The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-14
COUNTRY GROWS IN WEALTH.
FOREIGN TRADE AND MONEY SHOW
LARGE FIGURES.
The s2.ooo.ooo.oo Point Has Bsen
Passed in Each-Noney Per Cap
ita OF Population Now Placed
at About Tweuty-six Dollars.

Special Dispatch TO the Post-Intenigencer.
WASHINGTON. Feb. fS.-Every years
developments seem to Justify the as
sertion that this is "hiiiion-dollar
country" The year 1899 brought our
foreign commerce for the first time
past the S2.0oo, teo.oa line. and the
month of February, lS9a shows our
money in circulation fer the first time
more than s2.ee9. eco,eoo Thus. by a
curious coincidence, the announcement of
S,eoo.ooo.0o9 OF foreign commerce and
s1.eoc 90. 600 OF money In circulation are
made within a single month. the totals
Indicating that the s2.eoo oa.ooo line had
been crossed in our commerce. for iSss.
having been only completed by the treas
ury bureau OF statistics on January ~.
while the treasury bureau of loans and
currency on February l announced that
the total money in circulation had also
crossed the s20D. oooooe line. while gold
and gold certificates alone had crossed
the $500. asp.ooo line
The total foreign commerce Tor the
year 1899 was s2,0T4345.e42 while the total
money IN circulation on February ! was
s.es .lfs.s5S The use OF ten figures with
which TO show the business condition
OF the country Is indeed becoming sur
prisingly frequent. The tables OF the De-
cember Summary of Commerce and FL
nance show. for instance. the total re-
sources of national banks Mt si.asss4s,s24.
the latest report OF the comptroller OF
the currency shows the deposiss4in saw
ings banks to be s.. go sss. s54; the total re-
sources OF all banks In the United States
are given by the same report as sA.lss,
III. Isl, and the latest number OF the Sum-
mary OF Commerce and Finance shows
the December clearing house returns OF
all cities. outside OF New York at 0uf2-
s9s,l44 and those OF the city of New York
at S.SisSs5,s67
Money In Circulation.
The announcement that the money In cir
culation IN the United States has, Tor the
FIRST time, crossed the two billion dollar
line also calls attention TO the fact That
the amount OF money for each Individual
In greater today than ever before. The
treasury bureau of loans and currency
publishes each month statement OF the
amount OF money In circulation. and BY
combining with this the actuarys estimate
Of population presents monthly state
ment of the amount OF money In circula-
ton per capita This statement puts tina
population on February 1. 1890, at u eel.
the money In circulation at t1oc3.itI ,SS,
and the circulation per capita at S35.as.
This gives larger per.capita than In any
earlier month In the history of the coun-
try. On February /, 1899, It was IA; on
February j. 1875 SO a.: on February /. 1891,
s2aO6. and on February 1. 1855 sc.f
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. TIE total
money In circulation today is 80 per cent.
greater than at thu beginning OF the fiscal
year 1881 and the gold and gold certificates
in circulation 81 per cent greater than At
that time, the actual increase In money
IN circulation during that period being
stss ~. u, and Of gold and gold certificates
KOS ss6.pV, practically two-thirds Of the IN
crease therefore having been In gold
The following table shows tho amount OF
gold and total money in circulation at the
beginning of each quarter OF the fiscal
year from July /. 1895, 20 date;
Gold Total