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Article TO THE EDITOR. ← Page 2 of 2
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
To The Editor.
It is evident , on looking over the above , that the pound sterling may be divided decimally by our present coins , and that the gold and silver coins will be of the same value as compared with a sovereign as now . The copper coin will be increased in value—one penny will be the two hundredth part of a pound , instead of being , as it now is , the two hundred and fortieth part , so that there will be a loss to some one upon the copper coin . The silver will not alter in value ; for three the
pence , lowest silver coin , if it contain twelve and a half thousand parts of a pound , is still the eightieth part of a pound , the sixpence , shilling , & c . are also the same ; the only loss then will be upon the copper . Now if it was all called in by the inspectors of weights and measures , and the penny pieces were stamped by them with a five , and then put into circulation again , the two pence in the shilling gained hy government would pay the inspectors' wages , for they would of course take them in at twelve
for a shilling , and pay them out again at ten ; the halfpence and farthings would he at the same rate of profit to the government ; and the onl y silver coin which would have to go out of circulation entirely would be the four penny piece . I dare not trespass too long upon your space , but will just try one question by both methods . Multiply £ 29 19 9 by 344 Common method £ 29 19 9 + 4 = 4 10 -f- 10 + 3 = 300
299 17 6 10 + 4 = 40 10 2998 15 0 - 341 ' 3 8996 5 0 1199 10 0
119 19 0 £ 10315 14 0 10 = 500 £ 29-987-5 5 = 250 344 2 6 = 125 2 = 100 119 * 950 * 0 3 = 12 5 1199 * 500 8996 * 25
987 5 —— 5000 = 10 io 3 i 5-roo-o 2000 == 4 £ 10315 14 0 7000 = 14 Any other question in arithmetic would be just as much simplified as the above , and in a week every merchant or merchant ' s clerk would be able to tell without any ( even to himself ) perceptible attempt at calculation , how many thousandth parts would be equal to any sum under one pound sterling . I am , respected Sir and Brother , yours faithfull y , FORWARDS .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
To The Editor.
It is evident , on looking over the above , that the pound sterling may be divided decimally by our present coins , and that the gold and silver coins will be of the same value as compared with a sovereign as now . The copper coin will be increased in value—one penny will be the two hundredth part of a pound , instead of being , as it now is , the two hundred and fortieth part , so that there will be a loss to some one upon the copper coin . The silver will not alter in value ; for three the
pence , lowest silver coin , if it contain twelve and a half thousand parts of a pound , is still the eightieth part of a pound , the sixpence , shilling , & c . are also the same ; the only loss then will be upon the copper . Now if it was all called in by the inspectors of weights and measures , and the penny pieces were stamped by them with a five , and then put into circulation again , the two pence in the shilling gained hy government would pay the inspectors' wages , for they would of course take them in at twelve
for a shilling , and pay them out again at ten ; the halfpence and farthings would he at the same rate of profit to the government ; and the onl y silver coin which would have to go out of circulation entirely would be the four penny piece . I dare not trespass too long upon your space , but will just try one question by both methods . Multiply £ 29 19 9 by 344 Common method £ 29 19 9 + 4 = 4 10 -f- 10 + 3 = 300
299 17 6 10 + 4 = 40 10 2998 15 0 - 341 ' 3 8996 5 0 1199 10 0
119 19 0 £ 10315 14 0 10 = 500 £ 29-987-5 5 = 250 344 2 6 = 125 2 = 100 119 * 950 * 0 3 = 12 5 1199 * 500 8996 * 25
987 5 —— 5000 = 10 io 3 i 5-roo-o 2000 == 4 £ 10315 14 0 7000 = 14 Any other question in arithmetic would be just as much simplified as the above , and in a week every merchant or merchant ' s clerk would be able to tell without any ( even to himself ) perceptible attempt at calculation , how many thousandth parts would be equal to any sum under one pound sterling . I am , respected Sir and Brother , yours faithfull y , FORWARDS .