Democratic Sentinel, Volume 20, Number 10, Rensselaer, Jasper County, 13 March 1896 — Money in Circulation. [ARTICLE]

Money in Circulation.

The Logansport Pharos poin 4 s out that Franoe, which is referred to as having the most perfect system of bimetalism, has in oiroulation nearly two dollars of gold to one ot silver. Her stock of gold is $850,000,000; of silver, $487,900,000. But Franoe has but 632,100,000 of redemable paper money in circulation. TLe stook of gold in the United States is $618,100,000; of silvsp, $625,600,000. But the United States has $416,700,000 of redeemable paper money. It w ill be Sv en that the French and American systems are very much alike. These exceptions may be noted, however. France has enough gold to redeem|both her paper and her Bilver money.— France has outstanding only $32, > 100,000 promises to pay in the form of paper money. The United States has $416,700,000 of these promises outstanding. The per capita eiroulatkm of money in France is $35.77. In the United States it is $28.59. In| Franoe $22.19 of the per capita circulation is in gold, $12.94 in silver and 84 oents only in paper. In the Unit ed States the gold per capita in circulation is sf*.7B, silver, $8.89, and paper, $6.92. Judging by the experience of France, it would be wise on the pait of the United States to increase the stock of gold and silver money and reduce the quantity of paper money. France has the largest stock of gold money of any nation on earth. Germany has next. The United States has $7,000,000 less gold than Germany, and $38,000,000 more than England. France has $232,000,000 more gold money than the United States, and 6138,000,000 less silver. China and India are two nations that have no gold money in circulation. The per capita circulation in China is $2.08; in India, $3.33, China has $750,000,000,000 of silver money in circulation, but has no gold or paper money India has $950,000,000 in silver money, no gold, and $37,000,000 paper money. There are but four nations that have a larger circulation of money per capita than the United States. They are France, Belgium, the Netherlands and Australia. The per capita circulation in Australia is $25.96, of which 624.47 is gold and $1.49 is silver.

There are but two countries in the world that have more silver money than the United States.— These are China and India. In* dia has $950,000,000 of silver money, Chin.* $750,000,000 and the Ca'ted States $625, 600,000. But the silver money of the Chinese and the Mexicans will buy but half the quantity of goods that the silver of the* - French will buy. France has more silver in. circula* capita than any country that has free silver coinge and she likewise has nearly two dollars in gold fo r every one of silver in circulation. This condition is the rock of s a fety in her monetary system