OCR Text |
Show COIN FOR PHILIPPINES New, 60 Cent Piece Specially For the Philippines Phil-ippines Recommended For Coinage. Accompanying the annual report of Secretary Root is a report made by Special Commissioner Charles A. Conant, who was sent to the Philippines Philip-pines to investigate the currency situation sit-uation His recommendations are isubmitted to Congress for its action. The most impoitant are: That there should be a distinctively Philippine coin of silver, which shall ,be legal tender for 50 cents in gold, to be called the peso and to contain twenty-five grammes of silver. The coin is to be issued in such quantities as trade requires, and sustained at a parity with gold by limitation of the amount coined. The Mexican silver dollar and other coins shall cease to be legal tender after a certain date. |