The Globe-republican., 1898-11-17
SPAIN THREATENS TO QUIT.
Will Leave Conference -four Claims
Are Not Modified.
4 s4oo,ooo,ooo SYNDICATE.
1panlaFds Hay Abandon the Struggle and
Leave Their Creditors and the Unlsed
States to Confront Each Othef-Pro-
gram Of the Proposed Syndicate

MADRID, Nov. 14.-El impartial says
the government has forwarded instruc-
tons to Senior Montero Rios, president
Of the Spanish peace commission 1T
Paris. and that to-day's conference
may be the last, or the last but one,
unless the American commissioners
modify their claim"
PARIS, Nov. 14.-Among onloOkers
here the impression exists-though it
Is not the result Of any official state
ment-that the Spanish peace commits
bioners will not consent to q treaty
which the American commissioners
could sign.
It seems almost possible, also, that.
In the pitiable pressure to which the
Spanish commissioners are subjected
between their large creditors, who are
on the spot watching them, and the
stern attitude of the United States, the
Spaniards may abandon their strug-
giles and leave the two forces to con-
front each other.
The Gaulois says: "The acquisition
of the Philippines for twenty-five
years by an international syndicate,
from whichever power may eventually
acquire them. is a. rumOr based on
facts of which the Gaulois will to-day
give details"
Following this lead, the Gaulois and
other papers announce the scheme
somewhat on these lines: A syndicate
representing $500, 600, 600 capital pro-
poses to take over the commercial re-
sources and advantages of the Phil.
ippines for a term Of twenty-five
years, paying to the dominant power
therein 1925, 200, 900 for the privilege.
Under the alleged terms of this
scheme the dominant power would ad-
minister the political and military gov
eminent of the islands at its own ex-
pense, under the apportionment named,
while the syndicate would collect all
customs and other revenues, for the
term specified.
The scheme involves giving Spain
SITS, 900, 600 to satisfy any real or
imaginary claims she may make as to
the territory. This feature is said to
be based on the assumption that tie
United States will be the dominant
power. The remaining 500, DOC, 900 of
this reputed syndicate would be re-
served as its working capital
The sponsor of the project is Mr..
Young, said to be a son of Brigham
Young, and an attempt is apparently
made to create the impression that the
capital of $500, DOC. 900 is already under
written.
1t is thought possible, however, if
the alleged syndicate has an existence,
that Americans may have an oppor-
tunity given them to join with it in
of large or small amounts.
Whether it prove veritale or other
wise, friends of the United States here
are asking if the announcement of the
scheme is not intended to embarress
the Americans by an offer, real or APP
parent, of $500, 900, 900 for limited
time for the use of what the Ameri-
cans may desire to acquire in per-
petuity for a sum relatively nil.
Non-official Americans in Paris put
aside as unthinkable the assumption
that the United States would farm its
burdens or its advantages, if any, in
the Philippines, which, if acquired,
will be taken over as indemnity at
the discharge Of high respon-
sibilities.
LONDON, Nov. 1.-THE Times, in its
editorial ON the Hispano-American
repeats its conviction that
mo power will attempt to hinder the
transfer of the Philippines" adding
that their loss cannot be great to
Spain, who had practically lost the
entire archipelago before the United
States interfered.