"According to impresslons I have been able to collect in various circles unconnected with either side, but entitled to weight, the refusal of the United States is not of so positive a ch&racter as would at first sight seem to result from the formal declarations mentioned. Tie reasoning given me is this: The United States have declared that they made a war not of conquest but 'iberátlcn and order, because they JQ not sV. v the prolongation at their . doors "f a state of things which was. in tfceii eyes, a blow to the cause of humanity and civilization. They therefore mar'e a public declaration that the war va not one of conquest, and they now consider that by agreeing to be invested with the sovereignty of Cuba they would give themselves the appearance of having conquered the island for territorial aggrandizement. They refuse to give themselves the appearance of a conquering nation. Henee they positively refuse to accept that capacity of sovereignty which would be inconsistent with the character of tarlan disinteresícdness essential to the honor oí Americx "The United St;. tes quite comprehend that their firm refusal to accept sovereignty does not exelude obligation, on the footing of justice and equity, to roake Spain real concessiuns as tofinancial burdens which would be crushing if she were saddled with the whole Cuban debt. We raay be certain that on this point the Americans will be less inflexible than on the principie of sovereignty. The proof, I am told, that the United States are disposed to meet Spain in an equifable fashion is that the Spanish commissioners, who would not at flrst accept an invitation to dine with General Horace Porter until the end of the conference, have now accepted. Frier.ds of the United States here think it might have been better if they hád proceeded more openly and if, instead of ccnquering the island indirectly, the Washington government had frankly accepted sovereignty in Cuba with all the rights and obligations involved."