The islander. [volume] (Friday Harbor, Wash.) 1891-1899, 1895-05-16
INDEMNITY TO Be PAID
Only Question Now Is a Guar.
antee of Payment.
NICARAGUA WILL MAKE 1T AMPLE

Payment to Be Made in London Fifteen
Days After the British Fleet
Sails From Corinto.
Washington, May 3.-The guaran-
tee of the payment by Nicaragua of the
indemnify as required by Great Britain
will be made in the amplest manner
possible, so there appefars to be no fur
Their obstacle between the two countries
as to the final adjustment. The guaran-
tee will be in any one of several forms
as follows:
First-The pomise of the Nicara-
guam government, which as govern
ment has never defaulted in its obliga-
tions, and is Of itself regarded as
guarantee.
Second-The Bank of Nicaragua, a
national institution, with recognized
standing in London, will, if need be
given, guarantee it.
Third-The republic of Guatemala,
one of the richest of the Central Ameri-
can states, stands ready to deposit 1OO.-
600 pounds in London bank if Mica
ragua desires the favor.
Fourth-The Nicaragua Canal Com
pany, whose word in London will be
acceptable in the highest financial cir
cles, will give either a guarantee or the
cash if need be.
Besides these guarantees, any one of
which is available, and is regarded as
ample, Nicaraguan authorities are said
to have actual funds Immediately avail
able, without calling for outside help.
Guarantee by the United States is not
regarded as essential under the forego-
ing circumstances. The final PROPOSE
ton, as now concluded between Mica
ragua and Great Britain, will, there
fore. be as follows:
Great Britain agrees to Immediately
evacuate Corinto and withdraw her
feet. Nicaragua agrees to pay the
10, 500 pounds in London in fifteen days
from the sailing of the feet from Cor
into.
According to these terms the fifteen
days does not begin to run until the
actual sailing of the feet. The latter
feature was insisted upon by Nicaragua
as a means of checking popular agita-
ton, and as step toward maintaining
her dignity.
DIR. Guzman called at the state de-
partment at II o'clock today. Up to
that time he had not received official
confirmation of Great Britain's accept
ance, though the correctness of the un-
official advices was not Questioned.
From the British standpoint the accept
ance of the compromise and the i'm
mediate evacuation of Corinto estab-
fishes the good faith of Great Britain
in her declaration that there was no
purpose of occupying territory. From
the first, the British authorities have
assured Ambassador Bayard, and the
latter has so advised Secretary Gresh-
am, that there was no purpose of ag-
erosion or of securing foothold in
Nicaragua. The only purpose, Lord
Kimberly has said, was to collect the
debt by such force as was necessary
and then depart. Nicaragua notwith.
standing these assurances, has main
tanned that the collection of said ST.
500 was merely covert means of oc-
cupying her territory. This view has
prevailed very widely here, even in
some official quarters, although the
policy of the government has been to
accept the good faith of Great Britain's
representations. The withdrawal of
troops from Corinto and the departure
of the feet not only ends all question
of British territorial extension in Mica
ragua, but also puts at rest the fears
entertained that the control of the Ca
nal route would be seriously affected
by the proximity of British forces. The
cost to Nicaragua may be more than
the original $77,50 It was neces-
sary to raise 5000 extra troops at cost
of $4,000 per day. The abandonment
of Corinto as customs point has also
resulted in much loss. The disturbance
to business and commerce is a loss
which cannot be measured in dollars.
London, May Sit is learned on
good authority that Great Britain has
agreed to the proposed settlement of her
dispute with Nicaragua if the payment
of the indemnity is guaranteed. 1t is
said the affair is practically settled.
The following semi official announce
ment was made this evening: The
statement that the Salvadorean minis
ter submitted to Great Britain on be-
half of Nicaragua certain propositions
is correct. The matter is now being
considered, and if reasonable security
is given for the fulfllment Of any un-
dertaking to comply with Great Brit
aims demands the matter will be ar
ranged without indicting further hu-
initiation.