The E-Sylum:  Volume 8, Number 45, October 23, 2005, Article 15

VOCABULARY WORD: MITE

Leafing through "Benjamin Franklin's Library," a 1937 book by
Austin Grey on the Library Company of Philadelphia, I came
across this passage:

"... I cannot withhold from contributing my Mite." The "Mite"
was a bill of exchange for sixty pounds, worth in those days
$1,000 - the first monetary gift to the Library. The donor of
the "Mite" was Dr. Walter Sydserfe, an aged physician ..."

I know the definition of Mite as a small coin (as in "Widow's
Mite"), but had never heard it used in the context of paper
money before. Are any of you familiar with this use of the term?

  Wayne Homren, Editor

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