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Hoarded Wealth

Hoarded Wealth image
Parent Issue
Day
20
Month
April
Year
1877
Copyright
Public Domain
OCR Text

The Bank of Franco bas had in its vanlts luring the past year the largest Rum of gold and silver money, prolmbly, that was ever oolleoted in one place. It exceeded at times 2,200,000,000 francs, or $440,000,000. ïhis wonld be more than enough to redeem every greenbivck and evory piecc ol i'ractional currency in this country, and U-ave n balance of $50,000,000 alter om paper moucy dolit had beri wiped out. Bnt perhups the vastness of thesum wil 1)0 better undertstood if we say that, il it were all gold coin, it would wèijgli more than 312,900 pounds, avoirdnpois, or iban 15; t.ma. As a matter of fact, about onè-thifd Of moiiey is ulver. A French silver li Crane pieoe -ffpigh? flfteen and oneliiill' times as unieh as a gold pteoe ei tha ame valué. So it fnllows thnt theweijïM ■■ tlih I nink vaulta bns oeeem 1,825,000 ppiiudh, pi more than ;!!(■:!-

Article

Subjects
Old News
Michigan Argus