The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-03-12

she VIII secure the Chnian warship O'tiE-
Eius. which Will ne Ready to Sail In Two
weeks-ut IL Expected We Shall Buy the
Brasiiinn garship Anazenas within n
wseE-Two Nearly Completed Vessels Of
rered to U~s-EnEland Requested ehipsuiid-
ers Vet to Accept View Foreign Contracts
without Not,ryinE tho Navy Department.
stecfai Gable Despatoh to THE suu.
LoNDoN. March l1.-Information that has
been received at the American Embassy here in.
duces tho belief that the amount raised by
Spain for the purchase of warships, &C., 10
$780, OO.O 600, which sum has been deposited in q
London bank.
1t is understood that Spain will secure the
Chilian warship o'HiRgins, which will DO ready
to sail in two weeks. 1t 10 believed the United
States will succeed in buying the Brazilian war
ship Amazonas within q week. Two more
nearly completed ships are under offer to the
United States.
Lieut.. Colwell, the American naval attach6
here, had notified his Government that Great
Britain had forbidden English shipbuilders to
sell vessels now-in course OF construction to any
foreign power is inaccurate. The report had 1t
that one OF the reasons that prompted the Adj
miralty to issue this order was that Great
Britain might desire to purchase the ships her.
self. Under the right Of eminent domain the
Government could take for Its own use any ship
or other war material within tho borders Of the
-. .-lt.L - l~~- .A.-1t A-z-.R.--a
to q foreign flag or ownership.
What has actually been done Is this: The Ad-
miralty sont q request to all the British ship.
builders not to accept fresh foreign contracts
without notifying the Naval Department.
This request was the direct effect of the news
that Russia Is about to spend an r
amount of money for new naval construction.
As a matter OF fact, II British shipyards were
closed against Russia the latter would have
great difficulty in spending at short notice the
10000. 900 roubles she has set aside for naval
purposes. Furthermore. there is reason to be.
lieve that the British Government is ready to
place contracts which will utilize every facility,
public and private. for shipbuildinR in the
"a y" W. ohS' w
within the next few months is certain TO reach a
scope never dreamed of In the history OF the
world.
After pledging the revenues Of her Custom
Houses for the payment OF the loan of 1896.
Spain had as an extraordinary resource for
raising money the Almaden quicksilver mines.
leased to the Rothschilds. the Government rail
roads, especially the Compania del Norte. leased
to a French company. and the tobacco monop-
oily. leased to the Compania Tabacalera. repre-
senting also largo French capital.
The railroads arc less inviting as o pledge for
a loan than the Almaden mines and the tobacco
monopoly, because in recent years their income
has been very meagre. The tobacco monopoly,
according to Ell Economisfd, a Spanish financial
newspaper, will enable Spain to borrow $780,
900, 900 for several years income from the
monopoly.
But the Almaden quicksilver mines will give
Spain $50. 900. 900 as soon as she asks for the
money, from the Rothschilds. granting them a
renewal Of the lease Of the mines for forty years
more and on the terms imposed by the London
branch of that banking firm.
Knowing that these were the last resources of
the nation Canovas always refused to dispose Of
them. 1t is very probable now that the $780,
600, 900 referred to above has been loaned TO
Spain by the Rothschilds, who are very eager to
continue in tho control of the Almaden mines.
They are the richest quicksilver mines In the
world. having the popularity, shown by no
other mines. Of growing richer AS depth Is at
tanned. 1t is we'll known that the Rothschilds
have always said that the natural wealth of
Almaden will never be imperillod by SPANS
political vicissitudes.