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<p>[QUOTE="Conder101, post: 4302040, member: 66"]Under the Articles the Federal government had sole authority for establishing the alloy and value of the coins of both the Federal or State coinages, but the states did have the authority to produce their own coin.</p><p><br /></p><p><br /></p><p>He was trying to additional copper, on credit, to finish the contract. He had gotten 30 tons of copper from the government but his contract was for coining 300 tons.</p><p><br /></p><p><br /></p><p>the 400,000 Fugios would have used about 3.5 tons of the 30 tons of government copper, the rest was diverted. The Connecticut coppers were lighter in weight and more coins could be struck from each ton allowing them greater profit.</p><p><br /></p><p>When Jarvis returned from Europe, he learned that he was already in default on the contract (the 400,000 Fugios were the only delivery they made and they had missed several scheduled deliveries before Jarvis returned) and his workers had already fled. Jarvis then had to flee the country as well.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4302040, member: 66"]Under the Articles the Federal government had sole authority for establishing the alloy and value of the coins of both the Federal or State coinages, but the states did have the authority to produce their own coin. He was trying to additional copper, on credit, to finish the contract. He had gotten 30 tons of copper from the government but his contract was for coining 300 tons. the 400,000 Fugios would have used about 3.5 tons of the 30 tons of government copper, the rest was diverted. The Connecticut coppers were lighter in weight and more coins could be struck from each ton allowing them greater profit. When Jarvis returned from Europe, he learned that he was already in default on the contract (the 400,000 Fugios were the only delivery they made and they had missed several scheduled deliveries before Jarvis returned) and his workers had already fled. Jarvis then had to flee the country as well.[/QUOTE]
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