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Plenty Of Money

Plenty Of Money image
Parent Issue
Day
30
Month
August
Year
1878
Copyright
Public Domain
OCR Text

mcmey - "absolute money " - allege that money is sc'Rrce, nml that this is what is the matter. Oa the other hand, money wao unver picntier for all who havo anytbing to buy it with ov put up au seonrity íojc it. iuterest wa3 never lower iu tlio history of the country. The Chicago Trioune showe that the amount of iBcraey "in ftight " in this country - that is, the amount accessible and available for business- is: Gixcnlar:k8 $3)7,rO1,noo Bauh-lir.tcs 324,O0O,OCO Vraciioual curroucy 16,SCU,(KO Snbatdfatv eüvzr, ol! 8,000,000 Sw flili" 40,000,000 N. w allver dollars SJM0 om) Go'.dcc. J ((Oíd in uao 80,000,010 Xo'ul 820,50J,()0 ■ Tribune shows that thia is enough ba i.iy the salaries and wages of all cmployes fiftpen times over. Of this whole amoant, not more than $160,000,000, or one-ül'th, is in actual circulatiou. ïhe Greenbackers -fl-ant greenbncksi. Bnt how are they going to get Uold of gïeenbacks vhen greenbacks are "absolute money," íí thoy cannot get hold of tb(-m now?

Article

Subjects
Old News
Michigan Argus