Omaha daily bee., 1898-03-27
Hoping to Avert Conflict, but Refusing
Further Concessions.
MIC STRIKES THE MONEY MARKET
Securities Drop Faster and Further Thao
Ever in One Day.
SITUATION HAS BECOME MOST GRAVE
AL Foreign Representatives Mt th
spanish Capital Recognize tho
Serious Aspect OF the Crisis
Mt Present.

Copyright 1885, by Press Publishing Company.(
MADRID, March 26-(New York World
Cablegram-Special Telegram.)-on high auY
thority / am able to state the American
memorandum only dwelt upon the Maine
catastrophe as mere lamentabe incidend
to the principal issues and problems OF thA
Cuban question, to which the American govA
ernment seriously called the attention OF tho
Spanish cabinet, with view to make "
clearly understood that the time Is faso
drawing nigh when the American govern*
ment will act upon warnings so often given
since the beginning OF the present struggles
The action of the American executives haa
always been aimed at the preservation Of
peace, the cordial relations Of Spain affording
1t the widest scope to mend its ways, and
realize the pacihcation and the aspirations
of the colonies. Nevertheless. the AmericaD
consular reports, like those Of Europeafl
powers. are unfavorable to Spain and can|
not, any more than the whole diplomatic cora
resDondence. especially Of the laet sin
months, be Indefinitely kept back from tho
senate. The congress of the American govS
ernment signifies its intention of communi-
eating all official data on Cuba and the Maine
report also, to the chambers. Steps are con"
templated to make the distribution Of reliel
more effective. America would see a prac-
tical term assigned for the pacfcation OF
Cuba compatible with the interests and aspi.
rations of the majority of the Cubans.
SPAIN STANDS PAT.
The American memorandum Is soid to be
strongly argued and coutred in firm language
| The Spanish reply in substance Is equally
| firm. On tho priucipal issue, the Cuban
queGtlon, 1t is resolute assertion Of thd
| intention to tolerate no invasion of Spanish
rights or the overthrow of Spanish rule In
Cuba. Spain deprecates sending relief in any
shape that might encourage the separatists OF
| lead to inevitable conflicts. Spain lays much
stress ou all efforts made to satisfy the views
| of America and preserve the relations cordiaH
| whilst endeavoring to implant home rule and
hasten pacifcaton, which has only been res
tarded so long by moral and material assists
States. On the Maine question Spain wished
conciliatory solution meaning arbitration.
On the whole, the exchange Of uotes leaveA
the matter in the same state. On March 2S
the American minister had an official inteCa
view with the ministers of foreign affairs and
colonies, Gullon and Moret, at Gullon's private
residence, and 1t is understood left with them
an official note and statement. On Friday
March %, the American minister had an ofh.
cal interview with the minister of foreign
affairs at tho foreign office, when he receiveQ
from the Spanish minister an official ceply tQ
the American memorandum OF March 2N
Neither Senor Gullon nor General Woodford
will give the slightest intimation as to tho
nature or ccutents of these two papers. 8
| MATTER DECIDEDLY SERIOUS.
The impression In diplomatic circles ia
that spain is Just approaching decisive
crisis which may have eerious consequence
| on Spain itself and which explains the
more resoute attitude of the liberal goYf
! ernment and it's less concllatory replies tQ
American notes. All the legations and enc
bassies in Madrid are daily telegraphing the
news and their impressions to their ret
Gpective governments. The Spaniards seeH
to expect that Germany and Austria will
soon show signs OF sympathy. Military and
naval preparation is silently but actively
proceeding, but the priucipal battleshipS
and cruisers are not yet ready for commiSs
sion. The Spanish government is night and
day receiving kilograms from Washington
and Is sending ciphered messages OF great
length to Senor Polos. The ministers declind
to furnish any information as to the coma
munications they admit are passing. en3
matters are assuming very serious aspectS
though sagasta, Moret and Gulon still hopS
a rupture may be averted II President Me-
Kinley makes some concessions. I am 81
sured by high authority that the Span!s4
government has assumed this week an attic
tude OF dignifed protest against the contemS
plated more energetic action foreshadowed
by the communication on the part Of thl
American government.
SECURITIES GOING DOWN. I
There was considerable uneasiness today
in political circles and a panic in financial
circles marked by the heaviest decline on
record In a single day in all classes Of sea
curities. though there Is no fresh assignablS
reason. /
Sagasta, on leaving the palace after a ccpS
ference with the queen, said: There
nothing new. We are exactly as We were
yesterday. but / still trust In being sbl@
rupture"
The ministers OF the colonies and foreign
affairs held a long conference with sagastH
and 1t is stated that senor Gullon entertain4
hopes of a satisfactory solution for Spain.
/ Tha SnaniSh rAnart. amon1 oihAr NJ