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[[preprinted]]
VALUES IN UNITED STATES MONEY
OF THE
PURE GOLD OR SILVER
REPRESENTING RESPECTIVELY THE MONETARY UNITS AND STANDARD COINS OF FOREIGN COUNTRIES.
[[line]]
The first section of the Act of March 3, 1873 provides "that the value of Foreign Coin, as expressed in the money of account of the United States, shall be that of the pure metal of such coin of standard value," and that "the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury."
The estimates of values contained in the following table are those made by the Director of the Mint, January 1st, 1885, in compliance with the above stated provisions of law.
[[table with four columns]]
COUNTRY. | MONETARY UNIT. | STANDARD. | VALUE.
[[line]]
| | |D.C.M.
Argentine Repub.| Peso... | Gold & silv.| 0 96 5
Austria...|Florin...|Silver...|0 37 1
Austria...|Florin...|Gold.....|0 48 4
Belgium...|Franc....|Gold & silv.|0 19 3
Bolivia...|Boliviano...|Silver...|0 75 1
Brazil...| Milreis of 1000 reis. | Gold...|0 54 6
British America..|Dollar...|Gold...|1 0 0
Central America..|Dollar...|Silver 0 93 5
Chili...|Peso...|Gold & silv.| 0 91 2
Cuba...|Peso...|Gold & silv. | 0 93 2
Denmark...|Crown...|Gold...|0 26 8
Ecuador...|Peso...|Gold & silv.| 0 75 1
Egypt...|Piaster...|Gold...|0 4 9
France...|Franc...|Gold & silv.| 0 19 3
Great Britain...|Pound sterling...|Gold...|4 86 6-1/2
Greece...|Drachma...|Gold & silv.|0 19 3
German Empire...|Mark...|Gold...|0 23 8
Hayti...|Gourde...|Gold & silv.| 0 96 5
India...|Rupee of 16 annas....|Silver...|0 35 7
Italy...|Lira...|Gold & silv.| 0 19 3
Japan...|Yen...|Gold & silv.| 0 81 0
Liberia...|Dollar...|Gold...| 1 0 0
Mexico...|Dollar...|Silver...|0 81 6
Netherlands...|Florin...|Gold & silv.| 0 40 2
Norway...|Crown...|Gold...|0 26 8
Paraguay...|Peso...|Gold...| 0 92 5
Peru...|Sol...|Silver...|0 75 1
Porto Rico...|Peso...|Gold...|0 92 5
Portugal...|Milreis of 1000 reis...|Gold...|1 8 0
Russia...|Roubl. of 100 cop'ks|Silver...|0 60 1
Sandwich Islands|Dollar...|Gold...|1 0 0
Spain...|Pseta of 100 centim.|Gold & silv.|0 19 3
Tripoli...|Piaster...|Gold...|0 4 4
U.S. of Columbia|Peso...|Silver...|0 75 1
Uruguay...|Patacon...|Gold...|0 94 8
Venezuela...|Bolivar...|Gold & silv.|0 19 3
[[/preprinted]]
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[[start page]]
[[preprinted]]
BUSINESS LAW IN DAILY USE.
[[line]]
The following compilation of business law contains the essence of a large amount of legal verbiage:
If a note is lost or stolen, it does not release the maker; he must pay it, if the consideration for which it was given and the amount can be proven.
Notes bear interest only when so stated.
Principals are responsible for the acts of their agents.
Each individual in a partnership is responsible for the whole amount of the debts of the firm, except in cases of special partnership.
Ignorance of the law excuses no one. [[strikethrough]] [[?]] [[/strikethrough]] ^[[checkmark]]
The law compels no one to do impossibilities. ^[[checkmark]]
An agreement without consideration is void.
A note made on Sunday is void.
Contracts made on Sunday cannot be enforced.
A note by a minor is void.
A contract made with a minor is void.
A contract made with a lunatic is void.
A note obtained by fraud, or from a person in a state of intoxication, cannot be collected.
It is a fraud to conceal a fraud.
Signatures made with a lead pencil are good in law. ^[[checkmark]]
A receipt for money is not always conclusive. ^[[checkmark]]
The acts of one partner bind all the rest.
"Value received," is usually written in a note, and should be, but is not necessary. If not written it is presumed by the law, or may be supplied by proof.
The maker of an "accommodation" bill or note (one for which he has received no consideration, having lent his name or credit for the accommodation of the holder) is not bound to the person accommodated, but is bound to all other parties, precisely as if there was a good consideration.
No consideration is sufficient in law if it be illegal in its nature.
Checks or drafts must be presented for payment without unreasonable delay.
Checks or drafts should be presented during business hours, but in this country, except in the case of banks, the time extends through the day and evening.
If the drawee of a check or draft has changed his residence, the holder must use due or reasonable diligence to find him.
If one who holds a check as payee or otherwise, transfers it to another, he has a right to insist that the check be presented that day, or, at farthest, on the day following.
A note indorsed in blank (the name of the indorser only written) is transferable by delivery, the same as if made payable to bearer.
If the time of payment of a note is not inserted, it is held payable on demand.
[[/preprinted]]
