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In the Republic of Guatemala, Laed of the Six-Cent Dollar
BV f-'RtVK G. ( 'RPMTCR.
TAJJv about high price* in the
United States: They arc tmthing
compared to high prices in
Ouafmal? I b t?. 1. > ? ,'h my
Stenographer f.,.- the past few weeks,
grid ti ? .IV-' saaaSMet hs\e been
about |S30 per day. Ijist week cost
ms over $?."0", and mi regular board f
at the principal hotel is $13? per da>.
I had a carriage this afternoon for
three hours at $1$ an hour, and every
tkmo I take a mule ride over the coun?
try the charge for the animal is 125
per day Everything Ii in the same
ratio, ft soats <> reals to post a !et
tor and 1R cents for a postal card. 1
tried t" I'll! a^' f'nt i - !?!!? in a
harness store this mir ling, and the
price for :t was SI Md 1 could riot af.
ford .t. and Weal to the stationery
etore s *r. at stay, when i was
eharged a aollai for a lend pencil and
tf f r th< aott ssek ? ;. "hieb i am
The land of the ?!?-< ent Hollsr.
Indfd, Mm sr ees sxe terrible. But
the\ ar- set so bad when you And that
they are paid onlj In the currency of
th? eount-v Th. Guatemala dollar has
been steadily mine dowa, and it is
?ow worth Just ahoat 6 c"nts of our
money You ena get seventeen or eigh?
teen Qnstrmslsn dollars tor an Ameri?
can dollar, and la arder m Icstt out
the real cost you must divide by seven*
teen. All the bills sra paid In taper,
and the money !s worth so little that
1? Is a trouble to carry it. Five thous- j
and dollars in g Id changed Into one
dollar bills would give you a large i
plllSWOSSfi faHj and as I am wr'tl-.g all
ray pockets are hnlgtng with dollars,
j drew 40 pounds on ???;>' letter of credit
at the bank K>-day an I for this the
osshier handed m? 3 IM of these Guate?
malan slmoleons Some of it was in
or.e-hund: ed-do!lar bills, but the most
of It was 1n petty tens and twenties
and flve-dotlar notes, such as one gives
for a fee.
Wltlle i stood at the bank window a
man .imp up 10 make a deposit. He
had a bundle urder his arm which
looked like a package 0f laundry. He
laid II on the counter and took off the
string and the dirty bills, by a gust
of wind, were blown over the floor.
Tliey were finally gathered tos et net
and 't took over twenty minutes to
oount them What the amount was l
do not know, but 't was probably un?
der li.one |n (old,
Indeed, the currency here reminds
rr.e of that of our Southern Confed?
eracy at the close of thf war. the value
of which was well shown in a story
told by Gene-sl Gordon As the gen?
eral was riding aloiiK ope dav he saw
a man with a very Una horse and said;
"Thai's a good animal, niv man. 1
will give yiu $5.<>n? foi him
"Oh '? was the reply, with a sneer,
n you win: Why. i fast paid IS.000 to
have h:m OB tried."
Crasy for Gold.
As a result of this poor currency
The people are orazv tor gold In the
business sections there are money
changers In every block, and every
one wants to chance his paper for
gold. The proprietor of my hotel
grabs at ?ach ?:;>! i 0 ? and one of the
priests I met to-dav In the cathedral
asked me to exchange gold for six
eert dollars It is the same at the]
American <"iuh I was offered $1,803
there for a ten-dollar gold piece, and
I am told tha.t there have been times
when one could buy $-"? In Gnatesanla
for t] American. The value of gold
ehar.ire.s every day and n special de?
mand for It sends the currency kiting. \
At t!ie same time the wages on the;
estate? are paid la currency, und the'
Indians receive only a few cents of!
our money per day. Some think thisl
Is good business. They say that the. 1
piar?*ers get work for Guatemalan dol?
lars, while their exports are paid for
in gold I? the Indian gets $?. a day
he !s In reality receiving Only* IS Cents
and he Is more often paid !? or II
cents. This 1* said to be one of the
theories of President Cabrera*
A Bonknapt Cwwntry of Ereeet-aeass
The fa<yt ig the position of Guite
ira'.a Is much like that of a bankhupt
?ho srtili has one of the richest gold
mines of the world under his feet The
natural resource* of the country are
valuable beyond description. Guate?
mala abounds '.n rich mineral deposit
It le known-.ro have gold, silver, cop?
per iron -Ard- >iuf but tne country is
practically ur.prx-p, rtetl. ft has some
of the bent coffee -soil of the world
and it exports from eighty to one I
hundred million pounds every year. Itj
has rich grazing lands, and it will
grow rubber, cotton and sugar. There
is no country on earth which will pro?
duce bett-r or m >re bananas per acre
I than ?-?.?? Motagua valley, and it has In
I addition vast forests of timber, includ?
ing mahogany. icUar and dye woods.
j All the country needs Is money to
make it blossom like the rose and to
bring into use its vast resources in
lands, mlnea and labor. The labor
problem Is based upon tfM Indian pop?
ulation, which diaownta to more than
a million ami a haif in number, and It
is not dlffle-j.lt to handle. If the coun?
try could have a big enough loan to
put it on a gold basis It would soon
in' orn.? one ,,?' the richest lands of this
hemisphere. It is In the front door
jrnrd ol the (Tnnted states, it is with?
in two day - by atenmer of \. w Orleans
[ and it baa only thirtv miles of rail?
road track to build to unite Guatemala
Cty with the railroad systems of the
J Called states
I In the first place, however, the gov
I ernmoni will have to m cure its foreign
I debt. Which :> now held In Ku-ope and
; In our country, und then to make some
I kind of ar. a.-eanzement a# to the nir
i r< ncy. a number of loans have been
arranged foe from time to time in New
York, but fnr one r-a'tti or other, and
' rhiefly or account of the supposition
Fol the Germans, they have failed to1
I =-? throu'^n. Such arrangements are
I still pending, and they will probably,
result :n the regeneration of the coun
(iermnn < apltnl In (itinteroala.
i As it Is now, the Germans are the
I great leeches OB the body politic. They
j are sucking the life blood out of the
I business and are grabbing after every
! thing in sight. I am told th.r* their
: Investments in coffee plantations aJone
, amount to upward of f tJO.noi'.OOS, and
; that S? per cent of the coffee estates
belong to them. They are ready to
I buy the balance and it is said that
1 there are $:?".<> hi.ii.io now in Germany
I for investment here.
The Germans have got thjeir hold on
the country by watching the finances
; and buying '?' every time of financial
? ; ML T!i y took over the Coffee
plantations some years ago by loaning
? right and left when eoft"e was
! high. Th.-n coffee fell, there was a
? poor crop, and the planters who bor
1 rowed could not pay ' their interest.
? The mortgages w.-re foreclosed and as
1 no one was able to buy, the i'frirens
took :t. the beat r.statcs at their own
j The great trouble as to this Ger?
man ownersr:j> is absentee landlordism,
j The coffee all goes al>road and tne
j money stays there, while the planta
: tions are worked with Inditjn labor at
Great Stocks of Useful
f*1 * if* * '' ?? " ml to choose gifts that nil! make eyes i>parklr, because they're
Wm 1 # _T* ^ "x]y v,'rx -h?ng" you'll find theiri here. N< - ?; d oi happy suggestions that
seem t-> "hit t!-:> nail on the hc.id" they're so attractive and --o useful'
The Low Profit Policy
Will Make Your Christ?
mas Money Go Further
NatwaBy vtju arattt to giae the greatest
aaaoual ?>f pleasure with the money at vour
disposal I h< : VTSjII apprei iatc the r*conom>
and wisdosri of tl Loa V: >hx Policy" we be
Hen ia and pi \\, boy direct, in largr
Loft margin of
profit nm ii prices i iirtautl raaNvei
tb .; t an t hi r; lased .. ;;\ u here. You're
bouad In ti i r: here. Try us.
Give Useful Presents
( ? ?nmjnity T,M.
i ? - 9aaV,
i >:? ? --r Vt?.
1 IVrtaaaj Desk*.
i>... . mrMi I-*roi<
Vi?,t Thi, Gift Store
Now at Its Best
! from 10 to 15 cento a, day. This small
wage is practically all that Guatemala
gits out of her coffee crop.
Jealous of Americans.
The Gil I laaiia are very jealous ot
Americans and they are secretly op?
posing; every American Investment.
Th.-y have done this as to all electrical
i propositions, and they want to keep
I the Americans out of the wholesale
I and retail trade. As it is now. the
j largest stores belong to them, and
i they have their drummers going over
\ the country. Much of the business Is
I very profitable, and this Is so of all
i !*anking and mercantile enterprises.
The ordinary interest rate is 111 per
I cent an<l the pawnbrokers get t> per
(cent a month. The chief banks have,
'franchises from the government, and j
? they make loar.s in return for the right
! to issue certain amounts of currencyI
, which, as I have shown, is worth now j
! only ( cents on the dollar. Altoeether.!
? there are six banks, codi of which has
j a capita; ranging from $5,000,000 to
I $")*>.000.000 in gold. Then- ought to
I be a big American bark here an-i the
I country should be financed by the
j I'pited States. Cnder the Monroe r?oc
i t-ine we have to be responsible to a!
