The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1875-08-28

,-xirrn STATES
c.,.,., : AK 600 oo
TrteuDae6 S,. 301000000
S S'.n,l." DAMN 44O0OOO0
Fractinpol cur ency......... 50OOOOOO
cold and silver, .,'................ l25OOO,OO9
Total amount Of money. SsG900O000
Deduct gold and paper reserve. .". @OVOOO,UOo
Total actual clrculatiOn..... .Sbc9Uoo,VUO
Amount of money per capita, SILT amount
Of circulation per capita, Slt72.
ENGLAND. .,,.,oooo
lionin Bank OF England t,; ;9 0}0
NOES OF thG oaIh euo%
";n oTm Gvj to be in circuotop 50Oo00000
O'''' "''''''''N" - --
Total amount Of uoncy.......... 1854, 943 900
Deduct reserves. ...,.....,.,,.,..,.. ll2,2j9,O00
Total circulation; :...:;,,..;:. az 4ooo
oP"i"'on, -, ,o o. ,i,t ~ circ,,iation
ner c9pita, a@f2S.
GERMANY .-
Bahk circMa.0h T S6S 0VV 400
Coin in Observation-Disclosures. 100000
90
posnr U,"i "'o"'' VI ''''''' OK 00n 600
---
lotal amount II, SirCuaon. "a uoVooV
! n,O5S,l06, amount OF money per capita, $3l SCI
amount OF circulation per capita, 8@o'6V
,d lHANtI T., ...,oo,o,,
COIN and bullion on hand ,.,.,. IG0 Goa O0s
cold and silver (deductng that in
R'n"| '''''''''''' ''''''''''' 800 '1V'oVo'oVo
Total CSC, go 900
Population, Exclusive of Alsace and Lorraine,)
~, ~, 1920 "".o'-. " ,,0 i ~, p,.s
rI". er hc,d of stG -. Englanf 70,
%; Germany, $1,000; and France, $3.50.
Larger geographically than the three nations
complneu, not tnickiy set.ieu, having OF
", ~, ao"ou,t ,ha ireyorohle in3,c ~ e.,
nres shows that the United States has less
money per head of her population than either
OF the other three'
And why Is 1t thas "'he emitted States has
less money per head than Rngsandi France,
&c? SIMPLY because, by our senseless FOOL
ing with paper money decisions, ES have
driven the money out The paper circulation
'of the United States, according to the above
statement, Is greater per capita than OF either
England, France or Germany; but while ne
have no gold and silver in circulation, the
circulation Of those countries is more than
duplicated by these metals.
Experience shows (as has been clearly de-
monstra,ed by Mr.. Wells repeatedly that in
this country we have never been able to keep
paper circulation q, par above $13 or S14
per capita. When We have gone above that
figure paper has commenced to depreciate,
and the depreciation has kept pace with the
increase Of paper, 80 that in actual monty
worth Chat Is, worth gold and silver after
the maximum of about $14 per capita has
been passed, no increase Of paper can H.
crease worth gold the amount of mooney in
this country This holds good, though the pa
per, as in the case of gYeenbacks, has been
made legal tender and therefore, IN conn-
mon parlance "as good as gold"
What, then, to a man with q thimblefaDE of
brains, would common sense teachg Clearly,
that the only possible way In which the
actual money circulation of this country can
be increased is by taking such steps as Will
put gold and silver in circulation in addition
to our paper as is the case in England, France
and Germany. TINS can be done only by !
bringing about specie payments
At present we have no use for gold as a
circulating medium. If merchant acct
dentally gets hold of 800 or $1,000 in gold
heitakes it to the nearest bank and sells it for
greenbacks. The bank sends it to New York
to make exchange, and the New Yorker sends
1t to Europe to make exchange, the same as
he sends wheat, corn or cotton to Europe,
and he prefers to send gold to the other sta
pies because it costs less for transportation,
tluctuates less in price and he runs less risk.
But suppose the government was redeeming
its greenbacks in gold, and the national