FEDERAL MONEY. ' 9 1 



A rniil, which Is the lowest money of account, is 'ooi of 

 •a dollar, which is the money unit. 

 A cent is 'O i Or i o mills = i cent, 



A dime -i marked m. c. 



A dollar i- lo cents = i dime, d. 



An eagle ^-o* ^o dimes = i dollar, D. 



I o dollars = i eagle, E. 

 A number 



in the eagle is 246*268 grains ; of fine silver in the dollar, 375*64 

 grains ; of copper in 1 00 cents, 2~\h. avoirdupois. The fine gold 

 in the half-eagle is half the weight of that in the eagle ; the line 

 silver In the half-dollar, half the weight of that in the dollar, &c. 

 The denominations less than a dollar are expressive of their 

 values : thus, w/7/is an abbreviation of milk, a thousand, for 1000 

 mills are equal to 1 dollar ; cent, of centum, a hundred, for 100 

 cents are equal to i dollar ; a Jime is the French of tithef the 

 tenth part, for 10 dimes are equiU to i dollar. 



The mint-price of uncoined gold, 1 1 parts being fine and i part 

 alloy, is 209 dollars, 7 dimes and 7 cents per lb. Troy weight ; 

 amd the miat-price of uncoined silver, 1 1 parts being fine and i 

 part alloy, is 9 dollars, 9 dimes and 2 cents per lb. Troy. 



In Mr. Pike's " Complete System of Arithmetic," may be 

 seen " Rules for reducing the Federal Coin, and the Currencies 

 of the several United States ; also English, Irish, Canada, Nova- 

 Scotia, Livres Tournois and Spanish milled dollars, each to the 

 par of all the others." It may be su^icient here to observe re- 

 specting the currencies of the several States, that a dollar is equal 

 to 6s. in New-England and Virginia ; 8s. in New- York and North- 

 Carolina ; 7s. 6d. in New- Jersey, Pennsylvania, Delaware and 

 Maryland ; and 4s. 8d. in South-Carohna and Georgia. 



The English standard for gold is 22 carats of fine gold, and 2 

 carats of copper, which is the same as 1 1 parts fine and i part al- 

 loy. The English standard for silver is i8oz. 2dvvt. of fine silver, 

 and 1 8dvvt. of copper ; so that the proportion of alloy in their sil- 

 ver is Jess than in their gold. When either gold or silver is finer or 



coarser 



