The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-22
NOT ABSORBED
BY SOUTHERN
That Road Has No Desire to Own
Norfolk and Western.
PROMOTION FOR RICHMOND BOY.
sam Boush Made an Electrician Ser
gcant - Peru Has Adopted the
Gold Standard-HcsuIts Are
Remark able.

WASHINGTON, Aug. a-Specal.-A
prominent Virginia railroad magnate. in
most positive terms. denied the reported
absorption Of the Norfolk and Western
! by the Southern railroad Company. OH
Gals Of the Southern railroad ia this city
say that If there is any truth IN tie
report they know nothing about IT, II is
further stated that the Southern has no
desire 10 own the Norfolk and Western
RICHMOND BOYS SUCCESS.
sam Boush a former Richmond boy.
has been appointed an electrician sergeant
In the regular army. He enlisted about
three years ogO az private Boush was
afterwards made a nOn-commissioned off
Ger Ia the Fourth Artillery The position
10 which he has Just been appointed IS
one paying about $40 per month. in ;iddi-
ton 10 all allowances.
The young man has studied electricity
while in the army
by direction OF the Secretary Of War.
First Lieutenant Harry n. Corts is re-
lioved from further recruiting service at
stanton Va. and will proceed to join
HIS regiment
Inc charges recently preferred against
the postmaster at Gibsonvlle " c.. will
be Withdrawn and that official givon
another trial. He was charged with in.
toHication while on duty.
GOLD BASIS IN PERU
Information has been received al the
state Department that Ike Ecuador the
government Of Peru has recently adopted
gold standard and the currency Is now
Issued on that basis II has really been
IN operation since 1897. All OF the South
American countries are gradually replac-
ing the coinage Of silver with gold II
Is said that the result has been most re-
markabe All branches Of trade have
taken now impetus and the people are
more cOniented. The revenues OF tho
government show a decided increase in an
departments. a special correspondent
Of the Chicago Record lgives the his
tory Of the fight in Peru for the gold
standard as follows.
a LONG FIGHT.
The single standard law was tho result
Of persistent and long continued efforts
on the part of Manuel Candam0. president
OF the Chamber Of Comm re and leader Of
the Civilisia party; Miro Quesada. editor
or 'El Comercio," the oldest and most in
huental newspaper on the west coast. and
other men OF their stamp. They failed
several times in Congress. but finally got
tho law through the Chamber OF Deputies
by one majority The Senate was always
with them. OF course. there was decided
opposition. chiefly from the haciendadOs
and the other persons producing merch-
andise for export They paid silver for
wages and received gold for their pro-
duce, and they feared the effect Of the
legislation. Many politicians also pre-
dicted that the adoption of a gold stand
ard would De the ruin of Peru and used
the same arguments in favor Of the free
coinage of silver that are familiar % us
in the United States.
The result has been a surprise to an
classes.
After speaking of the domestic trade
which was phenomenal, the correspondent
has this tO say:
The foreign trade Of Peru also shows a
remarkable increase. I'm lS3S the imports
were Si9.23l272 and the exports S30274715.
making "a total OF so 5120iS The coasting
trade amounted 20 {2-N5.0eS making a
total Of l66619s6 am increase Of Sl052l. ig7
from the previous year
The foreign trade promises a large in
crease for the current year The export
during the first six months are unpre-
cedented. apd the imports are larger than
they have been since the flush times be-
fore the war With Chill.
This is said 90 be the result Of placing
Peru on q sound financial basis.