The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1891-09-10

cold Coin. S5S2, ,2227 ,566
Standard Silver Dollars. O7,S15, ,26S |
Subsidiary Silver Dollars. 40, 99o' o9o
Gold Certifcates...........~ 10, ,S94'3o9
Silver Certificates........:... 324, ,2lo'2o9
Treas'y Notes, Act Juiy,'W 96oo,O32
L. S. Notes, (Greenbacks) SAG, ,6ol ,Ol6
Cnr;vCertif's Act June,'72 27,1S5,G !
National Bank Notes...... l'l,333, ,499
Total s., IA, 13l ,343 |
Of this sum there is held in the Treas
urv for reasons need prt stop to eX-
plain. s63S, 200, ,209. Tie remainder is
in actual circulation among the people,
as follows:
Cold Oln....................... G7oo, 1fo,ooc
Standard Silver Dollars. oS,o3o, ,o9a
Subsidiary Silver Dollars. 3S,3o4 6oS
Gold Certiicates............- l0S,2a3,ot9
Silver Certificates............ 81 lI,ooo,32l
Treas. Notes, Act July, $50 10, ,3oo
u. S. Notes, (Greenbacksl 81 ,696, 45o
Cnr,vCartif's Act June.'72 29,455, 900 |
National Bank Notes, I64,oIl,24'
Total 81 ,506, 131 1873 |
Counting our population at 63,9lo,oOO, |
as does the Treasury Department IN a
circular lust received, we have per
capita circulation Of S23.54, as any one
can easily verify for himself by doing
little figuring. But Notwithstanding
these plain and palpable facts, some or
our Alliance friends will persist. as we |
understand they have been doing IN !
our county during the past week, III
teaching orr over-credulous farmers |
the same old falsehoods told them by
the National Economist and Gotten
Plant.
This statement of the Treasury De-
partment also shows that the net IN
crease in circulation during the month
of Ausust-August 1st to September
1st-was So, Jos, ,32l, that is from $ ,9oo,-
Sl2 on Ausust 1st, to 81 ,3O6, l3l ,l3* on
September lst. Note, too, that @! thlS
increase 81, ,S93, ,935 was in the Natlonal
Bank Notes. Yet we VIII continue to
be told that these Banks: these 'ene
mics Of the people" are wlckedly ana
maliciously contracting the currency.
1t shows, TOO, hat the increase III CIR
culation during the year-Septem0er
lst, 1890 ID September lst, 1881
amounted to S70,06S l9l, or over Sl.lO
Der capita increase in a single year.
NAV here note that Senator Buffers
mistake at Prosperity. in estimating
the circulation at only SIG per capita,
seems to have arisen from his confusing
the amount in actual circulation with
the entire amount Stock coined or
issued. Deducting the amount held
in the Treasury from this instead OF
from the entire sum, would about ac-
count for his figures Of Sl6. and L 90
not see how he could have arrived at
them otherwise; for, OF course he dlo
not invent them u ld Macune.
Taking, in connection with TINS last
official statement, another recent state
menC of the Treasury Department CIV
ing the circulation for different years
since 1860, il is seen that the circulation
per capita is now larger, at least was
the lst of last January, than at any
previous period in our history. In 1862
at the outbreak Of the war, it was only
Sl3.S5 per capita. In 1865, at the close
of the war, when We had so much in
fation OF paper money, and gold and
silver were both driven out Of circu!a-
ton, we had per capita circulation of
only S20.57. Twenty years later, IN
1885, after we had resumed specie pay
ments, and our finances had got back
to a normal and healthy condition,
and our credit was second only to that
of England, the per capita circulation