The New York Herald and a number of other prominent journals recently came out editorially advocating *hat the Item has long maintained. namely. that an issue of legal tenders has become Imperative. that what the country wants is more cash. and not more Government bonds. The Government reiterates that it has increased its circulation of casl from $23 to $33 per capita. round numbers. during the past ten years. But no calculation is made of all the gold that bas gone out of tills country for steamship freights and l y way of emigrants sending and carrying it home during the past forty years. nor of the paper money burned up or destroyed in that time. nor many other ways well known to bankers by which money disappears from public use. So sonic estimate that today we only have from $11 to $16 per capita in circulation. Nobody knows what the sum is.
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emigrants