The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-07-13
CAUsE OF FALLING PRICES.

A shriDkage in the volume of money in
the channels of commerce is the one great
cause of failing prices ard financial distress.
we might go far back in history to establish
the correctness of the assertion, but that is
not necessary. We might go back to the
year 1866 and state from official authority
the amount of the circulating medium at
at that time (only paper). Should we do
this, the statement would be disputed by
some; hence, we will begin with the United
States treasurer's report of 1898:
REPORT FOR 1897
Page 85-Stock of all kinds of money
in the United States October, 1881. .387
DISTRIBUTION.
Page 89-Spec1e in the United States
treasury October, 1881 ........... 269,399, 81
treasury October, 1881.,........... 4s.46o.85a
NEUTRALITY-SUSPICIOUS.. sIa,86o, rzs
Spoffords statistics, volume 1850
Page oI-DePosits in national banks,
SI,oo3, LOG, oCoi average 20 per cent
reserve locked up. ::...,...;...... a16.6aO,oOo
Tribune Almanac statistics. 1890
State and territorial banking institu-
tions in the United States October,
1881, deposits, 81, z23 100000; uni
form IS per cent reserve locked up
and out of circulation equals. 53o,75o,ooo
RECONCILIATION.
October, 1881 total stock of money $I482 5I8, 3S7
October, 1881, in the United States
OCTOBER, 1881 national bank reserve 1860,
October, 1881, state bank reserve. 53o75o,ooo
Amount in the channels of trade. 4ssz8S,
Total. s1,4S2,518, 278
United States agriculture statistical reports 1885,
page 477-Wheat, average price per bushel 1881,
81 2-Io. The supply of wheat home demands for
food, after deducting from the total crop of 1881
for seed and export, .equalled $3.50 bushels per
capita of the population.
REPORT FOR 1893.
Total stock of money in the United
States October, 1892 (see United
States ueasurers report, page 81. $2.4o4 z74,797
DISTRIBUTION.
Page 95-October, 1893, in the United
Page 351-Nationai bank deposits, all N-'''+'O1O
kinds, October, 1898, 81, I6z, 100000,
an average 20 per cent reserve..-. 432,456,ooo
Page 344-State and territorial banks
and banking institutions, deposits,
s4.332,I2z,eeo; IS per cent average
reserve. I,Os3,o3o.5oo
october 81, 1898, total money out of
October, 81, 1893, total money in 4~'7-1'0--'91e
channels OF commerce. .........-. 186,453,4I8
Total sz,4o4,a74,796
COMPARISON.
Money il, channels of commerce, oc-
Mo 1psl in 1q Channels Of commerce o
looer' 1893 e.....----- 16o,453,4Io
Decrease of money in the channels of
commerce in u years, $295 49,, 796, equal
ing a decrease in the channels of trade of
30 s5-1OO per cent.
Wheat for food consumption, in 1898 was
1890 bushels per capita.
Value per bushei UNITED States depart
ment of agricuIture} So 10 cents per busheI.
Decrease in quantity of wheat for food
per capita. 1898 compared with 1881, equals
10 TO per cent. Decrease in price, 1898
compared with 1881, "a 50 100 per cent. De-
crease in money channels of commerce,
1898 compared with 1891, SO So 100 per cent.
By the law of supply and demand it will
be seen that wheatin 1898 should have been
worth 10 40 per cent more than in 1881, or
S1.S2 5-1G per bushel instead of IS $40 cents
as per United States reports, a loss to the
farmer en- each bushel of IS 40 cents.
We will copy from the United States CEN
sus reports, 1860, real estate mortgages in
Kansas, the great wheat growing state, TO
show that mortgages kept pace with de-
creasing money volume and falling prices
OF farm products, and will also quote from
the United States Teasurerss report 1898.
giving the retirement of currency by the
national banks from 1881 to 1882
REAL ESTATE MORTGAGES RECORDED N Kansas