The Writings of Thomas Jefferson, Vol. 1 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 1 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private
Jefferson, Thomas
United States -- Politics and government -- 1775-1783; United States -- Politics and government -- 1783-1865
A horse or bullock, of eighty dollars value, would require a notation
of six figures, to wit, 115,200, and the public debt, suppose of eighty
millions, would require twelve figures, to wit, 115,200,000,000 units.
Such a system of money-arithmetic would be entirely unmanageable for
the common purposes of society. I proposed, therefore, instead of this,
to adopt the Dollar as our Unit of account and payment, and that its
divisions and sub-divisions should be in the decimal ratio. I wrote
some Notes on the subject, which I submitted to the consideration of
the Financier. I received his answer and adherence to his general
system, only agreeing to take for his Unit one hundred of those he
first proposed, so that a Dollar should be 14 40-100, and a crown 16
units. I replied to this, and printed my notes and reply on a flying
sheet, which I put into the hands of the members of Congress for
consideration, and the Committee agreed to report on my principle. This
was adopted the ensuing year, and is the system which now prevails. I
insert, here, the Notes and Reply, as showing the different views on
which the adoption of our money system hung.[17] The divisions into
dimes, cents, and mills is now so well understood, that it would be
easy of introduction into the kindred branches of weights and measures.
I use, when I travel, an Odometer of Clarke's invention, which divides
the mile into cents, and I find every one comprehends a distance
readily, when stated to him in miles and cents; so he would in feet and
cents, pounds and cents, &c.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account