Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1902-09-17
roo Nrcn aoLp.


This Coanfry Suffering from . Most
CEsioHs Cause.
/ nk cnrious thsng that the Uastea
states ~ the present Tune is sassriag
trum too much money. Usually ga over.
sappgy cs cash = not apt 10 be eoshsrssnns.
bat the wsy ia whieh the gola eontinaes
10 p.is % 10 shs tsessary - causing sec.
Rotary shsw considerable nnn0yaaee ssa
| he aoes net know what remedy 20 seeps
20 End relief.
Toe treasury nov holds some feaa 900.
I asa Ia scsaai gois, sam larger tsan soy
nAtioa wss Sysr before knswa to possess.
/ Tssaason has II that Rassia, ssfsrs shs
rssunss syscis psynent, piled ~ sslpl lno-
aao Ia geld coin IN her vaaits, bus no one
knowx sssately how mueh gotd Rassia
realty haa, bsc#ass 10 Rasssa goysvnmHnt
operatives are gissa ss little pnblisitg 81
posslh.s. and 20 effieizi statement 90 tie
nstIensi gold bpge.aEs wss ever nsae.
Neither Eag,sSa, Francs nor Germany
hss ever kaa - naaeh gold a. the Uaiisa
states has 81 this precise Hsomsnt.
Secretary sasw uoaia lies 10 force this
gold iale Nct4ve circulation. hsi no enc
wants guld 40 loag =. The iressaFy has
plenty 81 Il and Il is 20 es had Tor The
asking.
II the srsssssy bad 10 gold. and II the
GATED States nctas we're not 81 good a.
gold, then everyone wcuie be eismaTing
ios toe preeioes metal, e1t 20 ioug as IL
can se had on dspsnd people prefer the
mere convsnieas paper.
sseregsry sssw can Issue paper ssxiust
the stock Ct gold which Re holds, and. 81
coarse, he has aoss so, but what worries
hiu = TIE iheeght that money whicb
aaRht 20 BE- ia eiycaiasion sie- idle ia be
treasury vsaits. Another thsax thai wos-
rtes hfru r. the fesv that " ben Congress
ressee aabies II viii frsi eompsiied to tin.
ksr with The tariff 80 ~ 10 cut down This
suoFmc1s surplus. Secretary Shaw beds
10 tea opAnion that any rhsn9e ~ ths
tsrir vili casturh sassns@s, produces gsn.
era nnrssaness thrcu9hout the rnsucssi
and commercial ~ Grid and seriously mem
zee prosperity. From the standpoint Of
Secretary shsw the siissticp IL aa swk.
ward cue.
There is REALLY ncshtng that the treasury
can 90. Secretary Shsw has urged tor
usttonsl tanks throughout tbs country
TO fuervass their etrxnlstion 80 ~ 10
provide murs raossy for the ccantfy-
This tbs hspks have sgresd 10 do to
limited extent. TIE reason Why thsy
are NOT doing II mere generally = that
10 incrasss thetr circulation they hss1
20 dspo*t1 eones. The present high rate
OF hones. TIE hacks claim. makes u an
profitable tor them 10 aeposit teen
sEslnsi efreuis1ian.
tbs secretary OF the Treasury ssn si
wsys bay boads y ten q Ia br1sss@F1 to
resssse i.rgs SONS 81 money. kuf that b a
remedy SECRETARY sdoprs uith great Sc
Inetancs because " ts Of Itttis pxscslSsl
bsnxGt. TITS moment the s<ssssssy gees
tate ths rasrsst 90 hay hones tbeis prgcs
sHysnc~s. 80 thai the secretary u siwsys
compelled 10 pay more titan the ruiing
rate. Eurt heyuorv. tie ps0pss " ho omn
The bonds aFS nsGstiy rot the peopss " DO
nSess the money. IDstssd OF ihc money
he!nK Distributed, whsca s shs ahifet
simed ST In time Of stFingeney. ths
Treasury to = fsw tn6fvtcgaas or cnspngs-
tiens Of great westsh. Thks msshod has
often SERVED to lacrosse rather than TO re-
issgs the strtngsncy.
ThsF~ 10 going TO be an enormous De-
mNhd for money this tail to move the
crops- tbs West n richer than II hss ever
hs~n, bet The caik Of the .srplas snnasr
OF the West bas been seat Esst fos snyest.
meet and other purposes. When tie
West begins 10 draw on ths East fur iss
faudz that sBsy cause gsssfxi resaIast-
meat Of balances and In . measure correct
some OF tie sRlks aaw sxssttng. Aerre-
tary Ssaw wiii watch the situation vesS
closely. IL 10 net thst the country has
not money enough; 81 Is thst The eoaatss
Sss too much uauney. which ss an abnor-
mai state Of sffsirs, sna snyteiRg that 10
shaoEussi - apt 90 he disturbing, even too
much money.