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North Carolina Newspapers

Daily Concord standard. (Concord, N.C.) 1895-1902, July 06, 1895, Image 1

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r ARB Vol.-XL No. 59, CoruOHI), N. 0.t SATURDAY, JULY 0; 1895. WnonE NO. 1.160 AND jLJ L iViLlLJiL S3 - i 4 i fat ft 3 I J MONEY. NO. 4. Vv hen silver and gold first began to be used as money, can not be an swered. It was many ages back in the history of the world. The met uIs eeem to have been current by weight in the first transaction of (,-h!ch we have any definite informa tion. Thus we are told that Abra ham weighed unto Ephraim tour hundred snekels of silver current r.iouef with the merchant, also that Jeremiah weighed unto Hanameel seventeen shekels of silver. It .?eew3 that Abraham and Jeremiah nere not troubled by ratios, but p!Y6 the money by weight, that is at its bullion value. Traders in ancieut time3 were accustomed to icrh the metals, thus assuring fair payment for their purchases and sales. It is evident that it would be a sreat hmderance to trade and coia- ,ii?r.e, it the money had to be in every transaction at the we: Many difficulties nnd many disputes "Ml cvocH no .! n b t take place. Scales i i ;L.:-- might not agree. n 3 ::ra balance heavier might weight SiiOVi' crchants. The two b. -es might not register just t.:-:ctly the same at one time as at mother. Charges of cheating would fcilow. Th? difficulty might bo o'.vrccn'e by electing a county money weigher just as some of the co'inties have county cotton weighers, but even this arrangemeat c a not be very convenient or satisfactory. Many persona are willing to have another weigh their cotton, but would hesitate 'tc favor having another weigh their money. Under such a system if a farmer sold his cotton, the county cotton weigher would toll him how many pounds of cotton he had, the county money weigher would weigh the money to be paid for the cotton. It being inconvenient for every person to . haye a balance, and es pecially iiiccLvenient for eyery per son tc weigh money, governments have found it better to do the weigh ing for the people. It is right that the' government should do the weighing. People have more con fidence in their government th?r they haye in one another. They be lieve that the government will act fairly in the matter of weighing, but they place no such confidence in their neighbors. The government can have no motive for giving false weight, whilst an individual might be disposed to have his balance so arranged as to give heavy weight when weighing into his pocket, and light weight when weighing out of it. When governments undertook to weigh money, it wa8 necessary that the money should be weighed in pieces convenient for handling. The shape was immaterial. The pieces could be round, square, or any other shape which might suit the fancies ot the people. Kound pieces have been deemed the more convenient and accordingly that shape is found to prevail among civilised nations. Convenience of handling is not the only element de sirable in a piece of metal weighed by the government. The piece should be properly itamped, and the edge sharply milled, bo thatit ia not easy to imitate or counterfeit it. w' v.. There have always been iren who would rather make money than to work for it. Those men must be gucrded against. This u;. i.liiLg, weighing and stamping pieces of metal to be used as money is called coining money and the pieces are called coins. The coins are of given weight, and the metal of given fine ness, or so nearly so as to come with in the limit of legal tolerance, which is very 'near but not exactly the weight intended by the law. The following are the gold and silyer coins of the United States in circulation at present : GOLD COINS. Twenty dol'ar piece, weight 510 grains; $10 piece, weight, 258 grains; $5 piece, weight 129 grains; $2 piece, weight G1.5 grains; $3 piece, weight 77.4 grains. Coinage of three dollar pieces d if con tinned September 20, 1890. One dollar piece, weight 25.8 grains, coinage discontinued September 26, 1800. SILVER COINS. One dollar piece, weight 412 5 Trade dollar, weight 420 grama grain? ; coinage prohibited March 3, 1327. The- trudo dollar coinage was limited to export demand, jbait dollar, weight 192.9 grains; Quarter dollar, weight 90.45 grains; Twenty cent ricce, weight 77.10 grains ; coinage prohibited May 2, 1S78 ; Dime, weight 3S.58 grains; half dime, weight 19,2 grains; coinage discontinued Feb. 12, 1S73 ; three CC;H t piec?, weight 11.52 grains, coin age discontinued Feb. 12, 1873. All the coin3 aboye named are nir.'v tenths fine, i. e. nine-tenths pure metal and one-tenth alloy. It