The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-06-05
MODUS VIVENDI'
MAY BE NECESSARY TO PREVENT
FURTHER DELAY AT PEkING.
settlement of Indemnity Question
Possibly Will BE Held in Abey-
ance for Time.
JOINT GUARANTEE OF BONDS
CANNOT WELL BE SANCTIONED By
THE ADMINISTRATION.
Constitution Does Not Provide for
Such Action in the Absence of
Legislative Approval.
BRITAIN OPPOSING RUSSIA
PREFERS THAT CHINA ISSUE BONDS
TO EACH NATION.
United States Also i'm Favor of Deal
ing Directly with the Chi
ncse Government.
Constitution Does Not Provide for
such Action in the Absence of
Legislative Approval.
BRITAIN OPPOSING RUSSIA
PREFERS THAT CHINA ISSUE BONDS
TO EACH NATION.
United States Also i'm Favor of Deal
ing Directly with the Chi
nese Government.

WASHINGTON, June 4.-The plan OF
modus vivendi on the subject Of the Chi
nese indemnities is now receiving the ear
nest attention of those interested in the
Chinese negotiations, the purpose being to
prevent the indemnity question from caus-
ing an interruption in the concert OF the
mowers and at the same time remove the
indemnity issue itself, so that progress can
be made on the remaining subjects of nego-
tiation. Since the return of the President
and Secretary Hay from the West the In
demnity question has been thoroughly gone
over with the foreign representatives chief
" concerned including the British, Russian
and French ambassadors and the Japanese
minister. Several of the ambassadors VINO
had intended to leave for Europe have now
deferred their departure for month.
The exchanges of the last few days nave
resolved the matter to about this: There Is
no further issue as TO the total OF the
indemnity. that being agreed upon by all
the powers at 1891, 900 900. But there remains
the question of how this amount shall be
paid The Russian suggestion. when ap-
pears 10 have the approval of majority
of the powers, is that China issue bonds
for the full amount, and that all the powers
then unite in giving joint ndorsemenl'
or guaranty, of the payment OF tnen. Inc
desire has been not only to have the assent
of a majority of the powers TO this scheme'
hut the unanimous approval OF all OF them'
This however. has not yet been accom-
Dlished and il is for this reason thdt the
modus vivendi is now being considered d.
a possible means of bringing about uhileu
The British government is not fayorapie e
| IN the Russian proposition, ana the britlsn
view has taken form In pian 10 i ma s
China issue her own bonds TO the seNSi 81 o. az
| governments, each government thereditei
adopting its own course as TO an idiS 9 S,a pes
guarantee. The policy or the ohiteu o'oeos
| concerning the Russian proposition "as
made known in part during the s,sesi -,
| western trip, although the inai course OF
| this government is still considered opei
| and is the cause for the EXTENDED confer
| ences between the ambassadors ana Secle'
| tary Hay which have been III pIoSies,s'
| in1o Mr Hay's return. The chief diff
| Guilty which the United states mas as 70
| ioint guarantee is that the Cohsliluuoi
| does not authorize the executive 10 guar
| antee bonds in the absence OF the appioNa a
| of Congress AS TO the attitude OF Con
| gress IL has been stated during the hego
! tiations that 1t is very douotlul "he.ne
| the executive branch woulo app,oNe yoiil
| guarantee of such a vast total Oh Donus
| Moreover. the American. view mas pee
| that 4 per cent bonds, as contemplate ~
Russia. would not be prudent illVestnieh
| states readily sells bonds at 2l2 per cent;
| whereas Russian per cent. securities SCI
at IS cents on the dollar, = satt,sd 3, :
ho,;avad that fully so per cent of the Chi
| ,,ese negotiations will be disposed or In
| next question will be permanent treatie
with China. and on this point II Is expecte
that each of the powers VIII sugses. s ,,it GHi
| tain bases of treaty, and that these uitl
mately will take form IN common ioii
of treaty action.