agcbraiha sixteen multi
piled by twenty is equal twenty multiplied by six
teen nder these circumstances it natural for the
inhabitants to wish 10 dispose of their old coin at any
other market than at the Kings mint. They did what
they could 10 smuggc TO Holland, where the indusri-
GUS Hollaader stamped sixteen livre piece with the
head of child-the only distinguishing mark OF the
new coinage, the former having had an old mans head
upon II, and sent back to France for twenty vrc
piece In this day OF universal commerce. ono country
quickly becomes the corrective Of undue valuation in
another; the balance, though never complete, is ever
more utlnB auJus,cu. we may conCuue win what an
old author says the subject of national wealth M \
"The true signs Of the wealth Of l.ge city are the
number OF shops and warehouses well stocked with goods
especially when tho goods known be properly
THE possessor which is nearly the same IL for those
which lie onY commission, very considerable pat OF
their value has been already advanced And the sures
signs Of the riches Of the universal distribution
Of respectable farm houses the whole country,
where surrounded with the fruit, of the EARTH both the
field and in the barn the number, magnitude, and opu.
ence OF us manufacturing cities towns toge ther with
he shipping It evidently empIoys''afsg HRg th Il ua