The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1895-06-27
MORE MONEY
There Is More Money Now Than
Ever Before.

| FNtF
The following discussion is from
MIR. Fred Perry Powers "a Financial
Catechism, published by the Reform
Club, OF New York:
Has there been n reduction of the
money of ultimate redemption" since
1873?
| There has not even been n reduction
OF this part of the currency. In 1873
there was no "money of ultimate re-
demption" in circulation and serving
as money in tho country except a
trifio on the Pacific coast. In 1850,
Just after the resumption OF specie
payments, the gold coin amounted to
S3ol, ,Si1 ,2O6. and at the end of 1894
there was $3.50, s3i. .599 of gold coin in
the country and $40. ,0Gj of gold
bullion in the Treasury.
What was the total amount of money
In the country and the amount per
capita in 1873 and at the end Of lSai?
In 1873 there was S77i, ,ii5,Gl0 in
the country, of which S75l, SSl 500 or
SlS.Oi per capita was outside the
Treasury; in 1894 there was S2.2Il..
9SO,552 in all, of which 81, ,G37, 22G.
i5l, or S23.72 per capita. was in.circu
lation. Including money in the
Treasury the amount of money in the
country, per capita. was S2LOj in
1850 aud S35. Sc in 1894
What was the per capita amount If
money of ultimate redemption" in
July. 1850, and December, 1891?
The gold coin, together with the
gold bullion in the Treasury, amount.
ed to SOL per inhabitant in 1850 nud
50. II in 1891.
Has there been in Europe u large
contraction Of the money of ulti- |
mate relemptiou?"
No; the following figures, cxccpt
FOR the Bank Of France this wear, are
from paper submitted by Professor
W. Lexis to the German silver com. |
mission of 1891; Germany has twice |
as much gold aud silver money as she |
had twenty years ago, and her present |
stock of gold, S595, 900. 900. is greater
than her stock of both gold and silver.
S4Oi, 900, 900. in 1873. The popula. !
tion has increased one-fourth while |
the specie has doubled. Since 1873 |
France has increased her specie 1857, |
600, 900; the gold in the Bank of |
France has increased since 1874 S2lj, |
100000, and the population has re-
mained stationary. The net imports |
OF gold into England from 1873 to
1892 were $50, $50, 900.
What is the per capita circulation in
France?
According to the estimates of our
Mint Bureau, gold S2l.5i. silver |
ST. paper S2.3l. in all $50. 20.
What Is the per capita circulation
of Germany?
Gold sl2.G5, silver sl35, paper
sl.7s, in all SlS.7s.
Are prices twice as high in France
as in Germany?
OF course not.
France, at tho head of the Latin
Monetary Union, OF course uses little
or no gold?
On the contrary, she has n large.
stock of gold than any other country
of Europe or America she has S27j,-
900, 900 more than England has
And India-gold not being legal
tender, or used commonly as money
of course tho people there care nothing
for gold?
Far from that; 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 demonctized in
1885 have been S756, 600, 600, and it is ,
that there was in the coun.
try 5000, 900, 900 OF gold when 1t
ceased, under British jurisdiction, to
DO coined.
But If all the Nations want gold will
there be enough to go around?
We can have the best, and il would I
DO an extraordinary spectacle of self
for the United States TO |
lake silver in order that there might |
DO gold enough for other Nations. {
Is not the gold giving out?
There was produced in the world
from the discovery of America to 1880 |
l52, 770, ,O5O fine ounces of gold, and !
rom 1851 to the end of 1894 there !
was produced the figures for 1894 '
being partly estimatedD 2Gl ,GG9, ,379
line ounces. In the first five years of !
California and Australia production -,
the worlds production was 81, ,05I ,62l
Inc ounces, and in the past five years ,
/ was "a, ,S9l, ,537 ounces. During the ,
past ten years there has been IN in :
,rease in the output of every imported ,
gold yielding country.