Show THE SCARCITY bhim ithe united and also eng byj puff enog in com ra orcal circles atom a scarcity of amonoy lu this country thoi bohey arli othas not baen so close for years as at the present time the real situation burst upon wall about three weeks ago ako a blasting sirocco en the fair land or sunny italy and dried up seemingly tho circulating specie of the money market from here the evil spread and now the west 13 suffering utah the land where thousands nay millions of dollars are annually dug from the mountains has not for years seen tighter times in the way of specie than at present our banks are an close ran for money and this condition of at fairs exists mark you where emeral prosperity otherwise reigns farmers have filled barn and sleek cattle our machine shops and factories are crowded with orders builders and contractors are busy in short general prosperity reins bat how bard it is to make collections 13 atia common cry with one but with all go to a firm with a bill and they will tell you yes wo will pay as soon as we can make collections they have plenty of outstanding accounts that are as good as the bank bat to tell the simple truth the money is not in the community now this is not drawing the picture in too glowing colors it is telling the plain truth about our financial situation at present bare in utah ask any business man and ha will the the truth of what the ENQUIRES tells you well what causes this scarcity of the circulating medium in the united states you may ask ah that is the question many have tried to solve the problem and various eions have bean given somo claim england is mainly responsible she having the strings of the american parse and can open and close it at her disposal in other words that E ng liah banks hold so many american securities that when they begin to call them in to meet emergencies on the other side of the pond this country suffers claim the of silver has done it all hold diametrically opposite views andio it stands one thing is certain however and that is that tho amount of in circulation ie large enough in the united states by specie we mean of course tho standard medium of circulation cu used by other nations paper does no count unless gold or silver is at the back of it the circulating medium now in the united states will average only about 23 per capita aad as on an average a person ia this connary spends three hundred dollars a year to live you can realize that money must circulate very rapidly in order to give all a chance another example might bo given watch for one month the bank clearances of the country which is supposed to give a pretty correct idea of the amount of money in circulation and compare this with the volume of of the country carried on in the same length of time and you will be astonished that so much trade can be accomplished with so little money all of this convinces us that the circulating medium ia not large enough we need more money in the united states to carry on commercial interests just the same as a man at a threshing machine needs two measures to measure the golden stream of wheat that constantly pours out we therefore favor the free coinage of silver which will tend to increase the volume of our national circulating medium |