The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-15
CENTRAL AMERICAN NEWS.
THE NICARAGUAN CANAL COMPANY
EXPLORATION MOVEMENTS.
The Greenback Currency Question IL
Peru Reaches an Alarming State
There Is No Silver in the Coun
try.

PANAMA, Jan. 14.-Alr. Allen, assistant
track and traffic manager OF the Panama
railroad, has arranged police escort for
every train which crosses the isthmus.
The Costa Rica Official Gd;(tte published
the following on December Is:
1.-THE Nicaragua Intcroceanic Canal
company has addressed itself to the Costa
Rican minister at Washington for the pur-
pose Of treating with him respecting the
canal, and to obtain from our government
through him the permission which is
necessary in order to carry on explorations
in territory belonging to this republic.
COSTA Rica, which has always jealousy
guarded its just rights, will continue to 10
so. At the same time II will raise no OBJ
stacles in the way of the construction of
the canal, in which the trade Of the world
is interested. Consequently our govern
ment has cheerfully granted the request of
the company, and has empowered il to ex-
plore and effect surveys in any part OF our
territory IL may desire"
The greenback question in Lima, Peru,
has reached an alarming stage. There is
no confidence in the paper being bought
up, and there is no silver in the country.
Therefore matters are in bad plight.
A letter dated Calao, December IL, says:
Intense excitement has reigned in Lima
and Callao owing to the paper currency
continuing to decrease in value. Dsor-
des have resulted in the market places
and the streets, and regular panic occur
red"
Ecuador is medtating the seizure of the
northern part OF Peru. Peruvians who
reside there, il is said, would be pleased
TO change their nationality.
A Lima letter says: '"rhe market places
and provision shops are scenes OF the most
painful events. We have seen women
trying TO buy food with 10 and 20 sole
notes, and no one would receive them in
payment. The streets had 10 be patrolled
in Lima, and strong squads OF soldiers sta
toned IN the markets, to prevent the peo-
pie attempting acts OF violence against
those who refused TO sell for paper money.
A meeting in reference to the notes was
held in the main square December IA.
Pickets OF armed police were stationed at
the four corners OF the square. One Of
these pickets was molested by some BOYS
and some drunken men. The police, who
finally became enraged, fired and wounded
several boys. Among the various incl
dents of the trouble was the appearance Of
number OF people in front Of the house
OF Mr.. Sgismaund Jacobs, an extensive
money dealer. Stones were thrown at tho
windows and balconies OF his residence,
but patrol soon appeared and drove the
rioters of. On December 10 there was not
a single money changer or business house
in Lima selling silver soles for paper
money.
"Whcre a crowd formed around the
palace, President Cacercs spoke from one
OF the balconies, and assured all present
that the government was doing everything
possible TO remove the causes Of alarm and
re-establish confidence.
."In Ascope, in the north OF Peru,
trouble was feared. as the business houses
all refused 10 sell for paper currency. In
Trujillo almost all the retail stores are closed,
and the bakers have stopped baking, be-
cause the holders OF -four will only sell for
silver dollars, while the bakers only hold
notes. At the meat market In Lima there
are 800 stalls. OF this number !, 800 were
closed on December 10. The steeples OF
the churches were occupied by pickets TO
prevent the rioters making a call TO arms
with the bells, and all liquor shops and ho-
tells were closed by the police. The banks
were also closed.
Disorders have occurred al Huant
Cavelica, and the acting project, Senior
Apolinario Zuniga, and the treasurer, Senior
lsidro Sanchez, have been murdered.