AMERICA AND SPAIN.

Lyttelton Times, Volume XCIX, Issue 11539, 28 March 1898, Page 5

AMERICA AND SPAIN.

THE MAINE DISASTER. FALL IN SPANISH STOCKS. IMPROVISING TORPEDO DESTROYERS. PRESIDENT M’KINLEY URGED TO ACTION. "WAR PREFERRED TO UNCERTAINTY. United Press Association—By Electric TelegraphCopyright, Received march, 26. 11.15 a.m, WASHINGTON, Mabch 26. The report on the Maine disaster has been received at Washington, -and the Cabinet is now considering it. President M’Kin ley is striving to suppress the War Party in the United States.

Received March 27,5.15 p.m. March 20.

The United States Government is hurriedly purchasing tugs and steam yachts, with a view to improvising them into torpedo destroyers. President M’Kinley has been requested to strike a blow before the* Spanish torpedo flotilla arrives at the West Indies.

The Conservatives do not support President M’Kinley’a efforts to promote peace with Spain. Financiers prefer war to the uncertainty which prevails. Pending the official statement, all the American reports agree that the Maine explosion was external, causing a second explosion in the forward, magazine. The Spanish reports deny* that the explosion was external. President M’Kinley desires to treat the Maine explosion as an incident in itself, preferring to intervene in Cuba on Humanitarian grounds. LONDON, March 25. Spanish stocks are falling. Lloyd’s quotes 5s per cent war premium between Manila and London.