Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-09-08
inadequate Volume OF Money.

medium In short, there Is a money
famine, and the autumn trade and the
movement Of farm products are not yet
fairly under way The demand for
funds must Of necessity increase. but
the supply viii not be augmented.
The policy Of the national treasury
Is 10 still further widen the distance
between the money requirements OF
the country and the volume Of employ
able funds. That Is what the admipis-
iration Is aiming to do. That Is what
II Is doing. The country IS now ex-
perienciDg some Of the hardships OF
the gold standard policy. but only
some OF them. The heaviest burdens
and the most trying situations are yet
to come They tell rs that the actual
volume of money II circulation is much
larger than II was before the declara-
ton OF war. which Is true, but the de-
uand for money has increased IN very
much greater proportion, winch leaves
the total volume Of money smaller,
when compared with the Increased de-
naDd, than it was four months ago,
and by the very nature Of things they
are bound TO grow wide apart as the
reg guirenents Of business Increase.
1t is not difficult to fRthon the Sc
cret Of the purpose Of the money
powers II Is to their interest 10 Keep
the volume Of money as much below
the demand Of the people as possible,
and supply the deficiency with drafts,
commercial bills and notes and dis
counts. That is to say, to force the
public TO pay q high rate Of interest for
money that should be il sufficient
quality TO supply all Legitimate de-
mands without paying for its use.
The burden Of this conspiracy falls
upon the producer Of agricultural pro-
ducts and the consumer Of articles gen
orally Of consumption, The farmer
may not know why the price Of wheat
Is q cent or two lower to-day than II
was yesterday, nor may the merchant
know why q temporary advance has
been made in The price Of given arti-
cles of merchandise, but if they will
hunt out the cause II viii be found
that the money powers have given the
thumb screw Of the price for the use Of
money q downward turn, which obGges
the wheat buyer TO reduce the price
andkthe maker OF the merchants arti-
cles TO advance the price. When such
conditions exist We are told there is q
scarcity o. money After gathering
the profits Of the squeeze, the money
powers permit the price for the use of
money to fall so that the public may
recuperate for the next plucking.
When these conditions prevail We are
told that there is plethora Of mon
ey-" But does the actual volume Of
per capita money Of the country de-
~ Cc~1U GGA AIN& ~ SA@4EC hLSS%
widely differing prices for the use of
money? Not at all. It Is simply man
ipulared by the money powers, and
they are enabled TO DO that because the
total per capita money Of the country
Is SO far below Ihe per capita require
nents that II Is small enough 10 make
It's control quite easy
The enormous yield of ground pro-
ducts this year, and the steadily in
creasing volume Of trade distribution
are demanding large increase in the
country's circulating money. The
banks claim that they are being pushed
hard to supply the demand for money,
but they do not say that the harder
they are crowded the more business
fact Of the matter Is the gold standard
policy supplies the business communi-
" with money in inverse ratio TO its
increasing demands. SO the greater the
volume Of business the greater Is the
difficulty TO transact it, whereas the
greater The volume Of business the
greater should be the available supply
Of ready money. In no other depart
msnt OF human existence are such ab-
snrd and Illogical principles and phil
osophy applied Rs in the world Of
business and finance IN the United
States The annual business opera
tions of the United States aggregate
fully $3.50, 600, 0O0, 600. One-half Of il
Is transacted through bank clearing
houses, leaving $75, 600, 600, 900 to be
conducted by al active circulating
money medium and commercial bills. I
The circulating money medium Of all +,
kinds amount 10 about 81, 500, 900, GOO. |
but the ultimate redemption money for /
the entire $3.50. 900, 900, 600 is about
$500, 600, 600 Of gold. OF this amount |
500, 600, 900 Is held Rs e redemption |
fund By the government, leaving only !
$500. 900, 900 as the actual redemption |
money of the nation. The gold stand /
ard Is altogether Spanish In its treat /
ment Of those Of the people who are
moi n the swim with the monRy DOW