The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-03-15
N0HELP FROM BANKERS
VIII Not Supply Spain With the
ss Sinews of War.
END OF CUBA's WOES IN SIGHT.

Element Of Our Quarrel with spain-The
Influence OF spain's Bondholders Ii All
Against War.
WASHINGTON, March 16.-[Special. lit
looks now as II an end to the woes of poor
Cuba might be reached in a very short
time, perhaps in 80 days. The great ma
tions Of Europe are taking hand In the
affair. Not openly, not by means of ulti-
matum or notes which form records, but
by the secret and insidious and powerful
means of diplomatic intercourse. Europe
wants no war between Spain and the
| United States The reason Is obvious,
though containing many phases The first
and most important of these is that after
Spain has wagh war upon the United
States, and lost, as she surely will lose IL
she tries it, Spain will be in the throes of
o revolution. l have heretofore pointed
out this fact to the readers of these dis
| patches. 1t Is emphasized by the attitude
Of foreign governments during the last
week. If Spain makes war and loses, with
the bitterness and desperation of defeat
will come an upheayal of the whole social
| and political fabric of that kingdom.
| More likely than not "a republic will sue
| coed the empire, and this sort of an up
heaval is precisely the object lesson which
no European nation wants to have afforded
| its own people.
| Europe's interest in maintaining peace
between America and Spain Is keen.
| There is, in addition to the consideration
| just stated. the commercial point of view.
No one can foresee what disarrange cement
of commerce will come If war breaks out.
Besides, once let slip the dogs of war be-
tween the United States and Spain, once
redden the seas with blood, and the states
man does not live who is farsighted enough
to see the outcome. The peace of the
whole world might be broken. Then there
Is the money stake. Hundreds of millions
of Spanish bonds are held by bankers and
their clients in France, England, Germany
and other nations. The French are be-
lieved to be the heaviest holders of Cuban
securities War between Spain and Amer
lea means virtual forfeiture of all these
loans. Spain would not only lose Cuba,
but she would probably go to pieces her
self. She could not pay, and Cuba would
not.
Bankers Cry Halt.
At the foot of every throne in Europe
sits banker. In every European cabinet
great banking houses have their represent
atives They are often able to formulate
policies, they are always able to mold
them one way or another. The bankers
are against war, and they have issued their
command that there must be peace. If
Spain breaks the peace, she does SO at her
peril. She can effect no war loan. The
bankers have gone as far as they will go.
They will not give Spain money with
which to ruin herself. The very best they
could hope for in case of disastrous Span
ish-American war would be pittance OF
| or 10 cents on the dollar. For this rea-
son peace is imperative, unless Spain loses
( her head, unless her statesmen become sc
wild and vicious that they are willing tC
plunge their country into the very crater
of bankruptcy, ruin, failure, humiliation,
| anarchy, revolution. In the opinion of the
best informed men here in Washington
| they will not do it.
The best barometer of war or peace Ii
the quotation of Spanish bonds in the Eu
ropean markets. When Spanish fours de-
cline, the situation is growing more seri
GUS When they are steady, no new dan
gers threaten. When they arc up, difficult
ties are disappearing. Perhaps the house
of Rothschild has more to say about decid
ing the question of war or peace than
Prime Minister Sagasta himself. The
Rothschilds not only know what Is going
on in the most secret councils of the Mad
rid government, but they are able to is
sue their ultimatums as to what shall OF
shall not be done. Moreover, they know
how to pull the wires that set the govern
ments of France and England in motion
| and to produce diplomatic pressure upor
L Al la linz
to information received here of an appar
emily trustworthy character, Is precisely
what has happened.
! do not mean to say that the bankers o.
Paris and London are able absolutely Il
control the question of war or peace, but
they will come very near it. An extraor
binary situation, an accident the firing o.
gun by hot headed officer, might bring
on war without the desire or the intention
| of either government. But such causes
aside, find the best balanced and mos
thoroughly informed public men of Wash
ington convinced that there will be nj
war.
Our Policy.
They say the United States desires only
that which is right and proper. 1t is no
the intention of the United States to seel
Cuba for itself. 1t Is not "a selfish policy
that controls this government. We are LEI
to Intervention solely for the purpose o
saving thousands upon thousands OF hu
man lives, to relieve the world of a plague
spot, to rid ourselves of an annoyance tina
has become intolerabe The world look
on and approves. 1t sympathizes with ou
efforts as it applauds the patience which
we have shown in the past The greate
the crisis the more restraint is put upor
Spain by the governments Of the old world
the more the bondholders, both directl.
and speaking through the government
they are able to influence, point the fingei
of warning at Spain and command her no
to break the peace.
Spain is today tho most barassed ant
unfortunate country on tho face of th'
earth. Poor China's lot Is enviable com
pared to hers for the Chinese are people
: without the keen pride and sense of hono
which mark the Spanish people. Ye
Spain is falling almost rs low as Chin'
and becoming a ward of civilization. She Il
; virtually in chanoory today, being guided
. FL -