People's Pilot, Volume 4, Number 30, Rensselaer, Jasper County, 12 January 1895 — DON’T MISUNDERSTAND. [ARTICLE]

DON’T MISUNDERSTAND.

There Wm a Decreaiin of Gold In Tkl> Country During the Year. The coinage of nearly one hundred million dollars of gold during the las year should be understood. Gold itexported in our coin and imported ir the coins of other countries. Suppost we export $50,000,000 and import SSO. 000,000. There is a coinage of $50,000. 000, but no increase of gold. Then tiiere was gold coin used in the art? that will offset a portion of the year'coinage. Gold coins used in the art. (making watch cases, jewelry, gol«' 1 as, eto.) last year to ovei tv1,000,000 according to the statemen of Mr. Preston, the direclor of th« aint The facts are ihat there wn--ent out of this country during th l ist fiscal year (ending July J, '94 4,172,(565 more gold than was sent here from foreign countries, (bee re 'ort of director of the mint) Then was produced in our mines $:»5,»55,00i in gold during thear of I 896 (year ending Jan 1, 1804.) And the use of goln (coin and bullion) in the arts for the same time amounted to $12,521,528. In the last eighteen months it can be safely said there has been no net in crease of gold in this country, but or the contrary there has be. n a decrease So that when the director of the mint says that the gold coinage during the last fiscal year ($99,474,912) was the largest ever executed at the mints in .his country in a year, it should bt understood that such fact lias no significance whatever so far as it relates to the volume of gold in this country. —Missouri World.