The property of the United States in
the last ten years has increased more than
two hundred times faster than coin. From
1850 to 1860 the real increase of proper
ty in the United States was $8,925,382,-
011, while the specie increase for the same
time was $34,893,390. There are twen-”
ty jiine Stlftes in each of which the proper
ty has increased faster than the coin of the
whole United States. There are more
than twenty States in each of which the
property has increased faster than the coin
of the whole world. In Ohio alone, the
increase of property has been almost $700,-
000,000, nearly twenty times faster than
the coin of the United States. In Illi
nois, about twenty-one times faster.
And with us, as a nation, it cannot be
one two-hundredth part of the basis of our
money, if our property is sufficiently rep
resented. It would take ten times as much
coin as there is in the world, to buy the
property, at a fair valuation, that has been
created in the Northwestern States alone,
Jn the last twenty-five years.
Many have supposed that the large
quantities of gold dug from our tnia>s
would make gold supdr-abundant. But
the fact is, all the gold dag from the mines
in California cannot any more than rep
resent California’s own increasing wealth.
And this is the great fact we must look
in the face. We are creating property in
a constantly accelerating ratio over our in
crease of coin.
