[The Story of the Philippines and Our New Possessions, by Murat Halstead]@TWC D-Link bookThe Story of the Philippines and Our New Possessions, CHAPTER VIII 21/24
The native will take ten dollars in gold for ten dollars only in all settlements of accounts, and would just as willingly--even more so, accept ten Mexican dollars as ten American dollars in gold coin.
Salaries are paid and goods delivered according to the silver standard.
Of course, in due time this state of things will pass away, if we hold to the gold standard, but as the case stands the soldiers and sailors of our army and fleet, paid under the home standard, receive double pay, and get double value received for clothing, tobacco and whatever they find they want--indeed, for the necessaries and luxuries of life.
The double standard in this shape is not distasteful to the boys. We have both theories and conditions confronting us in these aspects of the silver and labor questions.
The Oriental people are obdurate in their partiality for silver.
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