A corporation formed to aid the working classes and school children to save sums of money too small to be deposited in a savings bank. Special stamps are sold by the central office to branch offices who in turn sell them to depositors. When a sufficient quantity has been saved the money may be withdrawn and deposited in a savings bank if desired.
Out of this system grew the Legal Trading Stamp.
The legal weight and fineness for coins; "standard weight," "standard fineness." (See "Standard of Weight and Fineness.") One of the best explanations of this term as used in a system of coinage is set forth in various parts of Chevalier's work " On the Probable Fall in the Value of Gold," in this language:
"When it is said that such a metal is the standard, it means that the monetary unit is a certain weight, settled once for all, of this metal. . . .
"In a word, standard and monetary unit are terms allied in the closest manner to each other, and they are synonymous the one with the other, as far as the materials of which a thing is made can be confounded with the thing itself. . . .
"The most rigorously exact meaning, perhaps, of the word standard would be to say that it is the monetary unit, the latter itself being defined by the three following conditions: the metal of which it is composed, its weight, and its fineness."
This is composed of 900 parts of pure gold or silver and 100 parts of copper alloy. An ounce of pure gold would have a coinage value of $20.671834 +, whereas' the coinage value of a standard ounce of gold is $18.60465. The coinage value in standard dollars of an ounce of pure silver is $1.2929 + and of an ounce of standard silver $1.1636.
The width between the two rails of a railroad track is standardized at 4 feet 8 1/2 inches, although there are many exceptions. Everything less than 4 feet 8 1/2 inches is termed "narrow gauge" and where the distance is greater, "broad gauge."
In the United States these "are legal tender at their nominal or face value in payment of all debts, public and private, without regard to the amount, except where otherwise expressly stipulated in the contract." Issued by the Treasurer and assistant treasurers of the United States in redemption of silver certificates and Treasury notes of 1890; sent, express paid, by the Government, in sums of $500 or any multiple thereof, for silver certificates or treasury notes of 1890 deposited with the Treasurer or any assistant treasurer.1