The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-13
DAYS AcQUIEsCENCE.


Secretary. Days response, through Nj.
Cambon, under date of Aug. 10, and
which Spain declares embodied acqui-
escence of her reservation of Philip
pine sovereignty from discussion in the
peace commission, saws:
Your cellency-Although it is our
understanding that the note of the
Duke Almodovar de Rio, which you left
with the president on yesterday after
noon, is intended to convey an accept
ance by the Spanish government of the
terms set forth in my note of the 30th
ult., as basis upon which the presi-
dent would appoint commissioners to
negotiate and conclude with commits
sionerS on the part of Spain, a treaty
of peace, l understand that we concur
in the opinion that dukes note, doubt
less owing to the various transforma-
tions which it has undergone in the
course of its circuitous transmission
by telegraph and cipher, is not, in the
form in which it reached the president,
entirely explicit.
Under the circumstances it is con-
sidered that the most certain way of
avoiding misunderstanding is to en-
body in q protocol, to be signed by US
as the representatives respectively of
the United States and of Spain, the
terms on which the negotiations for
peace are to be undertaken.
I, therefore, enclose herewith the
draft of such protocol, in which I have
embodied the precise terms rendered
to Spain in my note of the 30th ult.,
together with appropriate stipulationS,
appointing commissioners to arrange
the details Of the immediate evacuation
of Cuba and Puerto Rico and other is
lands under Spain's sovereignty in the
West Indies, as we'll as for the ap-
pointment of commissioners to treat
for peace
The Americans hold that Spain saw
that Philippine sovereignty was in
volved in the basis of peace laid down
by the United States, and that her at
tempted reservation of Aug. is evil
dence thereof. A suspension of hos
tilities was deferred because of this
fact. A protocol in precise terms was
demanded because of this fact, and
Cambon cabled Madrid on the same
day of Secretary Days response, that
the federal government had decided to
state precisely in the protocol the basis
upon which peace must be negotiated.
1t was only when the United States
regarded Spain as having made an un-
qualified compact to leave Philippine
sovereignty to a commission by signing
the protocol, that hostilities were sus-
pended.
Lord Salisbury's reference to the
American republic as a factor in Asia
tic, and possibly Europeans diplomacy,
which might not conduce to the in
terests of peace, is widely commented
upon here as Strengthening the pre-
vailing impression that Germans wish
to intervene in the Philippines.
All the extreme Weylerites dread the
consequences of a resumption of hos
tilities by the United States, which,
they are aware, will probably involve
the loss of the Canaries; and this, in
spite of the present German lining to
the cloud, remains the Irresistible mo-
tive that must eventually determine
the cabinet to reconsider the .instruc-
tions that it is now believed to have
sent to the Spanish peace commissions
ers. The ministry of finance has in
hand a project for the conversion of
the Spanish exterior bonds and the
funded debts of Cuba and the Philip
pines, the idea being to maintain the
treasury guarantees of Philippine
bonds and Cuban bonds of the and
per cent denominations, but to reduce
the interest to 31a and per cent re-
spectively. This partially accounts for
the firmness of Cuban bonds in Paris
and Berlin, where speculation in them
is unusually active.