The record-union., 1897-09-02

(Correspondence Of the Associated PreSs)
MANAGUA CNicaragua), Aug. Is
Reports are current of conspiracies and
threatened revolutions against Presl-
dent Zelaya's government. These re-
ports come from the civil departments
of Rivas, Granda and Matualgapa. 1t
is also reported that President Zelaya
has received letters threatening him
with assassination These troubles are
said to be due to the very bad financial
condition of Nicaragua, oppressive mil
itary government and the extraordinary
expenses incurred in keeping under pay
a large number of soldiers, policemen,
detectives and spies.
The financial condition in Nicaragua
seems to be growing worse instead of
better; 40 per cent. and more premium
is now offered and apparently without
takers for reliable bills of exchange.
Nearly all American coins have been
exported for sale as bullion, and parties
are boarding the 20-cent, 10-cent and
5-cent sovereigns OF Nicaragua and the
soles of Honduras. Not one of these
coins contains more than 50 per cent. of
silver. The Government of Nicaragua
is considering three propositions for re-
lief:
First-That of establishing bank to
issue paper money based on the esti
mated value of real estate.
Second-The passage Of legislation
which win allow the Government to is
sue 81, 10000 of paper money to be
guaranteed by 100000 pesos silver fur
nished by Europeans.
Third-The introduction of an arbi-
trary system of taxation, which will
practically compel owners of real estate
in Nicaragua to become guarantors or
the State to become a guarantor of such
an amount of paper money as a COM
mission appointed by the Government
of Nicaragua may determine.
In the meantime the people Of Nicar-
aqua are apparently becoming very
restless, and they are exhibiting as
much dissatisfaction as possible under
the existing Government.
Many persons believe that the Gov
ernment itself is boarding silver for the
purpose of being able to sustain itself
in power in the event of a breaking out
of a threatened revolution or in case
war should occur with Costa Rica.
Others assert that the President OF
Nicaragua has arranged to hoard
money in Europe, hoping to live like a
wealthy European Prince when it is
impossible for him to longer remain in
power.
Hon. j. B. Rodriguez Envoy Extraor-
binary and Minister Plenipotentiary of
the Greater Republic of Central Amer
lea to the United States, has been visit
ing in this city and left recently for
San Juan del Norte for the purpose of
pleading before General Alexander. the
arbitrator appointed by President
Cleveland to determine the merits of
the controversy over the eastern COM
mencement of the boundary between
Costa Rica and Nicaragua
This difficulty grew out of the declar-
ing in the treaty of April, 1858, between
Costa Rica and Nicaragua, to the eff
feet that the eastern extension of the
boundary between these two countries
should be the channel where the Rio
Juan del Norte enters the sea. The
trouble is that the channel of the river
is now several miles to the south Of
Costa Rica, where it was in 1853. Nicar-
aqua claims the present exit, while
Costa Rica claims the outlet as it ex-
listed in April, 1858. While the engin-
eers sent by both countries for the pur-
pose of marking the boundary from
ocean to ocean We're discussing the
question before General Alexander in
May, 1897, a storm opened wide and
deep the channel as it existed in April.
1888 few days later the channel Of
April. 1858, again filled up with sand
and the course OF the river was again
DETECTED to the channel as claimed by
Nicaragua. If the channel of 1853 is
decided by General Alexander to be
the true boundary, then the eastern
mouth of the canal, as projected by en-
gineers, VIII be entirely in Costa Rica.