The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-24
CuBAs MONEY STANDARD.
\ Merchants Prefer the silver
Basis They. Arc Working On.

X Merchants Prefer the silver
Basis They Arc Working On.
MYcrk. December 23.-American con-
y % close at hand that 1t ie possible
clearly the work ahead, says the Ha-
correspondent of the Tribune. Main
i'ig order by means of troops is pre-
nary condition so we'll understood that
Ms not rail- for explanation. All class
Cuba know why the soldiers are here,
moving, they acquiesce. That 'snowl-
Itself Is the best guarantee OF tram
RHy, Isolated instances may arise
% Will call for repression, but these
M affect the general good order.
wn be no drawback to the measures
asastr!al and commercial reconstruc-
salch necessarily precede the political
Nlment OF the island as 1t may be de-
nhed in the future.
" commercial classes are showing the
'al aaapiabilty to the new conditions.
"a fortnight after the tariff is pro-
*lea business will be moving smoothly
secustomei channels. The only I'M
aay OF the future is that which VIII
aom Inc shifting OF the money stand
N, lar as preparation can be made for
ree OF tnls kind, the business houses
s'aua nave made it. They do not as
.oN positively that customs duties
ww PAD In the currency of the United
~ and they are not certain chat the
~ WI be squeezed out of the Span
10y ~ french gold coins, but they an
!. = modification of some kind. This
nuity. wv TUG
=, sentiment against changing the
sruficial relation of values ap-
be growing.
vi .cnants and bankers who are oi'
80 ~ change advance some strong ar
~ against modifying the present
iney take the ground that, since
w.. eu states expects to collect the
avenues in trust and to eNpend
Is,a, Suoa, a change is not desirable.
al the periods of international
M % Industrial anarchy gold has
me island and the paper issue.
Weyler's scrip" did not make
" debauch the currency. That
v. T. on the merchants who oppose
N =, me present artificial values adj
n ,tsy think that as gold has been
ne channels of trade 1t will con-
ns,.'9w IN the same channels without
y OF squeezing out the infla-
sfp!ustment OF financial values and
q , .,e On tbs debtors and creditors
,ssira Is something that can not be
6nasag houses and firms which re-
IA lts VIII all adhere to their agree
N ~ repay their deposits on the basis
hs an ounce, $3.50 for q centen.
aoubloon and s4.24 for louis.
trIrr me uncertainty, many Of them
uss.sle Withdrawal of deposits waile
n rhss ts prevail II is a peculiar con-
IA an causes this course 10 be taken,
4 ',ay temporary one. The debts
4. sa We're contracted on tihis basis.
asusar planters and everybody else
r ~. the payment under new condi-
rnises to be a fficult OF srrange-
.nms in the United States which
sys uss to make advances or to loan
Aiv smihg the period OF Inc instruction
n Amazed that repayment should
an ny ,San money or its equivalent.
~ srn, certain what will be consid-
Hon,.sl silver In tina daily transac.
Is -. TO be the most troublesome
e. Uhh.ss that must be settled
Dhnhs. states. The merchants and
ness.. who are opposed TO change
IA Az system, say that the tran
~ 6ttent basis can not be made
~ Itfial disturbance and with
= sn'p to all employers OF labor
currency OF every day life.