I certain extent for Its hllBlni-SS arrange- I
I ments. and to keep other nations from!
I enforcing their nairne we shail have'
Jio arrange for the debts.
I Some Big tmerlcao la?esfments.
Within the past few years co.islder
I able American capital has come into
I this country. The Motagua Valley and '
j its banana lands belong to the t.'n>te-l>|
Fruit Compan>, which has there many
thousand acree. and about 20.000. I
believe, already planted to bansnas
f The railroads of the r.ountrv are in
j the hands of Americans, and they have
! big schemes for controlling the trans?
portation. They will eventually rom
'? plete the system in conjunction with
' Mexico, and will extend their lines
! through the country south of this to
the Isthmus of Panama
Americans own the shipping wfilch
I mir,?.? to Guatemala- The I'nlted Fruit
j'"ompany has steamers twice a week
j to New Orb ans. and it frtqtasntly
j sends ships to New York Its steam
i er. fly the Kr.gliar. flag and they have
j Bngitsti w>mand-rs, hut they are
r bough* with .utSsfftCCfll money, and th?y
i carry little ?lse but American freight
anc paseeng?rs The reason way tue (
fruit company usns such steamers m
b< cause ander the navigation laws all
: steam-re sailing under the Arnetlci-a
; flag must be built in the United States,
j end ships can be bought more cheaply
; in England.
Th. K .gllsh steamers are Bot al?
ways satisfactory to the American'
paasergrr. Tie English captain taj
sometimes Inclined to be cocky and to
show his preference for hie own coun
|;tr.'. 1 >n a vovage a few weeks ago
I ' an Atnerlc.-.n woman took the Axnert
?an Tag which was bung at one side of
the sideboard in the sal own and ralseU
it up a little higher t!.*n the British
flag which decorated the other side,
i She thought this a Joke, but the Eng
' lish captain <?ld not see It that way.
' and he ttere-jpon o.-der?-?i the stewara
to pull down the American flag and
'?eve Up the British.
If the trsde he e were rightly ban-'
1 ??. ft might be monopolised by the
\merlcans, but as it Is the Germans
ave m >re than half as much as we
I have and the English are very < lose to
: ? rm. Our exports to Ooatemala run
et ween two and tares million oollare
rear, and Oermany and the t"nit--d
' m es-?, send? over a m.llion
?iermany burjrS a great Aeal m->-e then
?*' ? and the t'nlted Kingdom al?
most half as much,
i Our t-ede |? rot properly woTke?.
I We stss I t*B) %m the Cenrsaans We
- 1 ? ?>' d- immer? here who know
Ha .-c oige and Who >?t? lived long
.-' r. I attn A me-ten to know the
I people. WV unsold sewd out owr easta
|ccr,.? ?? dsn isnarwaate of the erune
- t in RngPeh as we ana now
fr-ahine ?f this I h-a-t s st?-s
la ' --c ? w-man ?-o bsvi bees,
j traveling on 'tee of Use errer s-testm
jara Sao was gvnasttag aesw ta? fur
O*? a POFTKE
The plokrrs reeelie
nace when she asked th? native engt
ii-cr what sort of fuel he employed, j
He replied. -\Ve use some cosj and a
Uttla wood, bi t the most of the fuel
hi composed of catalogues sent by j
American business f.rms printed for j
tbe flaslsinals t-a/le la a ianstuag?
the merchants cannot understand "
I Wdrrpald I'nstaae.
Anoth"- fault with Americans try- j
trie to do business In Guatemala is that i
they do not understand the postal
tea rests s day.
lat-s They know thst 2 cents will
rj a letter to Mexico, Canada or
I'.msmv snd suppr.se the same aum
Wtll carry 1t to any part of Cent-a!
America- This is not true letters
? h'-re requl'e 5?cent postage,
and every letter sent with j ist a 2-cent
rtam is subject to a fine of 30 cents
or more, which 1s paid by the man who
receives it. Catalogues underpaid have
a similar fine The result la that a
aercbaal gets sr. advertising eatav
locus with from RO to *ft cents due on
It. Hp pay* this amount, and then
finds that he cannot read the cata?
logue, for It Is printed in English
About half the business letters whi< h
come here are underpaid, and those
who receive them must pay extra post?
age bet?re they will be delivered One
Of the leading bankers here has Just
told me of his experience with a 'iank
In tit Louts. The Ht Louis nank teal
a letter requesting Information bej.
