The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-06-12
SECTION TRREE

we viii have a long wait. The people
are always good friends of ours when
IL rs 20 their interests TO be, and mighty
unmindful of us when iJ is not. Let
us give them prOvocation to warm up
ID us, Then our trade viii increase.
Brazil Has Strange Money.
The money Of Brazil is a puzzle 10
the Americans. 1T takes forty refs so
make cent OF our money, and an iu-
voice for the smallest kind of order
makes Yankee turn pale 20 look az 3D..
The figures are appalling to behold, but
they are harmless enough when re-
duced 20 actual value The first time
one picks up q wine list. or d bin Of
fare, the shiVeTs run up his back as be
sees "ApOllinarls- l.ao0; cocktail $500
and so on. AIy account for board with
iuCidpnLaIs. amounted 60 "a little over
$40 and the bin was made out like
this; l41s0e5-uotice the location of the
dollar mark. There were items like
laundry, 5000. and baggage, 5000
i VIII spend my spare time during The
summer in figuring DC all out.
In former times the currency OF Bra
I'll WAS at par. but as soon as the rapub-
lie was ushered I'm, the printing presses
were kept busy making paper notes uH-
iii the country was flooded with them.
The exchange began to dUcCuate, some
t-AItt1 fe-A l-t6 ~ EiEL cent ltA 81 HAH- t-He
paper money got SO cheap that the gov
eminent had TO begin to call lit iu ana
burn IL. After about One-ffth of all
that in circulation had been destroyed
the exchange became more stable. all
though it is stili very much depreCi-
ated i'm value.
There are some heavy copper coins or
small denomination which are now
worth more fUT tho EleEcll1l-1l-1 metal
i'm them than they are Tor money.
Whole trunk loads of these coins have
been shipped out of the country and
sold for old junk. There is no gold or
silver in circulation, only paper notes
II is the intention to keep just enough
OF these notes outstanding TO meet tine
requirements of business The frequent
recalling Of certain issues often, gives
rise TO curious complications.
Money Cheaper Than Wall Paper
For example, the government pub
lished that it would redeem the notes
of q particular issue if they were pre-
scented within q given time. The plan
or taking up the old notes was to issue
new ones in their stead, but the new
bills did not arrive in time. The gov
eminent had To refuse the old ones be-
cause there was nothing TO replace them
with and, for the same reason, had to
pay its obligations with them. When
Is began to pay with one hand and re-
fuse with the other. the people. TO use
Egure Of speech, did not know wheth-
er they were on foot OF hCrsEbdCk on
account OF the published recall the
banks had the stuff piled up In their
vaults like cord wood. ready To deliver
to the government. and they did not
want any more OF 1T, so they refused
to take il. The merchants I'm turn be-
came suspicious and before that new
issue arrived bank notes were cheaper
than wall paper.
Brazilian currency has had more
than one distinctive feature A former
minister OF finance had very beauti-
full mistress and ne set a new style iu
such matters by putting her Likeness
on the bank notes of the country. the
people were shocked at his impudence,
but it was good money, and there is no
record of its having been refused.