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Story
August 10, 1895
The Bottineau Courant
Bottineau, Bottineau County, North Dakota
What is this article about?
A 1895 newspaper article highlights China's abundant 'cash' copper coins as primary money, estimating 250 billion pieces in circulation, equating to 600 units per person, potentially promoting prosperity amid free silver debates.
Clipping
OCR Quality
98%
Excellent
Full Text
BOTTINEAU, N. D.
SATURDAY, AUGUST 10, 1895.
CHINA has a supply of "primary money," known as "cash," which should delight the free silverites and "more money" men. Just how much it is nobody knows to a certainty, unless it is some Chinese official who knows how to keep a secret. The Chicago Chronicle claims the authority of a distinguished sinologue for the statement that enough "cash" to equal a Mexican dollar in value weighs not less than eight pounds avoirdupois. If you may suppose that this "money of the common people" is equal in value in the aggregate to the estimated amount of silver in the empire above given, there must be something like 5,000,000,000 pounds of copper cash in circulation, or, say, 250,000,000,000 cash. That would give, perhaps, 600 "units of value," on the average, to each man, woman and child in the empire—and should certainly promote prosperity—if an abundant and cheap money will do it.
SATURDAY, AUGUST 10, 1895.
CHINA has a supply of "primary money," known as "cash," which should delight the free silverites and "more money" men. Just how much it is nobody knows to a certainty, unless it is some Chinese official who knows how to keep a secret. The Chicago Chronicle claims the authority of a distinguished sinologue for the statement that enough "cash" to equal a Mexican dollar in value weighs not less than eight pounds avoirdupois. If you may suppose that this "money of the common people" is equal in value in the aggregate to the estimated amount of silver in the empire above given, there must be something like 5,000,000,000 pounds of copper cash in circulation, or, say, 250,000,000,000 cash. That would give, perhaps, 600 "units of value," on the average, to each man, woman and child in the empire—and should certainly promote prosperity—if an abundant and cheap money will do it.
What sub-type of article is it?
Curiosity
What keywords are associated?
Chinese Cash
Copper Coins
Free Silver
Economic Prosperity
Currency Circulation
Where did it happen?
China
Story Details
Location
China
Event Date
1895
Story Details
China's vast copper 'cash' coins estimated at 250 billion pieces, weighing 5 billion pounds, providing 600 units per person and potentially fostering prosperity if abundant cheap money works.