Evening star., 1900-08-09

of the 5-franc silver piece which was
however, stamped in 1881 and 1888. Silver,
60Iad.
1S6S-Admission of Greece into the Latin
union. The definite and universal intro
duction Of the French monetary system
into the country was effected only in 1883.
1S6S-Adoption of the French monetary
system, with the peseta or franc as the
unit by Spain. The coinage of gold al
phonses dor Of 25 pesetas was made only
In 1876.
1s71-Replacing of the silver standard in
Germany by the gold standard. Coinage
In 1873 of gold pieces of g. 10 and 20 mark
pieces, the latter weighing 1.16S grams
fine. Silver, 601ad.
1s71-Establishment of the double stand
ard in Japan with the ratio Of l to is u
by the coinage Of the gold yen of 1857
grams and of the silver yen of 26956
grams, both with fineness OF 800. -.
1S73-Increase of the intrinsic value OF
the subsidiary coins Of the United States
Replacing Of the double standard by the
golu standard. Reduction Of the cost OF
coinage Of gold to one-fifth per cent, the
total abolition of which charge was de-
creed in 1875. Creation of a trade dollar OF
42O grains with fineness Of 800. Silver,
5Skd.
1s73.-Suspension of the coinage of 5-franc
1S73.-Limita ton of the coinage of 5-francs
on individual account in France.
1S73..suspension Of the coinage OF silver
in Holland.
1873-Formation of the Scandinavian
monetary union. Replacing Of the silver
standard in Denmark. Sweden and Norway
by that of gold on the basis of the krone.
Coinage of pieces of 10 and 20 kroner, the
latter weighing 1851 grams, with a fine
ness of 800
1S74.-Introduction of the system of con-
tingents for the coinage Of b-franc silver
pieces in the Latin union. Silver, 50 5-16d.
1S75.-SuspenSion Of the coinage of silver
on individual account in Italy. Silver. 567sd.
1875.-Suspension Of the coinage Of silver
on account Of the Dutch colonies.
INSTRUMENTATION of the double standard
In Holland on the basis of the ratio of l to
1852 by the creation of gold piece of 10
f1orins, weighing 5.04S grams fine, with the
maintenance of the suspension of the coin
age of silver.
1S78-Great fluctuations in the price of
silver, which declined to 46&d., represent
ing the ratio of to 20. 49, in July. Recov-
e2Nd e2s, IN Deee"'er' 10 ''2s0' average price,
1S77.-Coinage of 5-franc silver pieces by
Spain continued later, Notwithstanding the
decline of silver in the market. Silver, $3.50
1S77.-Replacing of the double standard in
Finland by that of gold on the basis of the
marc or franc.
1s7s.-Act of the United States Congress
providing for the purchase, from time to
time, of silver bullion at the market price
thereof, of not less than $2.O00.O00 worth
per month as a minimum, nor more than
$4,OO0,0OO worth per month as maximum,
and its coinage as fast as purchased into
silver dollars Of 412s grains The coinage
, of silver on private account prohibited.
Silver, SO 9-16d.
1S7S.-Meeting of the first international
| monetary conference in Paris. Prolonga-
ton Of the Latin union to January 1. 1886.
1S79.-Suspension of the sales of silver by
Germany. Silver, 51Ad.
1Ss1.-Second international monetary con-
ference in Paris. Silver. 81 11-16d.
1SS5.-Introduction of the double standard
in Egypt. Silver, 4S3sd.
1ss5.-Prolongation of the Latin union to
January 1. 1891.
1S96.-Great decline in the price of silver,
which fell in August to 42d., representing
a ratio of to % 5. and recovery in Decem-
ber to 46d. Modification of the coinage of
gold and silver pieces in Russia Silver,
45Ad.
1ss7.-Retirement Of the trade dollars by
the government of the United States in
February. Demonstration Of the Spanish
| piasters, known as Ferdinand Carolus, whose
reimbursement at the rate of 5 pesetas
ended on March IL. New decline of silver
| in March to 44d., representing the ratio of
to 21.43. Silver, 44ssd.
1S90.-United States-Repeal of the act of
February %. 1878, commonly known as
Bland-Allison law, and substitution of au-
| tbority for purchase of 4,5O0. 900 fine ounces
of silver each month, to be paid for by issue
of treasury notes payable in coin. (Act of
July Il, 1S90) Decentralization Of % 900 600
| lei in pieces of 5 lei in Roumania in conse-
quence of the introduction of the gold STAN
| dard by the law of October q. Silver,
| Al 11-16d.
1S9l.-Introduction of the French none
! tary system in Tunis on the basis Of the