Why money is scarce

420 N o t s aJtd Comments. [J. F. I.,

granite and "black granites." Under the heading "Structure," the natureand, origin of sheets, rift, grain, flow structure, joints, headings, and faultsare considered. Dikes, veins, "knots." geodes, inclusions, and contractsare described and discussed, as well as the discoloration and decompositionof granite.

I n the economic part the various tests of gramte, the adaptation of thes tone to different uses, and the methods of granite quarrying are firs t con-sidered. An economic classification of Maine granites based upon visualcharacteristics is next given, and then follow the descriptions of the quar-ries and the i r products, the m a t t e r here being arranged by counties in al-phabetic order . These descriptions follow a uni form method, t a k i n g up insuccession (I) the name and location of quarry, name and address of opera-tor and superintendent; (2) the granite, including its description in therough and under the microscope, together with the results of any tests andanalysis; (3) the quarry, its dimensions, drainage, and water supply; (4) thestrippiug and rock st ructure ; (5) the plant, including an enumeration of all,machines and pneumatic tools, to show its capacity; (6) the m e a n s of trans-portation; (7) labor , both of men and a~:imals: (8) product, its uses andmarket, t oge the r with the names and location of buildings or monumentscontaining the stone.

At the end of the repor t is a bibliography on the economic geology ofgranite and a glossary of such scientific terms as were unavoidably usedand also of curre~:t quarry terms. The repor t includes fourteen plates il-lustrating various features of scientific o r economic interest in the quar-ries or the i r product and forty-one text figures. Most of these text figures:are diagrams showing the course of joints, headings, and dikes at the quar-ries, but others illustrate "rift," sheet structure. "sap," or the use of ex-plosives, o r show the location of individual quarries at the industrial cen-ters . The situation of these centers is indicated by symbols on the geologi-cal map.

WHY M O N E Y IS SCARCE.

Many theories are advanced as to the principal causes of the scarcity 0ifunds that has existed for a long time, says the Wall Street Summary,A banker in this city, who has made a close study of the question, and whohas been extremely conservative for many months, principally because 0[the monetary situation, says that he believes that a large amoun t of anoneyia in the hands of laborers, artisans and others whose wages have beenvery materially increased within recent years. He believes that people 0 [this class are carrying about a much larger amoun t of m o n e y than everBefore. Others , who hold this same theory, point t o the fact that thellewly-arri-ved foreign element is receiving much higher wages than wasever paid to that class of people unt i l a few years ago, and that many 0[them hardly know what a savings bank is, and consequently are simplyhoard ing the i r savings. I t is believed that this situation is a very import-ant factor in the m o n e y market.--Iron ,4ge.