point.

MONETARY SYSTEM OF THE UNITED STATES, 1915

Metals | Weight, grains | Fineness |Ratio to gold
1. Gold coins | 25.8 | .90 | 100
2. Silver dollar | 412.5 | .90 | 15.988 to 1
3. Silver, subsidiary | 385.8 | .90 | 14.953 to 1
4. Nickel (5 cents) | 77.0 | .25 | ...........
5. Copper (1 cent) | 48.0 | .95 | ...........
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Metal |Limit of issue | Legal tender for|Receivable for
| | private debts |public dues
1. Gold coins | Unlimited. | Unlimited. |For all
2. Silver dollar |Ceased in 1905 | Unlimited. |For all
3. Silver, | Needs of the | $10 |$10
subsidiary | people | |
4. Nickel (5 cts.) | Do. | 25 cts. |25 cts.
5. Copper (1 ct.) | Do. | 25 cts. |25 cts.
| \ |
_Paper_ | | |
6. Gold certificates|Unlimited in ex-| No |For all
|change for gold | |
7. Silver |In exchange for | No |For all
certificates | silver $ | |
8. US notes | No new issues. |Unlimited. |Except customs
9. Treasury notes | No new issues. |Unlimited |For all
of 1890 | | |
10. National bank |Capital of banks|No |Except customs
notes. | | |
11. Federal reserve |Per cent. of |At banks of |For all
notes. | gold reserves |reserve system |
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Metal |Exchangeable at |Redeemable at |In circulation
|treasury for | treasury in |Oct 1, 1915
1. Gold coins |Gold certificates| |616,000,000
|U.S., Treas., or | |
|Fed, res. notes | |
2. Silver dollar |Silver | |65,000,000
|certificates | |
3. Silver, |Minor coins |Lawful money[a]|
subsidiary |