Valics; Or, the Science of Value (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900. Excerpt: ... CHAPTER XVIII. Money Coinages and Weights of the World. Sometimes in this chapter we will use the signs Au., Ag. and Cu. being the chemical symbols for gold, silver and copper, or Aurum, Argentum and Cuprum, and they always mean chemically pure gold, silver or copper, or what in the case of gold is called "fine gold;" of course there can, truly speaking, be no gold but fine gold. Looseness of thought or expression in this regard leads to some confusion, for instance the money of the U. S. is said to be gold.900 fine in gold and the rest copper. Now as a matter of very accurate statement the money of the U. S. is not gold but is an alloy of gold and copper, but the word gold is applied everywhere in England or America or wherever English is spoken, to any conceivable alloy high in gold, and to be clear we say that a certain gold is so many thousandths fine, for instance U. S. coin gold is Jv gold and is therefore.900 fine, the rest, or.100, is copper. But suppose that we should say, the money of the U. S. is gold.900 Au..100 Cu. it would be short and clear, and this is the system we shall pursue in some cases at least in this chapter. The data for most of this chapter was compiled from the Statesman's Year Book for 1900 published by McMillan & Company, London, and from the very excellent work entitled 'The World's Metal Monetary. Systems," by John Henry Norman, member of the London Chamber of Commerce, published by G. P. Putnam's Sons, New York, and in London by Sampson Low Marston & Co., price $2.00. EUROPE. SCANDINAVIAN UNION. Norway, Sweden, Denmark and Iceland. By a treaty signed May 27, 1873, with additional treaty signed October 16, 1875, Sweden, Norway, and Denmark (Iceland is a dependency of Denmark) adopted the same monetary system. The Swedish Kr...