Читать книгу: «Chambers's Edinburgh Journal, No. 428», страница 3
DECIMAL SYSTEM OF COINAGE
The pounds, shillings, and pence which served for the simple reckonings of our fathers, have entailed upon us a highly complicated system of accounts since we have become a great commercial people. Steam-engines, locomotives, and electric telegraphs have multiplied our transactions a hundredfold, but no adequate labour-saving machinery has been introduced into the counting-house, where the value of these transactions has to be recorded and adjusted. The simple and scientific method of computation by what is called the decimal system, is used at this moment, we are told, by more than half the human race. Not only has it been by law established in most of the countries of Europe, but throughout the great empires of China and Russia; it is penetrating the Ottoman Empire; it has obtained a footing in Persia and Egypt; and it is universal in the United States of America, whence it has made its way into several other transatlantic states. Among ourselves, the thing is approved and admired in the abstract, but we dread the trouble it would give us to fall into a method to which we are unaccustomed; and we apprehend, on very insufficient grounds, that much confusion would arise during the transition. Moreover, it is to be feared that out of a spirit of prejudice or contradiction, many would not, even under the penalties of law, adopt the change. At this moment, as is well known, certain classes of people persist in selling corn and other articles by old local measures, although at the risk of prosecution. Thus, in Scotland, we still hear of firlots, bolls, and mutchkins, notwithstanding that these antiquated measures were abolished upwards of twenty years ago. In short, it would appear that the change of popular denominations in weights, measures, and moneys, is one of the things which the law, in ordinary circumstances, has great difficulty in reaching.
This difficulty, however, ought not to be deemed insuperable. The boon given to society by the decimal system is worth struggling for. On this account, it appears highly desirable that the people at large should be made thoroughly acquainted with its principles, and be able to weigh the advantages against the difficulties of such a change. Some years ago, the subject was pretty fully discussed in several literary and commercial periodicals; and recently, Mr Taylor's little work1 has presented it in a more permanent form. Our own pages appear particularly suitable for giving wide circulation to a familiar and popular exposition of the subject.
The ancients used certain letters to represent numbers, and we still employ the Roman numeral characters as the most elegant way of expressing a date in typography or sculpture; but every one must see what a tedious business the calculation of large sums would be according to this cumbrous system of notation: nor is it easy to say whereabouts our commercial status, to say nothing of science, would have been to-day, had it never been superseded. The Romans themselves, in computing large numbers, always had recourse to the abacus—a counting-frame with balls on parallel wires, somewhat similar to that now used in infant-schools.
It was a great step gained, and a most important preparation for clearing away the darkness of the middle ages by the light of science, when between the eighth and thirteenth centuries the use of the characters 1, 2, 3, &c. was generally established in Europe, having been received from Eastern nations, long accustomed to scientific computations. The great advantage of these numbers is, that they proceed on the decimal system—that is, they denote different values according to their relative places, each character signifying ten times more accordingly as it occupies a place higher. Thus 8, in the first place to the right, is simply 8; but in the next to the left, it is 80; in the third, 800; and in the fourth, 8000. Yet we do not require to grasp these large numbers in our thought, but deal with each figure as a simple unit, and subject it to every arithmetical process without even adverting to its real value. To some, it may seem superfluous to explain a matter so familiar; but we have met with many who know pretty well how to use our system of notation mechanically, yet do not know, or rather have not thought of the beautifully simple principle on which it proceeds—that of decimal ascension.
Now, we want to see the same principle applied to the gradations of our money, weights, and measures. Instead of our complicated denominations of money—namely, pounds, each containing twenty shillings, these each divisible into twelve pence, and these again into four farthings—we want a scale in which ten of each denomination would amount to one of that immediately above it, as in our notation. And instead of our complicated system of weights and measures, we want one similarly graduated system—each measure and weight rising ten times above the former. All calculations of prices would then be made by simple multiplication. What a gala-day for school-boys when the pence and shilling table would be abolished by act of parliament, and there would no longer be the table of avoirdupois-weight to learn, nor troy-weight, nor apothecaries', nor long-measure, nor square-measure, nor cloth-measure, nor liquid-measure, nor dry-measure, but one decimal scale of weights and measures would suffice for every commodity, and there would only be their names to get by heart in order! Every one sees that there would be an astonishing simplification in this system of reckoning by tens—that the study of arithmetic would be immensely facilitated, and the business of the counting-house divested of puzzling calculations. Let us see whereabouts we are in the way towards its attainment.
About ten years ago, a parliamentary commission on the subject of weights and measures, advised the adoption of a decimal scale, but recommended as a preliminary step, the decimation of the Coinage. Regarding it as important, however, that great deference should be paid to existing circumstances, and that the present relative notions of value, so deeply rooted in the public mind, should be disturbed as little as possible, they pointed out the facilities existing in our present coinage for a re-arrangement on the decimal plan. They said that the pound might be preserved precisely on the present footing, and thus would be maintained in name the price of everything above twenty shillings in value. They remarked that the farthing, which is the 960th part of L.1, might be set down as the 1000th, which would be a variation of 4 per cent. only—somewhat less than that to which copper is liable from fluctuation of price. We have thus the units at the one end of the scale, and the thousands at the other; it remains only to interpose the tens and hundreds between them, by introducing a florin as the tenth of a pound, and a cent—equal to 2-1/2d. nearly—as the tenth of the florin. Adopting these views, the following would be the new and simple scale of money-reckoning:—ten millets, 1 cent; ten cents, 1 florin; ten florins, L.1.
