The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1893-07-26
Uhe NNerall and Welr5
NEWBERRY. S. T..
WEDNESDAY. JULY Is, 1893.
ALL ABOUT MONEY.
Full OF the Silver of Interest and the Gold
OF Fact.

Full OF the Silver of Interest and the Gold
of Fact.
lSt. Louis Globe Democrat
Absolutely pure gold is said to he q
carats fine.
The gold coins of Great Britain con-
tain one twelfth alloy.
The Spartans had an iron coinage, II"
other being allowed.
The United States silver3c. piece was
. first coined in 1851.
The English mint was established hy
A,helstane about 92S.
From 1928 to 1S45 platinum coins
were minted in Russia.
The first coming machine was ln-
vented by BruchDer in 1853.
The notes used by the Bank Of En-
gland cost exactly one cent each.
Julius Caesar was the first man to
put his own image on coin.
Aristotle says that "money exists not
by nature, but by law"
The first colonial coinage was n!inted
in Massachusetts in 1862.
In the tenth century there were
thirty-eight mints in England.
The American cents of 1877 bore the
motto Mind Your Business"
The Lydiaps were the fist to coin
money, about 3. G. 1900.
Homer mentions brass money as
in useB. G. 1l64, among the Greeks.
Brass money was coined in Rome
by Servlus Tullis as early as 573 b.
e..
During the reign of Henry VIII.
% to 25 per cent. Of coin metal was
alloy.
The coinage of trade dollars began
in 1914, and was discounted in 1878.
Before the days of coined money
the Greeks USED copper nails as cur
rency.
Rerodotus says that Croesus was
the first sovereign to make, coin of gold.
In 1903 the first English shilling
was minted. It bore the Kings lm-
age.
The first English laws against coun-
terfeiting were issued in ll0S by Henry
].
The United States mint was estab-
lished in 1892 and at once begas opera
tons.
Silver was first coiued in Rome in
B. e. 269, when Fabius Pictor set up a
mint.
In 1914 Napitr's coin-weighing ma
chine was put in use in The Bank of
England.
- Over 1000 series of Greek coins, issued
by independent cities, are known to
exist.
Inthe fifth century before Christ re-
fined copper was deemed as precious as
gold.
The trade dollar was intended for
use in ,.u rierce with China, India
and Japan.
The first American coius were made
in England in 1912 for the Virginia
Company.
efrst American coins were minted
in 1857, in the forty-second year OF
Henry III.
In 1881 the invention of milling the
edges of coins, to prevent clipping, was
introduced.
st the beginning ofthe Christian era
the relative values of gold and silver
were as to 9.
English sovereigns were first lninted
in 1889. They were called by various
nicknames.
During the reign of Numa Pompilius,
100 B. c., an experiment was made
with wooden money.
The bronze cent and two cent pieces
were first coined in 1864. and the nickel
half dime in 1866.
The earliest Greek coins bore lion
or tortoise on the diverse and punch
marks on the reverse.
English coin was first made legal
tender in 1916. Before this centshad
been paid in produce.
In 1887 the English coined gold pen
MES which. weighed 1-12o OF a pound
and passed for twenty pence.
Vermont and Connecticut coined
coppers in 17S5. New Jersey and
Massachusetts, did the same in llS6.
Paper money was first issued by the
notorious John Law. His issues exceed
sl2O,OO0,C00.
In 1920 the first large copper coins
were lninted in England, putting an
end to private leaden tokens.
In the early years Of this century
there were thirty-three tons Of silver 10
one of gold in circulation.
The Romans issued private or con-
sular coins which bear the names Of
every leading Roman family.
Tobacco and warehouse receipts
issued after it was stored were both
used in Virginia as money.
In 1000 ounces of our gold coinage
there are 900 ounce' of pure gold, ~
ounces of silver and 80 of copper.
In the worlds mipts from 1850 TO