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The E-Sylum:  Volume 3, Number 47, November 12, 2000, Article 13

NEW FEDERAL MONEY 

   Edward A. Krivoniak writes: "I've just finished re-reading 
   "Of Time, Space, and Other Things" by Isaac Asimov and 
   in it I found an essay entitled "Forget It" that contains 
   information of interest to numismatists.  The gist of the essay 
   was that even though scientific advances are occurring at an 
   ever increasing rate we should not give up hope of 
   understanding them because previous information becomes 
   outdated and ignored by new generations. 

   Within the essay he writes of obtaining an old  book called 
   "Pike's Arithmetic -- A New and Complete System of 
   Arithmetic Composed for the Use of the Citizens of the United 
   States" by Nicholas Pike, A.M.  It was first published in 1785 
   and a Second Edition, Enlarged was published in 1797.   It 
   supposedly is a large book of 500 pages with no illustrations 
   or diagrams. 

   The interesting thing about this book from a numismatic 
   standpoint is that it discusses the "new" Federal money which 
   came into being 11 years before the second edition.  It gives 
   the exact wording of the law and discusses it in detail.  Also, 
   since other forms of money were still in use, it lists the rules 
   for converting one system into another.  The partial listing in 
   Dr. Asimov's article is as follows: 

        I.  To reduce New Hampshire, Massachusetts, Rhode 
            Island, Connecticut, and Virginia currency: 

            1. To Federal Money 
            2. To New York and North Carolina currency 
            3. To Pennsylvania, New Jersey, Delaware, and 
                Maryland currency 
            4. To South carolina and Georgia currency 
            5. To English money 
            6. To Irish money 
            7. To Canada and Nova Scotia currency 
            8. To Livres Tournois (French money) 
            9. To Spanish milled dollars 

        II. To reduce Federal Money to New England and 
             Virginia currency: 

        III. To reduce New Jersey, Pennsylvania, Delaware, 
               and Maryland currency: 

            1. To New Hampshire, Massachusetts, Rhode Island, 
                Connecticut, and Virginia currency 
            2. To New York and  ... 

   At this point Dr. Asimov gives up but he listed enough to make 
   this extremely interesting to colonial numismatists and I would 
   assume to scholars in general." 

  Wayne Homren, Editor

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