Ogden Evening Standard | 1910-11-08 | Page 4 | The Stock of Money

THE STOCK OF MONEY. Tho United States treasury statement of money in the United States, received at the Standard today, is as follows: Gold coin, including bullion $1,692,759,176 Silver Dollars " 664,759.508 Subsidiary Silver 156.146,796 Treasury "Notes, 1890 3,518.000 U. S. Notes 346.C81.016 National Bank Notes 724,874,308 Total $3,488,738,804 With the population of the United States estimated at) 90,844,000, the per capita circulation is $35,01. This is fifty per cent greater than the per capita circulation ten years ago. The growth of this country is illustrated in the circulation of money. While there is now nearly three and a half billion dollars serving as a measure of value and a medium of exchange, in 1879 the money in circulation was only $816,266,721, or less than one-fourth. one-fourth. The gold in circulation on January 1, 1S79, was $96,262,850. The mines of this country in one year produce more gold than that, and the gold deposits of the world yield four times that amount. This heavy increase in gold production and this greater per capita circulation of gold m part account for the cheapening- of money, or, in other words, for the higher price of everything1 measured meas-ured in money. If this country were to drop back to the circulation of ten years ago, the price of all goods would decrease.