New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-11
MORE MONEY THAN EVER.
TIE COUNTRY IN GOOD FINANCIAL con-
pITION FOR WAR.
-.rvAsr.r INCREASE IN THE AMOUNT OF
GOLD LAST MoNTH-No NEED 10 GO
ABROAD FOR FUNDS.
rnr TELEGRAPH TO The TRIBUNE

rnv TELEGRAPH TO THE TRIBUNE
Wellington April lo-How will the Government
oats. money TO carry on a war II war IS 10 occur
rhs. war Is costly undertaking. counted even IN
.,us,. goes without saying. and Is evidenced oy the
,,a, pretty large share OF the s5oc"o"n appro-
s,.5 FOR preparation has already been expehoea OF
p,s,lir,,re has been authorized. Lucky, the peo-
~, .. the United States are in better conditon 10
.,,,lv the money necessary Tor an event u -
,ha-acter than on any former occasion I-'
money IN circulation IN the United states - mo.
-, svsr hesore II has increased saeSSS44o IN
-. ,w.,,v-ore months since the Chicago Conven-
.,. .ool he ground that the money OF the country
.,,5 NJ. increase materially without lree co'lAso
=, silver. and Il stands al "high-water Ha'A.
,,-sssu-v statenent Just issued shows that tne
,,o,ev IN circulation IN the United states a. nc "
L,r,,s q. the present month was 81 'oo,ooNvf''
1870 than WAS ever before shown IN any OF
49, ,oon.hlv statements on this subject by the 1o
eminent More than that gold IN clIcuIa''oi =
,-sa.s- IN quantity than ever before 1t NJ
s,-i,S the month Of March. In the teeth OF tiis ."
blasts nearly 100000 day. the so'aai "a
.-. ,oon,, a. shown by the Treasury hsures oe'ne
s,s -. sso whit. TIE total increase IN the money IL
,t-c,,la ton during the month was sZ''oSl'sso
rs The oeopla OF the United States are now oe'-
,s- able 10 supply the money necessary I0
49, whether It IS gathered from among them ny
$50 .,, ~ nv loan. or BOTH than at any previous
80. &, The history 0: the country. The ia'es'
.,a.sn.n, Of the Treasury Departments SHOWS .ne
available cash balance n the treasury i"0'u1-e
cold reserve" 10 be s22S0NeN. ,
v-be.re- the money shall BE- raised oy aooltioi-A
,axation or By popular loan or ootn. IL cou-4 o..
doub-le.s would come from the people OF '-ie 80
states supplied they are to-day VII" mo-
Tina tax on beer row brings 70 the OoNe''
,o,, ss3 90 90 O year. that OF tooacco aoou' COW
no 90 ana tina. on spirits over SsO"o"" 4"ese
,hrAa articles II the Were - ne 'einP'ia my
douh.ed on there war measure "ouIi put nv
80 T-.asucy an average % sl2 5000 a month IL
addition 10 presenc receipts. The money eAPeHueu
n war would be practically all distributed among
o,r own PEOPLE that the process OF oo'a''''ie
money from people and again Distributing -
through expenditures for war supplies would not
Rave The effect OF reducing the stock OF money IN
the country
The contrast between the financial condluoh OF
the country to-day and that when It had fairly
.nt.red On the Civil War n 1862 IS strongly marked
Then the money in circulation was less than 1884,
200 900 or one-A.th OF what Il IS to-day, ana lHo
amount per capita so &c against s3 % per capita
today as shown by the latest statement OF the
Treasury Department. The money IN Circulation IS
more than double to-day what II was IN April Ie's'
ana the latest report OF the Controller or me Cur
renew shows larger on deposit In TIE NauohaI
Ivy Oficial reports Of the Government also prove
the deposits in savings banks % DC N aIiD-.t.
greater than al any previous time lie fact lhat
SovA-rrnert bonds drawing low rate o. interest
az selling far above their face value. even though
-sdserabfe within a comparatively short teF44i'
denonstrates the desire OF citizens 10 invest lAe!s
rn0ney in Government securities -,
Tn following table. SHOWING re anon u $50
and the total amount OF money OF all kinds IN ST
culs,on on the first day o. each month since JUL
! 1856 is especially interesting al this time