The Republican journal. [volume] (Belfast, Me.) 1829-current, 1898-03-17

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PUBLISHED EVERY THURSDAY MORNING BY THE
Republican Journal Pub. Go.
CHARLES rILsBUEY, Busi Rdlto Ms and
Beal and Bangor appear to be synono-
NOUS
The new city government, unanimously
elected last Monday, will meet for organ
ization March 2lst. There will be no
change of policy, but the work of improv-
ing our streets and sidewalks. of extend
ing the sewer system, and of placing all
the city affairs on a business basis will
continue under practically the same ad :
ministration as in the year just closed.
Judge Foster was to have held the term
of court which opened at Skowhegan
Tuesday, but it was learned Monday that
Judge Savage had been substituted. The
change caused much comment at Skowhe-
gan, where arrangements had been made
to tender Judge Foster a banquet, and it
is generally construed as unfavorable to
Judge Fosters appointment. The Ban
gor Daily News of Tuesday announced
that Col. w. II. Fogler of Rockland is to
succeed Judge Foster.
While the course of President Mckinley
in these trying times has commanded the
approval, not only of our own people re-
gardless of political affiliations but of the
civilized people all owe; the world, a Mon
tana paper pops up with the suggestion
that Mr.. Bryan would have made a bet
ter President than Mckinley. The Bos-
ton Herald dissents, and aptly says:
We have no doubt that the possession
of the presidency would have sobered and
steadied Mr.. Bryan to a considerable de-
gree, but, in the face of what has occur
red since the election, we are inclined to
believe that there are a good many who
voted for him and yet congratulate them
selves that the country did not take the
rlsk OF his election.
The cheapness of money excites COM
ment. One of the New York city savings
banks has reduced it's interest rate to Dor
ToweIs from TO i per cent and pays its
depositJls Only 3 per cent. Some Of the
Detroit savings banks will pay only 3 l. ,
per cent The , / , per cent. refunding
bonds OF the New York Central command
a slight premium. Rates on well-secured
farm mortgages have declined materially
in the west, especially in the wheat belt,
to per cent. prevailing now against 6
to 10 per cent. one and two years ago
Beginning with the first of March the
two savings banks of Portland and the
Union Mutual Life Insurance Co. of that
city adopted five per cent rate of interest
on real estate mortgages within the
corporate limits of the city. This rate
will apply to all notes now held by these
institutions which are not in default
and are abundantly secured.
The war situation is thus presented
in condensed form by the Washington
correspondent of the Boston Evening
Record:
We shall demand an indemnity and an
apology from Spain. Prompt payment
and action in the premises breeds peace
refusal and delay threatens war If the
former course is pursued by Spain, thus
ends the Maine incident. If the latter is
chosen, then the matter will remain IN
settled until the supremacy of the United
States or Spain is proven as a result Of
the clash Of arms.
If 81 ain pays an indemnity promptly
and Apologies graciously then the Maine
phase Of the ques ion disappears, and the
whole proposition of Cuba presents itself.
This is where the supreme point comes.
The President j bound to recognize the
independence Of he island. VIII Spain
take offence at such proceeding on our
part? Undoubtedly. If she does, then
war. We have right to recognize Cuba,
and Spain has a tight to resent it.
In other words then, if Spain refuses in
demnity and apology for the Maine, then
we shall have war. If we recognize Cuba.
Spain will have war How is it going to
be averted? If modern craftsmanship
can do it, diplomacy deserves a crown of
laurel which will last until time shall be
IO more.
Opinions differ as to the stand Spain
will take; but meanwhile both countries
are preparing for war So far as this
country is concerned we believe that to be
the true policy and further that had we
been better prepared at the time the emer-
gency arose the prospects for peaceful
settlement would be more favorable tn an
at present. ''An ounce of prevention is
better than pound of cure
Yachts and Boats.