Unless all signs fail there will be a rush to Manila at the end of the war second only to that which has been hurling itself into Klondyke. All sorts of wild rumours have been circu lated regarding the enormous wealth awaiting those who have the oourage to go and get it. The fertility of the soil has been dilated upon until the most extravagant notions prevail re garding the profits in sugar, ooffee and tobacco raising. It has been reported that a big syndicate has already been formed in the States for the purpose o f controlling the American commerce with these islands. Export and im port statistics show that there will be

a chance for Americans to control a handsome commerce whioh now be longs to Spain, while at the same time increasing the value of the exports of the islands. THREATENING OUTLOOK FOR AMERICA AND ENGLAND. A special message dated 29th May says “ From a most trustworthy source in high diplomatic circles it is learned that the reported negotiations between Spain and France with respect to the sale of the Philippine Islands aim at much more important colonial changes. It is said that both Spain and Russia have already agreed to the cession of the north-west const of Morocco to France. Successful con summation of this plan would ensure Franoe’s aid against the United States, and eventually against England. Rus sia, especially, would be pleased to see this key to the Mediterranean in the hands of the French. The strategical strength of Gibraltar has suffered a gradual decline, and when menaced by Spain from teira firrna England would no longer be able to retain control of the entrance to the Mediterranean Sea. Add to this the cession of Tangier to France, and Gibraltar would no longer prove a barrier to either Spain, France, or Russia. What France offers in ex change for this is kept secret, but it is believed that she may not hesitate in turn to openly espouse the cause of Spain against the United States. AN IRISH-AMERICAN PROTEST. 