.

To assay and examine, in like manner, the fineness of all the other
coins which may be found in circulation within these states.

To report to the Committee the result of these assays, by them to be
laid before Congress.

To appoint, also, proper persons to inquire what are the proportions
between the values of fine gold and fine silver, at the markets of the
several countries with which we are, or probably may be, connected in
commerce; and what would be a proper proportion here, having regard
to the average of their values at those markets, and to other
circumstances, and to report the same to the Committee, by them to be
laid before Congress.

To prepare an Ordinance for establishing the Unit of Money within these
States; for subdividing it; and for striking coins of gold, silver, and
copper, on the following principles.

That the Money Unit of these States shall be equal in value to a Spanish
milled dollar containing so much fine silver as the assay, before
directed, shall show to be contained, on an average, in dollars of the
several dates in circulation with us.

That this Unit shall be divided into tenths and hundredths; that there
shall be a coin of silver of the value of a Unit; one other of the same
metal, of the value of one tenth of a Unit; one other of copper, of the
value of the hundredth of a Unit.

That there shall be a coin of gold of the value of ten units, according
to the report before directed, and the judgment of the Committee
thereon.

That the alloy of the said coins of gold and silver shall be equal in
weight to one eleventh part of the fine metal.

That there be proper devices for these coins.

That measures be proposed for preventing their diminution, and also
their currency, and that of any others, when diminished.

That the several foreign coins be described and classed in the said
Ordinance, the fineness of each class stated, and its value by weight
estimated in Units and decimal parts of Units.

And that the said draught of an Ordinance be reported to Congress at
their next meeting, for their consideration and determination.

Supplementary Explanations.

The preceding notes having been submitted to the consideration of the
Financier, he favored me with his opinion and observations on them,
which render necessary the following supplementary explanations.

I observed in the preceding notes, that the true proportion of value
between gold and silver was a mercantile pro