Journal of Social Science, Vol. 9
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Excerpt from Journal of Social Science, Vol. 9: Containing the Transactions of the American Association, December, 1879 During the Saratoga meeting of 1879, several matters of business were transacted by the Association and its Departments. On September 10, upon motion of President Barnard, of Columbia College, a committee of five was appointed (after the submission of a paper by Robert Noxon Toppan, of New York, on The International Unit of Money), to consider and report on the subjects of weights, measures and coinage. The Chair appointed as such committee, President F. A. P. Barnard, of Columbia College; Robert Noxon Toppan, of New York; Prof. William Watson, of Boston; Francis A. Walker, of New Haven, and Prof. Julius E. Hilgard, of Washington. On the same day this committee, through Messrs. Barnard, Walker and Watson, reported the following resolutions, which were adopted: I. International Coinage. Whereas, All the efforts which have been hitherto made by diplomatic correspondence or by international conferences, to effect the unification of the monetary systems of the world, have signally failed; and whereas, such failure has been evidently owing to the fact that the world is not yet prepared and cannot be induced to adopt any single monetary system, no matter how manifest its merits, to the entire exclusion of all those which use has made familiar; and whereas, the creation of a system of coinage for international purposes does not appear to involve the necessity of displacing or interfering with national systems already existing, while, if established on a judiciously chosen unit, such international system may blend with and form a part of all local systems; and whereas, the gram weight of gold, nine-tenths fine, affords a value in sufficiently convenient relations with the gold coins of the principal commercial nations, to serve as such international unit; therefore, Resolved, That the creation, by convention between the leading powers of the civilized world, of an international coinage, founded on the gram weight of gold, nine-tenths fine - the coins of such systems to bear no denominational stamp but that of their metric weight - would, in view of this Association, contribute materially to facilitate the business of international exchanges, and would constitute an important step toward the possible unification of all the monetary systems of the world. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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