Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1890-11-28
How Money Gets Into circnl..lon

1t is Interest rse see how none,
gets into the channels of trade. Mos
people'never stop 20 think Of that.
When the issue Of palier money o,
The coinage Of pletal has been author
:zed by congress the work is done a
the mints and at lAe bureau of print
lang and engraving, but how does il 90
70 the people?
In several ways, but principally
through. the paying out of sums an.
propriated by ~ government for va
rious purposes The preparations
for the current year are $500, ,ooo. 600.
About 500, 100000 is paid out in pen.
sions and thus scattered in every state.
but principally II the northern states
A large ansount goes for the re-
demption of bonds and the payment
of interest; Oh. large amounts for
the civil, military and naval establish
ments, for the diplomatic service, for
puplic building@, in the government Of
;he District 0 Columbia, and for the
Indians. IH~-is way $3.50, 600 600
wall go out frem the4reasury this year,
and the amountiifcreases annualEy. =;
-ohother method is through the'.coiii-
I'll II silver ~ gold. The govern
ment 'pu,ss- aaliisa,and mast pay for it
with something it pays for it with
silver and gold certificates, which thus
get into the hands Of the people.
Another ifFis soa is through the ma
tional bank System, bywhich, as every
body knows. a--lnly charter cd corpora
ition, on depcsisof United States bonds
is allowed ts--ae 80 per cent Of their
face value il currency Of their own.
This currency the bank loans to its
customers and so il goes.
Another method is through fhc gov
ernmcnt do<5eitorles. All over the
United StatraA12deral officers are col.
lccting internal revenue taxes, over
400, 200, ,oo0a year, sometimes as hipb
as $3.50, ooo 900 year. The local Off
GERS must have place of deposit, and
so the gove E<Sent designates deposit
tries in convenient places. The banks
70 designated have to secure the gov
crnment fniss- BY putting up govern
ment bondsss Thus there are in every
important city in the country consid-
on or'9s 5spo. s%p'"s snmont ssa.1'o ,a money
part Of t!s.l.Qa. s%aiTSus ssaiiSus Is of the bank
nd 50 sg olhel stories thg - 'lsuta
faphy Of the eminent geologist, auarrrr
who died in 1873, tells how
the professor once earned a shilling.
'Did lever earn a shilling? Yes, did,
one day in Wales. | had had a long
tramp on the hills and was walking
home, dog tired and very weary, when
caught sight of fossils in some stones
;aid by the wayside. So | sat down
and began hammering away. Pres
emily a lady came up and asked me
several questions about the country,
and how shc was to get to place the
name of which have now forgotten.
She thanked me for my information
and added:
"Poor man, you must find this very
hard work" eyes, indeed | do, l
replied, whereupon she took out her
purse and gave me shilling. Next
evening, to my great amusement, she
came to dine at the house where | was
staying. l recognized her at once,
but she did not know me in my al
.ered dress. She was visiting Wales
FOR the first time and was s~., 8, -
lhusiasm foT'fPe scenery and the peo-
pic. "They are so obiging and so
communicative" she said. "OnlY
Yesterday l had a long conversation
with an old man who was breaking
stone on the road. He told me all
wanted to know, and was 50 civil that
gave him a shilling" l could not
sesist the pleasure of saying, "Yes,
.ua am, you did, and here it is
= Melbourne Australia) Leader.