Dodge City times., 1891-07-24
$1,000, ,0p.aOO

or 50 for each inhabitant of the world.
The increase of population is one per
cent per annum, and to make the in
crease of money keep pace with the
population would require an annual ad-
iition of s1lO. OO0. 600. The worlds pro-
ductiOn of gold is diminishing at the
rate of s., OO0. 600 per annum. being now
about 500, 600, 600, of which the con-
sumption in the arts and sciences is
about 100000. The money needed
for business depends upon the activities
of q nation. The relative per cent of
money needed by Americans is about
80 per cent in America, % per cent. in
Great Britain and Sc per cent in Europe
generally, SO it is seen that the United
States needs about three times the
amount OF money to do business on
what is required in Europe. The vol
ume of business Is estimated at
from $50, ,00O. 900 to $500, 900. 600
daily, the real estate transfers
s20. 0O0. 900. the payment of wages
$50. 00O, 900 more, SO it is at once seen
that the gold and silver is utterly inad-
equate to do the business of the world,
even If coined to the full extent of its
production. This is supplemented by
more than so per cent of paper money,
by many hundreds per cent in checks,
notes, drafts and commercial paper
generally. which are only forms of
credit or representatives of money
somewhere ON deposit Out of the
S, SOC, ,OOO. O0oo of gold, the United States
has but $500, OOO, 900 in coinage, and if
we had gold coinage alone we would
have only about $500. OO0, 900 to dc a
daily business of $3.50. 600. 600 The ap-
palling fact is that there is not enough
gold and silver together, but with all
the make-shifts of commercial paper 90
per cent of the business must be done
on credit
''Most of people believe that the sup
ply of money is practically limitless,
but it is not so. as made apparent by
the above figures. In fact, it is in a po-
sition that it can be converted more
readily to-day than most of our great
products If the Rothschilds, the
Bleichroders, the duke of Westminster,
the count of Paris, Baron Hirsch, the |
Vanderbilts, the Astors, Jay Gould and |
about q dozen more of the wealthy |
men of the world were to convert their |
properties into money. at the present
range of values, they would absorb the
entire amount issued or coined by all |
the countries of the world
''Unlcss there is some mode taken
for extending the currency, the value
of the coined money must increase, and
that will be measured by the deprecia-
ton of securities and properties. In
other words, an entire readjustment of
values will be brought about In this
country the trouble, the annoyance and
the hardships incidental thereto, could
be largely obviated by the extension Of
the national banking system. This
would provide safe, sound money is
sue by the people, and without cost or
risk to the government"
It will pay to carefully study the
above editorial There is a vast fund
Of financial information in it It will
be observed that this paper admits what
the Farmers Alliance has long claimed,
10 be the financial situation When it
comes to the remedy, however. the
Financial Record would perpetuate the
very same financial system that pro-
iuced the present crisis This gives
the whole thing away. and shows that
It was written to perpetuate the life Of
, system that has enslaved the people.
II the Financial Record had offered any
plan to take the people from under the
of the Insurer, then that pa
per could expect and would receive the
plaudits Of the oppressed people that it
70 graphically describes But the
make is bound to show its head What
} pity that men, whom the people be-
ieve have common sense. cannot get
through their heads q system Of finance
hat eliminates the domination of the
1surcr and speculator. and enthrones
he producers of all wealth. Every
lay furnishes additional testimony that
hey ase not going to do it and If the
,eople get relief. they viii be forced to
,ound such newspapers, and about
Of the political
posses Of this country, into . state Of