Mohave County miner. [volume] (Mineral Park, A.T. [Ariz.]) 1882-1918, 1896-02-22
Causes and Remedies of Hard Times.

scarcity OF money may occnr from
various causes, among which suffice II
TO mention, Don-proteciion Of home In.
dns,ries, AS shown in the preceding dis.
cnssion; Increase OF business dispropor-
tomato 10 the increase Of rnoney; greater
consumption than production Of the
money material Or materials; legislation
eliminating IRON silver its legal tender
value and the gold ''corn.ring' schemes
p-ips,rarrd ny money gamblers.
From experiencing the effects OF it's
scarcity No more fully appreciate the
importance Of money. In Utopia per.
chan.e little or no money would ~ re-
qniied bnt in ~ itfer of fact world
governed by the decree ',be 6test sur
vive," experience proves that money is
the aas qua non TO success. and that The
attendants Of the scarcity Of money are
failure and distress. Without Il civillza-
tion would resolve itself into barbarian.
For the attainment OF success. IN de-
velopinR thu various industries 80 as to
meet the requirements Of increasing pop
ulation aud advancing ciyilz ,tion.
money, redemption money, must be In
qnantiiy suffi :ien'ly wide distribution
among the people, to preclude being
cornered by sny money operators. The
qnr-i,on here arises, Have our people
has the world---ntfi :ient gold redemption
money, now on hand or prospectively
obtainapie, TO fulfill these requirements
80 as TO disperse the present gloom and
to establish prosperity npon irm basis
The debt Of the country emhr, cing
National, State, municipal, corporate,
and private, amounts TO 1000 O0) O0Js,
aud upward, Of which fully 5,00J, 900, zoos
Is held by foreign money lo,ners, and is
bearing probably 25J.U00. 0J0$ animal IN.
terest. The balance, 81, 00J, 900 ,0oOs, evi
IDENTIFY hears y yearly interest not less
than 2. 100. 0J0.000s, 40 that. the annual
interest on the 4).00J,O0O, 00os is fully
2 $50, coo zoos, principal and interest
payable in gold.
According to Atkinson's Statistics for
1890, the foreign commerce ~ the com.
Try amounted to 6)0.0J0, 0a0s. and the
domestic commerce TO 10000, 0oJ ,OOJs
This latter amount does not include the
vast sun OF money paid the retailer, nor
that changing hands in small trades, nor
that paid labor in the agricultural, man.
ufactnring, and building pursuits.
The balance OF orr foreign trade for
az iinst rs and our national dsN 80 f,r
this year h As oeen incrs ,seI IL, 90 0oJ)s
to meet the curren' expenses OF govern
ment. The bond issnes we're, in 1894.
February, 50,00J,OD0s; N,venb-r. 81,
O00, O0os; an ! N 1875. Febru.ry so. 900,
0UOs, total, l62,O0o.O 0Os.
Assuming the export trtds eq1,l TO
the import trade Of the com nsrci. ma
tons OF the world, exclusive Of the U lit
ed States, their sun will ba l2,010,00o,
00Os The population OF Europe IL five
times that OF the Uaitsi Safes. A,sun
ing its domestic com nsrcs PER capita
equal to three fiiths tina. of onrs, il would
amount to $50 ,OO0, O0J, 0O0S
Exclusive Of Europe and the United
States, the population OF the world u
approximately l,n0o, 100000, whose year.
ly domestic commerce would probably
exceed 100000, oOJ, OO0s The aggregate
OF these requirements exceeds 3l5 900,
OOO, OO0s
The estim tied value Of the pr,psry Of
the whole world is 45O, 900 90, 00Js The
transactions, not hitherto consl Tered,
that shall take place in the management
OF this property will rpqrire vast
amount, say $4,000, 900 .OOO$ The esti.
mated debt Of the world is 200 DOR, O00..
COOS. The rum then Of the worlds bus
mess transactions requiring largely pri
mary money for their felicitons adjust
ment, is 565, 0O1, 900 900, and upward.
Muihall shows that between 1900 and
1890, the intern itionsl commerce OF the
United States increased nearly ten fold,
and that OF the world eleven fold.
Our population in the specified period
increases twelve f,ld and our domestic
commerce has increased in a still greater
ratio.
During the same time, ninety years,
The population Of Europe donbled, and
her domestic commerce keeping pace
with advancing civilization doubtless In