The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-06-04

MADRID, June 3.-Germany, 1t Is an
nounced, pays 27,OO0OOO pesetas for the
Caroline, Palnos and Marianoe Islands.
Spain retains three coaling stations one
in each group, and Germany undertakes
to defend these stations in case of war.
Germany, in addition, grants Spain the
most favored nation treatment in Ger
many and the colonial islands.
MADE A GOOD BARGAIN.
WASHINGTON, June 3.-The opinion
here is that Spain has made a very
good bargain in the price she obtains
for the Pacific islands. The cash COM
pensation is about equal to the sum OF
100000 in United States money.
which, it is believed. will be full COM
pensation.
But in addition the guarantees Afford
ed by Germany are regarded as extra
ordinary. The permission to Spain to
retain three coaling stations, and above
all, the undertaking to protect these in
time of war, are certainly of great
value.
In fact, it is said the undertaking
to protect the coaling stations for Spain
is In a sense committing Germany to
an alliance with Spain, for it is con-
guarantee Germany may be placed in, a.
position where she must go to war FOR
SPANS sake.
The concession that Spain may enjoy
favored treatment in trade with Ger
many and her colonies is said to be of
value so far as the mother country is
concerned, but of little Importance in
respect to the colonies of Germany.
SD9in oh
Roadway in trade with colonies on even
terms with Germany, and even where
she held sovereignty, as in the case of
the Carolines, German trades interest
took the lead
1t is stated at the State Department
that our Government is not in a way
to be advised officially of this transac-
ton until, perhaps, ambassador White
at Berlin reports it to the department as
an item of information The reason for
this is that the transfer nominally con-
Germs nobody save the two parties to it.
there being no dispute as to the title
of Spain and her right to make a trans
fer, and no conditions as to spheres of
influence or any of the later day nice
ties of diplomatic meddling to warrant
the interference of third parties. 1t is
said that the United States might have
acquired the islands some time ago on
practically the same terms. Certainly.
as to- the Carolines, we might have had
possession of Ualan. the pearl of the
group, and perhaps all of the islands,
in exchange for 81, OOO,OO cash and ex-
ceptional trade rights for Spanish trade
in Cuba and Porto Rico. During the
peace conference at Paris the Commits
sioners offered the million for ITALIAN.
and the trade was under way when it
was broken off through the additional
demand by Spain for favored treatment
in trading with Cuba and Porto Rico.
These terms correspond in measure
with those demanded of Germany, ard
having declined them ourselves, it is
not believed that we have any right
to object to the cession to another ma
ton.
GERMANS SATISFIED.
BERLIN, June 3.-The announce
ment of cession of the Caroline and
other islands to Germany met with a
most favorable reception here. The pa
pers which commented upon it laid
stress upon the success of German pol
icy, which, it is pointed out, accom-
plishes now what Prince Bismarck was
unable to do in 1885 The ARRANGEMENT.
however, requires the sanction of the
Reichstag, which will fix the price.
What Has Been Done by Machinery
By the aid of improved machinery,
that which at the beginning of the CEN
tury was the luxury Of the rich Is now
the comfort of the poor. Material and
labor are no longer the sole factors of
production. Assisted by machinery and
tools, mans labor now converts the raw
material Of nature into the useful, nec-
essary and, in some cases. even the ar
tistic paraphernalia of civilization, with
one third of the exertion formerly
necessary. Even Russia, the latest
competitor in the Industrial field, has
with the aid of machinery, more than
doubled, since 1861, the Individual out
put of those employed in her maniac
tories. In the course of twenty years
QS7O-lS9O) the number of persons en-
ployed i'm the American manufactures
has more than doubled, and the value
of their product has nearly trebled. I
mention these facts to show the import
ant part that machinery now plays I'M
modern industrial warfare. Few real
lie or stop to think how much We are
indebted to the inventor and machine
designer for the comforts, 1uxuries and
necessities Of our daily life. The loom
which weaves our silks, cottons and
woolens; the harvesting machines
which reap our corn; the machinery
which forms our bricks and mixes our
mortar; the printing machine which
makes the penny daily possible. Our
food, clothing, furniture, literature, all
are produced on machinery which it is
practically impossible to make or
maintain without the modern machine
tool.-H F. L. Orcutt, in the Engineer
ing Magazine.