The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-16
PAYMENT 0F INDEMNITY
PLAN PROPOSED BY AMERICA AND
ENGLAND GAINING IN
FAVOR
SEPARATE ISSUE OF BONDS
TO &c Turned Over TO Each Power
Interested for It's Share of the
TOtaI-Intercst at Four
Per Cent.

WASHINGTON, June 15.-The news dis
patches from Pebin convey to the official
mind here the belief tat what is known
as TIE British-American plan of settling
the indemnity question is making head
way. and that it will in the end be adopt
ed as the only feasible scheme. The
firm attitude of the United States in de-
cllning to enter into a joint guarantee
of the enormous bond issue, is believed 10
have had it's effect in inclining the min
listers TO accept the BTitish-American
proposal. 1t is certain that any move
ment toward the settlement of this in
demnity must result In unanimity to be
effective. Although often mentioned, the
details Of the British plan have not here
tcfore been given. and they were learned
tcSay from an authoritative source, as
follows:
DETAILS OF THE PLAN
''The Chinese government is to issue
bonds TO each OF the powers TO the
amount Of the indemnity due eacn.
Tnese bonds are to bcal per cent inter
est, with a clause providing u per cent
10 amortization. Certain Of the Chinese
revenues. not specifically designated in
the . position, are to be Gar-maTkeu Tor
the illu GatiOn Of the bonds. commit
tee aY. 0-nted by the foreign powers is
TO take charge Of questions relating 10
the rev nucs, those ear-m2rked, ana the
committee Is TO arrange details by which
the revenues are TO be applied on the
bonds. IN case Of default on the bonds,
the default IS TO be to the committee, and
not to the several powe S. The foreg0-
ing Is in substance the entire PROPOSE
ton, BIT later it was proposed in addi-
ton that the period Of the bonds be
thirty years, and that they be issued in
installmCrts. In this form the PROPOSE
ton stood up to within a few days ago.
but it is not known in what particulars
may have been modified by the minis
ters."
OPINION IN RUSSIA
ST. PETERSBURG, June 15.-It can be
stated On competent authority that Russia
now anticipates an early settlement of
the pending difficulties concerning the
mode Of payment of the Chinese indem-
nifty. Russia's position is that any method
IS acceptable which does not conflict with
the basic principles of Russian policy
Russia dld find objections to the British
plan, bat not to the bond plan in itself
She declined to assist in arrange
ments which would diminish Chi
nese autonomy, opposing all efforts to
enlarge control of the Chinese fnan-
Ces, but nevertheless she would not con-
slider the matter of a commission to col
lect and divide the funds available in
payment of the demands, regarding it as
an encroachment upon Chinese authority
1t is understood the powers generally
replied TO the American proposition that
the question was too complicated. The
Incident IS considered here as closed. The
hGve.s presented their accounts and de
fuBed TO consent to the American pro-
TottieR 10 scale them down, and China
, n7aded to pay the demands, and a formal
foCTution in council is cons dered unnec-
'ed to- 1t is understood that although
T51t 9: differs in de'tails from America
IT does not follow they will differ
in ultimate aims. The responsible Rus
sian officials speak with genuine pleas
ure, not only of the cordiality between
the governments, but of the kindly dis
position of the American people towards
Russia as reflected by the press.