The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1896-10-01
A e MONEY.
Something About Countries that Ha We
Silver Standard,

Something About Countries that Have
Silver Standard.
Mexico Is a silver standard County,.
She has a large national debt. The in
terest on 200 1881 $50 is payable i'm Lon
don. 1t is not even payable in Mexico.
The London indebtedness is greater
than the Mexican indebtedness.
Guatemala is a silver standard cOun-
try. or her debt. tSS7.1O0 is owed
abroad.
Honduras is a silver Standar d coun
try. Practically the whole of her debt
Is owed abroad and not a cent of inter
est has Honduras been able to IA
since 1872.
Nicaragua is Il silver country. She
owes s2!S5 900 in London. on which she
has been obliged to default payment
OF the interest.
Salvador is a silver country. She owes
.E2o4, 600 in London.
Paraguay Is a silver country. She de-
clared herself bankrupt to her foreign
creditors in 1885 and issued new bonds
in exchange for her old ones at about
W. I'll VII iC uOltdI. dItSudN Il
just d~efaulted the interest on the half
Of her debt which she had not previous
ly repudiated. She owes now in Europe
1886, $50. with defaulted interest
amounting TO over f76.5OO.
Peru Is a silver country. She had "A
foreign debt Of t31 .579.0SO. with ar
rears Of interest amounting TO f22. $685.
651. Being utterly una BILE to pay. the
European bondhOlderS had decided to
them in exchange all the states rail
ways, guanO deposits. mines and lands
for a period of s~ixty-siX years.
Bolivia is a silver country. Her Eek
ternar' debt to foreign corporations is
100000 bolivianOs debt owed at home
is 4,42S, 7O5 bOlivianos. Forty per cent
Of the customs dues at africa are by
law seized by the foreign bondholder.
China is a silver country. 1t is a mat
ter in the memory Of every citizen that
the money to pay China's war indem-
nifty was raised by a loan in Europe.
The Japanese commission has just
gone to London to collect it. Her Feb
ruary loan Of 1895 vas I3.0O0, O0O. pay
able in gold, and her customs venue
Is to-day mOrtgaged in terms to foreign
syndicates. The United States pays in
gold and bOrrOwS at 3 per cent. Ch1na'S
foreign loan of December. 1894. Of
$4,000, 900, payable in silver. cos I per
cent. in interest.
Japan, the most prosperous of the sill
yer countries, is paying at the rate Of
I per cent. for a foreign Indebtedness
Of 2,110,112 yen. The bulk of her debt
loaned her in silver by her own citizens
costs her 51a per cent. per annum. ia
pans financiers favor the adoption of
a gold basis.
India is on a silver basis. OF a total
debt, funded and unfunded, of 227,3o4,-
39S rupees, 1OS, 113, 1872 is foreign debt
owed to England. Sixteen million
pounds sterling a year must be paid in
England. This is paid in gold, while
the taxes raised in India are silver. Is
1t extraordinary that India has stopped
the coinage of silver in order to get
upon a gold basis and relieve herself Of
a heavy yoke that was yearly growing
hea vier!
Russia is on a silver basis, but she
has been forced into an Indebtedness of
gold rubles of 1908, 3O7 ,496. Russia
was forced to ask permission Of foreign
bankers before she went to war. We
didn't have to ask that permission.
Russia is about to adopt the gold basis.
Boston COmmercial-Bulletin.