Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1897-10-21
TENDER OF MEDIATION.
Rance of the Presidents Recent
Note to Spain.

Sw York, Oct. lS.-The Herald
fshes the following, based on high
brity, which it claims is substan-
the instructions issued by Presi-
Mckinley to Minister Woodford
presented to the Spanish queen:
bne but the most kindly relations
between the present administra-
hnd Spain. and as far as lies in the
r of the administration they will
nue.. The belligerency resolution
h passed the senate at the last ses-
cf congress merely bore evidence
be tremendous popular feeling
hghout this country in favor of
The house, to he sure, voted
b the resolution passed by the sem
but this was with a view to post
be- the issue and not doing anything
he moment that could be construed
bstile to Spain.
Bc house, like the senate, is strong
sympathy with Cuba. This feel
# sympathy throughout the United
IS will undoubtedly take shape as
as congress convenes, and it is
sary for the president to commune
TO congress such recommendations
) deems best to make in regard to
Sn affairs.
hder the circumstances, the gov
Vent OF the United States tenders
best offices to mediate between
and Cuba. and it offers to medi-
b as to bring the war to an end on
| terms as will be honorable to both
es. This government expresses
hope that Spain will reply by the
|bf October, so as to give the presi-
a chance to report to congress by
lime it convenes.
be Herald also publishes the follow
(which it claims details the real
instances which led to the down
bf the old cabinet:
early all of the Spanish bonds had
floated in France, and the recent
F were placed there, but the latest
ication for further loans had not
favorahly responded to. The only
hs, therefore, OF raising money was
ugh the Bank of Spain, through
Eh application was made at the rate
10, 600 pesetas, or T12, 100000 a
th, in order to carry on the war in
! and the Philippine islands. The
X of Spain declined to make fur.
advances to the government sew
weeks ago, and the cabinet there
J removed the governor of the bank.
recently appointed governor of the
thereupon tried to force upon the
committee, or board of directors
duplication OF the government for
kional loans, but his efforts failed.
bis was followed by the determina-
of the cabinet to take steps to re-
the interest rate on the govern
bonds of 8 to 6 per cent to BIZ
4 per cent respectively. Imme-
ply the cabinet was deluged with
Fsts. Some of the objections came
persons high in authority and in
fition to dictate terms to Spain.
be combined weight of conserva-
in Spain, which embraced, as in
ted, the bulk of the holders of Span
bonds, whose interest would be cut
|wo, Immediately answered this
bsition with the suggestion that
(uld be far better to stop all war
nses than to adopt such radical
e. In fact many of the conserva-
said it would be better to gain
hing in the way of indemnity
b Spain could obtain by the sacri-
bf sovereignty and accepting an
to grant liberty to Cuba, if it
be brought about in a way that
not be dishonorable to Spain.
hueen yielded to this, and the re-
Tas the resignation of the old cabi-
nd the calling upon Sagasta to
a new one.