The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-05-10

LONDON, May 1.-Great Britain has
agreed to the proposed settlement OF
her dispute with Nicaragua. The
payment of indemnity is guaranteed.
It is said the affair has been practi-
cally settled.
WASHINGTON, May 1.-The pay
ment by Nicaragua of the indemnity
as required by Great Britain will be
made In the amplest manner possible,
so that there appears to be no further
obstacle between the two countries as
to the final adjustment. The guarantee
will be in any one of the several
forms, as follows:
First-The promise of the Nicara-
guam government, which, inasmuch as
the government has never defaulted In
it's obligations, is Of itself regarded as
q guarantee.
Second-The Bank of Nicaragua,
national institution with recognized
standing in London, will, If need be,
give the guarantee.
Third-The republic of Guatemala,
one of the richest Central American
States, stands ready to deposit e15,5
in a London bank if Nicaragua 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 the guarantee or
cash if need be.
Besides these guarantees-any one
of which is available and is regarded
as ample-the Nicaraguan authorities
are said to have the actual funds i'm
nediateIy available without calling
for outside help. A guarantee by the
United States is not regarded as essen
tial under the foregoing circum-
stances. The final proposition as now
concluded between Nicaragua and
Great Britain will, therefore, be as
follows:
Great Britain agrees to Immediately
evacuate COrinto and withdraw her
feet. Nicaragua agrees to pay the
G15,5O0 in London fifteen days from
the sailing of the feet from Corinto.
According to these terms the fifteen
days do not begin to run until the
actual sailing of the fleet. The latter
feature was insisted upon by Nicara-
qua as means of checking popular
agitation and as step toward main
tanning her dignity.
pr GzI az c aae6dcR e to5daS STATE 90 To-
that time he had not received official
confirmation of Great Britain's accept
ance, although the correctness of the
unofficial advices was not questioned.
From the British standpoint the ac-
ceptance of the compromise and the
immediate evacuation OF Corinto es-
tablishes 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
Gresham, that there was no purpose OF
aggression, or of securing q fOOthOld In
Nicaragua. The only purpose, Earl
Kimberly has said, was to collect
debt by such force as was necessary
and then depart.
Nicaragua, Notwithstanding these
assurances, has maintained that the
collection of ST., 500 was merely a
covert means of occupying her terri
tory. 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 represen-
tations
The withdrawal of troops from Cor
into, and the departure of the fleet,
not only ends all question of British |
territorial extension IN Nicaragua, but |
also puts at rest the fears entertained |
that the control of the canal route |
would be seriously affected by the |
proximity of British forces. The |
affair has cost Nicaragua more than |
the original SIT 500. It was necessary
to raise 1000 extra troops, at q cost of |
$4,000 per day. The abandonment of |
Corinto as a customs point has also re- |
suited in much loss, and the disturb |
ance to business and commerce is q |
loss which cannot be measured in |
dollars.