Mr. Hay to Mr. Day.
Washington, November 25, 1898.
The President has considered the three proposals of the president of the Spanish Commission submitted to you. He finds no reason for departing from his last instruction and your proposal thereunder. His instructions are that you adhere to your last proposal and decline those of the Spanish Commission.
He repeats his instruction of November 13, by which you are authorized, in case of cession of an island in Carolines, and other concessions mentioned by Messrs. Frye and Reid to offer additional compensation. If negotiations in regard to Philippines are successful, you will communicate to the President what amount is required for Strong Island, and he will instruct you.