New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-21
SELECTIONS FROM THE MAIL.
THE COUNTRYS MONEY SUPPLY.
rYcrRrs FOR JUNE 80. 1895. AND JUNE 30. 1870

THE COUNTRYS MONEY SUPPLY.
FIGURES FOR JUNE 80 1885, AND JUNE 90 1870
To the Editor of The Tribune
81: am very strong gold man. ana reao Win
rr,h interest your leading article yesterday on the
.,C~r,ma OF 1878" have been brought to rely upon
IN. Arures which appear in your columns but am
somewhat troubled by what read yesterday
You state In the last paragraph Of your article tha'
in 1895 the total supply OF money untea STATS ~"'
81 49, 6sA or per capita supply OF ~ a. turning
70 rho statistics prepared by tho Division OF Loans
:5 End ar Se % u ia and
for pss. ss nc stated Sa
Of rod and silver coins and cerincates, Tn ten
State notes ;s and SsSsis Gas. the
ws s,eS a, ooo circulation per capta s22 o.,
1 trus sns SsT s% anna LAY tic
the amount In circulation. but even here you Sio 81
sm hs ,o tases Sun Mn dsaa snSw in Treasury
ii Are YOU riEht s or the per capita '0G IpxwYER
~r,. a.,,r.. quoted In the article in question
we're taken from the official statemsnt OF COIN
..A roner circulation of the United States on
I'm. 20 1895 (the end II the fiscal year, pre-
,.r.a nv the Loan and Currency DIVISION oi
~. Treasury Department. which gives the 1oi-
lowing ANALYSIS OF them:
Coin IN the United States. including pu'''o"
IN Treasury. 81. 28O. 10000: paper money IN 'he
1Yn,ted States. S1,137.579,014; total money
s239S 200 534: coin. bullion and paper money !"
treasury, S794 1853. 566; total money IN clre o
tion. S1,6O4, 131. 96S: population "eo'0oo0'
money In United States per capita, So4 o. cf'u
,ation per capita, 500 96. The discrepancy YOU
note ia one Of date--the difference between june
70 and October /. In making the comparison
between the money supplies OF lo'V anu 1000
we took the end Of the fiscal year In each case
On June 80 1870. the total money supply was
300 SsS 4f1. a per capita Of S1S 70; the money
in actual circulation on that date was @o''
212.794, a per capita Of SIT oo.-Eo)
IN SEARCH OF RAPID TRANSIT.
To the Editor Of The Tribune.
Sir. Your issue to-day states that the Manhattan
Elevated Railway Company proposes lihp,oVeN
means OF travel above One-hundred-
but nothing below that. Chief Engineer Fai' o'i'
suggests a four-track road from tho CITY nan un
dor Elm-st and Fourth-ave. to the Grand |eh''ai
Depot: then a two-track road under for'y-
8, N broadway: then under Broadway ana the
boulevard 70 One-hundr red and -thrty-bf ALSO
two Fourth-ave. tracks from Forty-seconu, ~
the Harlem, with extra mile OF thiro UaoN VII
each route .,
The Manhattan plan is for the extreme northern
mart of the city only. and has nothing ioohnis u
better facilities for getting from Harlem down.
town and back again. The Parsons plan deals o-
rcctly with this latter problem. and wouu re"e.e
the congestion which In the commission nouns Is
intolerable. 1t omits any provision Tor 'he niiie
from the City Hall to the Battery-an important
mile. He thinks S2sJOOoOo would cover the outlay
bu, he does not say how long 1t would take 10
build it, and twenty -four miles an hour IS the Des'
pace he holds out.
Two families control the so-called rapid transit OF
tic CITY The Gould system is comprehensive but
a., sneed Ind accommodations is behind the times
The Vanderbilt system far surpasses IL IN speeo
and comfort but omits to cover the most lmpor-
tant four miles in the city. 1t has also outgro"n
its terminal station. and land near the latter Is 50
costly that TO meet the demands of even the near
future will require heavy outlay. This station Is
always crowded with trains: is inconvenient to get
about In and Ia not easy Of access from most parts
of the city. $500
1r IN 40 r,ace a modern and commodious depot,
the peer or superior Of either the Pennsylvania or
Reading depots In Philadelphia. for instance. were
huilt AT any suitable spot from TO 10 miles out at
Bronx Park or in the large tract of waste land
little south Of Mount Vernon, and Its present
cracks from there to Forty-second-st. devoted 10
~an,d transit onlv with frequent stations along the
way n would do much to relieve the preSent s.ut,
end II the Vanderbts themselves would puiIu ,he
Owe and Elm-st to the City Hail. ana the re,
,raninp mile to the Battery-a four-track rodu
north OF the City Hall and two-track soa.hI"nS
would we not then have real rapid transit at ias'
from one end of the city the other, and through
out its most crowded section! NO 9oi'a. VI ia g.
citys money or credit would DO nsE smrv vet
would he far the most profitable fifteen miles OF the
Vanderbilt road. of any other tar oniia ~ y,
America II not In the world; ana Wh Two wears9
'o' NC " ~ WILLIAM BLA1K1E
New-York July II. 1896.