davidaulloa/AmericanStories huggingface dataset:
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
+ 5ur unb pfber QnneTiOn
Der 86iltppinen.

MarsfieID, O., 7. 2tuguit. -
Senator 5orater, Der groBe .SingO,
fat bier einem sSreunbe gei6rieben,
ME Dds q6iltppinen Yro6lem in
ieinem 9ebirn .punoer6are 8laien"
auftrei6t. Gr nil pon'einer DieOsr>
berdusgd6e Der 96ilippinen an Sp1z
nisn Ni9ts piiIen. Sin 9er6re4:n
pGre IS, bic arme 8ep0lterung, Die
i6linmer getne9tet lei, als Die Gu
bdner, tpieDer unter ods ate Sod 81
bringen. Die g0ttlifR 8oriebung babe
ben Der. Staaten cine N&iIIion in Den
Bbilippinen i6ertrdgen. Die @inrt6>
tung elmer guten 8erpultung piiroe
ni9t ihpieriger pber piellsi9t ni9t 10
i4Dierig iein, ais Die 9erpaltung Der
RebeQen Stdaten tur8 nab BEN
8riege. llnb our 2lusoetnung oes
dmeritdnii9en 6dn0els biete Der ferne
Often Den geeigneten Ulartt.
San6rdn3isco, Z. Quguit.-
Oas bieIige ,Qd6or Gpn3il" Bat Re@
iolutiOnen angeHommen, porin es ii4
gegen Die Qnnerion Der pbilippinen
ertlGrt, neil bic Gage Der Otnge auf
ben SnieIn cine @efdbr fir uHiere Re
gierungsform uno Elm gdnS beIonOerer
S4aben fiir uniers 4r6eiter 8eoOlz
terung iein ipurbe.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08

Su qrpbe ois. if su irqsuo elmer SabresIeit Ia
fig. bod madt iib Oieg am W,if,u fiiblbar in
cinsr eebcijtcu Ride, pcun Das Sbermometer oruus
Sen 100 Gruo i'm Sbatteu jsiat.
6aben Sic iemals beu6tet mi, bic belize Gus'tr3s
mune zines Roblen=RaHQss in eOcs 3immer p,S
6auies einOrinat? oabm Sic ie bic priidtro belize
atmoipbdrs smpfunpsu, tu.6t cur6 ,inen lanor1
Rd6ens S6uruitciu in allen JBimmeru btrporecbra6t
ipirb. tpel6e nit Oemislben in 9srbinoung fteben
@eriu6u Sic eintn @as:Euues uno ubten Sit
ouf ben uutcri6iso. Sos Gsusr ia gum Gtbruub
bcreit nenu es asipinfbt prb. Sie loiss lit eros
Qeruu, UNI oumit ju tO6en, bod nidt 10 ibtrmibiJ
nm iib in unauesnebmsr @eis fibIbur 5u MAIDEN
uno penu nd5t msbr oebrau6t fam oicicIbs
iOiort abaeitlt neroen. (2l0,2
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
Y0Sner'S
Or griFts ulrr RrNnttiuns- -Dtrhdnfr.
Sie sr0Btrn 9riumpbe Der &ronttinn
in Glciorr=Natrrialrn.

