The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-01-03

accounted for. "This is a big cut in.
to $3.50, 063,5O5 The same authority
shows that on January l, 1888, the
treasury claimed to hold 1924, 773, 677
of gold; but deducting gold certif-
Gates issued against it 'only about one
hundred millions can be found" The
same writer continues ''not one
individual in every hundred receives
in ordinary business transactions a
gold certificate or a gold coin once in
twelve months"
Mr.. Dunning than proceeds to
show that the entire silver coinage
Of country wears out in thirty
years. John Sherman confirms this.
The treasury claims that every silver
dollar coined since 1878 is still in cir
culation and eight million dollars be-
sides; and that no part of the sub
sidiary silver coin has disappeared:
although the government has been
claiming for years and now claims
that there are $5,9l6, 59O.47 of frac-
tional currency,-paper "halfs" and
"quarters' and ten cent pieces, float
ing around while every body knows
that not one has been seen,-except
as curiosity,-for twenty years.
What has become of it? Lost, sunk
in seas and rivers, burned up in no.
tells, worn out. And congress de-
clared June p, 1879, that $8,375, 1874
more had been lost or destroyed.
Fourteen millions in all out of $685.
100000 issued vanished. And is not
the same thing true of the silver and
gold coin? And yet this fraudulent
government of ours, to help the
plutocrats, claims that the people
have got it all!
But this isn't the worst of it. The
law requires the national banks to
hold a large amount of money in re-
serve for the protection of their de-
poSitOrS. This is not circulating
among the people. 1t cannot be in
two places at once. How much is it?
It is 1888, III, 465. Then the state
banks and savings banks also have
to keep a reserve of from ten to
twenty-five per cent. Mr.. Dunning
estimates this, Cat ten per cent?, as
$233, 427, 242. Then there are 3,647
banks that have not reported. Place
the reserve says Mr.. Dunning at $10,-
900 each, and it gives $36, 470, 900; or a
grand total of bank reserves of
1908 ,O0S, 7O7, which must be deducted
from the 81 1897 ,55l 1886 of total, NOM
inal circulation, leaving but 1884,
543,12S for the use of the people,! |!
Why did !. not our lying servants at
Washington tell us all this when
they took the trouble to figure up
the per capita circulation at $24.O2?
How particular they were about
those two cents!
Here are Mr.. Dunning's concluding
figures as to the real currency circu-
lation, of the United States:
Amount outstanding as per
treaSuror'S Statement..... 81 600, O94, Az. AZ
Amounts to be deducted:
Loss in gold eooo ooo ooo %
cO1n.... 49,. .x2OO.OUO,UOU.VU
Loss in silver
COln.... 2U,OOO,UOO.OO
currenoy 1922 :. 5o,oooooo.oo
Loss infraction-
al CURRENCY. 6,91669O.OO
total. -. =: eo3,oos, 7o7.oo
Treasury.... :. 337, 14,0s936
Consent abroad 61.6O55SS.OO
Bullion counted
as currency. 76,439,5O4.OO s1.355, 2o4 57s.3 SO
In circulation. $310, $50, S42. II
Divide this among 81, III 1886 people
AND 1T GIVES US THE GRAND
TOTAL OF
$4.07 per Capita!
And now the scoundrels wait to
demonetize silver, stop the ful ther
issue of silver certificates or roin;
make gold the sole money metal and
smash the whole people of the Unit
ed States. BLOOD and Brides I" 1t
is enough to make the very women
sieze the old shotguns and rise in in
surrection. Talk about the Boston
tea party and the stamp tax! Why,
we are degenerate race of fools,-
tramping after old party banners in
to the poor-houses. Shame on such
a race.
And France has $50 per capita, and
$500, 900, 900 of silver in circulation,
and is the most prosperous-in fact
the only prosperous-country, to-day,
in the world.
"How long! Oh Lord! How long,"
IMPORTANT ANNOUNCEMENT
Annual Meeting of the State Far
mers Alliance.
The next annual state convention
of the State Farmers Alliance will be