REDUCTION OF THE OLD NEW ENGLAND CURRENCY TO FEDERAL MONEY. RULE. To the pounds annex three ciphers, and divide the number by 3, and the quotient will be the answer in cents ; but if there be pounds and shillings, annex to the pounds half the number of shillings and two ciphers ; and if the shillings be an odd number, instead of two ciphers, annex a 5 and a cipher, and divide the number by 3, and the quotient will be the answer in cents, as before ; if there be pounds, shillings, pence and farthings, let the pounds and shillings be arrang ed as before, then reduce the pence and farthings into farthings, and add 1 if their number exceed 12, and 2 if it exceed 36, and let them be so annexed to the pounds, that the units of the farthings shall possess the third place from the pounds ; then divide by 3, as before, and the quotient is cents. NOTE. — As a dollar is six-twentieths of a pound, or, which is the same thing, three-tenths, therefore a pound is ten-thirds of a dollar. It is also evi. dent, that if pounds be multiplied by 10, their product will be thirds of a dollar; and if thirds of a dollar be divided by 3, the quotient will be dollars. Again, as shillings are twentieths of a pound, it is evident that if they be halved, they become tenths or decimals of a pound; and if 1 be added to 24 farthings, or 2 be added to 48 farthings, and they be made to occupy the third place from pounds, they become decimals also; for twenty-four farthings are twenty-four nine hundred sixtieths of a pound; but if 1 be added to the numerator of this fraction, then must 40 be added to the denominator, to make a fraction of equal value, for twenty-four nine hundred sixtieths is equal to twenty-five one thousandths; now, if a pound be considered the unit, twenty-five thousandths will be expressed thus, ,025£. Therefore, as the number of farthings may be less or greater than 24, so a greater or less number than a unit must be added to their number. Q. E. D. EXAMPLES. 1. Reduce 162£. to Federal Money. 3)162000 Ans. $ 510. 2. Change 319£. 17s. to Federal Money. 3)319850 Ans. $ 1066.168. 3. Change 176£. 175. 8fd. to Federal Money. 176850 36 3)176886 58962 Ans. $ 589.62. 66 66 4. Reduce 315£. to Federal Money. Ans. $1050.00 5. 619£, to 2063.333 6. 166£. to 553.33} 7. 318£. to 1060.00 8. 101£. to 336.66% 9. 144£. to 480.00 10. 161£. 18s. to 539.663 11. 361£. 17s. to 1206.163 12. 99£. 11s. to 331.834 19. 100£. 9s. to 334.83} 14. 661£. 7s. to 2204.50 15. 47£. 11s. to 158.50 16. 109£. 1s. to 363.50 17. 16£. 17s. 63d. to 56.253 18. 69£. 1s. 3 d. to 230.21$ 19. 87£. 16s. 11d. to 292.82 20. 14£. 7s. 7}d. to 47.933 21. 73£. 3s. 4fd. to 243.893 22. 47 £. 12s. 10d. to 158.803 23. 187£. 5s. Ofd. to 624.17 24. 10£. Os. 3 d. to 33.38 66 When the price is in cents, or dollars and cents, multiply the quantity by the price, and the answer is in cents, which may be reduced to dollars and cents by cutting off two figures from the right hand, which are cents ; and those at the left are dollars. If the price be in mills, or cents and mills, or dollars, cents and mills, multiply as before, and cut off THREE figures from the right hand, the unit of which is mills, the other two are cents ; and those figures at the left hand are dollars. EXAMPLES. 1. What will 365 barrels of Genessee flour cost, at $ 5.75 a barrel ? 365 1825 Ans. $ 2098.75 2. What will 128 pounds of sugar cost, at 19 cents, 7 mills a pound? 128 896 884 128 $ 17.53.6 3. What will 126 pounds of butter cost, at 13 cents a pound ? Ans. $ 16.38. 4. What will 63 pounds of tea cost, at 93 cents a pound ? Ans. $ 58.59. 5. What will 43 tons of hay cost, at 13 dollars 75 cents a ton ? Ans. $ 591.25. 6. If 1 pound of pork is worth 7 cents 3 mills, what is 46 pounds worth? Ans. $ 3.35.8. 7. If lcwt. of beef cost 3 dollars 28 cents, what is 76cwt. worth? Ans. $ 249.29. 8. What will 96,000 feet of boards cost, at 11 dollars 67 cents a thousand ? Aps. $ 1120.32. 9. If a barrel of cider be sold for 2 dollars 12 cents, what will be the value of 169 barrels ? Ans. $ 358.28. 10. What will be the value of a hogshead of wine, containing 63gals., at 1 dollar 63 cents a gallon ? Ans. $ 102.69. 11. Sold a sack of hops weighing 396 pounds, at 11 cents 3 mills a pound; to what did it amount ? Ans. $ 44.74.8. 12. Sold 19 cords of wood, at 5 dollars 75 cents a cord ; to what did it amount ? Ans. $ 109.25. 13. Sold 169 tons of timber, at 4 dollars 68 cents a ton ; what did I receive ? Ans. $790.92. 