Book Description

Excerpt from Decimal Coinage: The Plan of the Mathematicians Rejected by Commercial and Practical Men Mr. John Paterson, Of the city'of Albany in the state of New York, chiefly occupies himself with the arithmetical part of the question, but is evidently ignorant even of. The actual state of the English coinage. The method offered in No. 8 (the pound and mil system), the in ferior coinage of pence and farthings isallwthat would be disturbed. To leave the penny as it is, and count in pounds and pence only, would overstrain the method as used by dollars and cents the transition from the pound, as the unit or base of the system, to its 24oth part, producing too great an accumulation of figures in a column, and thus tending to beget. An aversion. To a.subsequent resort to the Decim'al System. The preceding Objections apply still more forcibly to the schemeof pounds and mils, although therelation of unity to its one thousandth part is more readily apprehended than that of 1 to 960, the ratio of the pound to the present farthing. - p. 141. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.