Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-08-13
TIE MONEY IS READY
Treasury Department Has Made
Preparations for the Big Crop
Movement.
Great Demand for Cash at the
Banks...Large Shipments
OF Coin.
Currency Issued During Past Year
and Improved Credit Will
Prevent Stringency.

Washington. Aug. 13.-The prospect
of moving to market more than 3,O00,-
100000 bushels of corn and wheat this
fall, not to mention other crops which
are phenomenally large, has led the
treasury officials to consider seriously
the situation in regard to the circulat-
ing medium that will be required for
this great undertaking.
1t is apparent TO the officials from the
figures published by the agricultural
department yesterday that the COM
bined corn and wheat crops alone will
exceed by nearly billion bushels the
crop of last year. Secretary Shaw said
preparations to meet the demands from
western banking centers for notes of
small denominations to meet the eN-
renses of the crop-moving period.
United States Treasurer Roberts said
that the treasury was never so We'll
equipped to meet these demands as
now, and that the outlook was most en-
couraging, with no sign of a distressing
stringency in the money market.
Two years ago when the corn crop
was very large the crop-moving season
was period of great stringency in the
money centers, but it was seen then
that measures must be devised to avert
a repetition of the stringent condition
of money. Last year. on account OF the
severe midsummer drought, the corn
crop was light and the season of NOV
ing crops passed without any severe
tax upon the country's circulating me-
dunn. Now the prospect is that the
corn crop will be a record breaker.
while the wheat crop is certainly above
the average. The treasury is better
prepared to meet the situation, how
ever, and the prospect is that the money
stringency will be much less severe
than it was two years ago.
The preparations for this crop-mo
ing season have been going on for
nearly year. In anticipation of large
crops the treasury has had a large
number of notes of small denominations
the bureau of engraving and printing
volume of paper currency on hand is
now 1891, $4,000, as against S526, 296. 900.
The number of separate pieces of paper
on June 80. 1902, was 1856, 72l 900.
as against S7,111,000 year ago; so the
increase is seen to be largely in notes
of small denominations. The increase
represents a large proportion of notes
of $40 and under, large number of
fives and tens having been printed.
Shipments of paper currency of small
are now being made
from the treasury of Chicago and other
centers in the west adjacent to
the crop areas. During this calendar
year the shipments Of this kind have
to S5,S45,000 as against So,
100000 in the same period of last year.
The volume of circulation turnout the
country has increased during the last
year by a large amount. On the LIST of
July the total circulation was s2,260,
750,242, or nearly S200,000,000 more than
it was at the end of the fiscal year 1901.
There is slightly unfavorable sign,
however, in the fact that the total cir
culation declined during the last two
months by about $6,O00,00O. This is re-
garded as only drop in the bucket,
when the great volume of the country's
paper currency is considered.
The treasury officials are hopeful that
there will be no necessity for the
treasury to go to the aid of the banks
by extraordinary deposits of federal
revenues or by any other measure dur
ing the coming crop-moving season.