Brenham weekly banner. [volume] (Brenham, Tex.) 1877-1907, 1879-07-18
MONEY.

motion the wheels Of commerce
and accordingly as it is abun-
dant or scarce the wheels move
fast or slow on the same prin-
ciplc as a water wheel is regula-
ted by the supply Of water.
Congressman A. J. Warner, au-
thor Of the Warner silver bill;
has prepared some very inter
esting statistics concerning the
volume ofcurrency in the United
States and the amount of mon
cy in circulation in the other
countries, which is published in
the Washington Sunday Ga
Srne. The following is a synop-
sis Of the figures
June 80. 1865, the total circu-
lation was soS5, SIS,6S5 or about
$50 per capita, not counting the
population of the state in re-
bellion.
June 80, 1873, the total circu-
lation had been reduced to
S75o.o62, 36S and the estimated
population 100000, giving a
per capita Of a little less than
SIS. .-->-
June so. 1873, the total circu-
lation was further reduced to
s6SS,579,275; the population is
estimated at 100000, giving
about sI4.5o per capita.
June 80, 1879, the circulation
is s6So,424,645;. the present
population is estimated at 49,
100000. giving a per capita of
STA. There is sI5S,ooo,ooo in
coin locked up in the treasury
vaults which is not counted in
the estimate of circulation. AT
this time o.o47,o52 standard
dollars and S55,522,o7I in frac-
tional silver was in circulation.
In England in 1873, the &C
tual circulation was soI7,345,-
900; the estimated population
100000, giving nearly S27
per capita.
In France in December 1873,
the total circulation was estima-
ted at s2,o5o,34o,ooo, of which
it is estimated SI,2oo,ooo,ooo
in coin is in the hands of the
people. The total population
in 1879, was 100000, making
a per capita Of over SIS, or de-
Quoting the bank reseve there is
an actual per capita Of over
S44.
In Germany in 1879, the, to-
tai circulation was $500, Coz, 900
of which s5oo,ooo,ooo in coin
was in the hands Of the people.
The population of Germany is
100000, giving about $40
per capita.
OF metallic money the United
States, England, France, Aus
tria, Russia, Germany, Neither
lands, Belgium, Italy and Spain
hold SI,r65,ooo 900. Eight
creditor nations-viz: England,
Germany, France, Belgium,
Holland, Switzerland, Denmark
and Notwithstanding a to-
tai population of 100000 900,
possess about S2,7oo,ooo,oo
out of a total of s3,3oo,ooo,ooo
of gold and silver held by all
Europe, which gives the states
named a per capita of about
$50 in metallic money. The rest
of Europe with a population of
100000 has but 5000, ooo,-
600 in coin or s. per capita.
The natiors comprising this
population are all debtor ma
lions, which shows the effect of
national debts in the distribu-
ton of metallic money. The
United States, though produc-
ing more of the precious met
ais than any other country in
the world, Is classed among the
debtor nations. .. ...-.
Mr.. Warner sums up. as fol-
lows: There is no other cause
Of the present prolonged stag
nation of trade and business in
this country but the reduction
Of the volume of money-6rst
the reduction of the paper vol
ume, then the reduction of me-
tallic money from gold and sill
yer to gold alone. This change
was nothing less than a high
crime against the whole people.
Mr.. Warner favors paying out
the boards in the treasury and
the reconciliation of silver.
The Houston Telegram of
last Sunday contains an able
editorial upon Texas and her