The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-05-06

e7l0D0S less thau nfro-tar L-c-h'7 HFuros-
Note-Qne very rareiy secs ana old rr-gunarlsf
while gold i- "a curiosity
Population SepteIu her 80. ISsl. GS. .s56--
600. Per capita i'm circulation outside
of banks, SS.GI.
1t is not conteuded that the figures
are absolutely correct, but they are APP
proximutely So. Near enough for ala
purposes of illustration. For i'm
stance, while the figures given for
the net exports of gold are COR
rect up TO june 8I 1891 there had
been recovered OF gold, 10y October
81, 1891. thc sum of S2l-a28, l5E, whilu
our domestic production for the thrca
months amounted to- sHy, Ss,00G,10o-
This makes Sfu, ,I1si, 11E TO be added To
the stock of gold iu tHC country. DE
this amount the sum of 5000. 600 was
coined, which amuuut-should Dg added
to the item, "Goid coin acquired since
Then there was bought by the treasury
department, between June $50 and Dctps
ber 81, say, els 200, 600 in silver bullion
commercial value), which should los
added TO the item, tSiIvgr coin and
bullion acquired since This would
make difference of less thHu 40 cents
per capita in the net amount OF money
iH circulation,
but To offset this have c-timatcI
only $500. 600 -Ogl for gold coin lost,
boarded and carried abroad, whereas
Director of lhe Mint Lsrch este
mated tine amount 40 s5To, ,OJ1.DJJ four
years ago. And counted but $50. OG0.-
600 gold bullion MS used iu the arts for
the whole nineteen years, whereas EEs,s
600, coo was used in that way during this
last fiscal year, 5s 600, 600 of it being iu
coin.
CoucediuE, however, that there has
been no gold or silver coin lost. used ina
the arts or carried abroad, aud mo- paper
money lost OF destroyed, there IS vet
only the sum of es-5-aI9r24 ur Sl2-sg
per capita iH the hands OF the people,
exclusive of the legal reserves Held 10y
the various banking institutions. More
than half of this is silver produced since
1873. ANul Mr.. Wheeler kindly tcil MS
what vuuld have become of this nation
had it. not been for tHe passage Of thg
Bland bill and the silver bin of Is33P
The precious metals t2g do not afford
, @ broad enough base for thc money pf
the nineteenth century Au arbitrary
per capita limit is uuscieuUife and uu-
satisfactory- THe true limit % the
volume of the ideal money ui civil i-av
tiou is that amount that cam be profit
ably used iH productive Industries and
c8mmerru, ut rate of interest which
win make am equitable division of rhs.
nations products. between the t-.B face
| tors. labor and capital Tho productive
real estate of the nation affords an 90 b.
. a1fIlelF sale basis Tor SUCH H currency
and the present assessed valuation. or
any per crutage of it. might Dos
/ used ass the arbitrary limit to-
\ TO the volume Of such money II
such money is loaned 10y the people as a
] community. or nation To themselves, Hs
! individuals at two per cent interest
] and provision d. made FOR it's funding
] into intereouvertibie sagiuE bonds,
] drawing one per cent interest the peD-
D will UrrHrurrH-|L with AN
I safe place of deposit for their -urpI uH or
I idle money and enjoy heEihIe volume
I OK currency that will automatically HI-
+. just itself To- the demands of productive
I enterprises and the volume of domestic
I gEchuuED=-
Thus would productive and di-tribu-
/ tive labor be freed from tine CALLING da-
] miuiaH of usury- and money become a
] blessing instead of "a curse, beiHsg robbed
I of its power To opprcss-" SO mote it
! be--Gc1rEe C.. Ward, in Topeka Adv0-
: cate.