The herald., 1897-11-03
Not Forthcoming Except
for Cash
SPAIN'S CREDIT EXHAUSTED
AN INTERNAL LOAN Is HED
ONLY RESOURCE
The New Captain General Cables His
Favorable Opinion Concerning
Pacihcation of Cuba
Press Special Wire.

Associated Press Special Wire.
LONDON, Nov. I'm well informed
circles here it is not believed Spain has
signed the contracts referred to in the
Daily Chronicle today as having been
concluded last week with an important
firm of British shipbuilders by which
Spain acquires some cruisers, armed
with quick firing guns, which the firm
had nearly completed for another gov
ernment. 1t is known that the Spanish
government recently endeavored to pur-
chase warships from British shipbuild-
ers, but the negotiations failed on ac-
count of Spains inability to pay cash,
and it was understood her agents began
looking for bargains in warships which
other countries were building.
Some of those countries are building
ships in England, among them being
Chile, and it is supposed the government
of that republic is willing to transfer to
Spain three cruisers which have been
practically completed by the Arm
strongs. The latter, however. are only
willing to sell the three cruisers to
Spain for cash.
The Thompsons finished six torpedo
boatdestroyers for Spain a year ago
The firm delivered two of the boats and
is holding the others under the pretext
Of finishing them, but the general sup
position is that the Thompsons are re-
ally holding the destroyers for payment.
One Of the foremost financiers of this
country asserts that Spain is unable to
raise more money abroad, and it is
thought unlikely that she can procure
warships on the promise of paying for
by internal loans.
This refers to the statement of the
Daily Chronicle when the question of
finance was raised by the constructors
of cruisers, which Spain would like to
purchase, the Spanish minister of ma
rine said that in the event Of war the
Spanish government could count upon
raising large internal war loan.
THE SPANISH REPLY
MADRID, Nov. "A semi official note
was circulated today. giving a more
exact indication of the contents Of the
Spanish note in reply to the commune
cation of the United States on the sub
ject of Cuba than has hitherto been pub
lished.
The first part of the reply is para
phrase of the latest note of the United
States. 1t concludes with the assurance
that Spain is animated by the same
friendly feeling as is expressed on behalf
of the United States.
The second part of the reply goes into
elaborate details concerning the various
filibustering expeditions. Spain, in con-
cluding that portion of her reply to the
United States, expresses the hope that
this phase of the situation will be
changed and that the United States will
try to prevent further violations of the
international law.
Replying to the offer of mediation
made by the United States. Spain says
she hopes the United States will act
'1oyally and correctly in helping Spain
to pacify Cuba, especially in view of the
fact that such an extended form Of au-
tonomist government is about to be sim
cerely granted"
a peaceful outcome of the situation, es-
pecially since Marshal Blanco's arrival
in Havana, as it is believed that his
presence will greatly further the solv-
ing of the Cuban problem. At the same
time it is pointed out that the submis-
sion of the insurgents cannot be ex-
pected "unless they are entirely aban-
doned by the United States"
<I,o
general of Cuba. has sent cable mes
sage to the Spanish government saying
he has formed a favorable opinion re-
garding the prospects for the pacif1ca-
tion of Cuba.
BLANCo's ORDERS
Marshal Blanco has issued orders to
the effect that all money found upon
the persons of killed or captured in
surgent officers Is to be deposited in the
fund for the relief Of invalid Spanish
soldiers.
Orders have been issued that all
Spanish troops are to leave within two
months the unused churches in which
they have hitherto been housed for lack
of other accommodations. Marshal
Blanco tomorrow will receive the con-
suls of the foreign powers who will, up
on this occasion, pay their first official
visit to the new captain general.
Special dispatches received here from
Madrid say that the recent mazaglne
article of Hannis Taylor. the former
minister of the United States at Madrid,
on Cuban affairs, has produced an un-
pleasant feeling at the Spanish capital
and it is added that the belief prevails
there that the government will be COM
PEELED to intervene in this affair. The
impartial says: 1T is very strange that
the Three Friends should leave the
United States engaged In lawful trade
and yet have a government official
aboard as a guarantee Of the legality Of
her voyage. 1t may be trick Of the
United States government to incite