BAND
CONGCERT.
U. 8
NAVAL BAND,
‘
Christiansted,
Virgin Islands,
This Evening
Nov. Tth.
1919.
First
Class
Musician
A. Sebastian
Forbes.
'
Conductor.
PROGRAM:
Part
1.
March.
The League
Os
Nations.
-.- Jos-
eph F.
Wagner.
Waltz.
One, Two, Three, Four,....Arr,
M.
L. Lake.
Overture.
Exuberance
..
..Al
Hayes.
Tango.
The
Maurice.-.-Silvio
Hein.
Part
11.
March.
Liberty
Lads.....
Lee
Orean
Smi
h.
Instrumental
Novelty.
The
Blue
[lag
_
... .Carrie-Jacobs
Bond.
Overture.
Lustpiel
.-
...Keler
Bela.
One Step.
Take
Me To My Alabam’
...
Wili A. Dillor & Harry Tobias.
NATIONAL ANTHEM.
o
G
We have
been
kindly
furnished
with
copies
of a letter
addressed
to the
Gov-
ernor by the
Board
of Trustees
of
tae
St. Thomas
Savings
Bank,
and
a Resolu-
tion framed
in St. Thomas,
and present:d
through
membersof
the Colonial Council,
Mr. Orville S
Kean being the speaker
on
this occasion.
Both documents
relating
to
the
currency
question and expediency
of
action
to remedy
the situation.
We
pub-
lish them
in this
ilssue and
as they explain
themselves,
would onlv refer
our readers
to the articles
from
which may
be
gain-
ered
the views
existing
in the
sister
is-
land
on
the
present
financial
problen:
which
has equal importance for St.
Oro:x.
Schor.
Ister
Anita
sailed
from
tois
port
for St. Kitts with the following car-
oo of animals,
exported
from
differeat
estares
in this island
for
account
of Nr.
J.
C. Jones:
25 horses,
19 horned
catt.e,
1 ass,
2 sheep
and
some
hogs.
Owing to the calmnéss
of the weather,
the
vessel
was towed
out
of the
harbor.
I'he cine
show of last
night
was
good.
The audience
was fairly large and
enjoy-
ed
the fine pictures
_
Virgin Isiands
of the United States,
‘
24th.
October
1919.
To Admiral 4.
W. Oman,
Governor
of
the Virgin Islands
of
the United
States,
St.
I'homas.
Your Excellency:
'
The
irustees
of the St.
Thomas
Sa -
ings Bank representing
(o a considerab.e
extent
the
rrade,
shipping
and
proies-
sional
men
of the
island
beg to lay
be-
tore
the
Government,
the
situation
thot
has
been
created
by the
recent
abnorm:l
increase
in the
rate
of
exchange,
ar d
the effect that it has had,
and wiil
have
on
the
business
life
of this
community.
N
3
B
X
AV i
f
The St.
Thomas
Savirgs
Bank is
an
in-
.
stitation
that
has
been
in existence
for
!
over 70 years,
and
is
the
oldest
Institu-
tion of its kind in the island.
‘
|
It was established
and
is conducted
for
‘
the encouragement
of thrift and industry
among
the
laborine classes.
‘lhe
same
spirit of
benevolence
that
animated
its
~
founders,
has
been
continued
in its
ad-
.
ministration
during
these
years.
and
the
.
Trustees
feel
that
in
representing
the
serious
situation
ereated
by
this unprece-
~
denied
lowering of
the purchasing
pow-
er of our
currency,
they
are
acting
for
i
the best
interests
of the eommunity.
|
The rise
in the rate of exchange,
which
has
lowered the
buying
value of our dol-
lar hy almost
25%.
has
raused
a revolu-
tion in
prices
and all money
transactions
and
affects
all
classes
in
these
islands.
This
state
of affairs
is likely
to continue
whatever
efforts
may be
madsz
to
correct
the situation,
and
eonstant
triciion
must
follow
not
only
in
business
but
also
in
the
money
relation
of
all
classes
of 2m-
plovars
and
emplorees
because
of
the
inevitable
fluctuations
in
the
value
of
cur
currency
dependent
as
it
is
upo
the
money
market
of
Copenhagzen.
hagen.
A similar and
as seriousa
s1
ua-
tion
arose
in
September
1892-when
the
coa.
laborers
and others
reiused
(o accept
Mexican S,lver in payment
~n account
of
the
depreciation
of that
coin, and
a riot
was
only averted
by the able hacdiing of
the «ituation
by the then Pslicemaster,
H.
M. V. Fischer.
K.D., and the prompt
re-
tirement
of the Mexican Currency.
‘he
prescent
state
of atfairs is
more
serious
in
its potentialities.
We
are
an American
colony, supposed
to
be
enjoying all
the
many
advantaces
arising
from citizenship
in a great
coun-
try
which
is
now the fo.emost
in wealth
and business
inthe world to-day,
bat
in the
vital thiug of every day material
life—our
currency
which
is
the
life
blocd
of the
comrunity
—we are placed
by the present
condition
of
things
in
the
position of a
foreign
country.
The
money
sovereign-
ty, which
has
the greatest
power
for
tne
material
comfort
and
welfare
of
our
peopie,
can
deal
wirh
our interests
in
a
way =ntirely beyond
our
conitrol.
We
are
all
agreed
as
to the nacessity
of the change
in our currency
0 the legal
tender
of .the United States,
the
Ameri-
can
Dollar,
the
money
of
the
country
that
we
now have every rignt to elaim
a:
our
own.
The Board of Trustees
of the St. Thom-
as
Savings
Bank
is composaed
of gentle-
men .n quite intimate
touch
with all class-
es
of
the
communitv,
and the situation
as above represented
is the real aad
true
one.
Believing
this,
hey
respectfuily
represent
to
the Government
the
neces-
sity that steps
be taken immediately look-
ing
.o
the introduction
of the
American
Dollar
as
the
legal
tender
of our
coun-
try,
and
the
retire
snent
of the
present
currency.
.
We sincerely
hope
"at the change
will
be
effected
on
the basis
of the Mint par
value
of
Exechange
between
United
States (iold and the Gold coin in which the
Notes
of
the
National Bank of the
Dan-
ish
West
Indies
are
redeemable,
viz:
Scandiraviar,
and
Danisk
West
Indian
Gold coin.
In such
manuer that the
econ-
omic
conditions
of the virgin islands
be
not discurbed.
The
roard
of Trustees
in representing
this
matter
vothe Government,
is confi-
dent
that
tle changes
above
mentioned
can
be
effected
without
infringing the
richts
and
privileges
enjoyed
by
the
Nationai
Bark of the Danisin
West Indies.
And
the
Board
:mbraces
the present
oc-
casion
0
vcice
Its
high appreciation
of
th2
Nationgl
Bank
oif
the [anish
West
In lies, aninstitution
that from the
ume of
its establishrient
in our Island
has
been
a
great
benefit
to all eiasses.
[is adminis-
tration
has
always
been
<1 the kindest
and
mos:
ecnsiderate
character,
and
we
wish
o prace
on record
cur sincere
sense
of appreciarion
not
only ol the helpful-
ness
of :his fine business
corporation
but
also
of
the kin2ness
and courtesy
of the
present
and
former
Managers.
The
Boird,
however,
feels
that
the present
state
of
affairs
is unnatural
and
danger-
ous
too
tine
material
we tare of theisiand
and
that
it
should
be dealth
with in the
most
adeguate
manner
as
soon
as
pPossi-
ble.
With
tie
econviction
that the
Gov-
errment
will realize,
even
more
complete-
ly than
we
co,
the
need
of immedia-e-
--action
in this
matter,
~¢ beg
to remain,
Most respecifully,
ON
BEHALr
OF
THE
BOARD
OF
TRUSTEES.
RESOLUTION
concerning
the
change of Curiency
in the Virgin Istands of the United
States.
WHEREAS.
The
Colonial
Council
for
St. Thom:
¢ and St. Jokn, representing
the
entire
Community,
and
having the
true
welfare
of the
people
at
heart,
is
ever
desirous
of
oHromoting
their
material
interest;
and,
WHEREAS,
in
all
crises
the
people
look to their representatives
to take
such
action
as
wil.
ameliorate
the
exisiing
hardships
resultant
, fiom
such
erises;
and.
:
WHEREAS,
the
people
of he
Virgin
Islands
are
ncw confronted
with a
very
grave
and
serious
economic
situation,
brought §about
by the
rate of exchange
on
New
York being
suddenly
and
un--
precedentedly
raised
on thelbth.
October
1919, from™5% to 2847,
thus
increasing
the
cost of the necessaries
of life, which
was
already
high, and
thereby
making
the burden of life heavier
for a!l,
moreso
the poorer classes;
and,
WHERLAS,
our
rate
of exchange
is
controlied
by
the
money
market
of
Copenhagen,
and
is
dependent
on
that