Parowan Times | 1931-09-04 | Page 6 | Explaining Origin of American Dollar Sign

explaining origin of american dollar sign sigm in des temps nouveaux Nou veaux charles charlea prince explains for french readers the origin of the american dollar sign lie he relates that spain in the fifteenth century when practically all the worlds gold was carried to the iberian peninsula from the mines of south america designed a coin of eight reals value which bore on one of its faces a representation of two columns the columns of hercules intertwined by a in the form of a letter S bearing the inscription script lon plus ultra englishmen called these coins pillar dollars taking the word dollar from the german coin known as a It baler when the united states congress in 1787 decided to strike a coin known as a dollar with ith the same value as the spanish pillar dollar dol lir 11 accountants naturally used as the sign for this new coin the old device of pillars intertwined with a garland m which Is so well known today in the form of an S with a double bar exchange