PEACE PROPOSAL MAY COME TODAY Russia Will Probably Take the Initiative I AUSTRIA HAS DECIDED TO KEEP IN BACKGROUND But Believes Time For Intervention Is at Hand Austria Does Not Believe America Will Be Permitted to Hold the Philippines Talk of An English ProtectorateEngland Willing < o Take the Initiative In a Peace Movement When Both Parties Are Ready Balfours Statement Vienna June 10The government has decided not to initiate mediation between the United States and Spain as it wants to avoid the appearance of making intervention seem only a dynastic dy-nastic action in the interest of the queen regent which might perhaps give fatal offense Nevertheless a decided opinion is held that the time for intervention is very near at hand although a hesitation hesita-tion to take the first step is evident everywhere The probability is that Russia will undertake the initiative within one or two days It is known that the American government gov-ernment has become more approachable approach-able on the subject of intervention With regard to the Philippines no doubt exists in official minds in Vienna that the islands cannot remain in the hands of America The insurgents there reject all foreign control and moreover it is scarcely conceivable that America could provide a sufficient force to enable her to take full possession posses-sion of so extensive a group of islands The probabllit is that the powers will find a way out of the difficulty to reestablishing a sort of protectorate which perhaps jimgland might undertake under-take One fact however is incontrovertible the united cabinets are agreed that the Philippines must remain an open market mar-ket for the commerce of the world