14. Sold a hogshead of sugar weighing 465 pounds; to what did it amount, at 14 cents a pound ? Ans. $ 65.10. 15. What will be the amount of 789 pounds of leather, at 18 cents a pound? Ans. # 142.02. 16. What will be the expense of 846 pounds of sheet lead, at 5 cents 7 mills a pound? Ans. $ 48.22.2. 17. When potash is sold for 132 dollars 55 cents a ton, what will be the price of 369 tons ? Ans. $ 48910.95. 18. What will 365 pounds of bees' wax cost, at 18 cents 4 mills a pound? Ans. # 67.16. 19. If 1 pound of tallow cost 7 cents 3 mills, what is 968 pounds worth? Ans. $ 70.66.4. 20. What will a chest of souchong tea be worth, containing 69 pounds, at 29 cents 9 mills a pound ? Ans. $ 20.63.1. 21. If 1 drum of figs cost 2 dollars 75 cents, what will be the price of 79 drums? Ans. $ 217.25. 22. If i box of oranges cost 6 dollars 71 cents, what will be the price of 169 boxes ? Ans. $ 1133.99. 23. Purchased 796 pounds of cocoa, at 11 cents 4 mills a pound; what did I have to pay ? Ans. $ 90.74.4. 24. A farmer sold 691 bushels of wheat, at 1 dollar 25 cents a bushel ; what did he receive for it? Ans. $ 863.75. 25. What is 97 pounds of madder worth, at 17 cents 6 mills a pound? Ans. $ 17.07.2. 26. A merchant sold 73 hogsheads of molasses, each containing 63 gallons, for 44 cents a gallon ; how much money did he receive? Ans. $ 2023.56. 27. A drover has 169 sheep, which he values at 2 dollars 69 cents a head; what is the value of the whole drove ? Ans. 454.61. 28. A farm containing 144 acres, is valued at 69 dollars, 74 cents 8 mills an acre ; what is the amount of the whole ? Ans. $ 10043.71.2. 29. An auctioneer sold 48 bags of cotton, each containing 397 pounds, at 13 cents 7 mills a pound; what is the value of the whole? Ans. $ 2610.67.2. 30. If 1 yard of broadcloth cost 5 dollars 67 cents, what will be the value of 48 yards ? Ans. $ 272.16. 31. A wool grower has 179 sheep, each producing 4 pounds of wool; what will be its value, at 59 cents 3 mills a pound ? Ans. $424.58.8. 32. A house having 17 rooms, requires 6 rolls of paper for each room ; now if each roll costs i dollar 17 cents, what will be the expense for all the rooms ? Ans. $ 119.34. 33. What will 89 yards of brown sheeting cost, at 17 cents a Ans. $ 15.13. 34. What will 47,000 of shingles cost, at 3 dollars 75 cents a thousand ? Ans. $ 176.25. 35. Bought 47 hogsheads of salt, each containing 7 bushels, for 1 dollar 12 cents a bushel ; what did it cost? Ans. $368.48. 36. What will a ton of hay cost, at 1 dollar 17 cents a hundred weight? Ans. $ 23.40. 37. If 1 foot of wood cost 63 cents, what will 39 cords cost? Ans. $ 196.56. 38. What will 163 buckets cost, at 1 dollar 21 cents a bucket ? Ans. $ 197.23. 39. What will 78 barrels of shad cost, at 3 dollars 89 cents a barrel ? Ans. # 303.42. 40. If 1 pound of salmon cost 17 cents 5 mills, what will 789 pounds cost ? Ans. $ 138.07.5. 41. Bought 163 grindstones, at 6 dollars 79 cents each ; what did the whole cost? Ans. $ 1106.77. 42. Sold 49 green hides, at 1 dollar 95 cents each ; what did they all amount to ? Ans. $ 95.55. yard ? 43. If a man's wages be 1 dollar 19 cents a day, what are they for a year? Ans. $ 434.35. 44. Hired a horse and chaise to go a journey of 146 miles, at 16 cents a mile; what did it cost? Ans. $ 23.36. 45. If it be worth 3 dollars 68 cents to plough one acre of land, what would it be worth to plough 79 acres? Ans. $ 290.72. 46. What will 148 tons of plaster of Paris cost, at 2 dollars 28 cents a ton ? Ans. $ 337.44. 47. Bought 79 tons of logwood, at 49 dollars 75 cents a ton ; what did it cost? Ans. $ 3930.25. 48. Bought 5 gross bottles of castor oil, at 37 cents a bottle ; what did it cost? Ans. $ 266.40. 49. Sold 19 dozen pair of men's gloves, at 47 cents a pair ; to what did they amount ? Ans. $ 107.16. 50. Bought a hogshead of wine for 97 cents a gallon, and sold it for 1 dollar 75 cents a gallon ; what did I gain ? Ans. $ 49.14. 51. Bought 75 barrels of flour at 5 dollars 75 cents a barrel, and sold it at 6 dollars 37 cents; what did I gain? Ans. $ 46.50. 52. Bought 17 score of penknives, at 17 cents each ; what did they all cost ? Ans. $ 57.80. 53. What will 17. tons of coal cost at $ 9.62 per ton ? Ans. 168.35. 54. What will 19 barrels of cider cost at $ 1.37} per barrel ? Ans. $ 26.12.5. BILLS. 66 Boston, July 4, 1885. Mr. James Dow, Bought of Dennis Sharp, 17 yds. Flannel, at .45 cts. 19 Shalloon, .37 .46 .87 .63 .56 .81 19 “ Striped Jean, .16 $ 61.33 Received payment, Dennis Sharp 66 |