The advocate., 1894-10-17
MALICIOUS MENDACIFY.

AHoNo ~ " per CENT more money per acAplbb
In the United States than there was seventeen
years ago, says the St Paul Pioneer Press
Stick a:pin there. 1t is a complete answer "a
3 multitude Of Populistlles and sophistries-
Capital, October II.
If such statements as the above are
made with knowledge of their sbso.
Lutte falsehood, the man who makes
them is a scoundrel. If they are made
through ignorance without consulting
the sources of information that are
available upon the subject, the Grim
inality is none the less. Is the Capital
writer ignorantp In its editorial col.
umns in 1890, in answer to q letter OF
inquiry, the Capital itself stated the
circulation in 1866 to be upwards OF
$52 per capita; and all that is claimed
for it now is $25.
In the treasury reports that were
issued just after the war the different
kinds of money in circulation were
enumerated and the aggregate, as
shown by these reports, was about
what the Capital stated it to be in 1890
This, however, was before the people
awOke to a realization of the crime OF
contraction, and began the work of
education and agitation upon such
topics. 1t was soon discovered that
the treasury statements above referred
to constituted very dangerous informa.
tlOn to be circulated among the people,
and it was dropped from all later re-
ports. Since that time treasury figures
have been subject to official jugglery
with view of making them show a
constantly increasing, instead of a
constantly diminishing circulating me
dium.
Upto and including the year 1886
the statistical abstract issued from the
treasury department, carried the sew
ersl varieties Of money in the country
and in circulation from 1860, up to thai
date, and from the tables Of the alb
stract Of that year we extract the fig,
ures given below. The tables are on
pages 20 to 23 and are headed as fol-
lows:
Amount of gold and silver coin and bullion
gold, silver and currency certificates; United
States notes, and national and state bank
notes In the United States, and distribution
thereof at the close OF each fiscal year from
1860 to 1886, inclusive. From the report OF the
secretary Of the treasury.
The amount for the year 1866 is
stated as follows:
GOLD.
In treasury, including bulllon...B 4O448,O5l.6S
In national banks ..,............. 9,43706 40
In circulation, In other banks
and In individual hands, ...... l39,119907.92
SUBSIDIARY SILVER.
In treasury. ...".................. 7S6S41.66
In circulation, in other banks
and in individual hands,. 8,71315885
PAPER.
state bank circulation. .......... 149Si06a8.O 90
Demand notes s..................... 4726O3OO
One and tWo-year notes OF 1868 o.. 4283S,7lO.00
Compound-interest notes ...... 1896 O80.00
Fractional currency .............. 95yOO5JS2S.7 .76
NATIONAL BANK NOTES.
In national banks. S6SS752SOO
In circulation, In other banks
and In individual hands. ...... 1O080O,832 90
LEGAL-TENDER NOTES.
In treasury. y....................... 52140686,O0
In national banks. ................. 165S0l, ,496O0
In circulation, In other banks
and in individual hands. ....... 2l8,529, ,24600
-
Aggregate circulation ........... $11SOl97, ,l7676
The above is an exact copy of the
figures given for the year 1865. A foot
note below the table reads as follows:
The aggregate circulation should be reduced
By the total amount Of gold, silver and legal