The times. [volume] (Richmond, Va.) 1890-1903, 1899-03-31
ALrssnN EROM ECUADOR

\ LESSON FROM II NDplt.
..,.,,,ao,, with
our washington -,
his usual enterprise has gotten hoia o'
the advance sheets OF the report OF Con-
c.t ~ roo, concorrIng the
,, - ,,.,..i,.-
adoption OF the Soiu s'""u"i" d" ''"'''N''
Mr. Dc Leon transmits 90 the DepaI ime"t
3, ,vaebiupfon a copv OF the new coin
a.. o..,. or Comment saws
age 90" anu -. o.
that Lcuador mas h''"'''o nv" wv"
so-Callcd b.motaiiic basis, but that sDt
hes rosu,. bocn upOn a basis of silver
,,..... .l..~. hoir, M GOLD in
"''"''''' ,t.,,
circulation ana her SILVER
lie tells us that the gold coin OF the
......-,. d.. .o,do~ loro since ceased 10
~. ,.,.,, ei-nt ss soon
circulate anu j" l'0' '''N '''s''
as 20 appeared. any thai are now 10 U'
.ouud being held as curios. 20 rare havo
,-.. ,...o And he continues:
80 a.. ,o,,,,,ry was
Inc 0IDu'" no" ~. s" - nancy
anu Is a''n'9' ..9r.rabio IN
I-s"ed Joy inc ''''' go, e~avaouu
sANtr oHil' 80 Guy 80 ,,,, ,go,-.
mas amy "'nN'"F $3.50 o.tshiishe3
clcs Oh Quay 1pU'' Inns NJ poT,,blio
I'D several o'",I ol1'c9 "i wy 80 a..
Inc Mhnlt l'i'iH" 't c,,,,s-
couHtll ~ 'u''lt 49, tbo clear
gun "'i'" ~. "- ~ 20 ,b, Io.oub-
,.'s "o.s, ~, que "a t,s,e.,,oc,nt
'., WY '''t.' .'' 80, 80 LA hasis
~ cn,ilr driver Ecuador 10 adopt the
mas many "il'',' t'O',,''' 49, an.
S".ne 'o,l'1e' anu '.'7 i,i,,, ,,tt,i, Two
at'eu id" or to,i"h' 49,. -. -.
years WIN pace 'l'9 a.. ,t, S,Hr,b co,,n.
a Eol1 pds,s. 'l0'~ 10 -. ti,ts ,,ass-
,'s '' ,- i'-''-'' loe,s pica and Peru
t.,,i,g slroad, taken the etep Brazil
r ,.ls ''i'"9' c,',i, ,.,,iio ,o,,,,,llv an
- -. oro roalf,, eubiec, 10 the
"a e go 80 49, money because
,t'lt, i,,l,r,i or9nli,l condition nrocludes
,, 60. .or,arsIon ~ the currency.
"i1 ,,,. r..or,i,. on,ctad ,ros drafted
bv bankers and merchants of acknowl-
aJqe5 ability MS fnanciers. and is expect
IN a. he tborourblv ADEQUATE TO the needs
- Tho counfrv Commerce has been in-
Donveniance1 not only by the depreciation
80 silver buf also from the arbitrary
fluctuations Of exchange. sometimes ms
ri,cb as Sd TO 90 per cent within a few
months. and. owing TO excessive imports.
/ D. ,,-,. er.,,rantfv impossible "a buy from
/ .,n homie n single draft on New York
.rlor fevan for s-O. consequently.
/ a.. el.a,,r trsde relations of the country
sun. 49, ,,' ,,,'rco,tiil Interests came TO the
+..-t... .,,t Tho onl, remedy for the
NEUTRALITY-SUSPICIOUS. state of affairs which has
rre,afo5 for the last FIVE years would be
u. r.i., of tho cold standard at the
'''
.l.,ir. condition Of Ecuadorian cur
renc, The financial resources of the
I'm the world-and the crying need FOR
20 fixed monetary standard. seem 10 sit
assurance that the present N'''''
WISE >-.o- N-orl, has boen arbi-
traruv fixed by banks and merchants
during the last ten months at 100 TO lo''
but This rate mas not Desn St to, ,a ,d
nei'y To-. .,,l..,,i,. has been that Ameri-
can cold has been worth 10 TO 10 cents
more than exchange.
The erect OF l"e lN to.t. or1 ,,bile
pul ~ ,,.,n continue 10 Doe the money Of
rirorlation it win Doe redeemable i'm gold
and NOT I'm silver as az present. lhe COZ.
| dor when may Le,otiooll, ~ the same
Oh ,,,1 w.. os The mound sterling and
,bo silver sucre will possess an actual
value OF about 4N' 10, 90
lean fo'o' '''
,,.-l,.,o,s hitherto existing have been
most favorable 90 The wea''1 . '' ca
coffee and sugar , ..o Ran sr5 n,,I IN eil-
ih.ir ,o rr on ,bev bought in Ecuador nota-
biv for labor which has been the G h.eI
sufferer WAGES. l'" ID, donreciateI
lower stiN since p''''
n'on'' -..,..5 ,bis report 70 the consid-
we ,..,o advocate the free
era'l"" 0' CO. tbte country OBJ
''''' a., ,.,r nlcase that the contentious
s,i'' --o,,. ~ free coinage are sing
%. , ..',e.a IN the experience. Of Ecua-
u.'' MR., wo ore told that attempted
COR ",.., -osulted IN driving an the
D D''.' ont or the country and in reducing
-''' 1t, =, silver basis Next We
ore toi6 that commerce had been incon-
....,.,.o5 NOT only by the depreciation
! ~. oliver but also 10y the arbitrary hucl'
] t..,... -orooffmes as muCD
""''''.' cont within a Few months.