The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1876-08-17

From 1854 to 1861 the reports of
specie exceeded the imports nearly $lOO-
100000. This heavy drain on our spe-
Gle ceased in October, 1861, and soon
thereafter the flow to the United States
commenced, adding about 800, 100000 to
the stock of coin.
MONETARY CIRCULATION IN FOREIGN
COUNTRIES.
4 comparative statement of the cur
rency circulation of the United States,
with that of three Of the leading Euro
pean Powers, shows that two out of the
three have less money in circulation, per
capita, than we have. Here are the fig
ures, based on a carefully prepared paper
ON the subject, published in January,
1874, in the Monthly Report of the U. s.
Bureau of statistics, pages 1874 to 1877;
Circulation in France, 1874. .s1.
Metallic currency (coin and bullon) 4OOO. 900 OoO
Notes Of the Bank of France, in Cir
culation, Dec %, 2so7 sSs 6a5
Total. al...;:...........:... 49,. 6,sO7, ,6so.s25
Deduct metallic reserve in Bank,
Dec s6, 1872. .... 75s,s AIS
Total currency in circulation 6Of7, ,797, ,9Oo
Equal in U. 8. gold ldto............. $l9e6,S45,44
Population. ............ 81, ,1s5, ,T0O
Circulation per capita, -... $S2.6a
Circulation in NORTH Germany 1863.
- a3 .-tf-. e...a i-- Thalers.
Coin in hands of the people........ 632, ,485, ,869
Notes in hands ofthe people. 253l59 i4g
Gold controlled by the government lO5, ,OOO, ,O0G
! Total. ACKNOWLEDGEMENTS. S9O,594, so,
Equal IN o. S. gold coin to-. $3.50 coo SO1
Population. ....................... 81, 100000
Circulation per capita, ............ -a $50 OI
The currency circulation and popula-
ton are for the twenty-five States com.
prising the North German Confederation
Correct returns of the currency of Ger
many, since the Franco -Prussian war, are
not yet published.
Circulation in Great Britain and Ireland
GOlu coin. tS4,ooi ,OUO
SiVercoh...-'. ......,.r-......'.... io,Voo,OOO
Bronze COIN. ......................... l,lRS,OO9
| Excess of bank notes over coin
reserves. '..... ...''. }O,o4DOOO
Total. al.....................s.... fI4l 236 OOO
Equal In u 5. gold coin to......... $6s649i $40
Population. ............. 80. 32,OOl, ,0Di
Circulation per capaa'.............. $9i AZ
Here it is shown that Germany, with
all her accumulations of treasure, has O
circulation, per capita, of only $40; and
here, too, we have the fact demonstrated
that the wealthy manufacturing and CON-
mercial United Kingdom of Great Bri.
tain and Ireland is doing business, with.
out inconvenience, too, with monetary
circulation, of less amount, per capita,
than that of the United States.
If additional evidence is required that
the currency in circulation in the United
States is fully equal to the actual demand
1t is shown in the fact that any amount OF
money can be obtained in New York City
and other commercial and money centres
at hive per cent per annum, on satisfacto-
ry securities. -
It's further demonstrated that there is
more currency in circulation than there is
any demand for, by the fact that under
the act of june 20, 1874, providing 70,
the redemption is several millions in ex,
cess of the new issue called for Tbs
money retired comes mainly, too. from,
| Western banks. The Comptroller of the