Word: thaler
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...CLASSIC CARTOONS edited by William Cole and Mike Thaler. 336 pages. World. $8.95. A collection that synthesizes the wit of the U.S., Britain and the Continent, though with a heavy reliance on The New Yorker and Punch. Just about all the old favorites are here, from Arno to Price to Rose, Dempsey, Cruikshank and Searle...
...dollar was named after the thaler, the German currency at the time of the American Revolution. The British pound was named for its weight in silver, and nationalistic France naturally named its money the franc. Last week Zambia announced that it would soon trade in its pounds, shillings and pence for something more poetic. In 1968 it will change to decimal currency and one kwacha (dawn) will be worth 100 ngwee (brightnesses...
...turbulent 1930s, the thaler became an international political weapon...
...finance his invasion of Ethiopia, where the thaler was legal currency, Mussolini pressured Austria into allowing him to mint the coin. To counter Mussolini, the British began minting thalers without permission. When World War II broke out, both sides furiously coined thalers to bribe African and Asian tribesmen...
Though it contains only 92? worth of silver, the thaler's barter value varies from country to country, ranges up to $1.50 in Ethiopia. No one knows how many thalers are still in circulation, but at least 320 million have been minted, and the minting is still going on-but with a difference. Under prodding from Austria, the British fortnight ago promised to stop coining thalers, thus leaving the Vienna mint as the sole source. The move delighted Austrian bankers, who sell new thalers for $1.04 apiece and make an 8? profit on each one. To the bankers...