People's Pilot, Volume 2, Number 29, Rensselaer, Jasper County, 6 January 1893 — LOST—A LAW. [ARTICLE]

LOST—A LAW.

Doe* Any Ose-Kijow What Han Become of the Grenham Lawt The following Indicates the amount of bullion in the principal European banks last wee if ana the 7 corresponding data last year. wt Hie li—nmir BAW Of *H<RrAW» Gold. Sitotr. December *B, 1892..;...£ 2t,992,700 December 10,1891 23.881.403 SANK or FKANCB. December 8,1892 X 07,692 750 £91,038,747 December 10, 1391 53.599,000 50,222,000 I*NK or GERMANY. December 8 1892£ 82,814,000 £10,948,000 December 10, 1891...... 34,915,030 11,638,500 austhia-hungahy. December 8, 1892......£ 10,708,000 £16,810,000 December 10, 1891 5,464,000 16,679,000 NETHERLANDS. December 8,1892.£ 3,168,000 £ 7,031,000 December 10,1891....«. 8,560,000 6,849,000 BELOW M. December 8, 1892£ 3,144,000 £ 1,572,000 December 10, 1891 2,767,838 1,388,607 SPAIN. December 8, 1892£ 7,611,000 £ 5,149,000 December 10,1891...... 6,189,000 8,686,000 Total last week£149,860,450 £92,578,747 Corresp'nd'g week 1891 130,326,238 89,985,107 Week end’d Deo. 8,1892 149,909,046 92,628,580 Corresp’ad’g week 1891 129,962 837 , 89,826,888 N. B.— A pound is about 84.80 in United State* money. The peculiar thing about the foregoing table is the fact that it show* that France, which nation has more than one-half of the silver in England and Europe, has, nevertheless, managed •o increase her holdings of gold by more than double the amount than ha* been accumulated during the year by England and the rest of Europe combined. Where is the Gresham law which holds that the cheap? (silver) money must inevitably drive out the dear (gold) money? The Gresham law is a fallacy and a humbug.