The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-07-23
GOLD IN CIRCULATION.
Interesting Statistics from - Man WI
knnMa What lie Il TnIkIn. Ahnnt

Interesting Statistics from - Man Who
Knows What lie IL Talking About
In a speech recently made at Chica-
60 hy Mr.. Carlisle, the secretary of the
treasury, he stated that he had s'about
SEQ OG0, 600 Of gold in circulation" and
asserted that free coinage of silver
would drive this gold out of circulation
and thus cor tract the currency to the
extent of about $500, 900, O00 If Mr..
Carlisle is correct in his statement as
to gold now in circulation in the
United States, then the figures sent
out by his authority through the
bureau of statistics for the treasury
department are very misleading and
should be corrected.
An examination of the "Monthlv
Summary of Finance and Commerce of
the United States" prepared by the
bureau OF statistics for the treasury
department, will show the following
facts:
For the five years. from 1868 to 1872,
Inclusive, our domestic exports ex-
ceeded our imports Of gold coin by the
sum of sl23, ,622, 100, and for the five
years from 1873 to 1877 the excess of
exports over imports of gold coin was
siO4, 49s. ll6 For the next period of
ten years, from 1878 to 1887. inclusive.
we gained by the increase of imports
over exports Of gold coin the sum of
S193, ,552, 279.
Then for the five years from 1888 to
1899, inclusive, our exports exceeded
our imports of gold coin by see, ,6sl. Gal.
and from 1893 to 1895, inclusive. with
eight months of the present fiscal year
to March l, we again lost by domestic
exports over imports of gold coin the
sum of sjl5, o20, 454
If from the total losses for the term
of years beginning with the year 1868
and ending on March /, 1896, which
losses amount to the sum of 1869, 477,-
99S, we take the gains of gold coin
made during the same period, which is
the sum of Sls7, s67, 755, we will find
that during the time named we have
lost by export of gold coin the net sum
$751;, 60 243 The total gold coined at
the mints of the United States since
1899 up to March /, 1896, is the sum of
$3.50, 1863, LOG. Deduct from tins sum the
amount of S1Sl, ,610, 243 lost by excess of
exports over imports as shown and the
remainder will be S4O4, j57, 1868, from
which amount take S14O S74, SIS report
ed as in the treasury on March /, 1896,
and you get the sum of S263, Gs3, 34s as
the amount which should be in So
called circulation, provided no gold
com was lost by export or otherwise
previous to 1865.
This sum of S963, 3,6s3.24s does not
come anywhere about $500, 600, 900"
Mr.. Carlisle claims "a be in circulation,
but iS tile umount reported by the
treasury department to he in eircula-
ton March /, 1896, If we deduct the
loss sy exports ms shown The amount
reported by the treasury department
in circulation March /, 1895, is $4i5,-
29J, J,5aL Take from this the SIs1, ,GlO.-
243 lost TO the gold circulation of the
United States by the excess of exports
over imports of gold coin since the be-
3inniag of the year 1865 and you have
slte exact sum before arrived at, $685.
js3, ,2i3 1t may be claimed that Mr..
Carlisle includes in his about $780,
100000 of gold in circulation" gold
bullion, used often ia large CONNER
.ial transactions Unfortunately for
snch a claim and for the people of the
United States, examination will show
that during the same time our exports
OF gold coin exceeded our imports by
SlSl ,Gl0, 243, we sent out of the country
over 800, 600, 900 OF gold bullion in ex-
cess of what we imported There is
certainly an error somewhere, for the
statement Of the secretary and the fig
ures of the treasury department do not
tally by Il jugful," In this connec-
ton it is we'll to consider that for only
ten Of the % years given, from 1865 to
1896, inclusive, has the balance OF
trade been against the United States
tLat is, our exports of domestic mer'
chandise have been greater than oul
imports for every year but ten of the
2S. James w. Robertson, in Atlanta
Constitution.