The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-02
TERMS OF SETTLEMENT.
Nicaragua Gires Sufficient Guarante
to Pay the Demand.


to Pay the Demand.
WASHINGTON, D. c., May IA guar
antee of the payment by Nicaragua of the
indemnity as required by Great Britain
will be made in the amplest manner posi-
BILE, 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 fol-
lows
First-The promise of the Nicaraguan
Government, which, inasmuch as the
Government has never defaulted in its
obligations, is of itself regarded as a guar
antee.
Second-The Bank of Nicaragua, ma
tional institution, with recognized stand
ing 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 f15, 800 in Lon
don bank if Nicaragua desires the favor
Fourth The Nicaragua Canal Com
pany, whose word in London will be ac-
ceptable in the highest financial circles,
will give either the guarantee or cash, if
need be.
Besides these guarantees, any one OF
which is available and is regarded as am
pie, the Nicaraguan authorities are said to
have actual funds Immediately available,
without calling for outside help. A guar
antee by the United States is not regarded
as essential under the foregoing circum-
stances.
A final proposition, as now concluded be-
tween Nicaragua and Great Britain will,
therefore, be as follows:
Great Britain agrees to immediately
evacuate Corinto and withdraw her fleet.
Nicaragua agrees to pay the 915,5OO in
London fifteen days from the sailing OF the
fleet from Corinto. According to these
terms the fifteen days do not begin to run
until the actual sailing of the feet The
latter feature was insisted upon by Nicar-
aqua as means of checking popular agi-
tation and as a step toward maintaining
her dignity.
DIR. Guzman called at the State Depart
ment at II o'clock to-day Up to that time
he had not received official confirmation OF
Great Britain's acceptance, although the
correctness of the unofficial advice was not
questioned.
From the British standpoint the accept
ance of the compromise and the immedi-
ate evacuation of Corinto establishes the
good faith of Great Britain in her declara-
ton that there was no purpose of occupy
ing territory. From the first the British
authorities have assured ambassador Bay-
ard, and the latter has so advised Secre-
tary Gresham, that there was no purpose
of aggression or of securing a foothold in
Nicaragua. The only purpose, Earl Kim
berly has said, was to collect debt by
such force as was necessary and then de-
part.
Nicaragua, notwithstanding these assur-
ances, has maintained that the collection
of $77 800 was merely covert means OF
occupying 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 representa-
tons.
The withdrawal of troops from Corinto
and the departure of the feet not only
ends all question of British territorial ex-
tension 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