The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-23

Madrid, April 22.-2:30 p. m.-An i'm
mense crowd witnessed the military
parade in front of the palace this morn
ing, and intense enthusiasm was dis
played when the young king appeared
on a balcony
A big demonstration has been arrang-
ed to take place before the military
club tonight.
The queen regent consulted with Sen
ors Silvela and Romero, Ro bledo, Con-
servatives. The former said he agreed
with the declarations of Marshal Mar
tirez de Campos, when the latter said;
There are only two parties in Spain.
One is for peace, and the second is for
war. The first has failed, and the sec
ond ought now to be called
NO CABINET CRISIS.
The premier, on leaving the palace, at
2 o'clock this afternoon, declared there
was absolutely no foundation in the
rumOrs of a cabinet crisis.
The premier, during the day, an
nounced that the senate will meet to-
morrow, and the chamber will meet
Monday.
All the persons consulted by the
queen regent have advised continuance
of the Sagasta cabinet 1t is probable,
however, that the minister of marine,
Admiral Bermejo, will insist upon re-
signing, in order to take command of a
squadron.
Patriotic enthusiasm reigns through
out Madrid and the Spanish provinces.
The queen regent had long conference
today with General Weyler, and the
European diplomats had frequent con-
-ferences- with Senior Gullsa, minister of
foreign affairs.
SAGASTA'S POSITION.
London, April 2S-The Madrid CORE
spondent of the Standard, telegraph
ing Friday night, comments upon the
great extent to which Senior Sagasta
has strengthened his position by his
decisive attitude towards the United
States, and his advice to the queen reg
ent to consult all the political lead
ers"
He said: "Senor Sagasta probably
took the latter step because he felt,
and several of his colleagues, especially
Senior Moret and Admiral Bermejo,
felt, that their general position was
not popular. Martinez CampoS, after
his audience with the queen regent,
publicly declared that he had advised
her to stick to the Liberal cabinet, and,
if that were impossible, then to call on
the Conservatives to take the helm,
adding that if it became necessary, in
would be always ready to assist the
monarchy and his country, though he
had no personal ambition.
PANIC ON THE BOURSES.
"a most unpleasant feature of the
situation is the panic on the Madrid
and Barcelona bourses and in financial
circles all over Spain, despite the ener-
getic efforts of the leading bankers and
I q Stra mos of the nrpSS The
people have begun in Madrid, and even
more so in the provinces, to crowd the |
branch offices of the Bank of Spain, to |
exchange notes for silver, which has
long been the only current coin in |
Spain. Ell Impartial says that in three |
days 100000 pesetas have thus been |
in silver from the Bank of /
Spain at Barcelona.
THE decline in Spanish bonds and /
all the favorite securities of the native |
investors has been painful. AS every t
body knows, the Spaniards themselves |
nowadays hold almost all their con-
soils, their Cuban debt and other issues. |
1t will suffice to quote as an instance /
the Bank of Spain shares, which since
the last settlement have declined from
i.04 to 2.70; the tobacco monopoly,
which has fallen from 2.43 to 100, and
the Cuban bonds, which have fallen
from 80 to 81, while the exchange on
Paris has risen from 81 to 6S to say
nothing of the gold premiums.
Indeed, it was presentiment of the