Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1895-06-27
MORE MONEY!
There is More Money Now Than
Ever Before.

Ever Before.
The following discussion is from
Mr.. Fred Perry Powers ga Financial
Catechism," published by the Reform
Club. of New York:
Has there been a reduction of the
money of ultimate redemption" since
1873?
There has aot even been O reduction
of this part OF the currency. In 1873
there was no 'smoney of ultimate re-
demption" in circulation and serving
as money in The country except a
trihe on the Pacific coast. In 1880,
just after the resumption of specie
payments, the gold coin amounted to
1851, S4l, 206, and at the end of 1894
there was $3.50, S3l, 500 of gold coin in
the country and $40, sos, 066 of gold
bullion in the Treasury.
What was the total amount of money
in the country and the amount per
capita in 1878 and at the end of 1892
In 1879 there was STA, 445, 6l0 in
the country, of which S751, 8S1, 500 or
S18. 04 per capita was outside the
Treasury; in 1894 there was 50, 241,-
$50, $50 in all, OF which 81, 637, $780,
45l, or S23. 70 per capita, was in..circu
lation. Including money in the
Treasury the amount of money in the
country, per capita, was S24.0 5 in
1880 and 1854 in 1894.
What was the per capita amount Of
''money of ultimate redemption" in
July. 1880, and December, 1892
The gold coin, together with the
gold bullion in the Treasury, amount
ed to S7.01 per inhabitant in 1880 and
50. 13 in 1894.
Has there been in Europe q large
contraction Of the 'money of ulti-
mate redemption?"
No; the following figures, except
for the Bank of France this year, are
from a paper submitted by Professor
W. Lexis to the German silver COM
mission of 1894; Germany has twice
as much gold and silver money as she
had twenty years ago, and her present
stock of gold, $685., 900. 900, is greater
than her stock of both gold and silver,
S404, 600, 900, in 1873. The popula-
ton has increased one-fourth while
the specie has doubled. Since 1873
France has increased her specie $751;
600, 900; the gold in the Bank of
France has increased since 1874 $215,-
600. 600, and the population has re-
NAMED stationary. The net imports
of gold into England from 1873 to
1892 were $3.50, $50, 900.
What is the per capita circulation in
France?
According TO The estimates os our
Mint Bureau, gold S21.54, silver
S12. 85, paper S2.3l, in all $780, 70.
What is the per capita circulation
of Germany
Gold si2.65, silver S4.35, paper
SITS, in all SIS. rs.
Are prices twice as high in France
IS in Germany
OF course not.
France, at the head of the Latin
Monetary Union, Of purse uses little
or no goldP
On the contrary, she has o larger
stock of gold than any other country
of Europe or America she has $780,
600, 900 more than England has.
And India-gold not being a legal
tender, or used commonly as money
of course the people there care nothing
for goldp
Far from that; q commission in
1866 reported that the desire for the
coinage of gold was universal In India.
The net imports of gold into India
since the metal was demonetized in
1885 have been S756, 900, 900. and it is
estimated that there was in the coun-
try 5000, 600, 900 of gold when it
ceased, under British jurisdiction, to
be COINED.
But If all the Nations want gold will
there be enough to go around?
We can have the best, and it would
be an extraordinary spectacle OF self
abnegation for the United States to
take silver in order that there might
be gold enough for other Nations.
Is not the gold giving out?
There was produced in the world
4. om the discovery of America to 1850
1872, ITO, $50 fine ounce of gold, and
from 1851 to the end of 1894 there
was produced (the figures for 1894
being partly estimated) 261, $50 1879
fine ounces. In the first five years of
California and Australia production
the worlds production was 80, 05l, 621
fine ounces, and in the past FIVE years
it was "a, 1914, 537 ounces. During the
past ten years there has been an in
crease in the output OF every imported