| Show CLAIR WINNER OF CONTEST IN ES ESSAY S AX V ON AMERICAN A MERIC COINAGE when clair newen of winter quarters a age 14 crows grows up he will ill probably be a banker at least present indications point that wa foi fol be he has been beer shuping ing the of anoney money and how our national coinage system first began so thoroughly that he lie has won the first grand pro of 10 offered b the helper stat bunk for the best beat essay on the subject the tile beginning of our national cointo age this contest was started about maich blatch and was limited to boys and girl of the grammar grades of carbon cou county n ty in ivery every school room sa fn the county and in many other facea aces hanff liing calendars issued by tie tle helper state bank bearley lr aull a full re production of a painting intine pa by john ward dunsmore Dung more entitled washing ton inspecting first money coined by the U S and it was the pur chae chase and anti distribution of these calen dars that first suggested the offering of 0 these prized s the first local prize in district number I 1 of thu tho carbon count school amt act w given to meb nebi haymond ef f V antei bicet quarters and the second to monte jacobsen of si the flask pm p m ma of district number 2 a is 0 hen en to olive reid and the second to florence good both of helper the first in district number 3 WAS given to Cathe catherina rind 6 cullerton Pul lerton and the tile second to isaac miller sillier both of ewell the first paize in dariot number 4 was given glen to clarissa Caris ga jones and anti the second to horace mcclure wit son both of price there being but one contestant from district number 13 first prize was gien to ilene liddell of well il impton i here la Is the essay that won the grand county prize as written by can clait THE BEGINNING OF OUR NATIONAL COINAGE in the earlier days of the col colonies onles the current coinage of gold and silver from england portugal and spain wese tb eso coins belig belag the tile people were often foicey to birter their commodities As trade increased the want of current money was more sensibly felt to meet this increase in demind the different colonies often times issued paper money called bills of exchange at the beginning of the revolution tion the new rovern government ment confider Con feder acy I 1 had not the immediate power to raise money by taxation to meet their expenses thay they therefore print cd ed a quantity af 0 f paper bills each ex e pressing to be the value of a certain number of spanish milled dollars from front one to thirty for the first year of war these bills passed at pir with dilver but ai act a great amount was taken out of the country to pur chase supplies the bills decreased in value in 1870 to the astonishing ratio of one to to sixty or seventy this precious metal circulated at first in iho lorm torm of oi a id and laud silver bars gold dust and nug nuggets gets thea pissed by those who received them had to provide mens means for weigh ing bleir genuine the age of weighing wel ching and testing these money met metta I 1 w was aa next remedied by I 1 coinage the first step was to stamp a br bir ring or wire of gold goli or silver in order to certify its weight and fineness usually this is done clone by the government in the art of coinage have led comers coiners to stamp both sides of tho the coin cola and to mill the edges this prevents clip ping the coin or otherwise tampering with it since wh attempts deface the coin and can call easily be del det eted ilo No ceover upon coins are made delicate aud and intricate in order to make counterfeiting difficult A well developed coinage makes it possible i v bior noney to pass by count and a nd exchangers no longer nied to resort to keighin sei ghin in s order to avoid being cheated massachusetts led the tha colonies in la the coinage of money captain cartain john hull wis ws appointed appoint eti official coiner and rind wai wa to receive every twentieth ahill ing for hit hir bhea COTs wre were called the pine tree shil still lings they were made from household silver in 1786 1 be congress of tho the con federation chose as the unit of the united ted st altes the dials ur or 04 64 grains of pure silver thia unit had its origin in to the spanish or milled dollar which lonati buted the basis of the me talie ciraula lation of tho the englon colonies in S america it was never coined there being at that time no mint in the united stated the act of april 2 1792 estall sm dished the flat monir tary of the ie united bt i to t i thi baags of the system wai 1 2470 14 75 emins 01 pire told gold und stamped in alece 1 8 of 10 lo 15 2 50 dt respectfully farles eagles half halt balts ind quarter lu arter va 0 E ciolli dol braut rs of unit contain icik dg 25 g grains r 1 ain of 0 pure silver k mint was estable established hed the th coinage was unlimited ind there was no mint charge the ratio of gold to silver in coinage wis one to fifteen both cold gold and silver were le leil il tender thus the standard api wp double ind stid WAS ulso also on d s J ji ani b abisia asis Ap 0 o the aboc jet let se set drury of the treasury alexinder Alexin dir was giten charse charge of the work of a mint nd ind coinage Pres president dent took knuth interest in this ritia gov elij ment merit enterprise when ane machinery WM finally ins installed the arat coins struck were called Washing washington tots allf alf dimes ditties mule made of the pret presidents ident s own houe hou e hold hilver s |
