All Taxes, Duties And Imposts, That Extend To The _Whole Union_, Are Levied In These Coins _Only_.

The other federal coins, like the english guineas and crowns, never appear on the public accounts.

Those of _gold_ are eagles, half eagles, and quarter eagles, value ten, five, and two and a half, dollars: of _silver_, the half, quarter, tenth, and twentieth of the standard dollar; or fifty, twenty-five, ten, and five cents: of _copper_, the half cent, or two hundredth part of a dollar. The principle on which this coinage is formed is so very simple, that the proportion they bear to each other, and the standard dollar may be found with the utmost facility. Indeed little else is wanted than the adding or cutting off figures or ciphers: for instance, the public accounts being kept in two columns, dollars, and cents; suppose in adding up the latter, you find they amount to 27621, you have only to cut off the two right hand figures, and their value stands thus; 276 dollars, 21 cents. To reduce eagles to dollars, add a cipher, and vice versa. To reduce half, and quarter eagles to dollars, you have only to divide by 2 or 4 previous to adding the cipher.

But though the federal government has succeeded in establishing it's coinage, the _people_ cannot be persuaded (the wholesale merchants, and a few enlightened citizens excepted,) to come into this scheme; _they_ obstinately insist on buying, selling, and keeping their accounts in the _good old way of their fathers!_ that is to say, in _currency_, by pounds, shillings, and pence; and nothing can be more complex, as they have not a single _coin_ in circulation of the _real_ or _nominal_ value of any of them.

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