The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-30
ITO HOLD fILIPINOS.
Administration Has Concluded to Take
Over the Whole Archipelago.
MAY ALSO ASSUME THE DEBT
Spain Owes 100000 for Which the
lsalnds' Revenues Are Collateral.
SACASIA IS WILLING TO LET GO.
While he Realizes the Futility Of HOLDING
the Islands, Other Spaniards Do Not.
PREMIER MIGHT BOLT THE CONFERENCE
Hut should spain DO So the United
states Would Probably Take the
Cannrics as Lagniappc.
SAGASTA IS WILLING TO LET GO.
While He Realizes the Futility Of Holding
the Islands, Other Spaniards Do Not.
PREMIER MIGHT BOLT THE CONFERENCE
But should spain DO So the United
states Would Probably Take the
Cnnnries as LaGniappc.
Especial Dispatch to The Post,

Especial Dispatch to Tho Post)
Washington, October 30 Tho aiminis-
tration has concluded to assume control Of
the entire Philippine archipelago. That is
oefiniteiy understood and with it the United
States may assume utn entire Philippine
debt of s4o.oOo.oo0 contracted By Spain in
the bond issue Of 1896. This money 10 be
Paio by this country will not 60 directly
into the Spanish treasury but our commits
sioners will insist upon the $40, 900 900 20
ing directly to liquidate the Spanish Philip
pines bond issue OF 1895 because many Of
the bonds have been bought I'D recently BY
| American capitalists. This was the original
purpose OF the arrangement and unless the
spanish government carries ont the agree
ment TO reimburse the bond syndicate here
(Which bought up the bonds al very low
rote) and uses this money for the exclusive
benefit of the holders OF the bonds, nego-
tiations will be rudely interrupted
Anei@ 40 only one question for discussion
between the American and Spanish peace
commissioners regarding the Philippines
ana this is the amount and character OF
compensation that is to be given TO Spain
Tor her Oriental possessions. 1t is not the
purpose OF the administration to take the
Philippines without giving Spain compep
sation. There is no douht that under the
rules OF war as they have been applied in
the past, tho victor can Impose whatever
terms he may desire upon the vanquished,
ana had the war been longer drawn OUT
and more expensive in blood and treasure |
1t is probable that the president would have
directed the peace commission to demand |
the surrender of the Philippines without |
any compensation whatever.
Paris, October 29-Whlle the Spanish ami |
American peace commissioners nov stand
upon the threshold OF the Philippines oues-
ton, it seems possible in the light OF this
hour thai. the United States Will tax I
over the entire archipelago This view Il
the focus point of the best unofficial opin-
ION OF the trend of events OF the deyelop-
mtH's OF impulses OF the reasoning of mon
OF fixed landmarks TO sne crystal OF eon-
clusion.
During the four days lust past those in
touch with, though possibly not In ,bs
confidence OF, the commissioners have fslt
the concentration OF tendencies toward aha
standpoint Indicated as likely to BE- orcu.
pied by the United States commissioners
At Mondays session OF the two commits
sions.
In 1897 Spain ISSUED by royal decree /
ponds In the sum OF $4,000 900. To wnie, !
sere pledged the revenues OF Philipolne, :,
md to which the Spanish national guar
lntee was addsd. From thsse $40. 0oO am o
" obligations Spain realized $4,000, 900 IN !
ash. These forty millions represent the n
philippine debt, which is entirely ont c
ide of the s700000.O0o of the so-callea
philippines and Spanish general debt. In
The conditions also differ. the Philippine {
ebt having been created by royal decree %
ecause the archipelago was not a parlia- a
ientary colony. while the so-c3llei Cuban r
ebt was created by law. The difference
aises the question of the non responsi- =
ility Of tho Philippines when removed .
ON the sovereignty under which ITS re- c
ources were pledged. Sholld the Unltei =,
tstes absorb the Philippines. none but the n
lficiais vet know whether they would as L
me a par or all ut tniS Dan. f,r y,,ora I IL