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TABLE OF CONTENTS.
Tables of relative values of gold and silver,
The Latin Monetary Union,
- 144, 145
Made receivable the same as coin for all loans nego-
Made receivable in payment of all loans made to the
United States; Act July 11, 1862,
Subsidiary Silver Coin Law of July 13, 1876,
PUBLIC DEBT AND FOREIGN TRADE.
Authority of the Secretary to make interest-bearing treasury
furnish a complete index to all important clauses under each general
THE MONEY SYMBOLS.
N the cover of this book are grouped, in one design,
the three emblems from which are derived the dollar symbol, $, and the pound-sterling symbol, Ł. The most prominent and interesting feature of the group is the two pillars, which were derived from the pillars of Hercules, one of the oldest symbols known to human race. Their composition with the money symbols is due entirely to the emperor Charles the Fifth of Germany, who being also king of Spain adopted them as supporters on either side of his escutcheon, and also placed them in the device on the Spanish “pillar dollar” of the value of fifty-four pence sterling, which became the unit of Federal money in America, and upon the basis of which the pound sterling was valued at $4.44.44. Charles derived the idea from the poetic conceit which gave the name of “Pillars of Hercules” to the two mountains which stand on either side the Straits of Gibraltar, vìz.: Calpe, or the Rock of Gibraltar, on the north, and Mount Abyla, in Africa, on the south. The scroll, which in the device on the dollar was twined about the pillars, has by long use been gradually modified, in making the symbol with the pen, so as to assume its present form in the dollar-mark. It is also presumed that in the pound-mark the L was substituted for the scroll, thus still retaining the two pillars which