Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-07-30
HOW REPUBLICANS HAVE IN
CREASED CIRCULATING MEDIUM.
s42s,o4o,273 IN THREE YEARS
SILVER CIRCULATION INCREASED
NEARLY $1OO,OOO,OO0.
of Gold Coin Has In
creased S247,155,335 Since 1896
Silver Dollars Are Mostly
Lying Idle in the
Treasury.

NASftlNGiON, July gy.-tSpeclal.) Re-
cent treasury statements furnish an inter-
esting insight into the financial condition
of the country since Mr.. Bryan, in his
speech at Greensboro, n. c., in 1896, de-
manded to know what provision has the
Republican party made for the supply of
money that we need? None whatever!"
This was the burden of one of his cam
paign speeches, delivered when the Cleve-
land regime was still in power, and condi-
tions all round were anything but pregnant
of early reaction to encourage people
to venture a definite prophesy of better
times. Mr.. Bryan was using for his text
a statement of Senator Sherman, that
there should be an addition of 100000 per
annum to the circulation medium of the
country to keep pace with the growth of
population"
The total amount of money in circulation
July l. 1896, the year of Mr.. Bryan's cam
paisn, was s., ,5O6, 1884, ,966. Three years have
since rolled by, during which the Republic
ans have formulated the chief financial
measures now in force, and have had the
care and nurture of the circulation. The
total amonnt of money in circulation July
l, 1S99 81, ,9S2 4S4, ,2S9, an increase of S426,
049, ,213 over the amount in circulation at the
close of the last fiscal year of the Demo-
cratic administration, when Mr.. Bryan
raised his voice prophetic of disaster. The
annual increase, therefore, shows, instead
of S42OO0OOO, the limit of safety fixed by
Senator Sherman, as quoted by Mr. Bryan
with his Endorsement, the startling sum OF
S142 Ole, ,422 per annum, or more than Sioo,-
900 600 in excess of the limit adjudged to
be about the right margin for prosperous
times.
OF the total amount, Sl,932, 4Si2os Is
actually in the hands of the active pusi-
ness agencies of the country while s62S'-
354. .16 additional Is in the United States
treasury. Estimating the population at '6'-
14S 900, this would give a circulation per
capita of s25 based upon the whole cir
culation, as compared with S2115 in June,
1896.
In the latter year the total amount of
standard silver dollars in circulation was
| only $50, ,116, 9A, and of silver certlhcates
$3.50, ,65T, ,191. Exactly three years later. july
/, 1892 the amount of silver dollars in cir
culation was s63, ,3S1, Isl, and of silver GER
titicates, $401, ,S6g,343, an excess of 81 264,Sf
| in the amount of standard silver dollars
and $n 212 152 in certificates, or a total in
crease in the silver circulation of So, ,999.
| This is not counting subsidiary silver,
amounting to S10,57l, ,231 more, thus bringing
the silver circulation up to the sl0O000,0Oo
mark in excess of the figures of July l,
| 1886.
The greatest increase, however, has been
in the use of gold.N The gold coin In circn-
! lation July l, of this year, was Si0Z,o6 4os'
while it was only $4S4 so5 @ cSa g.. on I J9ly l.
tifcates in circulation in 1886 amounted to
S42, 1875 l19, and in 1899 to $S2, 656,26s a de,
of O5s0 dS ii leaving nIgcpaf{on ths total at
yesr 5es 0estnhsk at sis4. 4.7is.72s OF = the total
| gold coined or issued but Sl5S, ,522, ?96 Is IN
/ yr-nf nf
| standard silver dollars, SAG, $685. ,4S0 is lying
| dormant in the United States treasury,
and $4,216,16l silver. certificates are Keeping
it company, showing that there is com,
paratively small demand for the standard
silver dollar as a circulating medium. Ex-
actly the reverse is true as regards the
| gold certificates. of which $50 are in
| the treasury. To form birds eye view of
! the issue and circulation of the gold and
| silver coinage, the following table Is at
| tached:
Gold coin in circulation. s7o2 o6o. .459
Gold coin in treasury. l5S5225ss
Total issued 1856, ,5ss, ,O55
Silver dollars in circulation ........s 49, SSl I5l
Silver dollars in treasury. 4l6's6s'Iso
Total issued $780, 2ol Zol
Gold certificates in circulation 32 est, ,ess
Gold certificates in treasury. l.6l. 500
Total issued "a. .2s7, ,Sis
Silver certificates in circulation. si0I, ss9. .S3
Silver certificates in treasury......... 4,2l6.l6l
Total issued .s4o6 os5 5oi
! OF the total amount of silver dollars
issued in the shape of standard dollars and
! silver certificates, exclusive of subsidiary
silver, the enormous total of S421, ,0S5,6l is
lying idle and unused in the treasury. of
the total gold thus issued only SIS. .164 l46
is deposited in the United States treasury,
while the great bulk of it is doing busi-
ness in the hands Of the people
This is the answer to Mr.. Bryan's ques-
ton, What provision have the Republic
ans made for the supply of the money that
we need?' That have given the country
an annual increase of circulation of S142,-
0l6 422, and they have given silver show
by adding nearly s100, 100000 to the silver
supply in circulation since the last DEM
ocratic administration.