The National tribune. [volume] (Washington, D.C.) 1877-1917, 1889-12-19

which are redeemable in gold. Then we have
silver notes, which are as good as gold in this
country, but not outside of it, since they only
call for silver dollars.
The Canadian system is based upon tho gold
dollar, and is in fair harmony with ours, so that
there will be no trouble there
The Argentine Republic has gold, silver and
paper. Her gold dollar is worth 965 cents;
her silver dollar, or peso, about 20 cents, and
her paper money is much deprecated.
Bolivia has a silver standard, and her peso of
100 centesima is worth about GO cents.
Brazil has a gold standard-the miIreis-
which is worth 54.6 cents. She has greatly
deprecated paper currency, which has driven
out tho gold and silver coinage.
Chill has the double standard; her gold peso
-nominaly Sis worth 91.2 cents; the silver
peso is worth about 60 cents.
Colombia has a silver standard. Her peso, of
100 centavas, is worth GO cents.
Ecuador has a silver standard. and the sucre
which represents dollar, is worth 60 cents.
Guatemala has silver standard. Her pias-
tor. of 100 centavas. is worth 68 cents.
Haiti has the double standard. Her gold
plaster is worth 96.5 cents and the silver one
about 20 cents.
Honduras has silver standard-the peso,
worth So cents
Mexico has a silver Standard peso dollar,
worth 73.9 Her gold dollar is worth 93.3 cents.
Nicarauga has silver Standard peso, worth
GO cents.
Paraguay has silver peso, worth about 50
cents, and vast quantity of deprecated paper
currency.
Peru has a silver standard-the sol, Of 100
centesimos-worth SO cents.
Salvador has a silver dollar of 100 centsvas,
worth IS cents.
Uruguay has the silver peso. worth So cents.
Venezuela has a silver standard-the bolivar,
worth 1876 cents.
The difficulty will be seen at once of finding
in this diversity of standards any one which,
by being multiple or divisor Of most Of the
others, can be used rs a unit for all to arrange
their coinage by. 1t will be observed that the
greater number Of the countries have as a unit
silver dollar, running in intrinsic value from
4 cents below to l cent above our silver dollar,
and it is most likely that some modification of
this coin may be adopted. strong effort will
be made TO adopt our gold dollar, but this will
DO resisted, not only by our own bi-mctallists,
but by most of the Spanish represent
atiyes, who, as a rule, are strongly in favor Of
single standard Of silver. or of using both
metals.
Our silver dollar would seem to be best fitted
for adoption as unit, since it would require
only slight lessening of the value Of the Next
can dollar, and raising of those Of the
Argentine Republic, Bolivia. Chilli, Colombia,
Ecuador. Guatemala. Haiti, Honduras, Mica
rausa, Paraguay, Peru, Sal yador and Uruguay,
to make the standard uniform. Venezuela
could bring herself into line by slight in
crease in the weight of the iye-bolivar piece
The main trouble would be with Brazil, whose
monetary system would be difficult to harmon
ize. Her rei-or ree-whCh she inherited
from Portugal, is a very uncertain and ineon-
venient unit. The Portuguese rel is usually
estimated at about one ninth OF a cent. 500
refs being reckOned in London as equivalent
to 81, which we calculate as being worth
SiS6.6 Our Treasury officials estimate a
Brazilian gold miireis-l 900 rcis-at 81 6 cents
which would make the rel worth about one
twentieth Of n cent The paper money which
Is now the only currency of Brazil is greatly
deprecated. recent quotations placing the value
of paper milreis az 43 cents. It will be readily
seen that il will be next to impossible 10 ac-
commOdate this to any other system likely to
be adopted by the Congress.