The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1899-11-02
THE CURRENCY QUESTION.
racts That Can be Proved by the An
nual Treasury Reports.

list friends came in, and we got to
talking about the then .oming cleo
ton. Our friend said that he was
going to vote for Bryan instead of
Mckinley because he believed that il
would be the Republican policy to
stop the coinage of silver and with
draw from circulation what white
metal was then in the hands of the
people; that they would then con-
tract the gold and have every bor-
rover at the mercy of the lenders.
Our friend has been told by the
Populist campaign literature, and
was honest is believing it and so
earnest in talking it that we came
up to the Office and filed away a
Treasury report for the first day of
August, 1896, which we had just re-
ceived.
The other day we received the re-
port for August l, 1899, and as we
came out of the post office saw our
friend driving out of town. That
led us to compare the two reports.
We find the government did not
stop coming silver dollars. We find
that it did not contract the gold in
circulation. We know and every
body else knows that the borrower
is not at the mercy of the lender
We know that seven and eight per
cent. was the rule then and that
money was hard to get at that. We
know that money can be had at five
per cent. now and that loan agent
drive all over this country hunting
borrowers. They go to the records
and find who has loan coming due,
then they go to the farmers house
and offer him all sorts of induce
ments to let them have the loan.
All they want is good security and
clear title, and the money comes
easy.
But how about the circulation?
What about silver? Comparing the
two reports we find that the Gov
erument has coined over 48 900, 900
silver dollars since our friend talked
about it in Doty's office in 1896, an 1
has increased the circulation of them
$12, 100000; that is all of the in
crease they could get the people to
use. But they have sent out $72,-
000,0 900 more of silver certificates,
raising the total of this species
of money in circulation to over
$4O3 100000
Then there is gold. When our
friend told us in 1896 about con
traction, the Governments coined
stock of gold was under 1865 ,000,-
600; it is now over 1852, ,OOn, 900, an
increase of $2SS 900, 900. The
amount in actual circulation then
was under $456 500, 900; it is row
over $700,00O'000, an increase of
1856, 100000. While increasing the
circulation that enormous sum, the
amount of gold in the Treasury has
been increased about $33, 900, 900 at
the same time.
Then there are the greenbacks-
the beloved greenbacks. They were
an endless chain to draw poor Mr..
Cleveland's coin out of the Treasury.
But you don't hear word about the
endless chain business since Mr..
Mckinley and the Dingley bill got
to work. A sensible Tariff law sup
plies funds enough so that they
don't have to worry about them.
Since Mr.. Mckinley got into control
the circulation of greenbacks has in
creased from 81, ,514, 903, ,142 to ST.
931 III .204, a net increase of over
$416, 100000.
But it takes "per capita" to COM
pleat financial argument. Accord
ing to the Governments estimate
there has been an increase of nearly
100000 in population since our
friend was so fearful of results in
Judge Doty's Office. 1t would take
an increase of over 800, 200, 900 to
keep the percapita circulation where
it was then. But the Government
has made up for the natural increase
in the population and at the same
time has increased circulation from
$21.1S Per capita to $25.31 per cap
ita.
Considering that he is controlled
by the money devil and Mark Hanna.
don't you think Mr.. Mckinley has
made good President, to carry on
a war successfully and at the same
time to so completely keep lis
pledge to give the people plenty Of
money whith which to do business.
If any of our readers doubt this