Excerpt from Decimal Coinage: The Plan of the Mathematicians Rejected by Commercial and Practical Men
Mr. John Paterson, Of the city'of Albany in the state of New York, chiefly occupies himself with the arithmetical part of the question, but is evidently ignorant even of. The actual state of the English coinage. The method offered in No. 8 (the pound and~mil system), the in ferior coinage of pence and farthings isallwthat would be disturbed. To leave the penny as it is, and count in pounds and pence only, would overstrain the method as used by dollars and cents the transition from the pound, as the unit or base of the system, to its 24oth part, producing too great an accumulation of figures in a column, and thus tending to beget. An aversion. To a.subsequent resort to the Decim'al System. The preceding Objections apply still more forcibly to the schemeof pounds and mils, although therelation of unity to its one thousandth part is more readily apprehended than that of 1 to 960, the ratio of the pound to the present farthing. - p. 141.
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Paperback. Zustand: New. Print on Demand. This book examines the proposed Decimal Coinage Commission and the controversy that has surrounded it. The author seeks to unveil the true state of public interest in the decimalization of currency and accountancy, questioning whether there is truly demand for the reform. Drawing on responses from various experts in the banking industry, The author shows that while some support a shift to a decimal system, the majority believe the benefits of the change would be outweighed by the ensuing confusion and potential fraud. The reader is presented with strong arguments from both sides, and the author encourages a thorough understanding of the risks and benefits prior to implementing any reform. Ultimately, the book provides valuable insights into the complexities of currency reform, highlighting the importance of carefully considering the potential consequences before making significant changes to a nation's financial system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334430213_0
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