Democratic Sentinel, Volume 17, Number 48, Rensselaer, Jasper County, 15 December 1893 — The Use of Paper Money. [ARTICLE]

The Use of Paper Money.

Almost, if not quite, all civilised countries use paper money to facilitate payments within their own jurisdiction, says the Globe-Democrat. The United States use paper money to a greater extext than any other country, and in notes of smaller denominations than anv other country of equal importance. All of our paper bills except the gold certifloutes are in the the denominations of sl, $2, $5, $lO, S2O, SOO, SIOO, SSOO and $1,000; our gold certificate! do not appear in denominations less than S2O. The Dominion of Canada issues .$1 and $& notes, and various banks issue notes varying from $5 to SI,OOO. Mexico issues paper money of 10 pesos -and upward and the Bouth American States issue paper of similar denominations. The Bank of England issues all English notes in denominations of £O, £lO, £2O, £SO, £IOO, £2OO, £3OO, £SOO and £I,OOO. The banks of Sootland and Ireland issue notes of £1 and upward. The Bank of France issues notes for 00 frances, 100, 200, 500 and 1,000 francs. The Bank of Belgium issues notes of 20 francs and upward. Italian banks issue notes of 1 lira and upward to 1,000 lire. The Bank of Germany puts out notes for 5 marks and upward to 1,000 marks. Austria issues notes of 1 gulden and upward. Russia is the only European country which issues government notes, its paper money being of the denomination of 1 ruble and upward. Sweden, Norway and Denmark issue by their banks Dotes for 5 krone, 10, 25, 50 and 100 krone. India does not issue paper money, nor does China now, Japan provides paper money of 1 yen, 2,5, 10, 20 and 100 yens, and the other countries, as a rule, issue paper money, the lowest denomination of which is usnally ten times the value of the coined unit of value.