The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-11

convention. 1t Is believed that he thinks
1t would be wise to have 1t held not
later than June next, and 1t Is said
that he stated when he was here not
long ago that he believed 1t would be
more polite to have the convention date
set ahead of this time There are various
reasons advanced why he thinks 1t would
be advantageous to the Democrats In this
campaign to have their convention over
before the Republicans meet at Phila-
delphia, and the principal one, 1t Is be-
neved, Is that he desires to begin his
campaign tour at least month before
the Republican national committee Is
able to put its campaign orators in the
field. When the national Democratic
committee meets in this city this month
the situation will be canvassed. and 1t
Will be then decided whether the DEM
ocrats will assemble in national conven-
ton at an earlier date than June 6. There
Is no doubt, say the politicians here,
that the convention will meet on or be-
fore that time
There has been some change In the
situation regarding the place for hold
Ing the convention which will nominate
MI Bryan for the presidency. It is main
tanned by good many Eastern Demo-
Gratis that If the people of New York city
DO what they say they will. and advance
the amount of money they claim they
can they might induce the Democrats to
nave the convention held In the Eastern
metropolis. The fact that Chicago Is not
making tremendous effort to get the
convention, and the possibility that the
nAAnlo of hot oil
Milwaukee, makes the opportunity far
better for New York winning, If, as be-
fore stated. the business men of that
town will raise a sufficient guarantee to
satisfy Chairman Jones and the latter,s
associates on the Democratic committee.
Kansas City, while it will make a vigor-
Gus light to secure the prize. Is believed
TO De too far distant to suit the Eastern
and Northern Democrats and those from
the Tar west are apparently willing If
fhey have to make long Journey to go
as far East as New York. This seemed
to be the situation when the Republicans
selected Philadelphia, and the same rea-
son Will without doubt hold good with
the Democrats
There Is no doubt whatever that the
people Of the Beer City are going to make
their competitors for the convention
hustle when the national committee as
sembles here within the next few weeks.
II Is probable that the Milwaukeeites
VIII make vigorous splurge, for 1t is
said to be fact that they will open
headquarters in every principal hotel in
the national capital 1t Is impossible at
this time to get anything like definite in
formation regarding the purpose of the
democratic leaders, and 1t is not thought
that they even know themselves where
they prefer to have their national ticket
nominated. AS before stated, however
an outsider would pick New York city
as the winner, and If that city is not
selected for the convention town all other
signs point to the nomination Of Col
Bryan for the second time In Chicago
Every years Developments seem to
Justify the assertion that this is a ssbil-
l1on-dollar country" The year 1899
brought our foreign commerce for tile
flrst time past the two billion dollar line
and the month of February, 1900, shows
our money In circulation for the first
time as more than two billion dollars.
Thus by curious coincidence the an
nouneenaent of two billions Of foreign
commerce and two billions Of money in
Circulation are made within a single
month, the totals Indicating that the
two-bfllfon dollar line had been crossed in
our commerce for 1899 having been only
completed by the treasury bureau of
statistics on Jan. A. while the treasury
bureau of loans and currency on Fec.
l announced that the total money In cir
cuiatfon had also crossed the two-blIien
dollar line, while gold and gold GER
tfficates alone had crossed the eight hun.
dred-million dollar line. The total foreign
commerce for the year 1899 was s2,074, 345,-
az, while the total money in circulation
on Feb. l was $2,003, 149, 355 The use Of
ten figures with which to show the
business conditions of the country is in
deed becoming surprisingly frequent.
The tables of the December Summary of
Commerce and Finance show. for In,
stance, the total resources of national
banks at 81, Az, 343, 1924; the latest report of
the comptroller of the currency shows the
deposits in savings banks to be. s. go 1885,
.54; the total resources of all banks in
/ the United States are given by the same.
report as S., 136 IT, 33Sl, and the latest num-
Der of the Summary of Commerce and
Finance shows the December clearing
house returns Of all cities outside of New
York at S2012. S96. IA, and those of the
city of New York at 5,3+8. 2S5, S67
The announcement that the money in
circulation in the United States has for
the first time crossed the two-biliion DOL
lar line also calls attention to the fact
that the amount of money for each indi-
yiGual is greater today than ever before
The treasury bureau Of loans and cur
rency publishes each month a statement
of the amount of money in circulation and
by combining with this the aetuary's esti-
mate of population, presents a monthly
statement of the amount OF money in
circulation per capita. This statement
puts the population on Feb. 1, 1900, at
n, JIG, 900, the money In circulation at
81, cog, Jas, S55, and the circulation per capita
at $25.98. This gives a larger per capita
than in any earlier month in the history
of the country. On Feb. 1, 1899, it was
s2s.42; on Feb. l., 1883, s23.42; on Feb. /,
1897, s2S.05, and on Feb. l, 1896, $z2.47.
No period in our financial history has
shown a more rapid growth in the
amount of money In circulation than that
covered by the past three or four years
The total money in circulation today Is
81 per cent greater than at the beginning
of the fiscal year 1897 and the gold and
gold certificates in circulation 81 per cent
greater than at that time, the actual in
crease in money In Circulation during
that period being s4s3;424, 15s, and of gold
and gold certificates 1906, $4,000, practical
.ly two-thirds of the increase therefore
having. been in gold.
Ronald Morrison, United States vice
consul at Dawson City, has furnished the
state department. with the following in
formation regarding mining in the Yukon
region and the various routes to Cape
Meme:
1.-THE weather for the past month has
been comparatively mild. the thermometer
ranging from Is above to Is below. This
exceptional mildness at this season of the
year has interfered materially with the
working of claims, causing many mines
to suspend work on account of water
coming TN the shafts and drifts, and, un-
less colder weather comes soon, the out
put of gold will fall far short of the
estimate. which for this season has been