Rensselaer Union, Volume 10, Number 38, Rensselaer, Jasper County, 6 June 1878 — The Volume of Currency. [ARTICLE]

The Volume of Currency.

As the state convi mbn bf the Nationals to-day uiirprcbably dfektro that, tho herd times are due ton osutroclion of the cuvrency, we call iis attention to the fact that the vqlunie of cuj-n-ncy in eirctihuion, ins eluding coin and paper, is actually greiter now than it was in 1878, So far from having been contra-tcd-. Hie g<#vernmcnt currency has been increased since the ye»r of tb« panic. Tho treasury: *lulcincnt of A.’.t. 8 UO, 1878, preceding the panic, nliowwl tlie amount of United States currency of qll kinds .'including factional currency) out- 1 Standing, .w a* the atjMea:e(»4for Apgit t’o, IU7S, shotis the Uuitt'd S'r i, • cuirocey outstsin'ding to be f VtyOfht'f hut Usides this there is an r.etnat cii'etiVai on of $42 WIO.LOO of sßver,’ of vVhieh sEß,Bo2jJt!t) isjutiiiidiary coin. Thi*tu*kc* •he present volume of-government uoiney iu eirculntiuii now ahimt ti'Whi.OOtt/HyO s against only $401,527,207 in JB»B,*hwwisyL a slight expansion instead of onigacwon. Before adopt ing n rcsoluiion douumjqjpg oonlruotiun or attributing the hard times to this cause we trust the convention w ill consider the foregoing statement of fact and endeavor to explain or answer it. — Indiq)ir (i/ialis Journal.