should not be overlooked that the weight of the half dollar is not equal to half tha weight of the silver dol lar, By making the halves, quarters, dimes and half disies light weight bullion dealers are prevented from melting and selling them as bullioa. The gold coins and the silver dollar are legal tender for unlimited amounts. The halves, quarters, etc. are legal tender for sums not exced ing ten dollars. Nickel, copper and bronze coins not named above are legal tender for eums not exceeding twentyliVe cents. Now without any reference to the standard of value let us see what the government stamp signifies. Take for example 25,8 grains of standard gold, which has been prepared for the stamp. This piece of meH the government stamps one dolkr. The question might arise, just at what stage of the proceeding did tha piece of gold become one dollar; v as it a dollar before trie stamp was pat on it, or did it not become a dollar until the stamp had been put on it. This question may be answered by asking another, viz : Is the word dollar a real something or is it only the name of something. If it is a real something what is that real something, if it's only the name of a real something what is that real something ? .Let the answer in either case foil tne present be 25.8 grains ot standard gold. Evidently the piece of metal became a dollar just at' the moment it became nine tenths fine, and weighed exactly 25.8 grains, The government stamp is nothing more than a cer tificate stating that the piece of metal is of the required weight and fineness. The dollar was just as honest before the stamp was put .on it as it is afterwards. If it was not, (Concluded on Second page.) OUSTED THEM. An Alliance ?.' Jlertlntf Broken lTp TVI?no!t Pen if''on T!spy HK?t in Hlil iV.'iO'vs Hull Fifteen Ken Waited tTpon Them. They were swooped down upon unexpectedly and ousted. For several weeks on Friday nights, a crowd of Populists and agitators have been assembling in Odd Fellows Hall, in the J M Burrage building on North Main street, under the pretence of an Alliance (?) meeting Farmers AK liance without permission or even knowledge cf the Odi Fellows, who have the hall rented. About 9 o'clock Friday night fif teen of the members of Lodge No. 02 called at their hall, in company with a Standard reporter, and beheld the following farmere(?) who had gathered for an Alliance meot : Bill Junker, who was chairman, J M Barrage, Chai les Parnell, John McLelland, W M Teddington and O A Pitts, We failed to notion-the presence cf the ::r,and trio, which was probably in caucus elsewhere. This gloriou3 meeting of farmers FirLirs (?) AJlhncc men tss bro1-'- attendants were not slow to vacate. They did not announce the place and time of the next meeting, owing tc the fact that tii.ji wu.s precious and the members were anxios.- to leave. VThcn Baby was sick, -we gave her Castoria. When she was a Child, she crifl for Castoria. When sho became Miss, sho clung to Castoria. When sho had ChilJren, t&e pave them CastorU, In Honor of 7Hsh Jlilr. A number of young people gather ed at the home of Mr. John" A Clim on East Oorbm street, Friday nih where a party was given complimenN tary to Miss Constance Cline's guest, Miss Mattie Miller, a charming young lady of Bear Poplar, N. O. The party was indeed a pleasant one, the time having p? :sed rapidly m social converse, music, recitation etc. Ice cream, cake and fruits were served, adding much to the evening's enjoyment. INSTALLATION OF OFFICERS. Itnljilil of Pj tlifas ana Ort! Fellow Place Their Men at Keccnl Meetings. At their meeting Friday night the office b ay 1 j were elected at :i pre vious meeting, the Knights cf Pythias installed the following mem bers 3 officers : W W Morris, C. C; H M Barrow, V. O.; J O Fink, P.; Geo. L Patter son, K. of R. & S.; J F Yorke, M. of F. ; C E Alexander, M. of E,; A B Correll, M. of W.; S B Hammer, I, G. ; A D Freeze, O. G. Thursday night at their meeting the Odd Fellows installed their officers as follows : J E Carter, N. G.; W L Robbing, V. (j.; W A Wilkinson, treasurer; R F Coble, recording and financial sec retary. Minor officers w;ere also ap pointed and were duly sworn in. Backin s Arnica Satve, The Best Salve in the world h. Cuts, Bruises, Sores, Ulcers, Salt Rheum, Fever Sores, Tetterd,Chappe Hands, Chilblains, Corns and all Skin Eruptions, and positively cures Piles or no pay required. It is guaranteed to give satisfaction or money refunded. Price 25 cents per box. For sale at P. B, Fetzer's Drug 8tor 1 CANNONS & GIVING THESE THINGS AWAY WITH III ! fei5f J" .j 1 SI I t!n & COME CANNONS I .', t n - i ii FETZg-R'S 1 ?wb'.-t? 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