Letter
Benjamin Franklin to Félix Frecon, July 3, 1784
Benjamin Franklin explains to Félix Frecon that the United States uses a mix of foreign gold and silver coins as real money, with Spanish dollars being most common, while paper currency varies in value across states. He describes the use of bills of exchange drawn on Europe and details Virginia's system of tobacco inspection and payment. Franklin also notes that weights and measures follow British standards uniformly across the states.