The San Francisco call., 1898-06-05

out taking an active part in the war. and l desire duty in which l can take the initiative and de something. shall be der to run the blockade or q torpedo boat; anything rather than playing sec ond tddle. However, if there Is no other remedy l would go perfectly willingly on board large ship. am very sorry that this war finds me so low in rank, and it offers opportunities for any one who wished to work and to risk himself. cannot believe that Don Pasquale could be in Santiago, as reported by the Ameri- can press. He entered it on the 18th, and IT he had gone immediately to Havana he would have met only two monitors in front of 1t. 1 make out that he entered that place only to coal and for the moral effect it would have in Spain. l suppose he went out Saturday, the 20th-if he had gone to the north and through the ProVi- dence Channel he would have passed into Americans, who had only small cruisers, for Schley was at sea on the night of Thursday, Sampson on that of Friday and on that of Sunday, the 22d, he took the lower channel for the east and on Wednesday turned back toward Havana. Schleys squadron has been reinforced by the Iowa and Sampson by the Oregon
 The Nizcaya and Oquendo, at least, need go into the drydock. l telegraphed to Don Pasquale on the morning of the 20th, when l knew he was in Santiago, saying He did not answer me. That afternoon came telegram from Madrid saying he had left Santiago. 1 continued sending messages to General Blanco in respect to all the movements. and now, so far as I know, Don Pasquale has arrived at Porto Rico, where l shall try to communicate with him.
 If he should have set out for Marti- nique or Havana, having twenty-four hours advantage, he would have arrived before now. l am veg much afraid lest and put off the attack on Havana. They are not going to do more than try to take the latter and they think then if they destroy our fleet, of taking the war into spain, with Havana already in their power They have no confidence in their army, but they have in their navy. and they are afraid of our army and of vel low fever, because if the men should be- gin to die in Cuba there would be a tre- mendous row, as they are rot like our people. Anyway, we shall see when there is news of the fleet. I expect it to-mor- row With them cleaning their huIIs at the keys we should be able to clean some thing in three days at Porto Rico. Each day that passes is worse for us on ac- count of the almost total lack of prepara- tion.
 The Cadiz squadron is to come to bonn- bard Boston, Portland and Long Island. They can do it now, but after few months it would be too late. think if we are to have any success in this mat ter 1t will be through treating for peace. by yielding Cuba and having them recog, nize the debt. If we do not do this soon
 
 and Porto Rico, and all that this war has cost us, and in addition we shall he charged with the Cuban debt, for which our treasury is responsible There is no doubt here that we cannot continue this war, as we have nothing to gain and nav lose our three colonies and be ruined for llfty years. In the matter of money there Is no patriotism. Proof is given bv the bank, which ought to have bought gold although at a premium of 100 per cent ana issued notes against 1t In small or slightly great quantity. With 15O COG. 900 if has made 300 900 00O -
 This Is the moment of the year at which instead of returning 23 or 24 per cent if returns only IF or 15 per cent As regards its buying gold, exchange has gone down and If, instead of buying 400 900 GOO if is sues 0,0OO 900, paying GOO or 700, inasmuch as the state subscribes at the rate of per cent. and would represent to the bank an interest of about 3 per cent. its dividend would have gone down very little. The bank Is the nation. and with the nation 1t has grown rich by offering paper money. which 1t did not have in it's treasury. and by getting interest on that which 1t really never had given out Rut whatever the bank does nobody dares object except those who have no money in their pants if they should call for it.
 RAMON CARRANZA.
 I should be glad to have you write me your opinions You know how much I appreciate them. If the squadron is in Cuba they are going to destroy it's wretched Notifications and sink a couple of steamers in the mouth. They have al ready telegraphed to Key West for them to see if they have got them there and the inventor Holland offers his submarine boat to destroy the mines.