Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-05-24

L and year notes of
1SO1 .............. 42..jS, 10 VI
Compound int. notes 1913. 1876. $50 90
Fractional currency. 2J.00J. S2S &c
National bank notes :. Jag. 131 $50 90
Greenbacks . 49, .066, 4oS 90
Total. .......... 81, $50. 1871 .147 as
Or nearly so per capita for the popu-
latiOn using it. This does not include
the $3.50. S92. 800 of 80 notes issued
under the acts of July II. 1861. June
so, 1854, and March 3. 1861. which were
legal tender. and of which S1S2. 00O.000
were Of denominations below 500
the lowest being so.
After 1863 two changes in the vol
umc OF money rapidly took place. The
| money then i'll existence was spread
| over the Southern States. being soon
divided among 33.0O0.G00 of people in
stead of 24,000,000; the volume was
rapidly contracted, till in 1869 it was
reduced To less than S1O0. 100000 for
4O,OO0.00O of people. and was no larger
in 1879, when resumption took place.
for 5O.O00.O00 of people. being reduced
at this time to $l4 per capita. The
Treasury statement issued in 1891. Civ
ing the per capita volume of money at
the close of the war and since. does not
take into account the absorption of
currency by tho Southern States after
the war. nor does it include all the
legal tender paper Put in circulation
and is ut variance with former Treas
ury reports.
OF course prices fell in proportion.
We were told. however that the cause
of the fall of prices was over-produc-
ton. People did not understand as
well then as they do now that the real
cause was the change in the money
volume. Commodities are always
weighed against money. and where
there is little money more commodities
must be given for dollar.
Indiana Stirred Up.
The politicians of both parties who
come in from different parts of the
State say the wave of currency discus
sion is touching every corner of Indi-
ana. Even the school boys are taking
sides on the question. Farmers, 1t is
reported. LAY off, Il day now and then
to meet at the crossroads store and re-
view the latest phases of the general
discussion.
j. .. Henderson. eX-AuditOr of State,
went to his old home OKOkomo) the
other day. and spent Il few hours talk
ing with the farmers of Howard Coun-
ty who were in the city. Il WAS sur
prised to find that everybody is talk
ing about the currency question" said
he. You do not hear much else diS-
cussed in the smaller cities and towns.
The tariff question never stirred up
half so much discussion. The people
are talking in an independent way, too
You hear fellows say that unless the
Republican party or the Democratic
party does this thing or that thing they
will never vote with it again; and they
talk as if they meant H. The free sill
vcr craze seems to be taking hold OH
the people. indianapolis News.
Free Coinage Not q Purchase.
Under free coinage the government
does not purchase the silver or the gold.
1t simply receives the bullion at the
mint sees that it is brought to the prop
or standard of fineness for coins. and
if the bullion requires To lie refined the
government makes charge equal to
the cost of bringing the metal to stand
ard tlnenesS. that is. nnc-tenths fine.
Then the government puts its stamp on
each piece and turns the coin over TO
the depositOr. and that is all there is to
it. Or the government may, if it has
the coins on hand, at once deliver TO
the depositor coin for the bullion; but
the government in no proper sense.
under free coinage. buys the bullion,
nor does it become the owner of it, 1t
belongs, and the coins made from it
belong. to the depositor. Separate pro-
vision, however, has been made on ac-
count of the greater convenience CT Il
paper circulation, for the issue of notes,
dollar for dollar, for the coin or bullion.
which, in that case. the government
holds i'm trust for whoever holds the
notes or certificates.
Easy to Counterfeit.
The Detroit Tribune reyiyes the idea