In the Census Reports we find that in the last ten years. from 1880 to 1890. there was an increase of population in the United States. for the decade. of 27.26 per cent. abput 21 per cent for each of those ten years. I ask the friends of unconditional repeal. now in their hour of triumph. when they have struck down silver and consummatedhonestly. beyond question. what they conceive to be designed for the popular gooddo you propose. as you are doing. to stop the circulation of the country where it is. that there shall be no more silver. no more paper. no more gold. while the population of the country is increasing in the ratio which the Census Reports show beyond any question? By this legislationyou say to the people of the United States: "You must transact your business with the amount of currency you now have. your population may continue to increase. emigration may come in at the rate of 500.000 or 600.000 a year. to say nothing of natural increase. but your volume of money shall remain where it is." We are told by the statistician of the Treasury Department that the per capita distribution of money in this country today is $25.29 to each man. woman. and child in the United States. But what intelligent man does not know that this statement is absolutely false and misleading? While it may be upon the surface an exact statement of the per capita distribution of money. what one of my auditors does not know now that the real circulation of the country is not much more than onehalf of this amount?
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emigration