gle Die fOitli9iien Wert6e uno Die
herrIi9sn MuIter in ben dus9eIu9tez
item @epe6en Der Su1Ion. Oas gr0Bte
priDiIsg, tpol6es bic 2eute ie genoIz
fen Faben, gu beiiBen, mas lie am mei>
iten benOt6igeu unb piini9en! garz
gains bon notwithstanding. Sn Wabpz
beit bic Glimur fortseIeBtsr @rrungen-
i9aftsn.
2luBerorbentfi9s Dertbe in min
FGensperi4en Stoffen in ben 5ierli9z
iten MuItern, Die iie je gsIeben babeu.
@it erf. 9artie umfabt cine gang ausa:iUdbits
sIuSabI gut osOmdtsr 2apns, Elm gutts. furtts,
trusbarcg Stuu, in ttpa fiirf,g Ocr8ieO,nen Grs
ten uuO Tarbcu, Gats neu. Muher oitsid6rio,r
saions -GnttDHrfc; #. fuO baio su &c. Bic
Die Jipeit. gurtt. rcprdicntirt cine UrOb, unO
munuiqfadJe Gouctticu ib6u btOrudttr ealpus. bts
Orudttr @uas, btorudtr s9atOnutttt 9u6,b" nit
ppulfa Cots" unO buuritiu,n 'Str,ii,n. Joni. furs
rirt beOrudtt SHEER 2dpus" aud .inige aleiOtrz
Giusbams i'll l,i6t,n Muitcrn. 9icie 9arti. um=
fast Die or0bttn ggcrtb,, bic BON uus in Ocicr
soiiOn offsrrt perOen uHO iuO pOFttu pOn 10 bis
15c Htrtb. sc.
Sine auo;re dnji,b,Ho, 9art, Fuo stpa 80
Sttd. -9olta Got" bHbi6 iieurirt. unb ib5n oes
fr:ift, 2apus auf marneblautm unO ibDar;em
Gruuoe. mir babtH ieOts stipiui6ts Tuftr in
ni,itn Stoiftu unO BEN am mtiittu psrlauattr
Refine sfaotn in 3eug OOer Tutcr; au8 of, un.
iers ib6n aeOrudten CrganOiss uHO unisrt 3OasOl=
liptn asOrudt:n 6baai,s III, ss6,n fort ,n 7!c.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08

6lunfe, iit nod ni4t bergeftellt. Sberit
Rice, bonn Stdbe bes Generals Ytllss,
piro pdbrI6einli9 ben 9efeRl ii6er
bas 6. MaiTa9uietts Re9lment. oelz
len Offi5isre betanntIia reii9nirten,
er6alten.
General @iGon bat 6as 9auptz
quarter Ieiner 0ipiIion Don Yonte
na9 Suan 0iu3 porgsI4Oben. 9sns1
raj S6pun fam beute nit bem IL. re-
guIGren Snfunterie 8egtment uno
3pei 8atfsrien auf oem Wldri9e naa
Mabugue5 our9 Yuuco. 9sneral
8roote rIdt bon 9uapamd aus nit
10000 gPnnn u1t1 92prDen Dor.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
POsner's
SpeSial=Verfamf run 9SrappcrS

Seubi6s murinsblaue unO p,b. eapnsy syrapp,rs,
NIT pOa tiugtrtitsm 0oft= uRD Sid,nsS Sbtil, tpti:
ter SOd, 9aibs, @irtsl II. /. M, soc.
600 i6One Suontt=2dpns s8rapptrs, 81 0arOs
ipeits Rode, pOq iber ben Suftsn, lailsn=Sirtel,
0utt46ronte uuo 9fdtutiid unO poIsr utb,rbnus
ubsr Otn S5ulttrn. Nlit 5ipci Rtibtn' bl6iben
9srienzSsiab gltrtb Sl25. roe
fsiirftt mitttlouutit Giittt, in 9apn= Nropp,rs,
oonts Wsite qs6nititn nit popptttn @oldHts ouf
ben 'S6ulttru. Si,ie Joni, 3ruatu Mani6;tttH.
@iirtet Il. I. 10. NIT i66ntm bunttn 9auo btisBt.
9etrhb 81 so III 90
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
An oas 2su6fiRunt.

