Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1893-07-20

The Gillian congress has passed the
act for recognizing the currency, and
thai having received the sanction of
the council of state, the act has now
become a law. The act provides that
the paper money shall be redeemed
from December 81, 1899, in the new
money to be coined under the act of
November &c. 1892, at the equivalent
value of a silver dollar Of % grams
In weight and nine-tenths fine. The
paper money many, however, be re-
deemed from the list of July, 1896, in
the money to be coined under the act
| of November 26, 1892, or in 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 "a pence, or in
' the silver dollar of 25 grams and nine
tenths fine. The paper money will
| cease to be legal tender after June 1,
+ 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 a 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 1, 1896, the banks must
maintain in gold specie or bullion a
reserve fund of 20 per cent Of their
authorized issue. The paper money.
redeemed by the state is to be burned.
Half of the SO per cent of the duties
payable in gold under the act of No
Vember 26, 1892, 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 London I'D to
December 81, 1894. whatever diversi-
ty of opinion may exist with respect
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
! Advices from Montevideo state that
new law of postal tariff reform has
been passed by the Uruguayan con-
gresS and promulgated as being in
force. The changes do not affect cor
reSpondence 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 Is grams,
about One-half ounce or fraction there
of Ghe extra fee formerly charged
for delivery being aDolished). 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 Is grams, about One-half
ounce. Business circulars, samples and
articles without commercial value, one
cent for each SO grams Il ga ounces).
Printed matter, papers, ETC., whether
bound on unbound, one cent for each
100 grams, 3 IL ounces or fraction
thereof, whether the addressee is with
in or without the radius of postal de-
livery. Subscription to boxes at the
postoftice, ST. per year, or Sc 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 hours letters to pay
double tariff; printed matter, samples,
ETC., Will not be received after hours.
Postal orders will be issued at the
| following rates: Ten cents for sums
under $11, 20 cents under $21, and 10
cents per each $40 UP to $1O1, after
that 80 cents per 500 for sums from
SOL to $1OO1, and 25 cents per 500
for sums over $1OO1. Parcels under
three Kilograms 3-5 pounds, 80 cents;
over three and under five kilos, II
pounds, so cents; and in addition, a
registration fee of Is cents for each
parcel.
The telegraph 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 Chiriqui will be working. When the
line shall have been completed to
Chiriqui, on the western limits Of the
state of Panama. only an unimportant
connection will be needed to unite with
the service already in operation in
Costa Rica. When this is done, direct
communication will have been estab-
lsheG between the city Of Panama
and the capitals and principal towns
of the Central American states
James P. Porteus has obtained from
the Mexican government a concession
for colonization purposes of 100000
acres in the northern part of the states
Of Vera Cruz, Puebla and Hidalgo
It is said to be the intention Of Mr. |
I'ortels to sell the lands in lots to
ST. colonists, and to endel iur TO ;b- |
tail enigrants from the Unit I'd S's les
and England. Arrangements are said
to have been made to put Z, mber
Of American and English families upon
the property at once. The cultivation |
of coffee Is expected to be the chief
industry.
The summary Of the foroion conn., |