. St. Nicholas [serial]. ing the French influence. We have also a new lib-erty set from Nicaragua. This is the work ofWaterlow & Sons, and is an attractive-looking stamp,. MM NEW ISSUES OF MONACO, PORTUGAL, AND NICARAGUA. dated 1911. The five and twenty-five are in two colors,the others in one. We understand that the highervalues will be of different design, and in two colors. After a series of surcharges to use up the oldstock of stamps on hand, the new republic of Portu-gal issues its first stamps. These are in solid color,like the Swiss. They bear the portrait of a peasantwoman crowned with


. St. Nicholas [serial]. ing the French influence. We have also a new lib-erty set from Nicaragua. This is the work ofWaterlow & Sons, and is an attractive-looking stamp,. MM NEW ISSUES OF MONACO, PORTUGAL, AND NICARAGUA. dated 1911. The five and twenty-five are in two colors,the others in one. We understand that the highervalues will be of different design, and in two colors. After a series of surcharges to use up the oldstock of stamps on hand, the new republic of Portu-gal issues its first stamps. These are in solid color,like the Swiss. They bear the portrait of a peasantwoman crowned with the Phrygian cap of liberty,in one hand a sickle, and in the other a sheaf ofgrain. This issue marks not only a change in stamps,but in currency as well. The milreis now becomesthe escudo, and the reis is changed to centavo. Thenew centavo is equal in value to ten reis, while 100centavos make the escudo. No longer does the portrait of Leopold—with hislong gray beard and glittering eye-^adorn thestamps of Belgium. A new set is issued, the one-centime being orange and bearing a large figure onein a square label surrounded by an ornamental back-


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Keywords: ., bookauthordodgemar, bookcentury1800, bookdecade1870, bookyear1873