Hayti; or, The black republic.St. John, Spenser, Sir
History
Hayti; or, The black republic.
St. John, Spenser, Sir
Haiti; Haiti -- History
The circulating medium in the early days of Haytian independence
consisted of foreign gold and silver coins, and then some fabricated
in the country, of inferior quality and appearance, of both silver and
copper. In 1826, President Boyer beginning to feel the pressure of
his engagements with France, issued paper notes of different values.
Being irredeemable, they soon fell to a heavy discount, 3½ to 1. The
succeeding Governments, as I have noticed, continued the same course,
until, on the accession of Soulouque to power, the exchange was about
4½ to 1. The unchecked emissions after he ascended the imperial throne
gradually lessened the value of the paper, until, in 1858, it was 18 to
1.
Some order having been put into the finances by General Dupuy, the
exchange in 1863 was more favourable, being 12½ to 1; the troubles
which succeeded in 1865 sent it to 17 to 1; and with the revolutionary
Government of Salnave and the civil war that followed it went down
like the assignats during the French Revolution,--in 1857, 30 to 1; in
1859, 3000 to 1.
The issues of Salnave’s Government were so discredited that they were
at one time exchanged at 6500 paper dollars for one of silver. Until
lately the American dollar and its fractions, with a plentiful bronze
currency, sufficed for all wants. Now, however, a special Haytian
dollar is being coined, with the object apparently of preventing its
export--a very futile expedient, as experience proves.
A sort of National Bank, managed principally by Frenchmen, was
established a few years since, but its operations do not as yet appear
to have had much influence on the country. As the bank, however, has
some control over the collection of duties, it may introduce a more
honest perception of these imports; but I do not think the managers
will find that their lines have fallen in pleasant places.
THE END.
PRINTED BY BALLANTYNE, HANSON AND CO.
EDINBURGH AND LONDON.
FOOTNOTES:
[1] Ever since the reign of Soulouque, professional authors have
been paid by the Haytian Government to spread rose-tinted accounts
of the civilisation and progress of Hayti. But twenty-four hours in
any town of that republic would satisfy the most sceptical that these
semi-official accounts are unworthy of belief.
[2] Mackenzie states that he noticed the thermometer marking 99° every
day for considerable periods.
[3] It is a well-known fact that the noise of the approach of an
earthquake is generally heard; but in Port-au-Prince there is a curious
phenomenon which I have never known explained. A subterranean noise
is frequently heard approaching from the plains, and appears to pass
under the town without any movement of the earth being perceptible. The
Haytians call it “le gouffre,” or “le bruit du gouffre,” and many fancy
the whole of that portion of the island to be undermined, and predict a
fearful fate for the capital.
Public-domain text, read in full here on John Shaqi.
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