AGRICULTURAL ORGANIZATIONS. 



be easily obtained. If it was desirable to know how much had 

 been fed to the stock or consumed by the family, it would be 

 hardly fair to ascertain what remained in the crib or barrel, and 

 assume that the difference had been used by the stock or family, 

 especially when more or less had been loaned or sold to others. 

 Just so with the government ; it manufactures under fiat of law 

 certain amounts of money, and when asked to give that portion 

 which is circulating among the people, it subtracts the amount 

 on hand from the quantity manufactured, and declares the differ- 

 ence to be in circulation. The plain fact is either overlooked or 

 ignored, that certain stringent laws are on the statute books, 

 which specifically demand that certain other portions of this cur- 

 rency shall be locked up and held as reserves, and consequently 

 not in any sense in circulation ; that other portions have been 

 lost, destroyed, sent out of the country, or used for other pur- 

 poses. When proper deductions are made to conform to the law, 

 and reasonable allowances given for other factors which conspire 

 to reduce the amount, the following table, with a brief explana- 

 tion, will be found substantially correct : 



Circulation Per Capita. 



