The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-06
Q q 3 A..
Financial DEGREES for tho Relief Of the
Economic Condition Of the Island.
The Supply Of Gold and Gold ImporS-Important
DEGREES BY the Exscutivs-spanish Account
Of the Insurgent Raid Into Nuevitss-
Colonial Government and Herald
Special Reports-Slavs Trade
and Landings Of Slaves


and Landings Of Slaves
HAVANA August so. 1874
The Acting lntendente General, Senior Crespo
sQuintana, who has had q long and varied expe-
rience In public life in Cuba, has signalized his
entry into the highest finance ofice in this
island By the production OF two DEGREES. which are
intended to alleviate the economic condition and
financial situation OF the island and bring about a
reduction OF the nigh rate ON gold and return to
specie payments. Both are dated August 20. The
rst authorizes the Tree circulation at its intrinsic
value, OF gold coin Of the South American Repub
lies, and the impoI tatlOn OF United States gold,
free OF duty while gold exported is to be charged
still further duty OF I'VE per cent that at pres
-ent marked BY the tarr.
THE PREAMBLE
OF this degree Is to the eect that considering the
economical crisis which at present compromises
all the permanent interests of this territory,
urgently demands some kind OF measure for its
ameloratiOn, however partial 1t may be, and pre-
paratory to the definite resolution Of the competent
Legislative authority, and considering that the
character OF the crisis does not determine gen.
'eral nature, weighing heavily upon the wealth Of
the province, but complexities and makes circula-
ton dn1cult by reason Of the circumstances which
u but monetary and its deplorabe con-
sequences consistin the withdrawal OF gold-the
only monetary unit-from circulation in some de-
,partments IN the island while in others it freely
ctrculates and abounds with discredit and depre-
citation to the paper circulating medium. Consd-
erlng that, for certain reasons, quantity Of gold
has been exported, which Is indispensable to
attend to the necessities of the circulation and
public expenses, and taking into account the I'm
possibility Of importing Spanish gold, which has
been IN large quantities exported into France and
destined to cover the German indemnity, and con-
sidering that lawful money generally abounds in
excess to the wants OF its consumption among
the American republics; and considering that the
modern concert OF Nations the progress Of interna-
tonal law has obliterated past animosities uniting
peoples In the closest relations OF friendship and
reciprocal aid to carry out the work Of civilization
by iraternal bonds OF union, and considering that
1t Is necessary TO replace in this market the
scarcity OF gold for the requirements OF the gov
ernment, and to regulate the unequal and
anomalous situation produced by the almost total
disappearance OF gold in some departments and
the depreciation OF the circulating currency in
Others thereby encouraging speculation and
bringing on grave and serious dangers, the Acting
intendente has issued the said decree. The nrst
article authorizes the circulation OF gold OF the
and the same representative" value as the
Sp anish coin (por su palor t,lrtnsica oue tenoa
"a mts'na Iev que u moneda Espaaola). THIS fore.
going decree is not sufficiently explicit; the
spanish ounce. or commonly called douboon In
tue United states, Is worth SIC in spain and SIT In
derstood that the South American ounces are to to
circulate az their value In the South American
hepuDiics or whether they are to circulate at the
Article second authorizes tho free Importation
OF American UNITED States gold; article third ex.
ton OF gold coin, and article fourth states thai the
lntendency treasury will exact the strctest and
The second OF the before mentioned DEGREES states
that as gold ta the only recognized monetary unit
although circumstances OF the economic crisis have
caused 1t almost entirely to disappear from ctrcu
tatou, and that as the treasury Is obliged to pay
part Of IFS obligations N specie, and that 1t Is the
the reappearance Of gold and TO equallze It's con-
dtton in all the markets OF the island and as the
most ready and least violent means, although in
itself inadequate in the necessary proportion to
provide pecuniary resources for the economic adj
.%inistraton, the lottery receipts can be utilized
and thereafter. all the proceeds from sales OF the
lottery tickets shall he collected. hall in gold and
hall " paper money. and the government will pay
Oil sums resulting as prizes after drawing In the
same manner.
BULLETINS FRox THE FIELDS OF BATTLE.
The accounts given by the Spanish Journals
touching" the recent raid OF the Insurgents INTO
Nuexttas are all moulded in the same form and uni.
~
f0llOwS:-
Leers received from Nuevtas givo the particulars Of
3 sas on ss s @
oonss entered me town a two different points a. half
asy 'SS: s ss
ssso'ss ), ne os s
Ne sSss ss ''ss Ar ss It
sschsd The rebels sOd SSe e
sstsek ne 1SyernSrs house but did not dare 70 re
=: s' Il in{ i%.
Sd ioanS Snsr%ed Ia II. sIeo
However the enemy was In short time repulsed BY the
% q. q
wounded. according 70 reliable accounts
SPECIAL herald REPORT.
one puts any faitn In the foregoing ridiculous
correspondent in previous letter, is July con.
nrmoo. the insurgents, under the command of
General Maxine Gomez, had their own way gen.
aer0lly and Oil reliable accounts perfectly agree
that they behaved In the most systematic and or.
derry manner, moiesttnG none Of the private
to spaniards, but without committing any VIC.
lenoe or msdeeds " hatever upon the inmates.
asd rsss usoS,o noksH ~as the Whole
Yrtbas Brothers, from which the insurgents car
RED on large supplies and the safe containing
Gers commanding the insurgents continually
charged their men 70 forbear and behave well.
mosss no house. one Sus sste
rom the stores ali you can carry" &c.
the Insurgents tep, possession Of the town for
over three hours, and shortly after daylight their
bugles sounded the retreat and leaving on their
WORK Of sacking the stores they Tell into groups
and retired IN the best possible order with large
booty. 4 Spanish gentleman from Nuevttas, in
conversation with your correspondent ct the
Louvre yesterday evening. though unable 70 fur.
nieh further details than such as are already gwen
said that the insurgents left the city when they
got ready, made les dVe que se Nterean mo one
tolo them to leave). Upon asking n ne pre-.
sumed that the insurgents would have left II told
70 oe 20. ne replied with smile, saying. ~ mean
no one compelled them to leave"
Accounts from all parts Of the insurrecttonary
districts pcrtinently show that the rebellion
despite the reports OF the Havana press to the
SSo eo Tar from being yet suppressed and