The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-05-24

.N.I. .lN..a.l Ia hat
s"iuo Vi 'no i'e'"' e'n.aua .,,,. y" 49,, ~
~, 'nv p',po'o W ,a I,, Il; ~
""'"U' ~ ' ir'.H,',
"Nu!"'"e '"' ",'"' 49,
'",'"H 'o'" Wv -, ~ n ",nH
'"'" 80 ~ ttN % a.. -, -,
W. '""' ''1 '''"SV W 80, 80
nut "pN "u" s,f,, ".ls .''.'H -
N"'u' W '"o 49, w., ~, % -"
t,.,,is,' ~ t,,,o",, ,ho ,,o'a a 81"
','' 80 ,,, ao,,,
v, i,. ~ ,h'i,. h,'n,nn ,,ar,a ~,
.'rsIn 80 ,, ",,,,', ,,,otn,t ,,'a 49,.
w., ,,,, h,tt,o,, i,,,ts T., stJu 80,
H., ,,',,,,,'. ,,a,,r,',ts inst a., n ,,os ,,,o,,
,',''I,r go ,'s' tvta,o,,o, 90, ,a,s,,
ta,io,, ,',,,, ,ha r,tj,s In connactio, ,t,,,
,saI ~. t',,,, r,,,, h"l , W. ~
',,, oc ,r' ,,,,, ,,,ntniy, n, ,ho ,a,,n,on, ~,
a,,,,,,a,1,,,t Iorts - no., no,.nrhoa NJ
,I,,bt,st n,rn"t n,',n tho nc,,,,I a.. raIo ,t,,e
,.alnns AZ tha two r,ctois n, ,ot,annI w,
',,tsrn,t tio,,i trad, f,n,. ,,,,,, nant,,r,o,
o,.,,, ,,,,. tt ,.,,,,r,.,c, ~ t,,S ,,,,,,,1 ,a,
,,r(y,n tn nnorr,nrs nrornrtions n,o nrn
n,.f,t,, az ,,,LIn, my, ,,,yo,, c,,,nti,,, -,
hrIltc, nr o,,v rartic,,l,y. coin - Inna, ,o,,
do,, ,,.,,, mo-, n,.ar ,,,,,.ostaa ora ,,,, ,o 49,,
nrcsnrt tire there 10 nn l,coI tando, ~,
irt,,n,t,nnnl trade yvbo,hnr ,,,n,a,,s
aro rnasc In coI5 ~, s,,,,or coIns - ,nt',
o,. sii,,c,. huitln, oct,,,I t,tr,,sto IT.
dc,errines the 'omoun, mr. ,uant,t,, 10 t,o
IoIryerad M rattn, ,,hot n,n,, 10 tho
Ieo,l-terder l,va AZ ,bo a,,,orar, oo,,,,.
,rj,. ard No nottor tbov,,h ,ho,, no, -,
thn sar,c or elr,oront roiio. os ,nlna r.
tween tho r,otols Within tho,, ras,,ao,t,,,
limits rha law of E,.oncn fo,. ,nstnnna
nIeces - higher voluc mo, s,,,er rsIo,
lively to gold than Is placed upon 1t by
lnV '"WS Vi tne uhl'eu states the breneh
,'''o pe.ns lo's W l. anu ours pei'is 10 10
i, ou' II ~ Po""us Vi our SilNer' coiaeo or
"ieo'neu' were sent 10 that country 10 De
uSeu III 'he payment OF uept or IN the
purcnaSe Oh commodities, II would not De
"VVeP'cu az the rdI'o OF lot2 10 L. OF AT the
ra.o Oh 10 'o us compared TO goid' hut
onlS "' tuo r"'o o' ABOUT ~ 10 l. Whlch
Sl'"S ,, ul't' i'e''"e' ou' ratio nor the
- - .i'"N" '"''o mas Az! eiect "hateNer upon
Wv r"t"c vi purchasing power OF the
iueS"i I'seIi, coinage is iree III Mexico
ouu 'le uoL'ar' . Wnlch Is run legal tender
NO''''u9 ''''4 < Iaihs Vi pure sINer, Whlle
our uo,'ar contains only Sd'2o grains OF
pu'e si.1eI' yet MeNtcali SILVER aoilars are
ssnt lnto 'ne ohlteu states ana other parts
v,,i y. ,He "ol.' anu solu at the price Oh lhe
oul''u.' ,s SIn'1iheu III theih Which Is ABOUT
'iieu noi''iir.,i 10, VI iesai Naiue IN
e',e" sa. oM II GouH'lS' me iesal-'enuer laws
49, -. 'Hs uep' pay l"s Po"eIs ol the com
-, O"ANS Ni.ete 'he laws pIc-
- ''tv iatio uo not
49, -, - nv . liie '''' ~ eo.i'"ileu III
-, -. ',Het az "o,ile vi aoio oau' ue-
- - ''te meal 'h"' "AeS me 'diue
,,'0 ~ '.Iu .iT' 'ne ooin 'iiet h"es t"e
'"iOe VI ''ie Ai'e'a''
An Age OF Credits.
