The Financier

Silver was first coined ia Rome In B. C. 269, when Fabius Pietor set up a mint. Tobacco and warehouse receipts issued after it was stored were both used in Virginia as money. In theworld's mints from 1850 to 1890 there were coined 9,194 tons of gold aud 81,235 tons of silver. From 1062 to 1690the accounts of the New Netherlands were kept in wampum, beaver and raccoon skins. The Romans issued private or consular coins which bear the names of every leading Roman family. In 1,000 ounces of our gold coinage there are 900 ounces of pure gold, 10 ounces of silver and 90 of copper. A Roman mite was 35 hundredths of a cent; a farthing was 68 hundredths; a penny, 13.75c.; a pound, 13.75. Germany had last year L122,000,000 gold, L45,000,000 silver, L71,000 000 paper- a total of L238,000,000, or L5 to each inhabitant. The amount of paper money issued by the revolutionary government of France between 1700 and 1796 is estfmated at $9,000,000,000. The paper money issued by the first French republic feil to less than 1 per cent. A pair of boots cost 7,500 francs, a pound of butter 750. In 1600 the world had in circulation L29,000,000 gold, L102,000,000 silver and no paper. In 18S0 there were L840,000,000 gold, L801.000.000 silver and L771.000.000 of nMnpr money- a total of