Ing a 2-cent stamp. The man paid Si
cents extrs postage to get It. and taV
wrote a courteous letter to the bank' I
and pointed out the m'stake and the
annoyance auch mistakes caused. In
i reply he received an apologetic letter
I from the president of the St Louts
bank Inclosing 30 cents north of
Amer'ean stamps, wh'ch he could not
use. The leMer Inclosing tnese stamps
also bore a 2-rent stamp, and the
Ouatemalan banker had to pay M cents
to get 't. He wrote again. and the
same thing happened a third time. It
took a fourth letter to show this live
Ht. Louis business man that a S-cent
atamp was necessary for Guatemalan
mail. All this was thank-\ou business
on the part of 'he Guatemalan.
I! Guatemala could make a loan of
aomething ilke |M,M9,A#d and ha\e
thla secured by the customs. I am told
that she would soon be on easy stie. ?
Her foreign debt now amounts to un?
der I'.'O.Oi.'O.'luf. hut she has default. 1
in Interest on this again and again,
and th- whole has been readjusted on a
4 per cent basis. On the 13th of July
of last year a settlement was made
with the fore gn boinlhi lders to that
effect wn , >i provided that the unpaid
Interest should ha wiped out at UM
end of three years There was also a
provls'on as Id securing the external
debt y the export duty on coffee ar.d
for the lssulny of new hon.:* sufficient
?to disi hurKe the present lien on the
I am told that the local currency
tdebt 10, 1?(|9 was grot 170.000.10e a
(currency, and it Is probably conslde -
(ably more to-day If the eurren.'?
could ha wiped out at anything ilk*
Its present value it would be a great
thing for the country.
Tame* and Iteteeues.
At present the chief source of the
l revenue Is from the roftee export tax.
which amounts to about $1 gold a bag.
As the coff ee exports are TOstM,
Or S0.0V) OOh pounds a year. U will be
seen that this revenue Is valuable. It
is aald that the government sell, tl I
tax at the beginning of the year to the
Guatemalan bankers for a llxed sum.
Issuing therefor coffee ?ipott tax. ear
tiflcates. The bankers s.ll the cer?
tificates to the coffee exporters sni
thev make a prent of the certificate
face value and the sum they pal
to the government, and this profit is
by no mean* small
The banks also mske bl^ money from
loans i iouret no? thev saada a natty
penny out of Knot's vi.? t. which must
have rorjuirel several hundred thou?
sand dollar* o' ?ew cash to paint up
j the towns but American flags for tna
children and ehsmpagr.e for the
American party. Ir. such cases the
President often tails upon the Banto
de Gustmelals, In ntch iJermajis ar?
interested Among the chief finan?
ciers are the Stahls who at
readv to l?r.d st sieh and other times
of need, relying on getting their
money back with big (merest. 1 sm
told tn.at the--e bankers recently bought
up the bonds of a loan whlth every
one thought had been repudiat.-d. The
got the bonds for a song, and then It
wa? found that the President had de?
cided they were an honest debt, and
should be rede?med There are soms
discontents who sav that His aftteeW
lency President Cabrera and other high)
ofTiclals shared In the profits
(Copyright. 1912. by Frank G. Car?
rflp?Ta! to The 7:rn?s-rr?rpe.teh ]
MontvaU. V?, r>eremh?r 7 ?M??
Key. of P?ril<-k. is visiting her friend.
Miss Henry Beard on Montsromer j<
John N. Wells, of Lyr.rMi-urs;. spent
Sunday a*, the home of his parents,
Mr and Mrs Jsmes M Wells
Mr* M C Iv.iek, who has been visit?
ing relatives In Roanoke and Buch?
anan. Is on a visit to her Mon-tvale
friends on her war to Crew?, where
she expeots to spend the remainder of
The winter She will be the guest ol
Mr said Mrs o E. Wilson.
Miss B*tt1e Buf>rd has returned front
a visit to relatives In Pouthwr-st Vir?
ginia snd Tennessee.
"Mamma, Gi'me Some
More Of Those
"You shouldn't bother mamma
when she's busy?but here's some
cookies. Now, run along and play.
Mother, (thinking out loud.} It
seems as if everything I bake with
this new flour I am trying comes
out well and every baking seems
to suit the whole family better.
I'll continue to use it/'
is thr low she's try ing. Why don't you trv it?
You'll have the me n suit exacrlv. You'll be
pleased w itl< your work and your family will too.
At your grocers. Try a sack. Guaranteed.
Neu Prague Flouring Mill Co.
JAMHS-CARTER CO., Inc . Distributors RICHMOND. VIRGINIA
( rrrrrprmtirirr SolK.f-M A ^ P 1AMF5 *>.f A(-rii?