Sd itbe mid ptraulaSt, duf Dieit gecii. ods bon
mtiHsn @onturrtnten ausaefreutt GjsriidJt, ndb i6
Deeeu Der Grridtune mtiusr neutn 6abrif Hiht i'm
Stdnos iti ,rt6tilte Iuftrdat prompt su triuaen,
su ipioerl.qtu. Sm @eetHbeil bin it atrdos iiBr
ptatn mNFer btO,uteno psrmtbrtsu Jdcilitditn uHo
psrpr0Btrteu Nndptu i'm StnnD., itosn auitraa
prompt Gusduiiiutn uno ju el,i9er Stit SsoTmann
;ufrisben 5u iten,n. Sit qrtii. blsiben nets Die
nitoriqitsn fiir Die Bette arbtit.
Dltin e3tihGitsaeitgtdu uro Die Qdoenrdume Dtrs
BEN in gr .. IL uuO 49, gget4prltt<Strdbs JlUz
id)tn Gbarlsgs uup oauoprsStrGBe, bleibtn. Sas
atQsn iuiro msint ueue ! dbrit BON Der
tabenballs Stpdb 20 m=, 9ead d. 3
uup gpc Strdbe bearenjt.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
). seite.l

= Gine 6euersbrunIt in Sadionz
bile, Sas., BAT Elm babies 0uBeno
qroBer 3GDen, barunter ben Der
rRotbf9ilb @lotbing Company" in
9lf6e geIsgt. Der S6aben lit $125,>
900. Sn einsm Der abgebrdnnten Sc
bGube 6efunb li9 bas 6eim Der 5retz
muurerz2oge. DieIe 6uBte 2lles Elm
Bis duf i6re 9Tdher.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
Qosner'S
Wuslin= llnterflcioer.

Nubsr ben arDb,n l8srtbsH in Otitm aanj,n S,s
Slrtsnsnt ofsrirtn mi. nod Dir fol0enDeH Spejia=
ltdttn:
1900 GSristz9tibdsn ousetj,ibuster Guaitdt unO
peristtsr 'Stutt uuO Abtrtiqung, jum'ir sS-=
Soalsitiid, &c.
800 loon, Gorittz2tibetH, nit @dusarb;it ob1ts
itrtRt piersdietr uno %" Aodls s@aus omit, Zoe.
s6on. Gambris9fibbm nit uitorigtm cais, tsi
esfiidt,m SorOtrheil uno 8ndtHrnd, S9c.
Gambrie=2eibd)eu, itbr tieits -Q"s9prDsr= uuo
Siutsrt6til, nit neutr Bsib= =Stdsrei Dsrtb Soc,
39c
lief ousqsi6nittene 9tibdSeH, pierediass 9ofs pou
1yalten isno lSpissns6iuias, nit Spis.nb,ids oa3u
paieuD, :89c.
5Rt auss,i6uittn, etib6tr phrrdiacs Suf, mi.
;yalt,u unD i,u e,tidttm GiniaB, btitBt rings nm
9ruitt5eil MD @rms oa5u D1feHO, soc.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
pOSner's
aoe=SlnSiigc.

CuUS-Stt0uYG-
Gjanj tpoflen, Misunderstanding fir 6rautn,
eauj nit 9anO beiest, p,rtb $50; S1.9S.
iStiuitt uanl poa,us bldus Glouu;I= sdria,
nit is6ilo= unO WatroisuzOot. fir 15rau,u, nit
erobrn Rraetn, uunItr auius oui Oas 8,i6ts nit
9aHp betbt; $4OO pertb; sos.
Mobairs9aO;s2l iiir Grdu,n in S5wdr,,,
nit i66uem tptbsn 9nno=S.iab ooafdroia.s
s6ilO unO RatrOieu= Rrausn ODER SOttzRuftr
9sertb 81. $29S
Spritbtilies 9aotsgujiio, fir MdO6tn in btftem
farb,tt,n 6lauacl, bon, Qoft=Gront. uuo Ridtn,
eanlsranjuu nit 9auo bstst, p,rtb 50. So $1.9S.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
POSner's
Sic er6fte allcr 3eouftioncn.

