The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-18

why Cuban Credit should BE sound.
What ara the sinews Of WARP Credit, and
then credit, and yet again credit. Without
credit the American Revolution would have
expired at its birth. With it. the struggling
colonies turned the "Winter of their discon-
tent at Valley Forge into an unending sum-
mer of prosperity. Poverty-stricken as we
were we found faithful friend in Beau
marohais through whom La Fayette and the
French brave Steuben and Kosciusko left the
luxury of the Old World TO establish freedom
in the New. Lot US not forget how
much our Republic is indebted TO
foreign interference for existence, and let
us not demand more from Cuban insurgents
than we ourselves accomplished unaided. The
Cubans want credit, and it is time that far
seeing capitalists asked themselves whether
there be not profit as well as humanity in CIV
ing them financial support. Never had revo-
lutionists 80 solid a foundation Tor credit as
have these same ''vagabond Cubans" Gould
they obtain it, Spanish misrule and butchery
would soon die natural death. Cuba's re-
sources are immense. She annually exports
agricultural productions to the value Of ninety
million dollars, and raises more than half the
sugar cane Of the world We call ourselves
the most prosperous of nations; yet on the
eve of our civil war the entire annual domes-
tic expectation of the United States amounted
to less than three hundred and twenty
six million dollars, while that Of Cuba,
resulting from the labor of rural population
numbering eight hundred thousand souls
half slaves-was equal to fifty per cent of the
cotton, rice and tobacco exported by us in
1859, produced by eight millions of people,
three millions of whom were slaves. This
marvellous contribution to the commerce of
the world was made, be it remembered, with
but fifteen per cent Of cultivated land and
under system Of organized spoliation, stupid
restrictions and general mismanagement
peculiar to Spanish rule. Cuba yielded a
yearly revenue of thirty-seven million dol
lars, Of which, however, only ten million dol
lars went to the government. the balance
being absorbed by general appropriation
committee of officials sent from the Peninsula
to play the boa constructor in an earthly
paradise.
Large as Cuban production has ever been,
it is small compared with its possibilities
were Spanish rule and native insurrection
things of the past. Thirty-seven per cent Of
the land is still covered with fine building
lumber rare cabinet and costly dye woods
and ship timber equal to the teak of India
and our own live oak. The land thus richly
| hxy t1ro 10 in IT ho has
adapted to the raising of sugar, coffee and
cocoa, an impetus to the cultivation of which
would be brought about by free institutions
and proper commercial relations with the
| United States. Nor is the undeveloped min
eral wealth less remarkable. Gold, copper,
lead and iron, together with asphaltum and i'm
mense beds Of petroleum, riot in tropical lux
uriance in the bowels of the earth. Columbus
found gold trinkets upon the natives, and large
nuggets of the precious metal have been lately
found at widely separated points 1t is we'll
known that from 1915 to 1880 the Spanish
Mint received several millions of dollars as its
share of the gold gathered in Cuban rivers.
No veins were discovered, but fuvial deposits
were too large to be unaccompanied by them,
and we do not doubt that American enterprise
would soon unearth wonderful secrets with
held from the world for centuries by Castilian
ignorance and apathy.
| To bring about contamination so devoutly
to be wished, to add to our own prosperity by
enriching neighboring island, the one neces-
sity is formal recognition of the undeniable
fact that there is such war in Cuba as Pres-
dent Madison declared existed between Spain
and her American colonies in 1911, ten years
before Congress acknowledged the independ-
ence of the latter This act of justice on the
part of our government, which so far has been
able to see but one belligerent apparently
sublimely unconscious of the impossibility Of
war without opposing forces, would surely
give to Cuba the credit due her by the divine
right of nature. For the nine hundred and
ninety-ninth time we call upon MI. Fish to do
unto another as we were done by in the early
days of our revolt against England, and we
beg capitalists, small and great, to ponder on
the latent capacity of an island that sooner or
later must be free and must be bound to us by
principle as well as interest
The SPANISH QUESTION OF SLAVE ENAMEL
PATTON IN THE COLONIES has reached to an
exceedingly important point of progress, as
will be seen by our news from Madrid.
The LOUISIANA ENTAN0LEMENr.-In the
fusion or -Pinchback Legislature of Louis
lana yesterday, on the first joint ballot for
tho long term in the United States Senate
the vote was-For Warmoth, 80; An
drew s. Heron, IS; J. A. Rozier, 81; Bussey,
Q; blanks IL no choice. This would seem to
indicate an uphill pull for Warmoth, on which
he may fail to get through. Meantime, the
short term Senator elected by each Legislature