Publisher's Synopsis
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ... The present disturbances in China have caused a scarcity in the supply, which has sent the price up to the neighborhood of fifty-two cents, while the insular government -- which, of course, has been obliged to follow some established rule for the payment of its employees--has been receiving them at fifty cents. This condition, while it is profitable to the bankers of Manila, is the cause of constant loss and annoyance to all other people, and, both because of the scarcity and the fluctuation in value, is a serious injury to business. Two remedies have been suggested: One that we should ourselves coin a dollar for use in the islands of the same weight and fineness as the Mexican dollar, which shall be permitted equally with that coin to take its chances with the fluctuation of the market, but which would relieve us from an embarrassment caused by a limited supply of coin bearing the Mexican stamp. The other suggestion is that we should coin an insular dollar which we shall undertake to redeem in gold at fifty cents, and which, being substantially the same in value and appearance as the Mexican dollar, would pass current in the islands, and would, as rapidly as it became the medium of exchange, bring the islands to a gold basis. Final Military Operations In The Philippines Extract from the Report of the Secretary of War for 19011 At the date of my last report (November 30, 1900), formal and open resistance to American authority in the Philippines had practically terminated, and the Filipino insurgent forces had adopted a system of guerrilla warfare, closely approaching brigandage. To contend successfully against this condition and to suppress it, to afford protection to the peaceful and unarmed inhabitants, and to reestablish local civil...
