Winnipeg (Manitoba)

750

Many of these elevations were taken at railroad levels at the re

spective places.

VARIOUS MONEYS OF CIRCULATION.

There are ten different kinds of money in circulation in the United States, namely, gold coin, standard silver dollars, subsidiary silver, gold certificates, silver certificates, treasury notes issued under the act of July 14, 1890; United States notes (also called greenbacks and legal tenders), national bank notes and nickel and bronze coins. These forms of money are all available as circulation.

Gold coin is legal tender at its nominal or face value for all debts, public and private, when not below the standard weight and limit of tolerance prescribed by law; and when below such standard of tolerance it is legal tender in proportion to its weight.

Standard silver dollars 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.

Subsidiary silver is legal tender for amounts not exceeding $10 in any one payment. Treasury notes of the act of July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract.

United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.

the

Gold certificates, silver certificates and national bank notes are not legal tender, but such classes of certificates are receivable for all public dues, while national bank notes are receivable for all public dues except duties on imports, and may be paid out by the government for all salaries and other debts and demands owing by United States to individuals, corporations and associations within the United States, except interest on the public debt and in redemption of the national currency. All national banks are required by law to receive the notes of other national banks at par.

The minor coins of nickel and copper are legal tender to the extent of 25 cents.

The coinage of the legal tender gold was authorized by the first coinage act, passed by congress April 2, 1792. The gold unit of value is the dollar, which contains 25.8 grains of standard gold, 900 fine. The amount of fine gold in the dollar is 23.22 grains, and the remainder of the weight is an alloy of copper.

The silver unit is the dollar, which contains 4121⁄2 grains of standard silver 900 fine. The amount of fine silver in the dollar is 3714 grains, and there are 414 grains of copper alloy.