dol13 (dol)

[Sc.; origin obscure.] 1. Dung, especially of pigeons.-2. A large cake of sawdust mixed with dung, used for fuel. Jamie son. [Angus.]-3. A large lump. dollar (dol'är), n. [Early mod. E. also doller, doler, daller, daler; IMG:content-3006.jpg:[graphic] America. The Duke of Wirtemberg is agreed wt Magister Teutonici ordinis, so that the duke shall have for his charges 66,000 dalers. Quoted in E. Lodge's Illus., etc., Reign of Edw. VI., [No. 23. He disbursed at St. Colmes' inch Ten you sand dollars to our general use. Shak., Macbeth, i. 2. Now touching Danske money,... they have their Gra he, whereof 30 make 1 gilderne, which is woorthe 4 shillings sterling, and they have also Dollars olde and new; their common dollar is 35 gra he, but of their new dollars some are woorthe 24 gra he, some 26, and some 30. Recorde, Grounde of Artes, fol. 159. 2. The monetary unit or standard of value of the United States and Canada, containing 100 cents, and equal to about 4s. 14d. English. In the United States it is represented in the currency by gold silver coins and by notes; in Canada by gnly. and two-dollar gold coin is current in Newfound land. This unit was established in the United States under the confederation of the States, by resolution of 6th, 1787. It was Congre , July represented by a silver piece, the coinage of which by the act of Congre , August 8th, 1786, by which was also established the decimal system of coinage. The coinage was not begun until two years after the law of April 2d, 1792, establishing the mint. That law provided for the coinage of "dollars or units, each to be of the value of a Spanish milled dol lar," as that coin was then current, and to con IMG:content-3007.jpg:[graphic] of pure silver, or 416 grains of standard silver. The Spanish dollar above mentioned was that struck in Span IMG:content-3008.jpg:[ocr errors] America. Spanish Ameri can dollars, and coins represent ing halves, quarters, eighths, and sixteenths them (the last two known as of IMG:content-3009.jpg:[graphic] IMG:content-3010.jpg:[graphic] Obverse. IMG:content-3011.jpg:[graphic][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][merged small] shillings and sixpences in New York and some other States, and by other names elsewhere), were abundant in the United States during the latter part of the eighteenth and the first half of the nineteenth century. The Spanish dollar coined in Spain was rare, but the intrinsic value of the two coins was the same. By an act of January 18th, dollar 1837, the dollar was made to consist of 412] grains & fine, the quantity of pure silver remaining the same, 3711 grains. This dollar, being worth in market value from 100 to 104 cents, went out of circulation. An act of March 3d, 1849, directed the coinage of gold dollars of 25.8 grains fine, 23.22 being pure gold; and by act of February 12th, 1873, this was declared the unit of value of the United States. The coinage of gold dollars was suspended by the act of September 26th, 1890. An act of February 28th, 1878, directed the Secretary of the Treasury to purchase silver bullion, not le than $2,000,000 nor more than $4,000,000 per month, and cause it to be coined into standard silver dollars. This was repealed by the (Sherman) act of July 14th, 1890, which provided for the purchase of 4,500,000 ounces of silver each month and the coinage of 2,000,000 ounces a month. This act was repealed in 1893. The coins representing fractional parts of the dollar are: in silver, the half-dollar and quarter-dollar, or 50-cent and 25-cent pieces, and the dime or 10-cent piece; in nickel, the halfdime or 5-cent piece (originally in silver, and inconveniently small); and in bronze, the cent (originally in copper, and much larger) and the 2-cent piece. There is also a 3-cent piece, originally coined in silver and afterward in nickel, which has been little used owing to its inconvenient small ne in both forms. By the term dollar in the United States notes is intended the coined dollar of the United States, a certain quantity in weight and finene of gold or silver, authenticated as such by the stamp of the government, Sometimes abbreviated dol., but commonly represented by the symbol $ (the dollar-mark) before the number. See coinage ratio, under coinage. The Almighty Dollar , that great object of universal devotion throughout our land, seems to have no genuine devotees in these peculiar villages. Irving, The Creole Village. The Congre of 1792 fixed the monetary unit of the United States in coin, gave it the name Dollar , made it the unit of the money of account in their offices and courts, [and] named also its multiples and fractions. Report of Sec . of Treasury , 1886, I. xlv. Almighty dollar. See almighty. - Buzzard dollar. See buzzard. - Dollar of the fathers, in American political parlance, the silver dollar: a phrase used by those who advocated the resumption of its coinage, effected in 1878, when for a quarter of a century it had formed no part of the coinage of the country, and when, owing to deprecia tion in silver, it no longer po e ed its in the value of origi coin, so called because it bore the figure of a lion: D. leeuw, a lion, also a coin so called), a Dutch (Brabant) coin in circulation in the province of New York in colonial times. There is an Act to raise the value of the Lyon Dollars which were apprehended to be all carried out of the Pro vince, because under their proportion in value to other foreign coin. Gov. Burnet to the Lords of Trade , Dec. 14, 1720 (Docs. [relating to Colon. Hist. of N. Y., V. 583). Trade dollar, a former silver coin of the United States, weighing 420 grains, authorized by an act of 1873, and intended chiefly for the uses of the trade with China and Japan. An act of March 1st, 1887, authorized the Treasurer of the United States to redeem in standard silver dol. lars all trade dollars presented within the following six months.