be the simplest way to introduce a national currency. Hamilton differed from European monetary policymakers in his desire to overprice gold relative to silver, on the grounds that the United States would always receive an influx of silver from the West Indies. Despite his own preference for a monometallic gold standard, he ultimately issued a bimetallic currency at a fixed 15:1 ratio of silver to gold. Hamilton proposed that the U.S. dollar should have fractional coins using decimals, rather than eighths like the Spanish coinage. This innovation was originally suggested by Superintendent of Finance Robert Morris, with whom Hamilton corresponded after examining one of Morris's Nova Constellatio coins in 1783. He also desired the minting of small value coins, such as silver ten-cent and copper cent and half-cent pieces, for reducing the cost of living for the poor. One of his main objectives was for the general public to become accustomed to handling money on a frequent basis. By 1792, Hamilton's principles were adopted by Congress, resulting in the Coinage Act of 1792, and the creation of the mint. There was to be a ten-dollar Gold Eagle coin, a silver dollar, and fractional money ranging from one-half to fifty cents. The coining of silver and gold was issued by 1795. Revenue Cutter Service Smuggling off American coasts was an issue before the Revolutionary War, and after the Revolution it was more problematic. Along with smuggling, lack of shipping control, pirating, and a revenue unbalance were also major problems. In response, Hamilton proposed to Congress to enact a naval police force called revenue cutters in order to patrol the waters and assist the custom collectors with confiscating contraband. This idea was also proposed to assist in tariff controlling, boosting the American economy, and promote the merchant marine. It is thought that his experience obtained during his apprenticeship with Nicholas Kruger was influential in his decision-making. Concerning some of the details of the System of Cutters, Hamilton wanted the first ten cutters in different areas in the United States, from New England to Georgia. Each of those cutters was to be armed with ten muskets and bayonets, twenty pistols, two chisels, one broad-ax and two lanterns. The fabric of the sails was to be domestically manufactured; and provisions were made for the employees' food supply and etiquette when boarding ships. Congress established the Revenue Cutter Service on August 4, 1790, which is