Show T BOLD IN ARCHIPELAGO Scarcity of Yellow Metal in the Islands RATE OF EXCHANGE FIXED Commission Decides for tho Second Quarter of This Year That 227 Mexican Silver Will Be Necessary to Exchange for One American Gold Dol1 lJiTbii Means a Considerable Increasa in Salaries of Civil Employees Em-ployees Gonl Chaftee Will Go Upon Up-on Tour of Inspection to Snmar I Manila March 30The United States Philippine commission yesterday ilxed the Government rate of exchange for silver for the second quarter of this year at 227 Mexican silver for one gold dollar The rate of exchange yesterday yes-terday at the banks was 2J2 Mexican for one dollar gold but the banks refused re-fused to sell sold In large quantities not having sulllcicnt coin to do so The banks have notllled xtho Quartermasters Quartermas-ters department that it In impossible for them to cash Quartermaster checks GOLD IS SCARCE The scarcity of American gold is attributed at-tributed partly to the banks and largely large-ly to Chinese speculators who always buy American gold at a quotation two points higher than the bank rate This action of tho commission In making tho Government rate higher than the bank rate of exchange has created much discontent among importers They are unable to obtain sufficient gold to pay import duties and must consequently pay these duties in silver at the Government rate of 227 INCREASES SALARIES The employees the civil government govern-ment are elated at the now rate of exchange ex-change as it means a considerable increase in-crease In their salary It is the intention inten-tion of the commission to endeavor to retain the gold in archipelago The bankers of Manila say that the monetary mone-tary situation in the Philippines cannot can-not be helped by governmental action and that a reaction as Important commercially com-mercially as the Philippine archipelago must affect the worlds markets TO SUBPOENA AGUINALDO Senor Valdez the editor of a local paper who has been sued for libel by two of the Filipino members of the United States Philippine commission will subpoena Agulnaldo to appear In court and testify in the case Gen Chaffees permission to this step has been obtained TIRES OF REBELLION R flno who spent 30000 in his efforts ef-forts to Incite rebellion in the province of Misamis Island of Mindanao now declares he is tired of rebellion and has offered to surrender with seventy live rifles to the native constabulary CHAFFEE GOING TO SAMAB Gen Chaff e will leave Manila April 10th on a bur of Inspection to the island Samar He will visit every POIt in the island and will witness the surrender there April 15th of the insurgent in-surgent General Guevarra After this surrender the American garrisons in Samar will be largely reduced DEATHS FROM CHOLERA During the last three days thero have been ten new cases of cholera here and four deaths from the disease |