Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1904-10-28
SUPPLY OF MONEY
Increase OF S11s.o0o,O 900 Since Jan. 1, and
s1O.0O0,OOO Month for
Eight Years.

} 4 VI rs i Z
Increase OF s11s.ooo,o 900 since Jan. /, and
sao.ooo,ooo Month for
Eight Years
| The tota, stock of noonav IN +be
IInitad states increa sod from 90 7ee
l152 326 IN Tan nf +hia yaor - 90
800 ora 316 IN Sent ~ moro +han
SEA OOO OOO and Tho money n oot,,aI
circlation which YVES 50 Ae6 AK gro
a tha har;nnino nf this Voc, rosa -
80 55s o7aasa on son+ : an inoreo -
nf nearly $40 on on IN. +ba latter
aate the ner canita circu,a+ion had N.
| creased inst s1 sinoa +ba a,s+ ~ Ton.
no ~ 81 ~ 6 e
This Illustrates how Tho oo,,r+rv e
/ ron+inuolIy ora oooord,,,o - +ra .o;.,v
/ ia+ast f,guros go+hor,ng inoroo sod ha,,.
o8+s froIn q o,,,,r,,ioo, ,,o1;o,os = shove
i re follv ~ Tho fraa s,lvar arormant
for which Sparl or ana nav,s yo+ad a
l!1soes md 4, -1onn si1,co = ACKNOWLEDGEMENT
tha+ ,non1av s,,nnIios ,,,croo 81 not %
mora monsv nav IL coined mt "a
credit non fiaanca ond reaI Wealth a..
creose frnros rho,asonoa no,ic,os +bat
4 hrins, MOO a ~ - tha cnuntrn and also
hr,n9 tho hast nanag ~ +ba world IA
cold - +bn oo,,ntrf 70 ronrosan+ +ba+
waa,+h IN namacro+,c limos not onIy
4 NOS +to 11ni+ad States b;ndar a.. from from
nrodncino weal+b hut tho hest money
- ,o-rose,,+ .,~oa1t, oo IA, nos dr,,7o,,
at ,pstood ~ ha;nr in.ri+od ~" ~ aw,na -,
- +ha % nous Grasban, Ia ~ +bat had
r,ona., dives o,,+ U ,,ood r,onov
me- danosi+s - e tha c,oorina horse
ho,,,-s - NJ, Wi oit1, ,no,oasod d,,,..
Inc, tho a;oh+ ,,on+hs end,nr Ano a
saae noo ono 90 ono ros,,1+ of +he Mo.
tboro ~ no,ner and rnono1 IN COLI
j oonad q. LOW a. ona.hoif - nor cont
4 raoan+ h;,r,a+;,, iss,,od hv +ho con.
J - +ha anorrno,,s inorooso ~ 1n5 nor
cont n +ba danosi+s ~ +bo hanlks ~
) ~ n,ho1a -,o,1+rv hotwoon 1909 and
, 100 - 80, -
No+,ono, honL no+os o,+s+and,ne
hora oIso hoon increosin, cont,nnous.
T =, eo,. now, +hon gaor ond osnac1al.
= s, s;noa Tow on Auo -1ons the
,,+.4a s,,,,. o+,oao, ho.,1 80 o,,.o,,.
) 1870, -as ST. odeAe1 ~ Ton
: 1nne :. "a .aoatad eaSs 1ea noo
: and an san+ sa5o 51eoo0
!. r,nao A,,-,st 1000 no+ionoI no ~
!. a,aa,,,. 49,. hos 49,, hiohar thor
: - 80. ,orraar na,,od prov,o,,s
{ - 49,. 49, Tho naS;n,,,ro ro,n,
: wos COCO On ooo IN 1890 ond +ha
: ,,,,,i 49, e1e7Ez1 o,A ~ 1eo1
|, Na+in,aI hanL no+o o,ro,,Io+ ,o,, 10 an,
8 n ~. sano noo nno greater +har
t - 49, 49, n q onS q e. nLo,1 -
J. ,no..aa 90 fr,.thar 49, : ~ =
t mo +o+oI denosi+s ~ cbico on an,xs
n ion san+ ord > uoro the 1eroas+ 4
f tha1r bis+oru Tho chicooo Nationa
La.,.a - as.,,oaso - 80 oon+ro1,a,,.
+ oa,, 81, s+atoneo,,+ 80 oo,,d,+,o,, ~, son+
8 q sho1,ad +o+oI donosi+s ~ sooe 57n
a Coo = s.o,,, - eooF COO eon -, Inna
8 t,,,s co. anS a. o;ns+ COCO 7o7 on
o - ~ ~ 7anf Ghioa % s+o+a hon,
+ d 40 ~ san+ were corr o5a aos
D. ~ ~ ;,st eoee 300 eaa IN 1rno IN -
IS th,s Sa.- = "a 90 oao ,ns+ so0a 7o1
o eoz ~ I,,,r o. 1910 49, s
e - = nan.s so,d a. III. e,,oac,
II 1870. ~ nan,ea.o+;a ,on,,no+1o
d eon ~ I,ras,dant. ..n,ha onrrohons;o,
d ~ ~ ~ rnarai,s n BUSINESS circle
l. 49, 49, :. nrasan+ ,,n.a+,sfao+orv ind,e
= trial conditions Of the country, seem t,
= demand a political change"
y If there were such apprehension
could deposits increase in this remark
y able way? AS matter of fact, con
. dition Of "business apprehension" vii
ID aluavs quickly no 1ollowed nv RIM
Z on banks and rapid shrinkage of de
: posts, and the very fact that depos
its are noM breaking all previous rec
ords proves the utter absurdity Of tn
Z Davis calamity argument.
+ The total increase in our volume 0
Z money during the past eight years wa
& 1S1,O14,716,561; annual increase. 1926
I 800 $40; increase for each month dul
* Ing the last eight years, $1O,569, 13C
p a. :,