9qs bic 9epeeunoen Der @sibdftsDtlt fito bifo=
rtibs 9batia6eu mir obsr t6uueu aui 3i6ts bins
uciien, mas in roeHO elmer g8eiit Der 9bnsH ess
bot,u,n ReOuition in oicitm esssutpdrtigtn Guss
p,rtaufe nabt fommt
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
Seinflciccr.

g,te HRaionpiae eIDlusliHs5eiufltiDtr, bier Ialttu
unO sdumt, auf's 9ste abasfsrtiat 25c
S,n. .Smbrtlls1 1=9tiuflsiOtrn, ti;ft -JUunetg,
mil sSalfsu oosr NIT Spissn=Seias, 25c.
Jen, DHslHzSeinflsioer NIT otr 6an0 asm1bt
zoe
9t, fsnficu 9siufltiOsr TteuIdrss 5acon uao
,cmbrsae" aDiufog, NIT tisftr, idoner 6anoar5tit
soc
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08
e. 4. @antrr,

Sa6ritaut bon S6aufditn 9iir,au=Giuri9tuuo
fir 98dufen Supslitrt Npotbstcn, 2Goen, Sircdur.
garbiere unO g8irtbi6aftg g7Gnrjttunqrn, BILLIARDS
uno 9ooltii6en un'o 8itrsabjisb b=GinrDtuHqtn, iOs
mi. 6rbduer pou RsqtlbabRtn. (2l2-3+)
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08

Stiocus 2uitrc=9riG iautinesT6dc pcllt Suls,u=
rGlouut,," fJnf Rtiben gdHO,r, $69S.
Gotbure ftliaHibe Rodt, Die qdnJe Gang, nit
9aiaosrsnz5 56uiir,n beitbt, $69S.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1898-08-08

Qcotrfarbias, rcinsIiuntne Rl,iOr0ts, bic ant g,.
fcm o,ma6ttn uuo bshfssuOsn Rods, ip,l6e uuter
500 in oieicr Saiion q8siot p,rOcu; bcrabetitBt
-; g %
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28

monument in that city in memory of
Henry Clay Work, author of March
ing Through Georgia" and other war
songs
The Iowa house of representatives
passed joint resolution requesting
Senators Allison and Gear to vote for
the Hawaiian annexation treaty. The
vote was 81 to 40, most of the demo-
Gratis and fusionists opposing it.
ROBERT G. HAzLErr. a leading citi-
in moving from one house to another
when Ray-H. Lee, who was assisting.
picked up q target rifle. The weapon
was accidentally discharged and Haz-
lett fell dead in his wife's arms.
THE widow of DR.. Thomas j. Cogley
has presented to Hanover college,
Madison. Ind, $50, 600 to endow a chair
of physics.
DE-. M. o. TERRY, surgeon general OF
the national guard of New York. ad-
vocates the use of cathartics and sweet
oil in the treatment of appendicitis.
and declares that of 81 cases under his
personal supervision 40 were success
fully handled without operation.
ScHLATTER, the divine healer" left
GAINESVILLE, O., on the 10Th, owing to a
quarrel with his managers, who desired
to restrain him from getting under the
influence of liquor.
CHRIS MERRY, the peddler charged
| with wife-murder at Chicago. was
found1guilty by the jury. Smith, his
alleged accomplish, was found not
] guilty.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
GENERAL NEWS

JONAS BEsrow's daughter, three years
old, was found dead at Webster City,
Ia, with one Of her hands in q wolf
trap. The steel spring had snapped an
artery. An elder brother had set the
contrivance in the barn.
OFFICER FRANK MURRAY was picked
out of q line of policemen by j. NJ.
Platts and j. A. Brooks at the Grand
Crossing station at Chicago as the man
who had forced them at the point of q
revolver to surrender on the street
what money they had. Murray was
placed in q cell, but emphatically de-
MED the charge against him. =
A coLLIERY accident near Mons, Bel
GUM, resulted in the death of IL per-
sons
A RECENT dispatch from Des Moines,
Ia. stated that many investors in that
section had been swindled by some
real estate sharks who had offered
lands in Christian county, Mo-. for sale
and had Riven worthless title deeds
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28

