The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-09-10
VOCABULARY.
Collection of Interesting Facts Regarding
Gold and Silver.


fine. BY the act of 1878 the standard for
gold and silver coins in the United States
is 900 parts of pure metal ito 100 parts of /,
alloy. The alloy used Cor gold coins is
copper, or copper and silveT the alloy |
used for silver coins Is copper
Approciation-A rising in value. Money |
appreciates when it's purchasing value or |
power increases.
misunderstanding of, or pertain |
ing to, both gp,ld and silver.
BimetallisIm. The iegalized use of boti, |
gold and silver rs money, at II fixed rel |
ativo value.
Bimetallist.-One who believes in the
use of both gold and silver as money,
Builion.-Uncoined gold or silver in
mass, generally in bars or ingots,
Circulation. Use among the people,
passing from one to another.
COMA piece of metal regulated as
to fineness, size, und weight by the gov
eminent and stamped by it AMI made le-
gal tender as money.
Coinagc.-The making of metal into
money. In our Constitution the States
are prohibited from coming money, and
by act of Congre it is made a felony for
any indfvidua al to coin money.
Commodity which is bought
and sold for money Commodities may
be exchanged one for another, but dis
tinctien is made between commodities
and money.
Contra ction. Shrinking; shortening;
shortage Contraction in money is alb
solute when there is a positive diminu-
tion in che supply; and is relative when
the supply fails to keep up with the de-
mendS of commerce.
Currency. money in circulation.
Deloase.-To take away rightful quality
or functions; to reduce in rightful value;
10 bring into discredit or disrepute; to
lower in the estimation of the people.
Demonetize---To withdraw from use
rs money; to take away the money value.
Depreciation Reduction i'll quality or
value. Money is said to depreciate when
its purchasing power decreases.
| e. Depression.-In economies, dullness in
trade and agricultural manufacturing,
| or other pursuits; hard times.
Double misunderstanding both gold
and silver as the units of money.
Economic. -Relating to the manage
| ment of our affairs. In finance relating
| to the management of our money system
| Finance. Formerly the income or rev.
enue of king or State; latterly, the sci
| ence of money.
| Notwithstanding to money.
| Financier.-One skilled in the manage
ment of money matters.
| Fineness.-Proportio of pure metal
| United States coins are nine tenths fine.
The English standard for gold coins is
nine and one-sixth tenths fine, or GIG
2-3
| Fluctuate.-To move backward and
forward; to be unsteady.
Fractional.-As applied to currency,
the parts of a dollar.
Free coinage. Admission to the mint
| to be coined into money. Previous to 1878
the principal countries of the world ex-
cept England and Portugal, accepted for
free coinage both gold and silver. Now
| in all Of those countries, including the
United States, only gold is received Mt the
minis for free coinage. In some countries
a small charge, called "seigniorage," is
( made for coming, but it is still called
free coinage" because the holder has
legal right to have it coined.
| Gratuitous Coinage.-Coinage without
charge, when the full amount of the bull.
lion brought to the mint is put into the
coin and returned to the owner
| Infation.-Undue expansion or in
crease. Currency or money of any kind
Is said to be inflated when too much is
| issued, and it thereby loses in value as
compared withother kinds of money.
| 1nsolvent Unable to pay ones debts
| or obligations.
| Intrinsic Value.-Inherent or inward
value, not depending upon accident or
condition; real value within itself
| Legal Misunderstanding the legalized
quality of money, either to limited or
unlimited extent. In the United States
! all gold coins and the standard silver
dollar are legal tender for any sums, I'M
less otherwise stipulated by contract
fractional silver coins are legal tender
up to the limit of ten dollars One cent
| pieces are legal tender to the limit of
| twenty-five cents.
| Minor Coins.-The smaller coins, espe-
| hoc to1
minor coins now provided for by our laws
are the five cent piece of silver, the five
cent piece of nickel, and the one-cent piece
OF copper, each with it's alloy.
Mint.-The place established by the
government for converting the money
metals into money. In the United States
there are now five minis, situated as fol-
lows; Philadelphia, San Francisco, New
Orleans, Carson City and Denver.
! Mint Mark.-The mark on a coin To
designate the mint Mt which it was
| coined; ; for San Francisco, O for New
Orleans, &C for Carson City, and ID for
Denver. The Philadelphia mint, the old
est in the United States, puts no mark on
its coin.
Monometallic.-Con of, or per-
tanning to, one metal.
Monetary. to money; con-
slstlng in money.
MonetiZe.-To legalize as money ar no
money metal.
Monometallism.- use of a single
metal as a-money atandard strictly, to
give to either gold or silver the full priv.
ilege of being minted as money to the ex
clusion of the other metal.
Monometallist.-One who believes in
the use OF but one metal as the money
standard.
Parity. The condition of being equal
Tn no