Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-08-19
MONEY QUESTION IN CUBA.
American Money viii be the Money Of he
Future There,


Santiago De Cube. Avg. ii.-tcorres-
pondence Of the Associated Press. g.
The past week IN Santiago dc Cuba
has seen tho fJttheranco " reforms
and improvements already under way.
New complications have arisen which
We are called upon 10 settle. There
has been a slow and steady increase
In the death rates.
The question of Spanish and Amori-
con money and thelr respective values
continues 70 apitute the town, and VIII
probably last Until little % the spou.sh
money rcnuiuT. N0twithatnnding - ~.
Woods announcement that ~ranir III
Bold VIII pe deprived uf itH Cuban iu-
crease ~ six pUr cent Du ita face vuiur,
ANA that silver WIS ut % uor cent dis
count. many have persisted in consider
ing the c1ntcn. % francs. nH worth
$3.50 na formerly. and at no money
changers could one gCt ten dollars In
silver for i've dollars IN gold. Nlno
collars In silver was oncrod and this
only In small amounts Tifnfa has
been a meeting of merchants in this
Place with the object ~ discussing this
matter u values with Gen. Wood, and
the question N 10 legality was raised.
further assurance that the measure
applied ~ all transactions being asked
for.
po question or legality. however.
was not discussed na the mrrchlntf
were assured that the ruling applied
g. ull transactions. 90 that the mGUt-
ING was rnthcr abruptly terminated.
be- hiuG recognized that Amcfi-
can money viii De- tho money nf thO
future IN cuba. Wofkmun are puhlic.
d a.
being paid in United states currency.
Hut until tho financial situation la
cleared up by the disappearance az
Spanish and the entrance In sunclont
quantity 90 American coin abuses in
the way % exchange viii probably
continue Already small change 10
becoming very scarce. one cannot exc
change gold Tor Spanish silver. aud
there Ia 10 very little American silver
that small sales are hard 10 consume
' iato,and the Door are always imposed
up1n by the money lenders.
Ione abuse that has been rcctinod
was the eXorbitant prices asked FOR
cd. dollar per pound Tor meat. ~
or a baE " charcoal that once sold Tor
cents, ana ~ GENERAL continuation NJ
orkado prices long after the luHtlncn-
I'm had been removed. This matter
the palace has ably taken IN hund.lni
after careful consideration and q dis
cuHHlon Of the subject with leading
wholesalers ana retailers. n turln In
sold money ON provisions has been ar.
ranged. Retailers have been notified
that infrlnrOmUnts of this tariff uu
schedule Will b. severely punished. and
tho community ut lurFu IL requested TO
report any uyOrchnrEc. The pricoH
given out are a great reduction from
those prevailing hitherto. but even Ia
the now Arrangements thsro iH ample
opportunity for good profits. even 90 10
por cent In some instances Thus the
retailer has no right 60 complain. ~
tome future day when the commercial
situation % Santiago IL Improved fur
ihcf reduction Will probably be made.
Madrid, Aus. 10. $40 y. m.-Tha ruv-
'rnmrnt has resolved 10 insist that tho
CnnltulntlOn Of Manila after the sign
lur NJ the protocol shall have no c.trot
In the peace negotiations unfavnnblc
20 Spain In any event the govern
mont holds that tho capltulniluu hnv-
inr been signed by the cummlHalcn
commander Of the two forces does not
entail the surrender " the whole u tho
Philippines.