Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1893-07-22

The CHILEAN congress has passed the
act for reorganiZing the currency, and
that having received the sanction of
the council of state, the act has now
the paper money shall be redeemed
from December 81, 1899, in the new
money to be coined under the act of
November 20, 1899, at the equivalent
value OF a silver dollar Of % grams
in weight and nlne-tenths fine. The
paper money many, however, be re-
deemed from the 1st of July, 1896, in
the money TO be coined under the act
Of November 20, 1892, Or ia other
words, at the rate Of a pence per dol
lar. The holders of paper money,
therefore, will have the option of re-
deeming their notes at p pence, or in
the silver dollar of % grams and nine
tenths fine. The paper money will
cease 10 be- legal tender after June /,
1896. To prepare for the new coinage,
the silver acquired by the state under
the act of March IA, 1877; the gold
received in payments of duty and stor-
age; and up to one million and half
pounds sterling of the proceeds of the
trade Of government nitrate properties
are to be maintained in deposit in the
treasury. From December 81, 1895,
until July /. 1896, the banks must
maintain in gold specie or bullion
reserve fund of 20 per cent of their
authorized issue, ] he paper money
redeemed by the state * 10 be burned.
Half of the 30 per cent Of the duties
payable in gold under the act of No
yember 20, 1850. in the years 1894
and 1895, shall be paid in the equiva-
lent value of paper money, and the
portion of import duties and storage
required TO be paid in gold may be
paid In good bills on LOndoa mp TO
December 81. 1894 Whatever diyersi-
ty of opinion may exist with respect
TO the new act" says the CHILEAN
Times, 1T must be admitted that It
is an improvement on the one that
preceded it. In one respect, however,
both acts are alike. They aim in the
first line at the redemption of the pa
per money and the resumption Of spe-
! Gle payments. They differ only in the
means Of accomplishing these ends. {"
+ The Gillian Times adds that the gov
eminent and the country are too far
committed to this policy for it to be
possible for them to turn back.
Adyices from Montevideo state that
new law Of postal tariff reform has
been passed by the Uruguayan con
gress and promulgated rs being in
force The changes do not affect cor
roSpondcuce with foreign countries.
the rates being already fixed by inter
national treaties. Under the new rates
postal matter for the interior of the
republic will pay the following: Let
tiers, five cents for each 10 grams,
about one-half ounce or fraction there.
Tor delivery being aDollshed). Reply
postal card. four cents. Letter card.
three cents. Open postal cards, two
cents. For letters intended for local
delivery within the radius of the post
office where they are posted, two cents
for each 10 grams, about one-half
ounce. Business circulars, samples and
articles without commercial value, one
cent for each 90 grams q "a ouDcesl,
Printed matter, papers etc, whether
bound or unbound, one cent for each
100 grams, II ounces or fraction
thereof, whether the addreSSee is with
in or without the radius of postal de
livery. Subscription TO boxes at the
postotliCe, ST. per year, or St for six
months or less, to be prepaid in post
age stamps to be affixed to the card
and cancelled by the postmaster of the
district After hou $" letters to pay
double tariff; printed matter, samples,
etc, win not be received after hours.
Postal orders will be issued at the
following rates. Ten cents for sums
under SI1, 20 cents under S21, and 10
cents per each $40 up to S101, after
that 30 cents per 500 for sums from
S101 to S1oO1, and - cents per 500
for sums over S10O1. Parcels under
three Kilograms 3-5 pounds, 80 cents;
over three and under FIVE kiloS, IL
pounds so cents; aI1 in addition a
parcel.
The alegraE' system of the isthmus
Of Panama Is being rapidly extended.
Communication has been established
between the city Of Panama and ca
pira, and it is expected that by the
end of the year the service through
to Chiriuui win be working When the
line shall have been completed to
Chiriqui. on the western limits of the
state Of Panama only an unimportant
connection viii be needed to unite with
the service already in operation In
Costa Rica. When this is done, direct
communication win have been esab.
llshel between the city Of Panama
and the capitals and principal towns
of the Central American states.
James L. poueus has obtained from
the Mexican government q concess On