"As for all contracts and stipulations in money matters standing at present to be fulfilled after the appointed date of the 1st of January, I believe it would be but right to be paid off with six per cent. discount, which would simply disinflate them, because they were made with the basis of gold coins which had six per cent. premium; and discounting the same six per cent. when they were settled with coins whose said premium had been taken off, although the intrinsic value of which coins had remained unaltered during the time, would only be common morality and fair equity. Lastly, all those who would attempt to alter the value of money ought to be severely punished, according to the law of the country." With these supplemental facts, the case is fully and impartially before the reader. To accept the proposition of the Havana bankers meant a continuation of the inflated value of ten per cent. To concede the proposition of Dr. Jover and the Santiago financier would reduce the inflation about six per cent., still retaining Spanish and French gold in circulation at a slightly increased value. (Dr. Jover even includes the British sovereign at $5.) The other and only remaining course would be to accept United States money at its full value for customs and taxes and the foreign coins at their intrinsic or mint value. After carefully considering all these facts, the Honourable Secretary of the Treasury, Lyman J. Gage, prepared and submitted to the President the following order in relation to the future currency of Cuba: "EXECUTIVE MANSION, WASHINGTON, December 28, 1898. "It is hereby ordered that on and after January 1, 1899, and until otherwise provided, all customs, taxes, public and postal dues in the Island of Cuba shall be paid in United States money, or in foreign gold coin such as the Spanish alfonsinos (centen) and the French louis, which will be accepted in payment of such customs, taxes, public and postal dues at the following rates: Alfonsinos (25-peseta piece) $4.82 Louis (20-franc piece) 3.86 "That all existing contracts for the payments of money shall be payable in the money denominated in such contracts, and where French and Spanish gold shall be the stipulated money of payment they shall be received in their present decreed inflated values, _i. e._, alfonsinos (25-peseta piece) $5.30; louis (20-franc piece) $4.24, or in United States money at the relative value set forth in the above table, namely, $4.82 for alfonsinos (25-peseta piece) and $3.86 for louis (20-franc piece). "It is further ordered that on and after January 1, 1899, and until further provided, the following Spanish silver coins now in circulation in the Island of Cuba shall be received for customs, taxes, public and postal dues at the following fixed rates in American money: