The Atlantic Monthly, Volume 05, No. 28, February, 1860: A Magazine of Literature, Art, and PoliticsVarious
Philosophy
The Atlantic Monthly, Volume 05, No. 28, February, 1860: A Magazine of Literature, Art, and Politics
Various
American periodicals
That much fractional calculation may thus be avoided is evident from the
fact that the system will be homogeneous. Thus, as binary gradation
supplies one coin for every binary division of the dollar, down to the
sixty-fourth part, and farther, if necessary, any of those divisions may
be paid without a remainder. On the contrary, Federal gradation, though
in part binary, gives one coin for each of the first two divisions only.
Of the remaining four divisions, one requires two coins, and another
three, and not one of them can be paid in full. Thus it appears there
are four divisions of the dollar that cannot be paid in Federal coins,
divisions that are constantly in use, and unavoidable, because resulting
from the natural division of things, and from the popular division of
the pound, gallon, yard, inch, etc., that has grown out of it. Those
fractious that cannot be paid, the proper result of a heterogeneous
system, are a constant source of jealousy, and often produce disputes,
and sometimes bitter wrangling, between buyer and seller. The injury to
public morals arising from this cause, like the destructive effect of
the constant dropping of water, though too slow in its progress to be
distinctly traced, is not the less certain. The economic value of binary
gradation is, in the aggregate, immense; yet its moral value is not to
be overlooked, when a full estimate of its worth is required.
Admitting binary gradation to be proper to weights, measures, and coins,
it follows that a corresponding base of numeration and notation must be
provided, as that best suited to commerce. For this purpose, the number
two immediately presents itself; but binary numeration and notation
being too prolix for arithmetical practice, it becomes necessary to
select for a base a power of two that will afford a more comprehensive
notation: a power of two, because no other number will agree with binary
gradation. It is scarcely proper to say the third power has been
selected, for there was no alternative,--the second power being too
small, and the fourth too large. Happily, the third is admirably suited
to the purpose, combining, as it does, the comprehensiveness of eight
with the simplicity of two.
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