EXC 
Dimes, serena Bae 
10 Dimes, or 100 Cents = . 
1 ‘currency =1 _ Ditto. 
iple of ing’ the inequali a direct 
interchange Sag Si torment any fa quis or coun- 
adopting a comprehensive and circuitous 
following explanation from 
too slow and jive ; and the second and third plans 
were considers aa likely to. turn the exchange against 
Spain. method, by circular exchange, 
Hamburgh, as 
the hinges on which the operation was to 
and iged correspondents in each of those cities to 
support circulation, Madrid and Cadiz were the 
places in from which remittances were to be 
made, and , of course, were to be sent where 
945 
stood with litthe difficulty, from the following exam- Brsbeven, 
. x 
EXC 
le, é 
e Suppose £1000 sterling is to be remitted to Cadiz, 
and the direct exchange is 40d. sterling dollar, but 
the remitter wishes to send it Holland and 
France ; it is required to know which is the most ad- 
vantageous, the direct or indirect remittance, the quo- 
tation of the course of exchange being as follows ?. 
. London on Amsterdam, 35 schillings or shillings Fle- 
mish per pound sterling. Amsterdam on Paris, 60 pence 
Flemish for the ecu of 3 francs, Paris on Cadiz, 15 
' francs for 1 doubloon of 4 dollars of exchange. 
Flemish. 
12 Pence 
emish, 
3 Francs. 
1 Doubloon. 
4 Dollars. 
1000 xX 35xK12%3x4 50400 
60x15 => = 5600 dollars. 
The perplexity produced by the endless variety of 
money denominations in different countries, has long 
been a subject of general Like the equalization 
of weights and measures, it has at different times enga- 
ged the speculations of philosophers, and sometimes the 
attention of governments. The American plan of rec- 
Koning by tenths and hundredths of a dollar, is ac- 
counted a considerable step towards simplicity, and has 
been followed in some measure by the 
Hence 
rench govern 
ment, At the beginning of the French revolution, the 
views of the enlightened men who belonged to the As- 
semblée Constituante, were directed to the formation of 
measure, The consequence has been the i uction 
ofnew denominations in both ; but so slow are 
changes of this description, that old method is still 
of France. In the 
tee of the of Commons was appointed, to make a 
report on the subje Without venturing. to go into 
the field of general disquisition, this committee put on 
record a yery clear accurate exhibition of the pre~ 
pm irerg bog whee patie hae 
a stan avoirdupois, pound in the 
Mint weighed exactly 7000 grains troy, a weight strict- 
ly ing to that of the two other avoirdupois 
sandards preserve for successive ages at the Exche- 
uer and Guildhall. 
EXCHEQUER, (Scaccarium, from the French Echi- 
quier, or the German: Schatz-kammer, Treasury), is a 
very ancient court of record, wherein the ising's ré= 
venues are received, and all causes ing re« 
basen and rights of the crown are heard and deter- 
min 
“Camden says that this court took its name from the 
table at bes they sat, the cloth wee it 
being party-coloured, or ¢ 4 it. p. 113, 
Some persons have thought there was ee 
quer under the Anglo-Saxon kings ; but our best his- 
torians are of opinion, that we derived this institution 
from the ancient Norman exchequer, and that it was 
introduced from thence by William the Conqueror, It 
fuer. 
