New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-31
THE OUTBREAK IN COLOMBIA.
AMERICAN INVESTORS DISTURBED OVER
THE NEWS.

REPUBLIC GIVES HIS OPINION AS TO THE
PROBABLE RESULT OF THE RE-
ELECTROMAGNETIC ABOUT
THE COUNTRY.
The news that trouble has broken out in the Re-
public OF Colombia. published in dispatches from
Panama in The Tribune caused disquietude
downtown among those who have large IN
terests in that country. During the last year Ameri-
can investments In Colombia have been large. and
just now Is perhaps the height Of the rush among
persons who are looking to Colombia for invest
ments C. +. u. Caracristi. general manager Of the
Pan-American Investment Company. has just re-
turned from the Republic Of Colombia. where his
company controls over 10000 square miles OF coal
and iron lands. Mr. Caracrsti has lived many years
in the republic and Tribune reporter called at his
offices in the Mills Building to get his opinion OF
the extent of the recent outbreak.
ITO get a correct idea of the trouble" said Mr..
Caracristi II must take you back few years. The
great political parties Of the Republic Of Colombia
are the Conservatives and the Liberals The Con-
servatves have been in power about twenty years
and succeeded the old Liberal party The contention
of the revolutionary party or Liberals is based on
several grounds First. that the Church and State,
which are united by the Constitution OF 1885. be
separated second. in regard TO the finances. In
9l-92 $4,000 900 In paper money was ISSUED by act
of Congress- and the late acting President, Carolus
HOguin, cdnIe5tlnHly l-sueu so0pVV'V
the agency OF the Banco Nacional. Dr. Rafeal
Nunez was the de facto President at the time As
result Of this serious riot broke out In Bogota on
July 20 last against the Government. The incip!ent
revolution was suppressed after vigorous attempt
TO gain possession OF Capitol Square and the person
of Ho.guin. who had been elected President OF the
Senate on that day. Tae Liberals also desire to do
away with capital punishment and to estaolsh
equitable taxation and import duties
HIGH PRAISE FOR THE PRESIDENT.
president Caro- is one of the best men on earth,
and mis- worth has been recognized abroad, wnere a
number OF honorary titles have been conferred
upon him. But he has never been out OF the De-
partment OF Condnamarca. or fifty miles from 49,
gotta. What precpitated the present trouble IS the
fact OF the depleted condition Of the treasury ana
the worthlessness of Colombian money, which he's
fallen until now 1t takes three Colombian doiafs
to make the value of American dollar. me
Government is anxious 10 recuperate its finances
that IL is losing valuable coal and oil lands
royalty. and adopting similar methods OF ge'-
ting money The Government has been looking for
trouble and rather expected an outbreak on April
lG last: 80 much so. that the Sisters of the Good
Shepherd. in Bogota, most Of whom are Americans
from Brooklyn and New-York removed to the
American Legation for safety. The beginning OF the
revolution looked for In the Department OF
Santanler on the Venezuelan frontier. where large
quantities Of arms were said to have been taken
from England and Germany. Six hundred stands OF
arms we're found on July @ last. in the city OF
Facatativa. eighteen miles from the capital and
conhscated. and mere were found on the Magdalena
River. DR. Nunez Immediately fortified the port OF
Carthagena with heavy Armstrong guns and heavily
garrsoned II. The city is surrounded by fortihed
wall In places 10 feet In width, which cost s6o,-
100000 These preparations would prevent the occu-
patton OF city by the revoutonists II they at
tempted Il. especially as Carthagena il strongly
Conservative. Another thing that has broken down
the finances OF the country and helped In bringing
about the present trouble Is the fact that the Gov
eminent issued S-55cG0 worth OF bonds against the
revenue the Carthagena and Magdalena Railroad
Company thus partly destroying the only income
the country had.
'Tsesdes this they have entered into a contract
with an American firm for the building Of 100
niles OF railroad connecting the upper Magdalena
iscgota They PROMISED 10 issue $4,000 in bonds
payable in gold per mile for the 100 miles. these
ton that the total railroad mileage in the ceun-
try which is larger than was the United states state
/, takes eighteen days. by steamboat and mule
back. to get from the coast TO Bosota the capltai.
The hotbeds Of the revolutionlsts are In the de-
partments OF san,andcr. Cauca and perhaps Boil
var. and the first method OF the insurgents Is 10
separate by small riots in many parts OF the coun-
try the army OF tho Republic. so they cannot be
nassed against them in set battle
no NEWS OF \ BATTLE.
I'VE are in close communication with our agents
In Colombia AID have received no adVices OF any
battle The troops which number ll,Ooo, can be
moved with difficulty. there are no roads. only
trails and the change from the high pateaus
around Bogoio 20 the lowlands devastates their
ranks Tho published dispatches tnat the Colombian
duty ridiculous as the school went out OF ex-
isence ,%G y~aIs ago yue ate comandant Is
engaged in training carrier pigeons Tor me
Reyes n Is Tne 81 rnf he rebels
in 1886 when Admiral Jouett l.. 5 ~. took the
lsthmus Of Panama rom thT n,sci bn ys, ~
against foreign invasion or the stoppage OF tranc,
army our Information does not tell us who the
leaders OF the revolution are, ana OF course mucn
soldiers and i they have not there Is keiy 70 o De
scrvatlve who has been opposing the Goyernmen Mt
for some tune a mas p Ts is mporant from the Fact
that veez is the leading spirit tn the Department
Of hn'SSve M"n can make new loan mmedi
ately they will probably be able to suppress the
revolution.
AMERICAN INTERESTS SAFE.
whichever side wins will make li.te difference
In the security of American interests In Colon
bia Both Conservatives and Liberals will protect
foreign investments. and the constitution of the
country especially provides for indemnity In case
of loss by revolution. Neither side wants foreign
interests disturbed or frightened and our company
is especially guaranteed military protection. the
chief American Investments are the Panama Rai!;
and The Cauca Railroad. representing about $DeN~V
Invested Any contracts the Government may have
with foreign parties firms VIII. without doubt,
be carried out. even II the Government be over
thrown The total debt OF the country Is SS,0p0o:
the revenue customs about Sl5cO.m President
caro- said after the riots OF last July that he was
willing to do anything to attract foreign invest
ments especially American, and he supported this
by renewing a number OF American concessions
that had lapsed. against the urgent advice OF his
friends"
MRS MARGARET DAWES BROOKS DEAD.
of
Brooks died ut noon yesterday at her home in
Glove Road, West New Brighton, s. l.. after
lingering illness. Mrs. Brooks born in Vir-
gnia and seventy-six years old. She n
daughter OF Judge Cranch, Chief Justice in the
District OF Columbia. Mrs Brooks had been