The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-11-26
MONEY CIRCULATION.

1t is fact that our present financial
condition has not been relieved as il
would have been if we had more
money in circulation. The pane of
1898 was produced mainly by the scar
city of money in circulation and the
high tariff. The tariff has been slight
ly reduced and more money is now be-
ing circulated and as a result we have
obtained partial relief, but onr relief
will not be complete until the money
in the banks and private boards is re-
leased and set to work.
This cannot be done so long as there
is prospect of rise In the price of
gold, or any decrease in the price Of
silver bullion, which is the same thing
20 efect-for solong as we have silver
and gold as floating together with the
price of the bullion in each greatly
disproportionate, the two metals VIII
be fighting each other for supremacy
in the money market, spectators
will be reaping harvest and business
will suffer.
at present the tendency is to keep
both metals out Of circulation; the
prejudice in the es3t tends to keep,
and does almost entirely keep silver
out of circulation east and north of
the Mississippi. river, and the financial
policy of the United States treasury
causes the boarding of gold, SO that
the silver which ought to be flowing
in the channels of trade is lying idle in
the treasury, and gold is il the vaults
Of banks, waiting for rise in price of
gold. Property is not rising to its
nsrGhal price hence, it requires great
deal of property to be considered Sc
curity for small loan Of money, and
for this reason also, bankers, although
anxious to loan money, require such
vast security that but very few can
borrow any money. This paralyzes
money industries and we cannot ex-
pect much relief under our present
policy.
Ii people could see the truth that the
coinage of all the silver and gold we
can get hold of would make money
plentiful, cause it to circulate freely,
raises prices of all kinds of property,
enable de btors to pay their debts. and
give an impetus to commerce, 1t would
not be long before times would be
more prosperous than we have ever
seen.
This is the only remedy, and itmust
sooner or later be administered. We
have suffered the evils flowing from a
scarcity of the circulating medium too
long already. The population of the
United States is constantly increasing
whilst our currency circulation is con-
stantlY decreasing. People generally
do not see this but the results will
cause them TO open their eyes.
The defeat of the democracy in the
United States in the last two years is
attributable to this cause. The people
saw something was wrong, and un.
justly blamed the democratic party
with the result. The present republi-
can congress will not help matters
much unless they change their policy
entirely, but we expect to see great
landslide against republicanism next
election for many voters are influenced
in their voting by their ideas of fin.
ance.
The money questions has not yet
become party issue, but unless we
get free coinage it will be, and the
party that makes that its rallying cry
will be the successful one, just as soon
as the subject of money circulation is
generally understood.