The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-13
OTIS HAS A PLAN
By Which He Hopes to End Hoslilities
Quickly.
TRYING TO SURROUND NATIVES
And Capture the Nine Thousand Now
at BaCOlOr.
THE BANKS ARE GETTING THE BONDS.
Popular Loan" Issue Steadily Finding Its
Way to the Vaults.
THE INDIVIDUAL HOLDERS ARE DECREASING
An Average OF sisty-eisht thousand
of the Bonds Ia Now Held by
Each National Bank.
HE BANKS ARE GETTING THE BONDS.
Popular Loan" Issue Steadily Finding Its
Way to the Vaults.
THE INDIVIDUAL HOLDERS ARE DECREASING

Washington, May 12.--General Otis has
practically completed preparations for
movement, which, IL successful will be
the master stroke of the campaign against
The insurgents.
Reinforcements have been sent to
General Macarthur, who is disposiug his
troops, and General Lawton has moved his
column from Balinag and Maasin to
strategic position. The whole purpose OF
these movements is to surround the 5000
Insurgents, believed to be intrenched at
Bacolor crush the organized forces and
make prisoners of all who are not killed
in battle.
Bacolor is southwest of San Fernando.
where General MacArthurs headquarters
are established, and is on the line of the
railroad. 1t is connected with san Fer
nando by wagon road, Macarthur is ex-
pected to send a column TO the west OF
Bacolor retaining his main position on
the north, and General Lawton is believed
% so have moved his column as to protect
communication with Manila and at the
same time flank the insurgents at Bacolor
on the east General Lunas command
which was last reported at Mexico, can be
taken care Of, 1t is thought, by few
troops making demonstration in their
front.
II is because of the necessity OF having
strong force for this present movement
mat General Otis has not withdrawn the
volunteers from General MacArthur's and
General Lawton's commands, preparatory
20 shipping them home.
An encouraging feature OF the present
movement is the fact that to the south
ward OF Bacolor is the Maceabeebe coun-
try whose inhabitants are friendly to the
Americans, and the Rio Grande river upon
which are a number OF army gunboats
which viii be useful in maintaining ccm-
municatons and at the same time attack
ing any insurgent bodies that may come
within range of their guns.
The records Of the treasury department
show that National banks are slowly but
steadily increasing their holdings of reg
istered bonds Of the Spanish American war
issue There were 4l6 National Slnks,
holding in the aggregate $22 ,147, go of
these bonds, with the beginning of the first
quarter, November 1, 1888; today this num-
Der has been increased to s6S, with hold
ings amounting to s5o351, 220. The average
holding of each National bank at the end
of the first quarter was $533S at the
end of the second quarter S67422. and at
the end of the quarter just closed SOS, 1906
The number OF individual holders of these
bonds had shrunk from 41.9i6 at the end
of the first quarter to 3444S at the close
of the present quarter, while the amount
of the holdings had increased from s2g, 7OS,-
$50 to 1896 s0. The total amount OF
registered bonds allotted on original ap-
plicatlons was s3O.s14OoO while the
amount outstanding on May ! was 500.
67S,040. During this interval s62, 1854 .04O
coupon bonds were exchanged for regis
tered boads.