Rensselaer Republican, Volume 27, Number 13, Rensselaer, Jasper County, 22 November 1894 — PORTO RICO'S BUSINESS DEPRESSION. [ARTICLE]

PORTO RICO'S BUSINESS DEPRESSION.

In a report to the State Department upon the present depression and unsettled condition in Porto Rico, United States Consul Hall at San Juan ascribes the causes partly to the abrogation of the reciprocity agreement with the United States, but more largely, to the demoralized condition of the island and uncertainty as to what Spain will do with the Mexican silver now current there. The Agitation of the question has produced great uncertainty and stopped importation. The planters would prefer Mexican silver with restrictions on importation removed, as a fifty-cent dollar governed by the markets of the world while bad in itself is at least preferable to an unknown and worse currency, like the the paper issue inflicted upon Cuba some years ago.