New York, Deo. 25.- Following is the pith üi Androw Carnegie's conimunication cabled to the Londoii Times: "A very great power haa declined arbitratión in a boundary dispute with a very weak powor, beoause part of the torritory in dispute has been scttled by its citizens whrfm it ir, boui-.ii to hoior ftud pyotoot. The great power ïuight, however, have offered to accept peacoful arbir.ration of the wholo dispute, provided a valué was flrst agreed upon, or that arbitratión should ñx one upon the settled territory, contiuued possassion of which was held to bu necessary. "ïhus would the principie of arbitratión have been upheld and honor doubly protected; title prtected by honorable purchase if uuexpectedly found defeetive, and all her citizens securely guarded. There should be little diffieulty in securinpc arbitratión in thU form through your ablo ambassador at Washinctou, aided by the good offices of your kindred nation. Perhaps a price could be obtained without arbitratión, although this is less probable and inflnitely less desirable, since arbitratión is the precious jewel of our age and should not he disoarded. , "In this crisis, when the passions of men are so wildly stirred, it is impolitic to refer to the Itralned relations between the two nations that embrace all our race, but it is all-important for thB people of both lands to remember that tho deplorable irritation now oxisting has its solé cause in tlio rei'usal of peaceful arbitration upon a point of honor which, it is held, renders the continued possession of some disputad territory nccessary, but which' can be readily safeguarded and ye arbitratión bo made the intitruinent of peaceful and honorable settlement for all parties concerned."