Nothing was done, however, in following up these recommendations, till the subject was brought before the House of Commons by Dr John Bowring, in 1847. The consequence of his appeal was, that a coin denominated a florin, and representing the tenth of a pound, was struck, and put in circulation. It was, however, considered 'an unfortunate specimen of Royal Mint art,' and the issue was discontinued, though a few specimens still linger unforbidden among us. The matter is thus at a stand-still, and may probably not be agitated again till the people generally are more impressed with its importance, and disposed to urge it on the legislature.
The first thing wanted is obviously an abundant issue of acceptable florins. No matter though the coin be recognised by the ignorant as a two-shilling piece, rather than as the tenth of a pound; it is a decimal coin with which they may become familiar without disturbing their old ideas and modes of reckoning. The single step that would then remain to be taken is the decisive one—the introduction of the coin equivalent to one-tenth of a florin, accompanied by the withdrawal of the representatives of duodecimal division, and a legislative enactment that all accounts kept in public offices, or rendered in private transactions, should be in the decimal denominations.
The only difficulty which has appalled the advocates of the decimal system, is with respect to the cent-piece. It is said to be too small for a silver coin, too large for a copper, and mixed metals find no favour at the Mint. But if it is to be a denomination in accounts, it must have a representative coin, and a silver cent could be very little smaller than our present 3d.-piece. 'The great mass of the people,' says Mr Norton (a correspondent of the Athenæum on this subject), 'will not adopt an abstraction; you must give them something which they can see, handle, and call by name, if you wish them to take notice of it in their reckonings.' Mr Taylor, and some other writers, have proposed to evade this difficulty by passing over the cents altogether, and counting only by pounds, florins, and millets. The French, say they, have in theory a decimally graduated scale, yet they always reckon by francs, and cents, which are 100ths of francs; the intervening decime being ignored in practice. So, likewise, the Americans have the dollar, the dime (its tenth part), the cent (its hundredth), and the mill (its thousandth). 'It is now nearly thirty years,' says Mr John Quincy Adams, in his report to Congress in 1821, 'since our new moneys of account have been established. The dollar and the cent have become familiarised to the tongue, but the dime and the mill are so utterly unknown, that now, when the recent coinage of dimes is alluded to, it is always necessary to inform the reader that they are ten-cent pieces. Ask a tradesman in any of our cities what is a dime or a mill, and the chances are four in five that he will not understand your question.' This, however, we cannot help considering one of the greatest inconveniences of transatlantic and continental reckonings. We are accustomed to talk of amounts in as small numbers as possible; and one of the great advantages we see in decimal gradations is, that we should never have a number above 9, except in pounds. There is something not only troublesome but indefinite, in the idea of ten and twenty in comparison with one and two; and a French account in francs bewilders us when it amounts to thousands and millions. Probably the half and quarter francs of France, and the half and quarter dollars of America, have been the means of exploding the decimals next below them; and on this ground we differ from those who plead for the continuance of our present shillings and sixpences, as half and quarter florins. The shilling is a coin so inseparably connected with 12 and 20, that no decimal system will obtain while it exists. It is useless to say, that it would be retained only as a circulation coin, and not as a denomination in accounts; for so long as we have it at all, we will certainly reckon from it and by it. For purposes of common barter, there ought to be a two-cent piece, a four-cent, and perhaps a seven-cent; and thus we shall be compelled to think decimally. 'If it is worth while to alter at all,' says Mr Taylor, 'ought we not to go the whole required length, and aim without timidity at the possession of a scale complete at once within itself, and so escape an indefinite prolongation of the purgatory of transition? In a change like the one under consideration, the work of pulling down an old system is far more difficult than that of building up another, and every prop must be removed before it will fall.'
With respect to the copper coins, there seems to be no hurry about disturbing them. It appears that the Dutch stiver and the French sou have maintained their place in spite of legislation. So, probably, would the English penny, and properly enough as a 4-millet piece. We fear our poor people would feel it to be an attempt to mystify them, were the government to withdraw this familiar coin and substitute a 5-millet piece, as some have recommended, for the sake of establishing a binary division of the cent. It would, doubtless, be considered desirable, as an ulterior measure, to have a more exact copper coinage, marked as one millet, two millets, and four millets; but when we have, without scruple, passed as the twelfth part of a shilling the Irish penny, which is really only the thirteenth part, we may, in the meantime, use our present copper money, which will differ only a twenty-fifth from the new value attached to it—a discrepancy of no consequence, except to the holders of large quantities, from whom the Mint would be bound to receive it back at the value it bore when issued. These coppers, however, ought not to be used beyond the value of the cent, for then would arise the confusion of dealing with the 100 millets in the florin, or what would popularly be termed an odd half-penny in every shilling. For the same reason, the adjustment of prices, in order to be equitable, should be calculated downwards from the pound and florin, not upwards from the penny. Thus, if a labourer's wages have been 1s. 3d. a day, his employer must not say that 15 pence are 60 farthings—that is, 6 cents; but 1s. 3d. is five-eighths of a florin, which amount to about 6 cents 2 millets.