For n long time. during the carly his
tory of the world and evon dur.inp tha
medieval age. gold and silver in bullion
or in the form of coins. constituted almost
the entire circulation among the people
even in the nations most advanced in
trade and civilization. and. conseouentlv
the quantity of these metals that could he
produced and kept in use was a question
Of far ereater Importance then than II is
now or ever can be in the future. When
life and propertv had been made reason
ably secure by the establishment of stable
governments. and regular processes were
authorized for the enforcement of pecun-
iary obligations. credit or confidence
largely took the places of bullion and coin
in the commercial transactions of the
people. and a much smaller amount of
metallic money was required in pronortion
To the whole volume of business done than
had been required before. The use of
credit in the form of hank notes checks
bills. and other evidences of debt has 50
increased in modern tinoes that in all
highly organized commercial communities
the use of coin. eScept in making chanpe
has been almost entirely dispensed with
The percentage of coin actively emnloved
in conducting business i'm this country Is
so small that 1t Is almost inappreciablc.
so small. in fact. that its dIsuse in orr
transactions would not be felt If we had a
substitute for. or a paper representative
of. the subsidiary pieces. In England
France. and some other countries n
larger amount of coin is used. because
thew have no very small notes.
Although we have the gold standard mr.
measure of value. in this country orr
actual stock of gold bullion md ooip
amounts to only about one-tbird of orr
actual currency--a condition of affairs
which yyould have been inconceivobIo a
few centuries ago We have about seo5
coo 0OO in gold s307 G52 S72 in fuII IogoI-ton
der silver. s3if ss1 OoO in old limited states
notes. s1i9 5St Al in treast,uv notes ise,od
In Ne N,rchase of silver bullion s2oo 7to s5o
in national hank notee and s7e teo Eeo h,
in subsidiary silver coin molsine In oil
81 sOi 7g7 7G3. excIisive of the miner COVE
ana every doliar OF this vast volume of
,tandarI oa.a+Iint .'' , ~ s"'uo " tno
- nai,'a 80 W, ~ .'''' eve'S
n1iia,' T., .,otar,so o.. ,,, uoI'S'. VI paper
eotissont,o, 90 49,, '1 ,.',', vi III
Iat,an ,1a - y'"' 40 soou d
,rhio 10 tbo r,ornta'r,, "o I'VE W. so',.
,hn enona,oi on,,5,,;ya o'ati anu 'nls lS
oato,, 80 t.a, o,t,,a,,a |.n t"o nuVo-
49,, ,,ra,,,'so ,a a. ,"e i"tlo VI 10 10
10" et,e ~ ~ iotoIut'oi,'~c at oiice ny
aho, ,u - "o s.a''ua'o vi Vaiue' 20
c" -, ,i'u "'o,1 i''''oa Vi ciicu,atloh leit
~, o' ~, .ro zoe w ~. puvp'e wou'u ne reduced
~ ,'a, 49,, t .ne pui .'''S'ns power
,,o,,,d roo,,,, o'' ,, - V'e. m1l's, 80 'nat II
20 ..... -. uouo's the amount
So ,t .,,' 20 ,equ,cu now 10 per-
~ lc' ~ tne ,t.'ia 9tino Sp,Vioe III the eNchange
~ ,',at oV',''ou,',.a pue NV cohsuhiinatloh
W. "'i Po'iNS "o",u piouuce feSuitS