A partial adjustment of the question was suggested to the author by Dr. Antonio Jover, director of the Spanish Bank of the Island of Cuba, and as Dr. Jover is an authority on Cuban finances, the statement thus made is quoted in full: "The only way to settle all the difficulties of the present Spanish monetary state of things is to declare legal tender the American dollar and admit at par all Spanish gold coins. "1. Thus the onza should be worth $16; the medio onza $8; the doubloon, $4; the escudo, $2; the centen, $5--that is, pretty nearly its intrinsic alloy and weight value. "2. The English sovereign ought to be taken for $5, and the French louis (which circulates in Cuba in great numbers) for $4. "This arrangement, that slightly improves the value of the Spanish gold,--for the centen is worth in the New York market $4.87 or $4.90 at the utmost,--would tend to drive to Cuba the foreign coins of this country, perfectly useless for circulation. As for the Spanish silver, it is considered there almost as a merchandise or stock value subject to daily quotation, and it is really troublesome in its use. Therefore I would propose to give it a fixed value in American gold, thus-- Value. The peso....... $ 0.60 The medio-peso. .30 The peseta..... .12 The real....... .06 The medio-real. .03 "This value is a little less than the price of quotation to-day, but it is much more than it was a few months ago, but I do not think acceptable the use of any coin without a fixed, invariable value. Now, as the American currency and the American silver would stand at the par value, and, on the other hand, the Spanish silver is at the present quoted higher in Spain, there too would likely go a large quantity, if not all, Spanish silver coins; that nevertheless would not be objectionable, but rather convenient to both nations. Bronze or copper coins should be received just at half their face value; the _centavo_ for half a cent American gold, and the two-_centavo_ piece for one cent. But as this implies a change in the standard value of the Spanish gold dollar, which up to the present has been the basis of all contracts and dealings of the country, it will be necessary to fix a date to implant the new system, and that can be no other but the 1st of January next. Hence, from that date all money transactions will be understood to be on the basis of American gold, with American currency; Spanish, French, and English gold at par value; American silver to be accepted also at its full value only in quantities not exceeding $5; Spanish silver at the stated rate, and foreign silver coin as merchandise.