Democratic Sentinel, Volume 19, Number 13, Rensselaer, Jasper County, 5 April 1895 — The World's Money. [ARTICLE]
The World's Money.
It is interesting to know that while the United States is one of the richest countries in the world, its stock of gold and silver money is not by any means so large as that of France, which has more metallic money than any other nation. The gold coins of the world are equal in value to $3,582,605,000, and the silver coins to $1,012,700,000, while the paper money has a face value of $2,685,873,000. jOf this vast amount France has $800,000,000 worth of gold and $700,000,000 worth of silver; the United States $601,000,000 worth of gold and $615,000,000 worth of silver, and Great Britain $550,000,000 of gold and $100,000,000 of silver. Germany has $600,000,000 worth of gold coin and $211,000,000 worth of silver, while Russia, with a much larger population, has $50,000,000 worth of gold and $60,000,000 worth of silver coin. She has, however, $500,000,000 worth of paper money, while South America keeps in circulation $600,000,000 worth; the United States, $112,000,000; Austria, $260,000.000; Italy, $163,000,000; Germany, $107,000,000; France, $81,000,000, and Great Britain, $50,000,000. If the gold coins of the United States were divided into equal shares each person would have about $9. Foliowing the same plan, every Englishman, woman and child would have about $14.50, every German about sl2, every Russian about $2.25, and every Frenchman about S2O.
The ratio for all kinds of money would still leave the Frenchman the richest man in the world, for if all the gold, silver and paper money in France were shared equally he would have $40.50, while the citizen of the United States would have $24.50, the residents of Austria, Belgium and Holland a little more, the Englishman $13.50 and the Russian only s7.l6. —[Chicago Record.
