The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-08
THE woh1D.s MONEY.
The Quantity in Use i'm Various Coun-
tries. md Mhat II Consists OF.

tries, and What Ii Consists or.
The following facts, drawn from recent
statistics relative to the currencies of vari-
Gus countries, will be found convenient in
discussing the money question:
Great Britain-Gold the monetary unit
ana standard Of value; fuli iysal tender.
Silver, legal tender TO the amount f2, or SO.
S si,yer e eoined only Ey on government account:
Sod, 10 5o,Ooo,ooO silver. sli2.Ooo,Ooo; paper.
age of her own. Coins subsidiary silver.
Dominion notes and bank notes. Estimated
s Gimited te mRass IS. see SS Coz: notes SiUgs,VS 81. 1851 s1l scos
MISUNDERSTANDING system the same as
British India-The standard of the coun-
try is silver. The monetary unit the silver
rupee. Coinage free until June. 1898, when
coinage is i TO 10. Gold is not a legal ten
der. Currency notes. Estimated stock OF
Geo; paper. $50. 100000
German Empire-Gold the standard. Sill
Yer coined only on government account.
Imperial treasury notes and bank notes.
Estimated stock of money: Gold. ss25, ooo,o 900;
silver, limited tender, si12,ooo,ooo; paper.
Austria-Hungary-Had the silver stand
ard until recently, now 1t is gold. Coinage 4
of silver Oh private account was suspended
in 1873. 1t is yet coined on state account.
State treasury notes and bank
notes. Estimated stock OF money: Gold.
s $iso' 0 gee 900 ooo: silver tma ain ! fuil legal tender.
The Latin U~nion-France, Belgium, Italy,
switzerland and Greece-Bimetallic. though
of gold being unlimited and silver coinage
suspended. Estimated stock Of money IN
s4s5. o5o. 90; silver, Limited tender.
20; bank notes, $665.000,0 600. Belgium:
ac sSs' 900 si IC9e; s iimifsa fu tand legal g t sao o5::
s s.Iipsr' $3.50 9: 5000 800; psp pta.s $500, S Sei 600, s sSlsaeP:
land: Go q $$ll5,ooO,oeo; silver, $l5,OOo.oeoo pa
spain-Monetary system the same as the
coinage limited to state account. Stock OF
money: Gold, $40, 0Oo.o 900; silver, fun legal
s ss s,SSo.ooo sif bsnS notes. sii sias. oo Quoted tender
Rgssla-Monetary unit, the silver ruble:
money: Gold, $4,000 600; silver, full tender.
81. oo0. 600; silver, limited, $4,000, 600; paper.
Portugal-Geld sbasis. Stock Of money:
gold, 5000 600: Silver Qimited tender). VS.
100000; paper, $50, 600, GOO.
Turkey-A mixed money system. Stock
Of money: Gold, $50,00o000; silver, $4,000
w; paper, So,oOoOoo.
unknown.
China-Silver standard. In large transac-
tons silver by weight is the medium of ex-
change. Banks are numerous, but their CIR
~culation only local. The country may be
said to be without any regular financial sys-
Mexico-siIver standard. Gold and silver
coined at a fixed charge. The coinage ra-
ito is l to 1615.
Central American s~tates-Siiver standard.
Silver and paper the money mainly in cir
culation.
Chili-Double standard. but really on a
silver basis. The principal medium of cir
~culation i5 deprecated paper.
Argentine Republic-Gold a full legal ten
der, and silver to a limited amount. The
actual circulation is deprecated paper.
Boltvia-Silver standard, and paper money
on a par with silver.
Brazil-Gold standard. with silver a legal
tender to q limited amount. The present
circulation is inconvertibie government
notes and bank notes.
Colombia-Silver standard. The circuia-
ton, legal-tender bills issued through a ma
tional bank.
U-ruguay-Silver standard. Circulation.
Notes issued by two banks.
United States of America-Goid and silver
legal tender. Gold coinage free. Silver
coin and silver dollars 10 the scigniorage
on hand. The general stock coined or is
sized was on the LIST of January, 1885:
Standard silver dollars ............ 422. 426. 740
Subsidiary silver .......-,....... n. 65.7y2
Gold certificates ........-...... 70, f20, 800
Silver ceftipcdteS ..-.............. 3db, Wa ouf
Treasury notes ...............-.,, loV.szS,f3i
United States notes ................ 346.6Sl,01
Currency certificates ............ 1896, 600
National bank notes ................ 26.cJ,7io
Total 81, 90, 3Ss. 6g7
OF this amount there were in circulation
Jan. /, 1896, 81, 626, SIS. 622. TIL balance was
amount of $47, 727, 1874, and silver bullion TO
the am0llnf nf Strl MA In.