Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-08-07
Output Continues Without In
terruption, But Supply Is
Not Equal to Demand
COUNTRY ADVANCING RAPIDLY
Only Decrease Noted in Commercial
Figures Occurred During Second
Cleveland Administration, While the
Panic Was Under Way-Unrest In
+, Great Britain Money Demand is
Growing.

Washington. Aug. 7.-Treasury ex-
perts have discovered that the per
capita circulation of money in the
United States Is $50. and that the per
capita of small coins-quarters, dimes,
mic els and pennies-is rapidly in
crt asing. The output of metal money
continues without interruption at all
the mints, and still the supply is not
equal to the demand.
Recently it was announced that there
was almost a shortage of dimes, and
Immediately it was supposed that
somebody was boarding these small
silver pieces with view to cornering
the supply. But this is not the case.
The legitimate demands of business in
created this shortage.
A brief statement of the activity of
the Philadelphia mint alone will show
something of the increase in number
of small coins. During the first Cleve-
land administration this mint coined
254,065,293 subsidiary pieces, during
the Harrison administration 35S,6607 2o
pieces, during the second Cleveland
administration 23S,011,174 pieces, -
ing the Mckinley administration 540,S-
497, 141 pieces, and thus far during the
Roosevelt administration S02,OOO,0O0
pieces.
The continued scarcity Of these coins
In the face of the figures just quoted,
tells most convincingly that the coun-
try is advancing commercially and in
dustrially by leaps and bounds. The
only decrease noted in the figures
quoted occurred during the second
Cleveland administration, while the
panic was under way.
There Isl another way of throwing
light on the prosperous condition of the
country. using again the figures of
business done at the Philadelphia
mint. OF the $50, 100000 in silver quar-
tiers coined at all tho minis of the
country since 1892. the date when the
first mint was established. the mint at
Philadelphia has coined $9.500.00O dur
ing the Roosevelt administration. or
the. $50,000,000 in dimes coined since
1872, the Philadelphia mint has coined
$S,000,000 during the Roosevelt admin
istration. OF the $27,000.000 in nickels
coined since 1892, the Philadelphia
mint has coined $7,000,000 during the
Roosevelt administration. OF the SIS
0N0. 900 in pennies coined since 1892. the,
Philadelphia mint has coined s4,00O,-
600 during the Roosevelt administra-
ton.
Il The situation of uneXampled pros
perity here referred to is the founda
At~,, 10 y, .,f,, a 1J1 In, I,
republican party. That element oppos-
% any change in economic conditions
while business continues to go for
ward at so wonderful a rate. They
say ''let well enough alone" and in
this cry they are supported by the
money interests generally, which do
not know but tariff revision might
induce a general stacking Of business
and consequent decline of prosperi-
ty. They point out that it is the rule
In this country for tariff revision to
be followed by hard times, and while
certain schedules of the present tariff
law cannot be defended, that law as
whole Is defended and in such way
as shows that the republican leaders
rs body are determined that nothing
shall be done, at least for the present.
While the United States is thus ex
periencing degree Of prosperity I'M
ique In the history of nations, some
other parts of the world are not so
fortunate. Strikes, for instance, are
steadily increasing in Germany, in
number and importance. Statistics
show that for the years 1899 to 1908.
both inclusive, there were 1922 strikes;
during 1904 1870, and during 1905, q
057. OF greater significance is the
number of lockouts, AZ for the years
first mentioned, 40 in 1904, and 200 in
1905. The cost of living is greatly in
creased, and there is scarcity Of
many essential articles of food. The
condition of general unrest in the Ger
man empire has not for years been so
great as at present, and it is believed
that the figures for 1906, when ascer-
tanned, will show that the general
movement is being steadily accent
uated.
In Great Britain the social and
economic unrest has for several years
given point to the movement inaugu-
rated by Joseph Chamberlain for a
tariff. British workmen are dissatis-
fled, their wages are not sufficient to
meet the increased cost of living and
much discomfort and actual suffering
prevails over wide part Of the coun-.
try.
Money Demand Grows.
Never has there been as great a
demand in any country of the world
for money for legitimate business OPP
erations as there is in the United
States at this moment. and has been
for several years past, and that de-
mand accounts for the anxiety of the
great banking houses for more elas-
tic currency. 1t accounts for the bills
now pending in congress to provide for
this elasticity and for the recommen-
dations which President Roosevelt has
repeatedly made in his messages. That
something will be done at the short
session next winter is very generally
believed. else our very prosperity may
bring about money stringency and
business paralysis.
PORTABLE WIRELESS FOR ARMY