The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
France minted 625,466,380 francs.
Belgium " 350,497,720 "
Italy " 359,059,820 "
Switzerland " 7,978,250 "
-------------
1,343,000,000 "
-------------
]
[Footnote 17: As far, that is, as relates to gold. So far as silver is
concerned, it was practically abrogated by the clauses for the
prohibition of silver coinage in 38 Geo. III. c. 59 (1798), and finally
repealed by the Act of 56 Geo. III. c. 68 (1816). See _postea_.]
[Footnote 18: Professor Laughlin brings out very strongly that even in
such action Hamilton shows no trace of the modern conception of
bimetallism, that his report expresses an emphatic preference for gold
over silver, and that his object in adopting bimetallism was, while
retaining silver, to leave a door open, if possible, for the
introduction of gold.--_History of Bimetallism in the United States_,
pp. 13, 14.]
[Footnote 19: By the law of 1837 the alloy for both gold and silver
coins was fixed at 1/10. The pure gold in the eagle, which by the Act of
1834 was fixed at 232 grs. (258 grs. gross for the piece), was thereby
changed to 232.2 grs. At the same time the pure metal content of the
silver dollar was maintained at 371-1/4 grs., the (gross) weight per
piece being changed to 412-1/2 grs.]
[Footnote 20: See the case more fully established in Laughlin's
_Bimetallism in the United States_, pp. 29, 57.]
[Footnote 21: Viz. of Philadelphia, New Orleans, Dahlonega, Charlotte,
San Francisco, and Carson City.]
[Footnote 22: On the subject of the history of the Indian Currency
System under the East India Co., in the eighteenth and early nineteenth
centuries, see a very interesting communication made in the pages of the
_Nineteenth Century_ by Mr. H.D. Macleod (_Nineteenth Century_, November
1894, p. 777). The question of the system established by the Order in
Council of January 1841 (authorising officers in charge of public
treasuries to freely receive gold coins struck in conformity with the
provisions of Act xvii. of 1835, establishing the 15-rupee pieces),
which continued till its rescinding in December 1852, is discussed in
the evidence of Mr. T. Comber before the Royal Commission on Gold and
Silver (_Second Report of the Commission on Changes in the Relative
Values of the Precious Metals_, 1888, p. 27). For an excellent and
succinct history of the Indian currency system from the end of the 18th
century, see Robert Chalmers' _History of Currency and the British
Colonies_, p. 336.]
APPENDIX I
THE MONETARY SYSTEM OF FLORENCE DURING THE DAYS OF HER COMMERCIAL
ACTIVITY AND INDEPENDENCE
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