New-York tribune., 1906-12-15

mas peen made by which the government ba. hs.n
of the necessity for maintaining means
Induced e OF wss and capital ha. BEEN
mails ssasr ar sonsa to the
upon their shles. hines. with approved aooommodatons
the Christian sfG PrSyinSe shows prosperity than
disturbed tSe TRp0 Taeg oE fS. ss 6atS who
Followers disps2asesn dislsSnsents was finally killed and his
at Dso as tans z, the 5obSer fast IT.
the hinro mere is now no trouble from one end of
largely Increased in the Moro ports and the
To- The estabs Ihe government have also been added
Cling fron south has stopped the practice Of SNUG
years SINCE American occupation ~
THE FRIARS' LANDS
81 Inc fun purchase price has been Maid for the
session and oec9patd te deeds have passed and pos
az rst some disposition on the part Of the tenants
informed by s covare wse OF the goyeTnment but am
scoR.sIeIy ended. and that there is now general
Soyee by all in the legal ownership OF the
,r The he ending of ladronism in Luxon and especially
Temn, TTi1ognr Ihem more into demand than formerly.
aa6enPorary leases have already been effected on
fbenTai bean to the government of 100000 Delays have
Of ehsnees o make of qbs sH
L @ the various farms which TO be leased sold,
to dispose OF nfw by sae she' or bS VIE lease ss
Ultimately to wPe eu so e ners to c6sqgs
VI upon the bonds issued to buy the lands and later
PRICE paid m ns o Save hs bsen the S
excess OF the commercial values Of the lands
however this turns out, the great object of the
purchase has a already been accomplished. The re-
lowed me lawful attempt of the friars orders or
ther companies TO assert their titles these lands
ana collect the rentals therefrom. has been peace
aoly and completely averted. and even II the pur
chase OF the lands as investment should involve
a considerable loss TO the government Of the
ISLANDS, and so to the people of the islands the
pecuniary loss.
THE CURRENCY
Congress at its last session authorized a. reduc-
uon IN the nneness and the weight of silver TO be
used IN the Philippine peso by the Philippine Com
mission In order to avoid the difficulty which was
pelnB experienced by reason of the rapid rise in
the price of silver as measured in gold. In the
mission 10 issue certificates of deposit which could
6e redeemed either In gold dollars Of the United
states or Philippine pesos. In this way the Philip
pine Commission were enabled TO 81 coo in
gold which they had deposit In the Philippines
as security for the redemption of certificates and
to release that amount of silver pesos for crcula
the Philippines. The Philippine Commission has
now passed bill reducing the ineness of the peso
10 900 from 900 and reducing Its weight from 4l6
grains (26.9 grams) to 20 grams. bringing 1t down
lust about to the Indian and new Japanese ratio.
The fneness Of the subsidiary coins is to be
1bO and their weight Is to bear the ratio
the weight OF the peso coin as do their face values
to the value OF the peso.
strongly recommend to Congress the passage
or an act authorizing the Pnilil pine government to
guarantee to private agricultural bank a divi-
Gen upon Philippine agriculture is the enormous
rates of interest which those engaged in
PEELED to pay, and It seems reasonably clear that.
under proper restrictions, those farmers who
earnest and anxious to succeed may be greatly
aided ny bank of the character which have de-
scribed-