Ill. the work being pushed night and
day.
WHILE cage was being hoisted in
the shaft of a mine at Washes, Bel
GUM, the cable broke and Is miners
were dashed to pieces
JEFFERSON KNIGHT was hanged at
Mobile, Ala, on the 21st for the MUIR
der of Frank Dantzler. The con-
demned man made full confession.
BLACKLEa in Beaver county, Ok,
which is 800 miles long and so miles
wide and contains many large ranches,
was causing much alarm among cattle
| men, great numbers of cattle having
died from tae complaint
THE towboat Job Williams, with a
tow of 60 coal boats, was caught in a
storm near Leavenworth, Ind. and IA
| of the coal boats were sunk and two OF
| the steamers crew were washed over
board and drowned.
A DISPATCH from New York the other
day stated that there was an organized
movement in the Theosophical society
to depose Mrs. Katherine A. Tingley.
the present leader. and restore E T.
Hargrove to the presidency.
On his return to Waco, Tex. from
Kansas City, Mo-, recently, w. c.
Brann. of the Iconoclast. was arrested
for criminal libel on four charges.
| FIRE in Iona. Mich. destroyed the
Weber block, q two-story sandstone
building and contents, causing 5000
loss.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
To Pay u Kan..s Towns Debt.

ANTHONY, Kan, Jan. %. City bonds
of Anthony amounting to So, 600 with
$40, 900 interest coupons have matured
and there is no money to pay it. 1t
has been decided to form a stock com.
pany of business men for the purpose
of taking up the bonds The corpora.
ton will be chartered under the laws
of Colorado with capital of s35. 900.
and the entire issue of bonds with in.
terest in full paid off with home CAPT.
tai
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
A Valid Objection.

A man who had been convicted of bur-
glary in st. Louis was asked the usual
question:
prisoner. do You know of any reason
why sentence should not be pronounced on
you according to law"
'sWhy, your honor, of course I do. If
am to be cooped up in Jefferson City it will
break up my business here. IN. Y. World.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
A new Crazy Sect In Connecticut.

A lot Is fanatics in the State recently i'm
mersed an old rheumatic woman bodily in
the water to ''heal her" as they said she
nearly died in consequence. How much bet
ter it would have been to have treated the
Moor old woman for her infirmity with Hoa-
letters Stomach Bitters, which not only
cures rheumatism. but prevents kidney com
plant and remedies dyspepsia, constipation,
liver trouble and nervous prostration. Give
II a systematic trial.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
Lesson. Discontinued.

Friend-What is the matter. Blankley:
You re all cut about and your arm In a sling.
as though you had been in fight, and yet
you look beaming and smiling over IT all;
Bianklev--The fact is. l have all along
thought my boy Harold sort of a muff. and
undertook to give him some boxing les
sons This is the result of the first lesson.
., I'm proud OF that boy.-Odds and Ends.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28
Tom Watson for Governor Of G

ATLANTA. Ga, Jan. 26.-Thomas E..
Watson will be the populist candidate
for governor of Georgia The state
convention will meet March and .
majority of delegates already elected
are said to be in his favor.
The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-01-28

Rev. G. w. Penn was stricken with
apoplexy while occupying the Meth.
odist pulpit at ST. Charles. No.. and
his recovery is doubtful.
The Portland daily press., 1898-04-02

