The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-06-06

noticed, but it's comparative scarcity under
existing monetary laws Is cause for the
gravest concern and liveliest apprehension,
for scarcity must be attended by rise In
It's value as compared with other produc-
tons. On page 3S5 Of the above report, we
md the following burning sentence: THE
words rise in the value of gold make a
snort and simple phrase, but the event
| they portray is a national calamity-it
1t means an infinite variety, an overwhelm-
ing mass of human SORROW
Combined with this decrease in quantity
and rise in value of gold let us compare
the commercial activity and consequent de-
| mand for money in the United States. The
exports and imports for 1892 were 81, $751;
100000 against s7O3, 600 900 in 1869. nearly to
l. The volume Of currency has been loaned
and deposited and re-loaned by the banks
| till the astonishing figures are reached as
shown below:
1S65-Deposited in national banks. $685.
100000
1S69-Deposted in national banks $685.
100000
1S7S-Deposited in national banks $780,
100000; in other banks, 1888, 00O GOO-$1 $685. :
OOo,O0o
1Ss2-Deposited in national banks, $1,eOS.-
100000; in other banks 1851, OOO OOO-$4 2e9. :
600, 600.
1t VIII thus be seen that the demand calls
on the banks alone amount to 21b times the
entire circulation quoted by the treasury
OF gold supposed to be in this country BY
the nursing of this fetch of gold and the
constant teaching by religious and metro
poiltan papers, that national honor" COM
pels lts sole use as money of final payment
we ma ourselves again approaching an
other crisis, and some idea may be formed
by view of this inverted pyramid all
resting on the small amount of gold that
may be taken to Europe in less than a
week, leaving us stranded in bankruptcv
again as in 1857 and 1873:
Mortgage debts not less than
S12,OOO,OOO,OOO.
Debts of States, Railroads,
Counties, etc, and debts due banks,
$1O,4OO,OOO, 1000.
Bank Deposits Due on Demand.
$l,269, 100000.
All kinds of Currency
$1,139, 745,17O.
Gold in u. s.
1864, OOO, 900.
FREE GOLD, NONE
Gold certificates. .............S 15S. COZ 900
Silver certificates. ............. 331 GIL 304
Sulleicy certlncates. .............. sc, 430, 900
Hreenoacks OBSERVATION-DISCLOSURES. 346, 6S1, DIG
Treasury notes QS9W. . 1O1 7l2O71
Nallonal pank notes. ............. 172, 6S3, $50
1otal. 81, 139, 745 40
Lest someone may think the picture over
uraWn, let us remark that the census bull
ietlnS snow a rapid increase of debt and an
INCREASE VI tenancy. IN Missouri the in
crease of debt on acres in 1889 was JOG 60 ner
cent over the amount of 1880, and in number
OF mortgages the increase was 1924 per
cent. The amount of debt incurred in 1889
was nearly four times as much as in 1880
FOR the whole state, city and country.
OF taxed acres in Nebraska So per cent
are mortgaged. In Kansas 81 per cent, in
Iowa 46 per cent and Illinois 80 per cent
tenancy is on the increase in Maryland
New Jersey and Massachusetts as well as in
ONO, Iowa, Missouri and Kansas. No state
is free from the blight, and if in some re-
mote locality-such as Maine-the aggre-
gate OF Indebtedness is slightly reduced, the
reduced price of products makes the exist
ing debt more burdensome than the larger
debt was with better prices or products.
Study the diagram above, and grasp if
you can the colossal stupidity of a nation,
party or individual that will pirate about
gold basis, sound money and confidence in
face OF the facts given from official Stats
tics.-C. Vincent in Non. Conformist