The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1896-07-30
FOR PRESIDENT, e
William McKinle
COINAGE CATHECHISlL.
Some Pertinent Questions and
Answers on the Money
Problem.
WORLDS GOLD PRODUCTION
Many Millions of 1t Comes Freely
Into Circulation.
REGARDING TREASURY RESERVE.

Germany, France and England All Occupy
the Same Position a. the United States
in This Rcspcct-suspension Of Gold
Payment ON Government Notes Would
Affect Every Person That Possessed n
Dollar.
q. Where are the latest official figures
Of tho world gold productions a. In the
mint director estimate for 1890, published
last week.
q What does this estimate show the
worlds present annual gold production to
beS A. 500, ,OO0,0 900, or sl7,oOO,O 900 moro
than in 1895
g. Compare this total with previous
periods A. The worlds average annual
production of gold, between 1870 and lssO,
was sll5,0Sl,J 800 of silver, sgl ,S57, 500;
total, 500 900, or less by sl3, 900, 900 than
this years estimated production of gold
alone. As lately as 1884, the worlds COM
bincd production OF gold and silver was
less by $1,000 oo thnn W froson6 proLuc-
ton of gold alono
Q. Docs this SoaO,O 900 Of now gold
come freely into circulation A. 1t does
q. How can you prove that factS A. BY
the annual coinage statements of the lead
ing gold producing and gold importing
nations, all Of which show "A steady in
crease. BY the amount of gold in the
worlds great depository banks, which has
increased with equal rapidity. These are
perfectly Trustworthy signs
q. Is IL not true that most Of tho new
supply is 'cornered" by the RothschildsY
A. There is not the slightest reason for
supposing such "a thing
q. But II the worlds gold SUNNY has
been increasing so rapidly, and Is not
"corncrcd, why has IL grown harder every
year for our government 10 maintain its
own gold reserve? \. Because Of the free
silver coinage movement in this country.
e. How can that movement affect our
gold roscrvcY 4. First, by forcing SO much
new silver and paper money into circula-
ton that nobody pays gold any longer 10
the government. Second, by the threat
that the free coinage party will redeem the
government notes and bonds in silver only,
which causes holders Of the notes 10 present
them now for gold.
y. Why should such holders present
their government notes for redemption
nowS A. For the same reason that made
people, in the old state bank days, rush In
for redemption the notes of bank which
was likely to stop payment.
y, Are there not other nations than our
own whose currency requires largo gold
FeservcS A. There are.
u, What nations, for instanceS A. Ger
man, France, England.
O. DO not these countries have the same
trouble with their gold reserve as our
treasury does A. Not In the least The
gold reserve in each Of these three coun-
tries Is larger than necessary, and is con-
stantly increasing.
q, Why is their situation so different
from oursY \. Because there has been no
doubt Of the money standard in Germany,
France or England
Q, But has not the United States always
had especial trouble in getting gold for its
CURRENCY A. 1t has not
@ When did IL get gold easilyf A. Be
tween 1884, when the gold standard was
adopted, and 1861, when paper money was
substituted and the gold standard aban-
doned.
Q. Did gold flow in readily at any other
pcriodY A. II did.
.. whenf A. After tho resumption Of
specie payments by the United States in
1870, which was accepted by the world as
our re-adoption OF tho gold standard.
@. What followed that resumption Of
specie payments' A. Within two years,
STA ,OOO, 900 gold was sent to us from Europe
O. But surely this gold did not 60 into
the treasury A. More of 1t than the
treasury needed went In.
O. How do you know thatf A. As
early as Sept. 10, 1870, tho secretary Of the
treasury announced that gold ooin, be-
yond the needs Of tho government, had
accumulated In the treasury" snd gu
thorized the uss Of gold In regular trsss-