Evidently this operation cannot go on
much longer. AS soon az the Spanish
Cuban bonds are exhausted the govern
ment must create some new revenue or
credit. The first would require time and
tine second will not check the vicious in
volving of the Bank in the bankruptcy OF
the nation. AS it ia, the Bank is author.
lied to issue $500, 600, 900 of it's notes, pro-
vided a reserve of one-third the amount
issued be kept in specie. There Is suffi-
cient gold and silver now in the vaults of
the bank to constitute reserve for the
full amount of issue authorized. In a few
months of actual war the limit of issue
will have been reached, and with the cur
rency alreay at "a Per cent discount, a
removal of every limitation on the
amount will precipitate a depreciation
that must involve financial cataclysm
and temporary paralysis Of a.. al commerce
OF The every very basis on which these bonds
are issued is suffering a contraction, and
so affecting the value of the securities.
For the customs receipts in the first seven
months of 1897 '98 were more than So, 400,
900 less than in the corresponding period
of 1896 '97. Another significant move is
the fall in the quotations of Spanish Sc
curities other than government issues
Indeed, the fluctuations in the railroad
stocks are of greater moment than the
variations in the government securities.
For the railroad obligati have GER
tain guarantee or value behind them I;
while the worth of the national stocks is
dependent on the resources of the treas
ury. Whatever financial institutions rest
upon movements IN these government
and railroad bonds have suffered in
credit. The larger part of the assets of
the Credit Mobilier Espagnol consists in
these obligations, and has always consist
ed of them The shares of this society
were quoted at 100 in 1890; 80, in 1898; 63
In 1895; and are now selling at SO, having
touched the extremely low mark of 40
in 1897. Spain is expanding 80, $4,000 a
month in Cuba, and had total debt of
81, GAS, 475, 1877 on January /, 1898, of which
nearly one-sixth was floating debt, Ger
tain to prove troublesome, when it must
be met or funded. The charges on this
great debt take two-thirds of the entire
revenue of the state (S10l TAG, 49, out of a
budget Of $152. 970, 000), leaving less than
$780, 759, 900 to meet the current expenses
OF the administration, costly war in
Cuba, and extrAordinary demands in the
Philippine Islands. 1t follows that Spain
is conducting her wars entirely on credit.
and. as foreign money markets are closed
to her, on credit of the worst and most
dangerous observation-disclosures loans at
ruinous rates. a floating debt, already
large. and bank issues at greatly depre-
ciated values.
The Portland daily press., 1898-04-02

SIP ANISH FINANCE.
New York Post. }

The cost of the Cuban insurrection is
this is a fiction of bookkeeping, as Jhe
Cuban treasury has long been bankrupt,
and even in years of peace could not meet
the heavy charges imposed upon it by
former Instructions. To sell in foreign
markets bonds with Cuban guarantee
ouly was out of the question, and a
Spanish backing was necessary. AS the
more profitable sources of ievenue in
Spain outside of the customs had been
pledged or farmed out, and could not be
hypothecated more than they were, the
customs revenue was made the founda-
ton of new loan, the evidences of which
were to be Cuban" bonds. guaranteed
by pledge of the Spanish customs. !"
Even this combined and somewhat mon
grel scheme did not appeal to the inves-
tors of France and BELGIUM, and the
Spanish government was thrown back
upon internal loans.
To what extent was the Spanish Gus
toms revenue available for credit? The
receipts from this source in 1862 were
$24, j 95, $50, which would pay the interest
at five per cent. OH about $500, 600, 600. But
the full amount cannot be thus employed,
as O sum must be set aside each year for
extinguishing part of the capital of the
debt Since May, 1897, when authority
to use this customs revenue for credit
purposes was conferred on the ministry,
nearly three -fourths of the possibilities 1T
contained have been exhausted. A first
issu of 100000 bonds pledged nearly ONE
half Sill 1926, 558 and a second issue, 900
bonds, again took its full quota of one
fourth (S5, 9l3,279,) leaving available the
sum of Sc. 455, Ills. At the end of Deem
ber 1897. the cabinet decided to create a
third issue, to be of 400, OO0 bonds, to be
held against any emergency that might
arise, the special emergency being trouble
wit h the United States. Although this
third issue more than exhsustS the Teve-
nue. from customs, assurance is given OF
further pledge of the taxes on colonial
merchandise, on spirits, and on foreign
and colonial SWEEPSTAKES which pro,
duced in I896-'97 about S4,6l3, 900. Be-
yond this it does not seem possible for
Spain to go in pledging the existing rev.
enue. Only drastic reform of her reve-
nue. system can provide new resources.
Having established the credit for
loan and determined the nature of the
security to represent it,, the question of
disposing of the bonds was still to be
met. A i've per cent bond at 90 should
be tempting purchase, provided there
was any confidence to such q degree as to
warrant the purchase of large blocks of
The Portland daily press., 1898-04-02

