People's Pilot, Volume 4, Number 31, Rensselaer, Jasper County, 19 January 1895 — DON’T MISUNDERSTAND. [ARTICLE]

DON’T MISUNDERSTAND.

There Was a Decrease of Gold in This Country During the Year. The coinage of nearly one hundred j million dollars of gold during the last year should be understood. Gold is | exported in our coin and imjported in the coins of other countries. Suppose we export £50,000,000 and imjrort $50,000,000. There is a coinage of $50,000,000, but no increase of gold. Then there was gold coin used in the arts that will offset a portion of the year’s coinage. Gold coins used in the arts (making watch cases, jewelry, gold leaf, etc.) last j-ear amounted to ovei

$1,000,000 according to the tstatement of Mr. Preston, the director of the , mint The facts are that there was I sent out of this country during the last fiscal year (ending Jhily 1, ’94) $4,172,005 more cold than was sent here from foreign countries. (See report of director of the There was produced in our mines $35,955,000 in gold during thear of 1893 (year ending Jan 1, 1894.) And the rfce of gold (coin and bullion) in the anits for the same time amounted to sl2/>21,528. In the last eighteen monUlts it can be safely said there has been *o net increase of gold in this but on the contrary there has been a decrease 8o that when the director of the mint says that the gold coinage during the last fiscal year ($99,474,905) was the largest ever executed at the mints in Ihis country in a year, it should be understood that such fact lias no significance whatever so far as It relates to the volume of gold iu this country. —Missouri World.