Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1895-12-09
MORE MONEY!
There is More Money Now Than
Ever Before.

There Is more money NOW IMAM
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
ssmoney of ultimate redemption" since
1873?
There has not even been a reduction
of this part of the currency. In 1878
there was no ''money of ultimate re-
demption" in circulation and serving
as money in the country except a
trifie on the Pacific coast. In 1880,
just after the resumption of specie
payments, the gold coin amounted to
1851, 941, 2O6, and at the end of 1894
there was 1888, S34, 500 of gold coin in
the country and 6.305, O66 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 1894?
In 1873 there was STA, AS, Clio in
the country, of which $75l, S8l, 800 or
$500 per capita was outside the
Treasury; in 1894 there was 50, 241,-
$50, $50 in all, of which 81, 637, 226,-
451, or $23.72 per capita, was in.circu-
lation. Including money in the
Treasury the amount of money in the
country, per capita, was $24.O5 in
1880 and $35. 46 in 1894.
What was the per capita amount of
"money of ultimate redemption" in
July. 1880, and December, 1894?
The gold coin, together with the
gold bullion in the Treasury, mount
ed to $40 per inhabitant in 1880 and
So. 13 in 1894.
Has there been in Europe a large
contraction of the s'money of ulti-
mate redemption
No; the following figures, except
for the Bank of France this year, are
from 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,
$404, 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,-
900, ZOO, and the population has re,
NAMED stationary. The net imports
of gold into England from 1873 to
1892 were $780, $4,000.
What is the per capita circulation in
France?
According to the estimates of our
Mint Bureau, gold $21.54. silver
$12. IS, paper 50. 81, in all $3.50.
What is the per capita circulation
of Germany?
Gold $f2.65. silver S4.35, paper
$1.78, in all S18.7S.
Are prices twice as high in France
as in Germany?
Of course not.
France, at the head of the Latin
Monetary Union, of course uses little
or no gold?
On the contrary, she has a larger
stock of gold than any other country
of Europe or America she has $780,
900, 900 more than England has.
And India-gold not being legal
tender, or used commonly as money
of course the 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 demonetized in
1885 have been 1856, 900, 900. and it is
estimated that there was in the coun-
try 5000, 900, 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 |
from the discovery of America to 1850 |
152, IT'S, $50 fine ounces of gold, and |
from 1851 to the end of 1894 there |
was produced (the figures for 1894 |
being partly estimatedD 261, 500, 1879 |
fine ounces. In the first five years of |
California and Australia production |
the worlds production was 80, 051, 621 J
fine ounces, and in the past five years !
it was "a, 894, 537 ounces. During the |
past ten years there has been an in
crease in the output of every imported |
4 =