Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1865-05-02
Annual balance

Annual balance S., $3.50 ,6ls
For the four years S33 ,558, 472
We have already shown that our shiI ments
Tor the four years averaged IS 1888, AT a year
less than the average OF previous years, or 49,
1873 ,9JS altogether. So that 1t only requires
gain OF $500, l4l year in the production,
or 80 ,424 ,5b4 In the four years, to confirm the
es lU,ate that i0e hare about hiriy-three miihORt
more Gold ana Sluer ~ our country than zoe
had when the tcar began
There are good reasons Tor believing that this
IL an under estlmats-for the immigration Of
the past four years has not only much increased,
but has been of a more thrifty class. nml-
giants have always brought large amounts Of
specie with them this amount has been yari-
usy estimated at from $4,000 900 to $4,000.
900 year IN past times, la these years, when
our currency has been huctuating, the tendency
would 10 with immigrants to bring their little
store of cash IN the shape OF Gold, which their
friends here would advise them by letter was
sure to command premium.
A certain amount of Gold and Silver is always
used IN the arts which may partly but not en-
tlrely, counterbalanoe the Bullion brought by
immigrants.
Travellers from this side, going abroad, are Of
the wealthy and commercial classes, who take
a small amount Of Cold but chiefly rely upon
bills OF exchange and credits, which arc fur
nished by bankers and are represented in the
official exports ot BULLION,
The Conclusion iron the foregoing figures is
irresiStbe-that we have at tins momen, over
thirty millions more Gold and Silver in this
country than when the war began. Now, wha,
has become of II
The Binsl on tie tUnt Jan. 1861, held ts1g7S o1n
The rub fr'rsurirs hsld sS0uu0
= he Circulation has been est mAtsd As lov
as seventy two millions, but generally
-ueh higher, say 7l0oo, goo
Total tlSS rs. 900
! On the la " Jan, 1888, the
BAnks he'd (sf gold go 60e4ll
United States Depositorits IS o0t 900
IN the hands OF pr,vAe bakers,
A m circulation In California,
aud hoAried By individuals,
there should be 10 account for
4 our estimated accumulation t0l70 OIL
i Total sls0aaa,tjI
Few who have gwen tho subject any attention
will think We have made too large an estimate
. in placing SlO3,700,000 of Gold IN the hands
, of private bankers, hOarders, and IN circulation
= IN California AID ether Gold Regions where
. Gtecubacss are not current. For the com.
. merco and circulation OF California and the Pa.
cihc side, Si3 100000 i. u moderate estimate.
There will no left, then; 500 900 900 of Gold
I aud SILVER distributed among the u 100000 VI
people in the other Loyal States-lust $3.50 to
each person.
!. very suggestive paragraph in our money
! article .. late iseue told that there was a
. rush at the gold.brokers TO sell small parcels
I by persons who have evidently been boarding. "
: IL indicates the coming effect upon hoarders Of
y steady decline in Gold
: There is another class Of hsarders whose CD.
: etations cannot be 80 easll traced, but who
- will surely be reached by the decline. rhey
are those weak brothers who, distressing th,
!, success Of our institutions, have placed theii
~ money abroad-practically swelling our export
~ OF God sinee the war began. This hoard ha,
" been yarously estimated at from $4,000 ,0OC
4 TO Sl25O00 900. IL is, of course, praoticall,
equal 70 q reserve oil specie. We have, then
), without any increased export Of cotton or othe
produce, the following resources OF specie an,
IN exchange 10 help us resume specie payment. il
81 due tune
II sterling boarded sbtoii, iAy stissu $4,000 "
W specie nov IN this country, sthvat count.
Ing The ptvduSt.n u lees, tsa IA, 1.
he
:. Itel' 2Jg,J5J ,si