Peso

Definition and stakes

Edward Nicholson,  Men and Measures

“ A 9subdivision of the talent would become the pound or common unit of weight in the retail market, and a subdivision of the pound would be fixed as the weight of silver which, impressed with signs guaranteeing its fineness, if not its actual weight, would be the currency of the merchants.
Then arose, by involution, another system of weights in which the pound was usually of 12 or 16 ounces, and the ounce was the weight of so many standard coins. Every modern pound was based on this system.
”
Source: Gutenberg

James W. Evans,  British Weights and Measures, Considered from a Practical Standpoint (1904)

“ To the common mass of the people the use of weights is in the market and the shops. The article weighed is to be carried home for the daily subsistence of the family. Subdivisions of the pound, the half, the quarter of a pound, are often necessary to conciliate the wants and the means of the neediest portion of the people, that portion to whom the justice of weight and measure is a necessity of life, and to whom it is one of the most sacred duties of the legislator to secure that justice, so far as it can be secured by the operation of human institutions. ”
Source: Wikisource

Portrait of Irving Fisher Irving Fisher,  Harper's Pictorial Library of the World War…

“ Our dollar is now simply a fixed weight of gold—a unit of weight, masquerading as a unit of value. It is almost as absurd to define a unit of value, or general purchasing power, in terms of weight as to define a unit of length in terms of weight. What good does it do us to be assured that our dollar weighs just as much as ever? We want a dollar which will always buy the same aggregate quantity of bread, butter, beef, bacon, beans, sugar, clothing, fuel, and the other essential things that we spend it for. ”
Source: Gutenberg

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