the Spanish Cuban bonds, and indeed
the older securities of the Peninsula,
bearing only four per cent. interest, were
rapidly returning to domestic markets.
In this dilemma, the first two issues OF
the new bonds were sold at home, and
largely to the Bank of Spain. This oper-
alton is, however, considered as tenn
porary expedient, as the bank passes the
securities on to it's clients, and thus is
enabled to make fair showing in its
balance sheets. At the end of December,
1896, the bank held of the four per cent
stock, $40, $40, 900. and in December. 1897,
1910, 600. The large transactions in
Spanish Cuban bonds had left no trace in
that time of state securities in the bank s
reports, and must be sought in the loans
and discounts. That item had risen
from 49, 600, 600 in January, 1897, to
1928, $50, 600 at the end of December, 1897,
and on March 5. 1898, stood at the high
figure of $l43, 595, 000
This shows how Spain is meeting the
expenses of the war. We're it not for the
Bank, she could not obtain funds, and
every recourse to the Bank weakens the
position of that institution. Already
on paper-money basis, it is only by in
creasing its issues that the demands of
government can be met; and every new
issue makes necessary the form of Sc
curity. AS it is: the administration is
Will UIo tIO 41dHk UIC ORdil-
ish-Cuban bonds and receiving advances
in banknotes. The reserve of gold
and silver still represents good proper
ton to the circulation, but in the last
year the bank felt called upon to pur-
chase gold to place in the reserve, and
this purchase involved heavy loss. In
January, 1895, a month tefore the insur-
rection broke out in Cuba, the bank held
s3S, 9sl, 466 in gold, and s54, 154, 412 in sill
yer, against circulation of SIT. $3.50, O41.
In January, 1898. the gold had increased
to s45, s95 ,,s6s; the silver had fallen to
mounted to 1896, Oss, 24s. The movement
since the beginning of the year is of par
ticular interest, as it marks the extraor-
binary activity in issuing banknotes in .
cident to the steady demans Of the govern
ment on the bank.
The following table gives in millions
the specie and the circulationIof the bank
of Spain each week since the first week
in 1898:
e Circu-
The Portland daily press., 1898-04-02

il war comes the centre of the fighting
will be around Cuba inevitably. Spain
will not undertake to send coal to hei
battleships from her home ports for the
reason that the most of it would be likely
| to be intercepted by our cruisers. But
coal her feet must have unless it is to lie
powerless like logs upon the water, and
as the only sources of supplies on this
side of the water will be Cuba and Porto
Rico, and as the United States will un-
dertake to close the ports of both, Spain
muse of necessity concentrate her fleet in
the West Indies and keep it there in order
TO have the means of fighting at all.
Only in the event that our fleet was
badly crippled could the Spaniards send
to our coast any considerable number of
vessels. Possibly an occasional stray
cruiser might threaten some of our sea
coast cities, but only after our own feet,
was crippled would any OF
them be likely to be seriously threatened.
The length of the war would depend very
much on the results of the early naval
engagements If the Spanish fleet was
early cripplsd, the war would be prac-
tically over, for then we should be able to
SO completely blockade Cuban ports that
the island would have to be surrendered
to prevent the starvation of it's inhabi-
tants. Should, however, we be the prin-
cipal sufferer in the early engagements
the war might be prolonged for some
time. though the ultimate result could
not be doubtful.