240 dol. more; and at the end of 12 months, their gain is found to be 3446.4 dol.; what is each man's share thereof?

Ans. A 1334.825 dol. B 1271.6145 dol. C 839.96 dol. 7. A, B, and C, join in company; A's stock is 100 dol. for 12 months, B's 120 yards of cloth for 8 months, and C's 240 bushels of wheat for 7 months; they gained 1612 dollars, of which A had 400 dol. B 512 dol. and C 700 dol. What was the value of B's cloth per yard, and C's wheat per bushel?

Ans. B's cloth 1 dol. 60 cts. per yard.

C's wheat 1 dol. 25 cts. per bushel.

EXCHANGE.

EXCHANGE is the rule by which the money, &c. of one state or country, is reduced to that of another.

Par is equality in value; but the course of exchange is fre quently above or below par.

Agio is a term used to signify the difference in some countries, between bank and current money.

Accounts are kept in England, Ireland, and the West India Islands, in pounds, shillings, pence, and farthings; though their intrinsic values in these places are different.

The various operations, in the exchanging of monies, are performed by the Single Rule of Three; or by Practice.

Note. The par of exchange between the United States of America, and most other trading countries, may be ascertained by the tables in page 14.

EXAMPLES.

1. Philadelphia is indebted to London 1474 dollars, 80 cents currency; what sterling sum must be remitted, when the ex

1.11 1.11)368.70(332.16=£.332 3 24+ Ans,

3548
2160

90

24

2. London receives a bill of exchange from Philadelphia for 9431. 178. sterling: for how much currency was it drawn, exchange being at 3.8 dollars per £. sterling?

Ans. 3586 dol. 63 cts. 3. Jamaica is indebted to London 14707. 128. 8d. sterling; with how much currency will London be credited at Jamaica, when the exchange is at 361 per cent. ? Ans. 20071. 88. 31d.

bill?

4. Dublin draws upon London for 7407. 14s. 6d. Irish, exchange at 12 per cent. How much sterling will discharge this Ans. 6617. 78. 23d. 5. London remits to Ireland 6517. 14s. 113d. sterling; how much Irish must London be credited with, exchange at 12 per Ans. 7291. 19s. 2d. Philadelphia, 20th, 2 mo. 1819.

cent. ?

6.

Exchange for 4527. 10s. 6d. sterling.

Thirty days after sight of this my first of exchange, second and third of like tenor and date not paid, pay to Samuel Simms, or order, four hundred and fifty-two pounds, ten shillings and six-pence sterling, value received; and place the same to account as per advice from

Samuel Pimm,

Merchant, London.

Peter Simpson.

What is the value of this bill in the United States' currency, exchange at 4.84 dollars per £. sterling?

Ans. 2190 dol. 22 cts. 1 m, 7. In a settlement between C of Philadelphia, and D of London, C is indebted 750l. 2s. sterling; what sum United States' currency is equivalent, exchange at 4.56 dollars per £. sterling? Ans. 3420 dol. 45 cts. 6m,

4

8. How much sterling is equal to 11341 dol. 90 cts. United States' currency, exchange at 3.75 dollars per £. sterling? Ans. 30241. 10s.+sterling. 9. What sum sterling will be equal to 1260 dol. 84 cts. United States' currency, exchange at 5.25 dol. per £. sterling? Ans. 2401. 3s. 21d. sterling. 10. Purchased in Ireland effects to the value of 400l. 17s. 9d. of that place; what sum United States' currency, will discharge the debt, exchange at 3.4 dollars per £. sterling?

11.

Ans. 1363 dol. 1 ct. 7.5m. Philadelphia, 2d 3mo. 1819.

Exchange for 4226 livres, 12 šols, 8 deniers.

Thirty days after sight of this my second of exchange, first of the same tenor and date not paid, pay to Thomas Broker, or order, four thousand two hundred and twenty-six livres, twelve sols, and eight deniers, value received; and place the same to account as per advice from

To Thomas Lamott,
Merchant, London.

Silas Stroud.

How much sterling is the above bill, at 10 d. per livre ? and what sum in United States' currency, at 17 cts. 5m. per livre ?

Ans.

£. s. d. 184 18 3 sterling.

{739 dol. 66 cts. + currency.

12 A Connecticut merchant imported goods from France amounting per invoice to 49008 livres; how much currency of the United States, at 15 cts. per livre, will they amount to; and how much sterling will discharge the debt, exchange being at par?

Ans. 7351 dol. 20 cts. currency; 16557. 13s. 6d. sterling 13. A merchant in Holland being desirous to turn 4376 florins currency into banco, the agio at 4 per cent, how many pounds Flemish banco must he receive?

Ans. 7011. 1 flo. 13 sti. 13 pen. 14. P of Philadelphia, receives of A of Amsterdam, an invoice of goods amounting to 10235 flo. 17 sti. 8 pen. how much United States' currency must be remitted to discharge the bill at 35 cts. per florin ? and what is the sum in sterling, exchange at 388. 6d. Flemish per £. sterling?

3582 dol. 55 cts. 6.25m. currency Ans.3861. 48. 54d. sterling.

15. A bill for 2524 pezos, 7 ria. 33 marv. being remitted to Cadiz; what sum United States' currency is equal thereto, at Ans. 2524 dol. 99 cts. 6.3m.+

1 dol. per pezo ?

16. A Virginian merchant sent goods to Norway worth 2743 dol. 80 cts. currency; how many rix dollars, at 80 cts. each must he receive? Ans. 3429.75 rix dol.

17. A merchant of North-Carolina shipped a quantity of flour, which when disposed of, amounted to 1186 millreas, 500 reas; and received in return 17 pipes of wine; what was it per pipe, a millrea reckoned at 1 dol?

1

Ans. 69 dol. 79 cts.+

18. In 2714 guilders, 15 stivers, how many pounds sterling, exchange at 35s. 6d. Flemish per £. sterling?

Ans. 2541. 18s. 11d. 19. In 2907. 11s. 10d, sterling how many pounds Flemish, exchange at 33s. 10d. Flemish per £. sterling, and agio at 41 per cent. ? Ans. 5131. 148. 1d. 20. London is indebted to Genoa in 17107. 168. 4d. for how many pezos may Genoa draw on London, the exchange at 474d. per pezo ? Ans. 8644+ 21. How many millreas will 15661. 6s. 8d. amount to, exchange at 64d. per millrea? Ans. 5873 millreas, 750 reas. 22. A merchant in Rotterdam remits 5647. 108. 6d. Flemish to be paid in London; how much sterling money must he draw for, exchange at 34s. 4d. per £. sterling?

Ans. 3281. 168. 113d. 23. Amsterdam changes on London 34s. 3d. per £. sterling; and on Lisbon, at 52d. Flemish for 400 reas; how then ought the exchange to go between London and Lisbon ?

Ans. 753d. sterling, nearly, per millrea. 24. A, at Paris, draws on B, of London, for 1200 crowns at 55d. sterling per crown; for the value whereof, B draws again on A at 56d. sterling per crown, besides commission per cent. what did A gain or lose by this transaction?

Ans. A gained 151+crowns.

VULGAR FRACTIONS.

A VULGAR Fraction is a part, or parts of an integer, and is noted thus, one eight; seven eights. The upper number is called the numerator, and shows the part or parts expressed by the fraction; the lower number is called the denominator, and denotes the number of such parts contained in an unit.