The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-02-28

change in The relations q money volume %
population using y Tor the years given:
Volume 2; Money. Population
IN $50 .--......... sss7OO0D ai.yOUO
~ - -ssaoooo1 330o.vo
IA 1918 gdsu0oJD f0Wo,O00
In 1873 ....--...... smOpOco $4,000
special attention T. directed 10y the Secretary
o. the Treasury % the volume Of money in 1878
and In 1852 The volume for 1850 Is placed AZ ST..
il5OiAVU, or an increase since 1878 Of eJs9,e2f,
ll1. which II Is claimed Is an increase IN excess
81 increase ~ population, and on the basis Of
money volume there shoald have been a rise
anu not fall OF prices. But in the first place.
no allowance Is made FOR loss OF gree nbacks or
National bank notes. which can hardly be less.
Tor both kinds Of currency, than per cent. OF
the whole, or se5uUOO and may be much
more
Then IN stating the gold N circulation. In the
form Of coin Or certificates. as eig2oO.0O0 It is
a question whether sufficient allowance has
been made for the goid carried out OF the coun-
try by persons travelling aproadinthe ten years.
For these two items alone. IL would not seem
an oyerestirnate 20 allow 500 oW0oo. and this
Is sustained by the fact that v hile bank notes,
grcenbacSs and certificates are constantly met
with in circulation. gold coin is seldom seen
Deducting siOoVOooo and we have left, as the
actual volume in circulation for 1889. but ELL
S5oO0o and this. II IS believed Is full es-
innate. But the chief error lies in taking the
volume OF 1873 for comparison with that OF 1879.
The year 1873 was the year OF ionsst price be
tween 1873 anu 1881, and OF the smallest volume
Of money.
Prices as stated above were iou<r. TOO. n the
Tltif<d HGfss than IN Europe caused by the
boarding Of gold for resumption
Now. marx the movement OF prices and the
rapid Increase in the volume Of money. Be
sides the absorption Of our own production OF
| gold. the net imports OF gold from 1879 10 1851
We're ti76Oup'ooO and the money volume rose 70
si.NS.WAoso ~ October, lso. and IN October,
ISL, the volume was N,i4s s@f25- or an III
crease In two and a half years Of t3s2o9s62s
ny this time the equilibrium OF prices was re-
stored, a. shown by rise In prices IN the
| United States
| From ISL 10 1852 eight years. the gain IN the
| money volume, according 70 Treasury reports,
was but So. 1855. or at the rate q about -
10000 year, instead 81 S-,ooOfV, as given Dy
the Secretary for the whole period Indeed. II
proper allowances were made f9r loss Of paper
currency anu los u soiu ~ Peop.e 'iaseilne
abroad and In other ways. the actual increase
would not amount. probably, 70 t25M00 q
year, or less than Per cent. while population
increases At the rate Of 4pcr cent and wealth
and commerce much faster. Hence ne have
steady fail IN the range Of prices from 1872 70
isSS which still continues and vii continue rs
long - the money volume continues 70 con-
tract From the above statement Of facts 4
appears mlsieaane 20 compare tse money Vol
ur1e q lsss win tnat q 49,. ana caiculsse a
even rate o. increase toF we wno'e Per'oa-
AZ Is nos conscnoca mat prices 90 MOI sery
rom osner causes tnhn ssrlat,ons A me VOL
ume OF money. improved metnocs q produc-
uon multiplying eoI'naoaitleS q various kinos
prouuee snanses - P.lses 49, 49, y 49,
commodities ase constantly saisins' one ~itn
anotner' under tne law 2, supply anu demand.
bul therc mas peen ii.tie cnanse " niteen years
N tne cost % psoouc,ns me srsas staples s'sen
IN the above tanie- Rave iAnueu prpperles -
increased as compared Win populatlon = q
cause iaii OF one tnira ~ saine since is's, ~
= there less neea LOT houses no" tnan 'nsn
The farmer acres nave mol grown smaller pu,
they Will mol sell LOT o. mucn. ~, pnees y
single tniags may ana 90 way rom nany
causes put the genera ranse y prizes tne
value o. al tninss. enanse OILY WIN enanso
In the measure there = no o'ner explanation.
Inc measure nas nsen saan VA 80. - psen
enaneeu rom po'n to'a - =. g, su .
men'ea ~ arg isSuss u p.peI - ko'r a,ol,.
$500 - 80 a,r,r,s,, srr,,,v- ~ ho,h - ynls
ana tne airuai supply y $50 oniS' "n'en. -
We shaii Sc isr'nrr on ! 49, ~. n,o,s ~,
'squ''ea ao' -, ~ .'e = m : 49,
II werc iale 70 loox io1 any 2. nsr. u, \.