Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-10-25
Trade and Finance Abroad.

been mt i'm circulation, and the frSt
ones have been paid out by the "Calsse
Ccntrale of the Public Treasury Last
ye.r q "nickcl." or coin Of 25 ccntines,
nearly equal to the value of tn" A'nerl-
can nickel. was ordered by the Frehch
government to be manufactured, TOT
there was no coin between the
centimes, or l cent, and the 90
ceutimes. or 10 cents. The necessity
Of having. at last, for exchange, five
cent piece was felt generally, and "A
.'nickcl' was put in circulation But
its appcarance weight. etc, were 100
much like a silver piece ana were the
cause of many mistakes. The pubic,
showing itself decidedly dissatisfied, Il
now coin was made. having the reverse
different from that of the former
nickel. and, moreover having poly
gonaI form with twenty-five angles,
so that il will be easy by feeling TO
recognize that it is nickel and not d
silver piece. 1t must be added that
the former pieces of the model of 1903
will continue to be legal tenqer.
A few DAYS before the installation of
the new President of Argentina, Dr.
Ouintana. on October l., DIR. Terry, the
Argentine Minister Of Finance in the
Cabinet of General ROca, presented to
the Chamber at Buenos Ayres the last
budget Chat of 1860 prepared by the
outgoing administration. This pre-
sentation was made on september by
Minister Terry. who was congratulated
by the press of the country on the ia
vorable financial legacy which he left
Of nh handling
public funds during the years he had
been in office. While the estimates
contain no startling suggestions, they
present every Indication of having been
carefully prepared. One of the most
satisfactory features of the budget, es-
pecially from the standpoint for the re-
payment, in course of the current year
Of S11 900 900 gold to the conversion
fund withdrawn by the government at
a time of national crisis.
There are many laborers from several
countries who have flocked to the
Isthmus of Panama. thinking that
work on the canal was to be begun
Immediately upon a larger scale than
is possible at the beginning. Many
labGrers have left Colon for Cuba after
wanted. for the time being. to work on
the canal. They have shipped for
Guantanamo Cuba. where contract
has just been made by the United
states for the construction Of immense
depots and Notifications for the Ameri-
can naval reserve at the entrance Of
the bay Of Guantanamo.
CII1 al ~ ~ n
Empire at Amsterdam has forwarded
to his government A report in which he
expresses regret that the Amsterdam
Harbor is not connected by a direct lire
of navigation with Germany. He adds
that the work of charging the port Of
Amsterdam will be terminated in 1867,
and that vessels of the heaviest ton
mage will then be able to enter that
port.
In his latest report to the Chambers,
the Gillian Minister OF Finance showed
that in the year 1894. that is before the
metallic conversion, exports amounted
to 50 096.4S2 pesos. while in 1901 the fig
ures were 3SO6. 1877. The salitreros. or
nitrate. beds are known to furnish the
host part of CHILEAN revenues. The
Minister indicates that the mineral in
dustries. mainly the one mentioned
have proSpered though not in Z regular
way. for the exports foil in 1908 below
the figures Of 1901. Still, there was a
great adv ance on the years before the
close Of the last century. He said, also
that agricultural production was good.
and that the raising of cattle had ad-
vanced since the embargo was laid on
Argentine cattle. considerable i'm
provement. is also noted in the develop
ment of the manufactures of the coun-
try.
The Danish government has signed
recently with the Great Northern Tele-
graph Company 4 contract for the lay
ing of cable destined to connect Den
mark and Iceland; also, cable be-
tween the latter country and the Feroe
and Shetland islands. These cables arr |
to be ready for business on October / |
1905, at the latest.
THE Mexican Herald said lately. |
IF any one is skeptical as to the enor
nous producing capacity of tn land in |
the vicinity of Chihuahua. the follow
ing facts will serve to convince him Of
the error especially as to alfalfa: One |
hundred and fifty acres Of land. owned |
by an American, produced last year 100 |
tons Of alfalfa. which. at the average /
price of 1856 a ton. amounted 10 S24,500. |
He has been leasing the ground to
Mexicans on halves. and in this way he
has cleared $4,000 for the last years
crop. Water is a little shorter this
year. however. and the land will not
produce so much. Alfalfa during an
average yield will furnish five crops a
year.