New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-10
4 TWO BILLION DOLLAR COUNTRY
REMARKABLE FINANCIAL AND CONNER
GAL FIGURES FOR THE UNITED STATES


Washington. Feb. Il (speclaD Every years de-
velopments to justify the assertion that this
IS billion dollar country The year 1899 brought
foreign commerce for the first time past the s. 600
10000 line, and the month OF February. 1900 shows
the money in circulation for the first time
than g 600 900 Thus by curious coincidence the
announcement Of s200O 900 Of foreign commerce
and s2,0OoOOOGO in circulation Is made within
a single month the totals indicating that the
5000 100000 line had been crossed in American
commerce for 1899 having been only completed by
the Treasury Bureau Of Statistics on January II
while the Treasury Bureau of Loans and Currency
on February I announced that the total money in
circulation had also crossed the go 10000 line
while gold and gold certificates alone had crossed
the $500 000 900 line.
The total foreign commerce for the wear 1850 Vaa
s2G74345242. while the total money in circulation
on February I was g DOB I4s $50. The use Of ten
figures with which show the business conditions
Of the country is, indeed becoming surprisingly
frequent The tables Of the December summary Of
commerce and finance show. for instance, the total
resources Of National banks 81 1888 924; the
latest report of the Controller of the Currency
shows the deposits in savings banks to be g. 23O
1884 the total resources Of all banks in the United
States given by the same report as s. II SS
and the latest number Of the Summary Of Com
merce and Finance shows the December clearing
house returns Of all cities outside Of New-York at
g l2896i4i, and those of the city of New-York at
8 .34s, 2s5 .S67.
The announcement that the money in circulation
in the United States for the first time crossed
the $1,000 10000 line also calls attention fact
that the amount Of money for each Individual is
greater today than before. The Treasury
! Bureau Of Loans and Currency publishes each
month statement Of the amount Of money in cir
cuiaton, and by combining with this the actuary
estimate Of population presents monthly state
ment Of the amount Of money in circuIati ton per
capita This statement puts the population on
February l. 1900, 77I6O00 money in circula-
ton at $40 l4s $50 and the circulation per capita
ar s25 IS This gives larger per capita than any
previous month in the history Of the country on
February !, 1899 ii SIS ~; February / 1898
SO a. on February !. 1887 s23 Go, and February
J. 1896 S22 At.
No period in American financial history has
shown rapid growth In the amount of money
in circulation than that covered By the three
or four years The total money in circulation to-
day is 81 per cent greater than the beginning Of
the fiscal year 1897 and the gold and gold certih-
Gates in circua ton 81 cent greater than that
time. the actual increase in money in circulation
during that period being 1888 2455 and of gold and
gold certificates S305 SIS goo practically birds
of the increase therefore having been in gold
The following table shows the gold
and total money in circulation AT the beginning of
each quarter Of the fiscal year from July 1895 70
date: