English Money

4 farthings (qr.)          ...........= 1 penny (d.).

12 pence         ..............=1 shilling (s.).

20 shillings..............= 1 pound or sovereign().

21  shillings..............=1 guinea (g.).

English Money 210

French money

10 millimes (m.).............=1 centime (c).

10 centimes..............=1 decime (d.).

10 decimes...............=1 franc (Jr.).

English Money 211

1 franc is nearly 20 (19.3) cents.

German money

100 pfennige (pf.).............=1 mark.

A mark is about 24 cents.

Dutch money

100 cents...............=1 florin or guilder.

A florin is 40 cents.

Italian money

100 centesimi..............=1 lira.

A lira is nearly 20 (19.3 ) cents.

Spanish money

100 centimos..............=1 peseta.

1 peseta is nearly 20 (19.3) cents.

Russian money

100 copecks................=1 ruble.

A ruble is about 51 cents.

Austrian money

100 heller...............=1 crown.

A crown is about 20 cents.

Monetary units of American countries, and value of coins in U. S. money (1911)

 

Monetary Unit

Value in

Terms of U. S.

Gold Dollar

Argentina............

Peso

$0,965

Bolivia.......

Boliviano

0.389

Brazil..........

Milreis

0.546

British possessions, N. A. (except Newfoundland) . .

Dollar

1.000

Chile................

Peso

0.365

Colombia............

Dollar

1.000

Costa Rica........

Colon

0.465

Cuba............

Peso

0.439

Ecuador.............

Sucre

0.487

Guatemala

Peso

0.389

Haiti.........

Gourde

0.965

Honduras.............

Peso

0.389

Mexico.................

Dollar

0.498

Newfoundland............

Dollar

1.014

Nicaragua..........

Peso

0.389

Panama..............

Balboa

1.000

Peru..............

Libra

4.866

Salvador.........

Peso

0.389

Santa Domingo............

Dollar

1.000

Uruguay...........

Peso

1.030

Venezuela.............

Bolivar

0.187

In Argentine Republic, paper money is in circulation, convertible in U. S. gold at 44 per cent of face value. In Brazil, Chile, Colombia, Haiti, most Central American countries, the paper currency is inconvertible ; the exchange rate is now (1911) approximately $0.324 in Brazil, $0.215 in Chile, $100 paper to $1 gold in Colombia, $0.238 in Haiti, much depreciated and subject to wide fluctuations in Guatemala, Honduras, Nicaragua, Salvador. In British Honduras the monetary unit is the dollar, being worth par in U. S. gold.

Paraguay. — The Argentine paper peso, which has a value of 42.46 cents U. S. gold, circulates currently in Paraguay, as do the silver coins of Argentina. A large amount of paper money of the Republic of Paraguay is also in circulation. This money fluctuates in value, but usually a Paraguayan paper peso is worth about eight cents U. S. gold.

Other foreign coins in equivalents of U. S. money (1911)

English Money 212

The shekel of the Hebrews (silver) was probably between 70 and 75 cents in value.

The talent (silver) of the Hebrews was upwards of $2100.

The penny (value in pennies is pence, as two-pence, six-pence) is an English denomination, equivalent to about 2 cts. in U. S. money ; used also colloquially for the U. S. cent.

The shilling is typically an English denomination, practically equivalent to the "quarter" in the U. S. and Canada. In the U. S. it has different value in different regions (but now little used), due to the extent of depreciation of the pound when the decimal system was adopted. The usual values are 16 2/3 cts. in New England, and 121/2 cts. in New York and westward. In parts of the country farther south it was 131/3 cts. and 213/7 cts. A shilling is sometimes called a bit.

Approximate money-table. (Baedeker)

English Money 213

Legal rates of interest

 

Legal Rate Per Cent

Rate allowed by Contract. Per Cent

Alabama............

8

8

Arizona.......

6

As agreed

Arkansas.....

6

10

California............

7

As agreed

Colorado.........

8

As agreed

Connecticut............

6

6

Delaware.........

6

6

District of Columbia............

6

10

Florida............

8

10