Show currency circulation the administration seems determined to make a showing in favor of gold a by an increased currency circulation it appears from recent treasury statistics that there is a steady increase in currency there wa it appears a net in creaso in circulation daring the month of may of the most notable item among de creasea waa one of in treasury of 1890 and the next in importance an increase of 1662 in silver certificate the other decrease were of in standard silver dollars in united states note aid in gold certificates the most barksd increase was one jf 10 iu currency certificates there were also increase of in national bank notee in gold coin and in subsidiary dilver there is a difference between currency and money A mans individual check may pas current in commerce but its ultimate redemption must be in money uncle hams cur rency notes are of the same nature they are on the credit of the government and back of them mut be gold fur their redemption what good are the silver certificates when they are based on a gold basis of re it simply makes gold tha money of our country and all currency and commercial prices of tha country ia measured by it there is not gold enough in this country to pay more than a email per cent of the indebtedness which calls for gold and were it not for our credit currency the gold could not begin to do the business of the coun kiy yet the administration will make the showing when bi aay we need more money of ultimate redemption aby the country never had as much currency in circulation as at present they will seek to confute the common people with currency and money it is wonderful how large a per coat of the business of the country is done by a credit currency bank and checks do the greater amount of trade in all our trade cen tea te a very little actual gold ia exchanged the science of banking has produced chepp charges and and only balances now require actual transfer of money ane private currence or bank checks has wrought this change but back of them must be the good hard money of the realm back ot the government currency must be gold and the currency may be inflated until we have just such results as followed tha increased currency during the civil war government currency is only a promise to pay the same as individual checks |