The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-01
CARLIs1E's REPORT.

A little over two weeks ago the sem
ate passed a resolution directing Mr..
Carlisle to inform the senate of the
amount of coin and currency, and
forms of notes and money of the United
States in existence on January l, 1896,
and the amount held as reserves by
national and state banks. private banks
and bankers, loan and trust comDan-
les. and other financial institutions and
concerns, and the total amount then in
the treasury, and the estimated popula-
ton of the United States at that time"
Secretary Carlisle In response to this
resolution made very exhaustive re-
port to the senate on the 25th of Feb
ruary. According to that report the
! aggregate amount Of coin and curren-
cy, notes and money Of the United
States of all forms in existence on
January /, 1896, vas $2,197, o0O,2 S6. The
amount in the treasury of all forms
of money was s617.7s SO; the amount
outside the treasury, $1,579, 2o6,724. At
the same time, January 1, 1896, the
estimated population of the United
States was 7O,65O,O This shows,
counting all forms Of money and cur
rency as money. s92.S5 per capita out
side the treasury. The secretary gives
valuable tables showing the amount
of money in circulation, the popula-
| ton of the country and the amount Of
money in circulation per capita since
the year 1900. This the secretary did
doubtless to prove If he could that our
financial difficulties did not arise from
insufficient money per capita, as s22.95
is much more per capita than the
country has had in times Of great
/ prosperity in the past. But even al
! lowing that all the forms of money
and currency counted by the secretary
! as money to be such, his tables show
| that IN 1895 we had less money in cir
culation per capita than in any year
since 1882, excepting 1886, when 1t
| fell to S21.S2
"The inhationist,' says the special
correspondent to the Globe-Democrat
in forwarding to his paper a very full
synopsis of Mr. Carlisle's report,-"The
infationists, whether they call them
selves Populists or free silver Demo
clats, will probably charge Secretary
Carlisle with classifying his money fig
ures. That is the only form of an
swer with which they can meet these
figures and maintain the argument of
more money" 'Infationists.'' if by
that the Globe-Democrat means the
| advocates of free coinage of silver as
well as gold, will scarcely think it nee
essary to charge Mr.. Carlisle with fall
styling his figures to meet the supposed
! argument of his report. There is no
need of resorting TO such charges to
refute the argument of his report; and
however much the advocates of BIZ
metallism may disagree with Mr.. Car
Isle on the question of money or
however anxious they man think the
secretary is to further what he re-
CARDS as the cause of sound money"
they would want very substantial evil
dence before they would believe the
secretary had fallen so low as to fall
sify his money figures in aid of that
cause.
The reply to Mr.. Carlisle's showing
that there is plenty of money in the
country, $22.S5 per capita, is simply
denial of the statement, and proving
that out Of the nine forms of money
and currency enumerated by the sec
Rotary, but one IS really money-gold.
All the rest, and that forms the great
/. er part Of the sl,579, 2O6.724, reported