The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1898-11-14
1HE PEACE PROPOSALS.
An Alleged Plan to Syndicate"
the Philippines.
NO ULTIMATUM YET PRESENTED.
Our Commissioners Have Not Been
Given Time Limit in Which to Con.
cludc the NegotIations-spain' Cred
itors Watching tho Negotiations.

cludc the Negotiations-Spain Cred
.itors Watching tho Negotiations.
Paris, Nov. 14.-Among onlookers
here the impression exists-though 1t
Is not the result of any official state
ment--that the Spanish peace commits
sioners will not sign a treaty which the
American commissioners could sign.
It seems almost possible. though
that in the pitable pressure to which
the Spanish commissioners are subject
ed between their large creditors, who
are on the spot watching them, and the
stern attitude of the United States,
the spanlards may abandon their
struggles and leave the two forces to
J.. confront each other.
The statement is printed here that
. the last memorandum from the Amer
leans is regarded by the Spanards as
a stern ultimate, but as g. matter Of
fact the Americans have not presented
IN ultimatum. save as their treatment
Of the subjects in hand may be un-
answerable. 1t IS only since Wednes-
F.. day last that the Spaniards have begun
to feel that the Americans purpose
b, thinking over the Philippines. and that,
too, without any assumption of Spanish
Indebtedness. AS they are now con-
Hinced Of this, 1t may be that Spain's
next presentnent In conference will be
the supreme rally Of her diplomatic.
argumentative and tactical forces. 1t
may even mark the conclusion of all
she has to say, but If the rules OF pro-
cedure are followed the Americans
would still have another presentation
to submit.
: Ever since Oct. ! 1t has been within
the range of possibility that at any
meeting an open rupture might occur,
and on one or two occasions it might
nave been easily fact, even before the
taking up of the Philippines question.
The boundaries of the field in which
that question is being worked out are
becoming more apparent and the angie
of final settlement cannot be far off.
II treaty is to result here 1t may
fairly be expected within three weeks
although it Is not true, as reported
from the United States, that the Amer
leans have instructions embodyins a
time limit for the conclusion of the
conference.
The acquisition OF the Philippines for
las years by an international syndicate
ig a runor based on facts Of which The
Gaulois and other papers give details.
This is the alleged scheme:
~ A syndicate representing $4OO,OoO,90O
capital proposes to take over the com
mercial resources and advantages of
the Philippines for term of - years,
paying to the dominant power therein
1926 coo 900 for the privilege,
4 Under the alleged terms of this
scheme the dominant power would ad-
minister the political and military gov
Iernment of the islands at it's own eX-
Ipense, under the apporiionment named.
sNhile the syndicate would collect all
lcustoms and other revenues for the
Herm specified.
n The scheme involves giving Spain
SITS, 100000 to satisfy any real or I'M
aginary claims she may make as to the
territory This feature is said to he
based on the assumption that the Uni
ted States will be the dominant power.
The remaining 800. 200, 600 OF this re-
puted syndicate would be reserved as
its working capital.
The sponsor of the project is a Mr..
Young, said to be son of Brigham
Young, and an attempt is apparently
made to create the impression that the
capital OF S4GO, OGC 900 is already UNDER
written.
II Is thought possible, however, If the
alleged syndicate has an existence, that
Americans may have an opportunity
given them to join with it in holdings
Of large or small amounts Whether 1t
prove veritable or otherwise friends OF
the United States here are asking If the
scheme Is not intended to embarrass
the Americans by an offer, real or ap-
parent, Of $500. 600, 600 for Il limited time
for he use of what the Americans may
desire to acquire In perpetuity for d
sum relatively nil.
Hon official Americans in Paris put
aside as unthinkable the assumption
that he United States would farm out
Its burdens or it's advantages. if any.
In the Philippines, which, if acquired.
will be taken over as indemnity at
tending the discharge Of high RESPONSE
bii.!as. In any event the American
commissioners will doubtless first ask
whether the announcement is timed TO
serve the ends of the syndicate or to
hinder the efforts Of Judge Day and H..
associates to effect an anicable adjust
mcnt OF Tie Philippines question.