The Montgomery advertiser., 1904-12-04
HISTORY FAST IN THE
 MAKING IN PANAMA
HucTtas, From Hero of the Infant Republic, is Now Private Citizen, Living Quietly
 on His Farm.

no such movement will be repeated for many a day. The American govern meht has practically declared that President Amador is not to be removed from office during his proper term. without cause, and further that the work on the canal cannot be interrupt ed by internecine scraps.
 The trouble has also resulted in an- other good thing, viz. the disbandment of the army. In a previous article the writer has shown the futility of keep ing a standing army in a country like this. The fact that it is useless ex- pense, is not the most important fac tor. The chief reason Is the assurance 1t will give to permanent peace. The conditions surrounding the government of Panama are like. no other in the world. With some countries. a stand- ing army might be considered a bull wark of strength, but 1t Is just the op- posfte here. With its abolishment, n O ready lever is at hand to be used by government foes to foment rebeAlions and uprisings, and in the case of Pan- anna, as well as many other Latin American countries. the army has al- ways been the willing tool of one fac- tion or the other. Therefore, I repeat. that the late movement may be a bless ing in disguise.
 Few governments would have been disposed to deal so leniently with the leader of an uprising, as has been done in the present case. General Huertas was allowed to hand in his resignation in due form, and his retirement carries with it a pension of $500 per month in the current money of the republic. This attitude is due, of course, to the meritorious services the general has hn ltO tvr tha st nd is also in recognition of the fact that
 the late commander has thousands and | thousands of warm friends throughout the republic. who despite the serious
 mistake he has made, revere him still. The business interests of the country are eagerly waiting the advent of Panama's new money. The act creat- ing the new coinage provides for its introduction on December 1, 1904, but while some specimens of the new coins have been received, no large shipment has yet been made by the Philadelphia mint. The new money has been designated the Balboa" series in honor of the famous navigator and discoverer At the present time business transac- tions are carried on in Colombian silver money. which at the present rate of ex- change is worth $2.14 for $1.00 Ameri- can gold. although the rate paid by money changers remains at $210 The new silver dollar will be worth two for one, which will not only drive the money changers out of business to the delight of everybody, but will lend a stability to trading relations not now known. The same denominations will be preserved in the new coinage, as in the Colombian issue, namely dollars, half dollars, twenty, ten and five cent pieces. The retirement of the present money will begin as soon as the other Is placed in circulation, and must be all in by June 1, of next year.
 The news of President RooseveIt's s election was received in Panama at 9:25 p. m., although earlier returns forecasted the probable result. The oc- casion was celebrated by letting off 3o,o00 fire crackers tied in punches to fuses twenty feet long suspended from trees in the Central plaza. The even- ing following the Legation was sere- naded in honor of the successful candi- date.
 Secretary of War Tafts coming to the Isthmus this week will be sig nalized by special demonstrations on the part of both governments. The secretary will be the guest during his stay of Chief Engineer Wallace. who with his wife arrived from New Or
 leans last Wednesday. The Congress sional party are also due within a few days. and preparations are in progress looking to their entertainment during their stay. W. C. Haslxirs