The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-14
DIFFERENT TASTES IN MONET.
In Parts or the Country Gold II Wanted. IN
Parts Paper, and Tn Parts silver.

| The money Of tho United States is OF three
kinds-gold, silver. and paper Paper is gold
| certificates, silver certificates. national bnnk
notes. and legal tender notes. or greenbacks.
| The proportion Of these in circulation varies
| in different parts OF the country In q way that
shows the different preferences OF the inhab-
itants and also tho cause for the. desire OF so
much gold
| In tho East silver dollars nre rarely circu-
| lated: esrecially In citios.lke New York and
| Boston silver dollars nro rarely used In trade.
| Sometimes an employer pays his men with
| them whore lie has large number OF labor
ers on small weekly wages. because 1t Is easy
| to make up thor pay by stacking tho silver
| dollars like chips. while there may be mis-
take in the denomination OF tho Erccnbncks,
which could not easily be trnced and rectined
| with hundreds of names on the pay roll. The
silver dollars. however go back to the banks
| ngain quickly and from the banks to the Sub
| Treasury. where silver certificates are got In
| exchange for them.
There ia n dislike among the Eastern public
| to receiving or carrying either gold or silver.
Tho silver is heavy and bulky. Besides spoil
ing the set OF tho trousers or coat 1t is In the
way. and is a constant temptation to be
spent. Fifteen dollars would load ono OF n
mans pockets down ms much as II he we're
carrying a pound weight. and forty or nifty
of suspcnders. The objection to gold is not
tho same as to silver. Oh account OF It's smaller
weight and bulk for the value but the gold has
to DO carried in pocket by itself. and 1t may
DO handed out In mistake for something olsc.
There Is little possibility in ,mistaking u silver
dollar for any other kind OF coin. but u $3.50
gold piece might be readily mistaken for
quarter. Besides. gold Is easily lost, and there
is the same objection to carrying q quantity OF
lnr q uuAntltY
tom almost all the gold IN VIII the large Sites Of
Treasury or the bank vaults. and only frac-
ton Of silver is in circulation. Merchants
silver dollars in change. and though. OF course.
they viii take silver in payment I'm. for goods:
and give the small bills in change. Except
about Christmas time. when there is n demand
ESd % tor otss
ysnrs not Sne dollar In hand,ed chr"
| silver is in gold or silver.
But on the Pacific slope gold is preferred to
| paper or silver. The reason for this is greatly
rency in California was gold and fractional
silver. because tho gold was produced there.
gold s East Ii; This interchange would take place
IN the course OF time; and greenhnGks OF large
the G
$40. and $50 bills has been slow. So hns
the Of silver dSars There
rarely found cseua ba ho oi INT
cigar stores. paper shops. and other like places
and @ saGes s End esgH vsn and
| exchange for an amount OF less than a quar-
| ter eagle. The silver dollar and the 5! and 81
| bills are alike unpopular Tho Californian
| likes to have the value in his pocket Instead OF
,Throuch the farming districts beginning in
snd running through the south and West to
| back but the silver itself. Paper money is in
| circulation through the banks and among the
money OF the farmer is the silver dollar.
| This fact OF the almost exclusive circulation
| OF the silver dollar among the agricultural
population accounts to a great extent for the
IF as o So sa1 int
liar in this. for the desire to have more money
| is common to almost everybody. From tho fact
have hay, "a. and almost the only Kind they believe
II there were more silver dollars more would
ton we're enforced in some per capita manner.
| or through national pawnshop. which would
take their crops and loan them silver dollars
Gold rarely cIrculates in any agricultural
community east OF the Rocky Mountains.
cumulate money and keep it around the house
they save gold by preferences There are are fey
| days during the war when gold was at u pre-
Would spend I the paper and kesp o' the gold It
was the more I, valua biz In this manner hun
6Ted q OF doaf god was
The. feeling among the farmers in favor Of
| free silver coinaReis not SO much feeling in
money. After the war and in the early seven
ties and on until the respmption OF specie
| were the only money in circulation among tho
farmers Tho farmers felt that they were
was SDe'' to give each Of them more money As
greenbacks were the money they had. and
knew most about. they wanted the Govern
ereenbacks to them ali. thereby increas;
ing the am cunt OF money each Of them would
| craze and the greenback parties. the demand
| for more money was repeated in the Farmers
mand Tor more money instead Of being that
| the Government should print so much green
paper. is that the Government shall stamp SO
through the South. the, circulation Of the
Ss the IS S IN
dollar is used. The farmer who sells a load Of
in Ss ss weshs
Thing there. He does not mind the effect it
has on his walk or on tho set OF his trousers
The Kind OF money in circulation in locality
| is almost a sure indication Of tho amount Of
and IF tire tdnS HABITS Se s1s the oar
shows that the ordinary transactions are small!
and the amount OF money and amount Of
whom one s. liver dollar seems big. eight or ten
Of them are impressive nnh thirty or , f9rty are
the New York business NAP n,,> would mind the
| dent that large transactions cannot
well be, carried on with the use OF
money would be a good deal Of effort and
labor: A man whose average income is $500
| moro silver dollars than he can conveniently
handle. il his income were larger and the
| the silver dollar would cease to sufhce him.
| and he would have to have bills OF larger do
nominations.
The whole mater of circulation arranges
itself naturally on these lines; that where the
| most money is 1t will be handled In tn most
| concentrated form. and that where the less
money is in circulation the largest visible
| token OF 1t will DO used by preference.
A Judges Salary in Cook County.