RELATIVE VALUE OF GOLD AND CUEEENCY. 



243 



pay the interest at 6 per cent, in gold, instead of 7.30 per 

 cent, in currency. 



By Six per cents, of '81 is meant the 6 per cent, gold- 

 bearing bonds which cannot be redeemed by Government, 

 except by purchase, until after maturity. 



RELATIVE VALUE OF GOLD AND CURRENCY. 



To ascertain the value in gold of a " greenback " dollar 

 or National currency, at the different quotations of gold : 



RULE. Divide $1 by the quoted value of $1 in gold ; 

 the result will be the value of a dollar in currency. 



EXAMPLE. When gold is 33 per cent, premium what 

 is the value of $1 in currency ? $1.004-$1.33=.T522. 



NOTE. In the following table the decimals are carried 

 to mills and tenths of a mill. 



TABLE, showing the greenback value of $1 at the different 

 quotations of gold. When gold is at 



.01 pr. ct. prem. a greenback j 

 dollar is worth . .99 



.02 9803 



.03 9708 



M 9615 



.05 9523 



.06 9433 



.07 9355 



.08 9259 



.09 9174 



.10 909 



.11. .9009 



.12 pr. ct. prem. a greenback 

 dollar is worth.. .8929 



.13 885 



.14 8771 



.15 8695 



.16 862 



.17 8564 



.18 8474 



.19 8403 



.20 8333 



.21 8264 



.22.. ... .8279 



