The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-08-02

If we have rot why should we not
have it : If we have it not, must we
not suffer by business paralysis
Mr. Z. D. Mansfield, once editor of the
Cincinnati Gazette, painstaking statlstician
and a writer familiar to all readers OF tha.
paper, gives the following figures and conclu
sions in regard to the volume OF circulation
in this country and in the principal nations
of Europe, and the practicability OF resuming
specie payments III the United States, in re-
cent communications TO the Gazette.
FRANCE.
Mr. Mansfield first considers France and
says:
''The Bank OF France is the best conducted
institution in Europe, and the French people
the most economical The statement OF the
Bank of France. taken from the London
Economist OF April I 1877, was as follows:
Cash fSS, 642 900 is $443. 210, goo
Notes toutstandingl e103, ga 900 Gle, Az, 90
Total circulation f19l GIG 600 is so59. $50, 600
1--WE see, then. that from the statement of
the Bank OF France alone. without reference
to any her institutions. or the money in
the hands OF the people, there was $3.50 900
900, either in paper or gold. But in addition
to the sum Ill circulation and controlled by
the Bank OF France, there is an immense sum
within the report of the Bank o. France
This sum cannot be exactly ascertain ed and
has, OF course. been estimated differently by
different persons. Statisticans allowed {.
dimunition on account o. the payment OF the
war debt to Germany Of 1000 900 600 francs
from the 1000 600 ,0Jo previously in France
The whole currency, including the coin in
the Bank OF France was thus estimated:
Francs
tfo@,i it.a.a ,s1F,1 md t,r.l
hon. $3.50. 4 900 900 $50
Notes outstanding as above. = ,571 $50 $50
Aggregate 49,. ........ g ISL $50. coo
Equal to ...... ...... S3l6310 COO
The present population OF France is but
little different from 3650o. 900 making $50
to each person. Ii we were 10 deduct from
this the V hole coin and bullion Of the Bank
OF France. the remaining curreacv would be
more than s23 To each person. Il il claimed
hv some economists that the amount OF coin
and bullion III France is much greater than
that OF the above statement but am coz
WINGED with taking the minimum.
GREAT BRITAIN.
Next taking Great Britain, we can aSeer-
tain the bank-note circulation without much
difficulty. since the whole bank notes issued
are registered and reported TO the govern
ment The amount OF coin IN circulation is
more difficult to ascertain. since il is TO be
determined not only by the coinage for a Sc
ries of wears. but hv the wear and tear. the
exports. in ports, &c, &c. An estimate of
high authority is that OF Bismarck who
estimated the coin IN circulation in 1856 Of
SO. o0o. 900. or $3.50 900 600. Another esti-
mate. for 1872. taking into view the exports.
imports. recoinage and waste made the total
gold coin circulating in the United Kingdom
fS4. SOL 900 The amount OF silver coin then
circulating was Els 600 The bronze
coin was el.14S.0 900. The excess of bank
notes over coin reserves was 30. $40. 900 We
have. then. the following complete table of
British money at the close OF l772, viz:
Total amount OF gold circulating in the
United Kingdom GA.551 600
Total amount of silver coin 100000
Total amount of bronze coin l.1is. OcO
Bank notes coin 40,5i0.000
Total circulation af coins and Lo.es cl4l 90 nao