The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-22
CURRENCY QUERIES AND ANSWERS.

To the Editor OF the Eagle.
What is the best treatise on the money
subject? Answer-The most complete
book on the subject of money is the re-
port of the Herschell commission on the
coinage of silver in India. 900 copies Of
which were ordered printed in 1893 by con-
gress This book gives in detail the var
sous systems of money in vogue on the
globe and shows oonclusively the neces-
s.ty for bimetalllsm, and THAI the globe Is
bimetallic.
What is the present volume and per
capita of United States circulation? An
swer-sl, 5Os, rs, 90 Per capita $2i.l5.
What has been the shrinkage in volume
Of United States currency during the past
year. Answer-S9i, 90. 76S.
In order to preserve the gold standard
what amount OF gold has the government
purchased. Answer-About S200,Oeo,0o
Could the United States carry paper
money at par? Answer-Yes, IL time OF
peace In time OF war. no.
Could the United States coin and carry
the product of our silver mines at the
ratio of is TO /? AILSwer-Yes, easily. IL
il had no Grover Cleveland to say boo!
Can persons holding silver require the
government or any national bank 10 give
them gold for It? Answer-There : no
law requiring it.
Can persons holding our paper money
require the government TO pay gold! An
swer-Tbe government is under no obi
CATION to pay either gresnbacks. silver
certificates currency certificates. nntioTal
bank notes or Sherman notes in gold The
law requires silver certificates to be paid
In gold
What Is meant By a covered money!
Answer-Money that has a metal base
BY uncovered money? Fsat money or
paper currency snccnvertible into coin.
What great nation has an uncovered or
fat money! Answer-BraziL Though
over-sssued. It circulates at par.
What monetary law should be observed
by this country in preserving the gold
standard? AnswerLThe volume of money
should be preserved and II possible In
creased. otherwise prices OF commodities
will fall TINS can only be accomplished
by going into tbs markets of the world
ana purchasing bodily at least 500. GO. ooc
Of gold
What was John SherToan's theory aoou.
the gold reserve. Answer-His theory was
that il would sustain 800 millions Of paper
currency, because when the people found
they could get gold they would no. want
n. When Ecuador. India. Chill Austria
and ne entire globe began 10 scramble
for gold his theory failei 20 work
What is the Gresham law Answer
T. 49, - t--~.~
hundred years ago 70 the effect that sa
inferior coin wiz drive OUT It's sEperor.
Has the United States ever purchased
SILVER? Answer-Praosfoalg 10. II was
IN n. nature Of a deposit. Of silver WITH
the ISSUANCE OF certificates OF Seposf. call
cd silver certificates md Sherman notes
what r. -elgrtc-zE-- Aaswer-T.e word
comes from seszuic-. mszning k.ng. Seq
uso-zrs IN England v-2s q revenue which
tire king rscesyet from the uIsn;z. Silver
rnsn cozteod that ss1o Z zniIiieos % seiz-
niorazs ballio1 lying IN ths treasury
e1ouia be coined and sse4. Johs sher-
man says II mus y pr-sa-~sd as = trazs
frBi TO save the government. from loss.
Does France sappty gold for .rporta~
tsoar Ans=e--So. THE Brink % France
D-F-e&S-- 49, 10y A-l E-Nrs--@s
tiosa. hat n-oz fo- sxyo-~sstcn Does TIE
Unt-cd States f9rzlsa soi5 for exFroFfz~
,ioa7 Tee. too fr-ely. Usese sam = boy
N financial usattsrs. notwithstanding lis
Big aesd ard Eat pHrze
What vi De - e.sc. % B-vsn's nors-
i-z-ca b. TIE D<nsDrzstic parry An
e~=r-fiis no1zsr=ztion ard sae r,ozsfssEfy
q bis esectsoa win ozszse e xa--zkas- n
vsiSs u certificates % iazsasserszz z1es
as -zilroa1 stocks. zrsoaasinE - tZsi.SnS
Has god izcrrazess IN pa-cszsfs.x pozsr
By TIC cezoce.iza<soz g s-1ssr7 Az1~sE-l