&EKBOE, 



Gl'ATKMALA. 



net resigned. The King sent 

 for Tbeodoros Delyannis. who formed a Cai>in.-t 

 composed as follows: PWM-I.-IM ..f the r..un -il 



: ' .'.:. .:..,. TlMOdOMIi 



k' rvign Affair-. sko,,/, - M 



; -. M ,MOM,S. '.. i:.- ; Mim-ter ..f 



War. SmoIenU: Minister of Marine, Levidi-: 

 Mtotoerof Justice, Varvoglis; Minister of I'ub- 



i . ' : . f " ..:-. 



In intrusting the Government to Delyannis, 

 with whom he had been on had terms since he 

 dtsmiswd that statesman from ntli.-e in iy'J.tli.- 

 K : v i : . , isc ' bat thfl mini-try would 

 re with tin- i -iimmand of the Jinny. 

 nor introduce any bill in the Boulc fcodimintth 

 I hi authority of ign as comnmnder-in- 



ehietorrWrain him from making promotions 

 and assignments to duty, on gvonndsoi seniority 

 and fitns> h'-ut regard to political or 



. .,;.,' ;,*. 



The plan of Delyanni- for the service of the 

 Bbt was to allocate certain revenues, after set- 

 ting aside a Mifli.i. M -Mm for tin- proper work- 

 ing Of the administrative machine to meet the 

 euumsof the public creditors. For the admin- 

 sequestered surplus revenues a 

 debt commission would be appointed, composed 

 of some of the most important and Independent 

 f the kingdom, Ddt containing no repre- 

 vntntives of the foreign bondholders. I'he 

 -..in mission was to consist of the Minister of 

 -ident of the Hoard of Audit, 

 the President of the Boule, the I'r.-ident of the 

 Court of the Areopagus, and the managers of 

 three of the principal banks. He proposed to com- 

 plete the Chalets section of the Pin-mis and La- 

 rissa Railroad, which had co,t the state 85,000,- 

 OOOdrachmai and was falling into decay ; to save 

 from ruin also the Myli and Kalamata Railroad ; 

 and to tini-h the incomplete and neglected roads 

 throughout the country. The military police 

 wen to be altered into a state civil police in the 

 cities and a municipal police in small towns. 

 Educational fees were to be reduced, and the 

 contributions of municipalities for primary edu- 

 cation abolished. After passing these measures 

 ami two bills for the relief of the prod tic- 

 currant* one slightly reducing the export tax, 

 ndoneauthori/mg the Government to take 20 

 per cent, of the superabundant crop and hold 

 It back for a vear the Boule closed its session 

 on Aug. 1. The provisional reduction of ; 

 cent, in the interest on the foreign debt was 

 continued by Delyani, pending the arrange- 

 ment of a compromise it I, the Knglish. F< 

 German, and Russian creditors. Since m.. 

 the bondholders objected to the proposal 

 h*i *wn made by the committees that pre- 

 tended to speak for them, the Greek Govern- 

 ment demanded that the holders of Greek bonds 

 should register their names and the amount of 

 iS? ho 7W * Preliminary to the negotia- 

 tton* apd delegate persons to act for them who 

 2*M be truly representative. With the pre- 

 mfamongold mounting up to 89 per cent, the 

 Oovernment could only, at a greatMcrifice, ob- 

 Uin the money to pay eren 80 per cent of the 

 *- T* 1 *" we 118300.000 

 C|IV OB. of which 16300,- 

 ^Sf l?w"onal gold loans 

 14.160,000 drachmal The debt 



mounted 



amounts to $54 per capita, and the annual 

 charge for interest an. I amort i/at ion N 

 >! 1 Ihe reduced interest the 



holders received a fair return for tin ir ; 

 as most of the loans were issued f r 

 IHT cent, of their face valu . 



The Olympian (.aines. An int. mat ional 

 congress hel<i in ran- m the summer <>' 

 under tin- presidency of th- Itar-m ! < 



intr the Olympian p-i 



en-nt (Jreece in t)n- form of an internal ional alh- 

 imiameiit.tobeheld indilTerent l-iuropean 



il Intervals of four vesjrs, The hV- 



, \:i\^-< phi'-i- in Atiiens in t In- -p: 

 and the second will be in I'ari^ j. 

 The L'ame- include gymnast irs. running. 



D-. t. inn-, rowing, and sailin. 

 tivities will be (liversifled by -pe H ;I , -les and an- 

 (Jrrek niii'-ic. 



Ot'A I I >I ^ l.\. a republic in Central 



1 independent when 

 American Confederation <li olved in IM ;. 

 legislative power is vested in the Natim. 

 sembly. a single chamber elected for f,,,i, 

 by univcr-al sutTrage. The l'n->idi-nl i 

 lieyna Barrios, eleeied for the con^tit-. 

 terin of six years that, ends in l 



Finances. Customs duties provide 

 half the revenue, and cxci-e dun,., on ; , 

 and tobacco more than a quarter. The princi- 

 pal expenditures are for the debt, the army, and 

 education. About a tenth of the r. 

 to maintain the regular army 

 and men and pay the necessary expenses 

 militia force of 67,800 men. The Govern meal 

 has expended money lately to procure i 

 military arms. It has also i-recti-d many m-w 

 public buildinga and entered into h, 

 ments to subsidize railroads. A national 

 has been established. 



Guatemala defaulted on her bonds in I 

 ary, 1804. The bonds arc held mostly in 

 land, though American- and Germans hold a 

 part. The Kngli<h bondholders formed a 

 mittec, with Sir John Lubbock as chairman, and 

 sent an agent to Guatemala. They w.-nt 

 as to suggest the forcible intervention of the 

 British Government. The Guatemalan < 

 rnent declared that it had no intention .f 

 dialing either principal or intcre-t of the del. t. 

 that the temporary su-pen-ion \va- due to the 



lalion of -ilver. and that tl 



duties hypothecated for the .rvicc of th 



reguArij deposited in the trea- 



tcmalan coinmi- ut to \-',\ 



and an arrangement was finally made j : 

 1895. The (Jovernment offeml to j 

 bond for 75 bearing 4 per rent, inte: 

 exchange for every 100 bond of the <\ 

 d-bt. and for the 'internal U.nd- to jssix 

 ones for 93f percent, of their face value. I 

 likewise 4 per cent interest The London 

 holders agreed to accept this compromise. 



Education. Education i- f v Mipul- 



..,ry by law. and t he Government maintaii. 

 primary M-hooN. but only 4'-'>.7*'.l children 



' of school age were in a'- 

 The Government expended $1. edu- 



cation in 1894, over a tenth of its income. 



Railroads. A railroad from San 

 capital. 72 miles, and one from Champ* i 



