Iron County register., 1896-07-02
aoLp IN clRcuL Ar,on.
Interesting Statistics from n Man Th
Knows What He H Talkina, Ahonf

Interesting Statistics from Man who
Knows What He Il Talking About.
In speech recently made at Chica-
go by Mr.. Carlisle. the secretary of the
treasury, he stated that he had s.about
$500. 900. 900 of gold in circulation" and
| asserted that free coinage of silver
would drive this gold out of circulation
and thus contract the currency to the
extent of ''about $500, O0O. 900. If MIR.
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 Monthly
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 $123, 622, 160, and for the Eve
years from 1873 to 1877 the excess of
exports over imports of gold coin was
Si04, 49s, 116 For the next period of
ten years, from 1873 to 1887, inclusive,
we gained by the increase of imports
over exports of gold coin the sum of
s123, $50, ,279.
Then for the five years from 1888 to
1892 inclusive. our exports exceeded
our imports of gold coin by $40, 6s1, 641.
and from 1898 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 S115. O2O, 454.
If from the total losses for the term
of years beginning with the year 1868
and ending on March l, 1896, which
losses amount to the sum of 1869, At, :
99S. we take the gains of gold coin
made during the same period, which is
the sum of $1s7, s67, 755, we will find
that during the time named we have
lost by export of gold coin the net sum
S1s1, 610, 24S. The total gold coined at
the mints of the United States since
1892 up to March 1, 1896, is the sum of
$3.50, 16S, 106. Deduct from this sum the
amount of $1s1, 61O, ,243 lost by excess of
exports over imports as shown and the
remainder will be $4O4, 557, ,s63, from
which amount take $40, STA, SIS report
ed as in the treasury on March I, 1896,
and you get the sum of $263, ,6s3, ,34S as
the amount which should be ins So
called circulation, provided no gold
coin was lost by export or otherwise
previous to 1865
This sum of $263, ,6S3, ,34S does not
come anywhere ''about $500, 600, 900"
Mr.. Carlisle claims to be in circulation,
hyIf iS hn 1lv ho
treasury department to be in circula-
ton March l, 1896, if we deduct the
loss by exports as shown. The amount
reported by the treasury department
in circulation March 1, 1896, is $445,-
293, SOL Take from this the $1s1, &c.,
243 lost to the gold circulation of the
United States by the excess of exportA
over imports of gold coin since the be
ginning of the year 1868 and you have
the exact sum before arrived at, $685.
$50, ,243. It may be claimed that Mr..
Carlisle includes in his ''about $780,
OOO.O 900 of gold in circulation" gold
bullion, used often in large CONNER
cial transactions. Unfortunately for
such 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
S1S1, ,61O. 243, we sent out of the country
over 800, OOO 600 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 a jugful." In this connec-
ton it is we'll to consider that for only
ten of the % years given, from 1868 to
1895, inclusive. has the balance of
trade been against the United States
tLat is, our exports of domestic mer-
chandise have been greater than our
imports for every year but ten of the
2S-James w. Robertson, in Atlanta
Constitution.