The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1900-01-18
MONEY I'M CIRCULATION.
10 Statistics 20 Make nm Eaes-
msus Showing.

In order 10 build up large pen
capita In circulation the treasury de-
psrtment continues 10 count all The
gold ever coined as being rt.il In buGi-
neaa.
The last statement gives the total
circulation of all kinds at $780,. .Ti6,-
las, OF which se2S,ss0,739 Is gold. This
Includes all the gold from the begin
ring Of the government which has
been sent out No account is taken
of abrasion, OF losses in hrc or other
wi4e. or Of gold hidden away and
never 30 be recovered. This cause
alone, IN such a length Of time. would
account for the disappearance Of
many millions OF dollars which should
not do dummy duty In a treasury
statement. Bat even this Sosz n0s
represent the total diversion from cir
ruiation OF the precious metal Hat
the other day we printed letter from
. prominent Georgia dentist. In which
be drew attention 10 the enormous
consumption of gold coin by dentists
for the purposes Of their trade. The
aentist, for instance, who does not
within one year melt up 20 five-dolIar
gold pieces for findings is not TO be-
found. The fact Is that the poorest
dentists use that much. and that ona
with any prctensions 10 bTEinesE uses
that much In month. rather than In
year. Taking the rate OF Slo0 10
each dentist for the year, with $1,000
pt work. accounts for the retirement
Of sJ.OO0,OO0. or s9o,00O.o0o in ten
years. II 10 not eSaggcration 10 say
that within the past 20 years since
1870 seo.OOO.OOo Of gold coin has
gone the way of the dentist, 10 which
may be safely added aS much more
for other ART purposes.
Again, the paper money circulation
is equally as misleading as that Of
gold. The government still counts aa
In circulation the shinplasters OF the
war period which have never been
returned, and never win be now. The
loss which IL shown 20 have resulted
from the wearing out or destruction
of those notes applies equally well
10 all other paper money, but IL Is
impossible to settle upon n figure to
represent H.
The showing made for silver 10 cir
culation, SSt2. 2.5il,i ,i43 IN the aggregate,
shows that the forced coinage Of II
under the leadership OF Mr.. Bland
and Others since 1875, has been the
saving feature Of the situation. II is
safe 10 say that OF the sl.s6l, ,7i6.iis
Of money Of all kinds which has been
minted or engraved, almost one
third Of II has disappeared under the
circumstances stated. This would
leave In circulation but trihe over
81, POO, 900, 900, Of which almost one
half is silver, almost all of which
bears a mint impress since 1873. This
represents the contribution TO cir
culation forced by democratic agita-
tion, and which was carried into ef.
feet by the various administrations
under the laEhings of the congres.
aional whip. without the Blandlsm Of
1878 the money circulation Of to-day,
which would be TO the logical credit
OF the republican party, would lie
about S7Oo.OOo.o00. Truly a magnit.
cent showing upon which 20 AJAX the
country TO 60 upon y gold basis.
Even now, while congress Is discus
sing the feasibility OF adopting the
gold standard, under advice of Mr..
Mckinley. who voted ten years ago for
paying the creditors Of the govern
ment In silver. the business men OF
New York are clamoring for financial
relief, and are looking to the EeeFe-
tary OF the treasury TO dump moro
gold la their midst by the rcdcmp-
t.oa st high premium OF bonds not
yet due. While che secretary will
thus be engaged 10 the benevolent
work Of relieving stringency In one
city, the money with which be Ia to
do II ia being gathered In every other
city by bank aud telegraph stamps,
every circle with the revenue
collector.
Congress may paSE what resolutions
IL likes, but the people who have 10
pay their taxes In order to relieve one
little group Of business men win not
accept tho settlement, but viii keep
up the fight until our financial system
is placed upon a natural basiA as be-
ing better than one which Is proved
artifeinl.---Atlanta Constitution.