Idea of the Week

Western silver Senators, always in there thinking of ways & means to force the U.S. to use more silver at the over-inflated legal price of 71.11¢ per oz. (see p. 73), came up with a new gag last week: a silver "one-bit" piece, worth 12½¢. The reason they gave was the alleged "danger" that dime-priced articles might soar to 15¢ for lack of an intermediate coin. Despite the "danger," the Treasury, mindful that eight billion pennies are in circulation, kept cool.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!