The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1898-04-27
FALL OF SPANISH BONDS
Due to Exaggerated Fears
Based Upon the Conflict
With America.
THE PAYMENT OF COUPONS
SPANISH MINISTER OF FINANCE
DECLARES 1T rs ASSURED.

He Also Says That Even Admitting Spain
Has to Traverse Further Difficulties She
Will Recover Easiiy-No Reason for
Present tPessimism-BIanco Cables That
Three Destroyers We're Repulsed bv
Spanish Gunboat.
Madrid, April 26.--In the senate to-
day Marshal Count Chaste eulogized the
army in Cuba and recalled his expert
ence forty-five years ago when, as cap
tain general Of the Cuban forces, he
ordered the forts to fire on the ANGLO
American fleet, which was obliged to-
retire. He said he hoped that General
Blanco would fulfill his promise to come
through the conflict dead or victorious.
(Cheers). Senior Puigcerver, the minis-
ter of finance, replied that the govern
ment had great confidence in the army
and navy. A senator questioned the
government respecting the reported
sailing of the American squadron for
Manila, and asked if the former rebel
chiefs in the Philippines, notably Chief
Aguinaldo were on board the American
warships.
Senior Morel, secretary for the colo
nies, replied there was no official in
formation on the subject and that the
government discredited the report re-
garding Aguinaldo. The congress (the
lower house Of the cortes), which met
for the first time since the assassina-
tion of Senior Canovas del Castillo,
passed resolution Of condolences, a.
deputy then raised the question of the
rise of exchange. Senor Puigcerver III
reply said that the government would
do its utmost to prevent further rise,
adding:
THE fall in Spanish bonds is due W.
exaggerated fears based upon the con-
fict with America. The payment of
the coupons is assured and even adj
mitting that Spain has to traverse fur
ther difficulties, the country will recov-
er easily. We are believed to be in a.
worse position than we really are in:
and there is no reason for the present
pessimism."
General Blanco cables that the situa-3
tion is unchanged. His dispatch says:
This, CTuesday) evening a division Of
five American vessels approached Mari
anao. The Spanish gunboat Nigera re-
pulsed three destroyers, which tried to-
enter the port Of Cardenas and com
PEELED them to retreat. I believe the
Americans will not dare to disembark
| in Cuba"
Madrid, April 26.--S p. n.-This even
| ing Cardinal Ciriaco Maria Sanchay
| Hervas, archbishop OF Toledo, in pa
| triotic discourse extolled Union in face
| of the enemy and declared in the
name of Cardinal verez Y Avera. arch
| bishop of Valladolid, and his own, that
they both adhered to the sentiments
expressed in the speech from the
| throne. The attitude thus taken by the
| high clergy in Spain is much ap-
| plauded.
| Madrid, April 26.-Midnight.--Th
general tone of the evening papers here
bears out the opinion last cabled that
| the war will be long one. Spain in
tends to prolong the war until Euro
pean interests are compelled to inter
vene in self-defense, or until the ex-
| pected general conf1agration of Europe
against Anglo-Saxon domination is
brought about
| REFUGEES FROM PHILIPPINES.
| Six Hundred. MostIv ChInese Arriva ~