The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-04-02

Cuba Is worth fighting for in such an un-
equal conflict that 1t IS even doubtful II
Spain would gain temporary success,
while her ultimate defeat would be certain.
A moderate naval force could reduce the
island by starvation. and privateering
could not in practice be carried to any ex-
tent worth mentioning by Spain without
calling for the Intervention of neutral ma
lions.
SANGUINE SAGASTA
NEW YORK. April IA dispatch to the
Herald from Madrid says:
After a conference of three Spanish Min
listers and General Woodford. which lasted
about an hour, your correspondent saw
one of the members of the cabinet. His
face was smiling and he said: II firmly
believe that peace Is assured. Spain, in
a note drawn up personally by Senior Sa-
gasta, has made enormous concessions in
the hope Of assuring peace. She has given
way in every possible manner. only draw
ing the line where her dignity as a nation
has been violated. We are sure the Presi-
dent of the United States, In his fairness
of mind, will see how anxious we are for
peace.
ION all points we agreed with the prop
ositions of the United States, but it is
question of how they should be applied.
believe that General Woodford fully ap-
preciated our attitude. If the President
of the United States is strong enough, as
we firmly believe, what we suggested
means peace of the highest kind. If the
jingoes have their own way 1t simply
means war, and we have got to accept to-
But am firmly convinced that we are
going to have peace"
Minister Woodford Immediately after the
conference, retired to the legation and
wrote out lengthy cipher cable to the
President. Most remarkable during the
whole day has been the entire absence of
any excitement. Nobody here believes in
war. The Ministers, above all, believe in
peace. All appreciate the situation as Sc
rious, however, and press and people treat
it as such. General Woodford, it was
noted, was most cordial with the Spanish
Ministers, and they expressed themselves
highly of him.
CUBAN BOND SALES
NEW YORK, April 1.-The Press says
Cuban bonds are looking UP. They are now
quoted as high as 90 on the maritime ex-
change and it is said at the Junta that
General rama Is III receipt OF frequent
propositions from persons who are willing
to take blocks Of the bonds at options, say
to be paid for at par as soon as Cuba shall
be free.
There have been issued in all So 100000 of
bonds of the Cuban republic which are
despayable ten years after the evacua-
ton of Cuba by Spanish forces.
Five hundred thousand dollars worth of
these have been sold, realizing about $780,
900 and the members Of the Junta feel
proud Of the fact that while bonds of the
Confederate States of America were sold
for 10, no Cuban bonds have ever been dis
posed of below 40.
Many stories have been printed alleg-
ing that Congressman have accepted blocks
of Cuban bonds in return for services given
or to be given. Concerning these reports,
Leon Benoit, Consul of the Junta, said
that while few persons have ever been
given any credence to them, he wanted to
say that as soon as Cuba shall be free,
complete list of all the holders Of Cuban
bonds shall be published, and it will be
easy then to see that no Congressman are
interested.