Such is the plan which has been officially laid down for a decimal coinage, and such the steps needful to carry it out. The only scheme we have seen which materially differs from it is that of Mr H. Norton. He selects for the highest denomination the half-sovereign, and proposes to call it a ducat. The shilling, as now in use, would then be the second denomination; the third, he proposes, should be a cent, equal to about 1-1/5th of a penny, and which, he says, would be fairly represented by our large unmilled pennies, if newly christened; the fourth denomination to be a 'rap,' the tenth of the cent, and somewhat less than half a farthing. The great advantage adduced in favour of this scale is, that it would be much more likely than the other to secure general adoption. The removal of the pound, he says, affects chiefly the higher and educated classes; it leaves the shilling, which is the staple and standard for the masses, and also the penny, with slight alteration, accompanied by the utter removal of the old one. It is also said, that a half-farthing piece would be a great boon to the poor, especially in Ireland. The circumstances alleged in recommendation of this scale, are just what appear to us to be its defects. The continuance of the poor man's penny would not appear a boon if he found there were to be only ten of them for a shilling; especially as many small articles, which were a penny before, would probably be a penny still, the dealers not finding it convenient to adjust the fraction. We well remember the dissatisfaction of the poorer classes in Ireland at the equalisation of the currency in 1825. Hitherto, the native silver coins had been 5d. and 10d. pieces, a British shilling had been a thirteen-penny, and a half-crown, 2s. 8-1/2d. This half-crown was the usual breakfast-money of gentlemen's servants—that is, their weekly allowance for purchasing everything except dinner. When the servant now went to the huckster's, and got, as heretofore, 6d. worth of bread, 9d. worth of tea, 4d. worth of sugar, and 5d. worth of butter, there was only 6d. of change to buy another loaf in the middle of the week, instead of 8-1/2d., which was wont to afford, we will not say what, over and above. It is for a similar reason that we say, if there remain anything which can be either identified or confounded with a penny, it should be lowered rather than raised in value. Small prices are not easily adjusted, and the temptation in the other case lies on the side of the dealer not to alter them. It is more certain, for instance, that a baker will take care to divide 2s. worth of bread into twenty-five penny-loaves, when a penny comes to be the twenty-fifth of a florin, than that he will divide 1s. worth into ten only, if a penny become the tenth of a shilling. And it would be less hardship for the poor housekeeper to find her penny-loaf 1-25th smaller, if she could discern the reduction, than to get only ten for her shilling, even if they were a fifth larger. Besides, we should feel it to be a poverty-stricken thought, that our internal commerce should be reduced to barter in half-farthings' worths, and that our merchants and bankers should have no denomination above the value of 10s. for the enormous sums which figure in their books.
The subject of names is worth a remark or two. The commissioners recommended 'florins,' as affording facilities to foreigners for understanding our monetary system; and in this respect it has advantages. 'Cent' and 'millet' are easily enunciated, and they convey to the educated classes, whether at home or abroad, the relative value of the coins. We cannot say, however, but we would prefer a more familiar nomenclature than florins, cents, and millets. Mr Norton's suggestion, that the names should not only be capable of easy and rapid utterance, but that they should be of the same Teutonic origin as our shilling and penny, is worthy of serious consideration. Dr Bowring, who advocated a strictly decimal scale, suggested the names, 'queens' and 'victorias' for the two middle denominations, leaving pounds and farthings as they were. Now, if it be deemed proper to change the name of the unfortunate florin when it makes its reappearance, 'queen' would be a very pretty substitute; but 'victoria' would soon be mangled down to its first syllable. If this style of nomenclature be preferred, 'prince' would be a more suitable name for the little cent-piece. Mr De Morgan is for 'pounds, royals, groats, and farthings.'
But 'royal' is not capable of rapid enunciation, and 'groat' is decidedly objectionable for designating ten farthings, as it is still sacred to fourpence in the English mind. Whatever the names, the full enunciation of them at first would appear stiff and solemn; but abbreviated modes of expression would soon be established. 'Four-two' would be understood as L.4, 2 (florins), while 'four and two' would convey four florins, two cents. When three denominations were used, it would be 'four-three-two,' there being little danger of a misunderstanding as to whether the 'four' were pounds or florins. So, in writing, it would only be necessary to write after any sum the name of the lowest denomination, as 48, 3, 7c., which would be known as L.48, 3 florins, 7 cents; or, to add ciphers for all lower denominations, as 48300, which, whether pointed or not, would convey L.48, 3, 0, 0.
In a future paper, we will resume the subject of decimals, viewing it with reference to weights and measures; when its advantages will more fully appear, by the facility it affords for the calculation of prices.
