The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-29
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Philadelphia, Sept. 2S.-An Ameri-
can project to iberate Cuba from Span
| ish domination through the agency OF
| a popular loan Of S10,000.000 was de.
| scribed il detail yesterday by Colone
| lilo NuneZ, of this city, who has FIRE.
| quently heretofore been the spokesman
for Cuban patriots in the United States
J Cubans who seek emancipat ton from
| Spanish rule will, it seems, enter into
| open competition with Spain in the
money markets of the world TO borrow
money with which TO win their great
| fight. The entire scheme by which an
/ appeal will be made to American finan-
/ cierS for capital is thus set forth by
Colonel Nunez:
''It will not only be possible for the
! duly accredited Cuban representatives
/ in this country to raise loans, but it is
very probable that more than the neces-
saEy funds will be subscribed for free
ing the island. II has already been
printed in the European newspapers
| that Belgian and Dutch syndicates are
willing TO invest in thesebonds, and
am sure that the United States f1nan-
cierS viii not allow the Old World ban
kers to get ahead of them and secure
what, tomorrow, may be gilt edged Sc
curities.
You may say Spain will be able to
do the same. Well, SPANS credit has
been going down year after year and
since the revolution began, in seven
| months, the per cents have been bear
ed IN London and Paris from so to Ga
loss Of 16 per cent.
They attempted to raise two loans
four months ago in London and Paris,
and they failed. Last Thursdays an
nouncement that Paris firms will adj
vance $20, GOO, 900 on the promise of fav-
ors in a loan which is to be made when
the island is pacfied, is, to my mind.
Spanish trick to stop the panic in the
Madrid Bourse. Because, as you see.
the credit of Spanish securities depends
on the domination and exploitation of
Cuba by the Home Government; Cuban
custom houses and Cuban taxes are
always the guarantee for any stock
exchange operations of the Iberian
Monarchy. The island is now saddled
with about $3.50, 1000 900 of Spanish debt,
ond this is the reason Spain holds on
TO Cuba with a death grip; once our
rich country is free, this enormous in
debtedness will be borne by the right
party, Spain, and the republic of Cuba
Will enter, unhampered, with her rich
resources into the world of nations.
THE situation Of Spain is still more
alarming when you consider that any
rent expenses, hardly make up for the
growing deficits of the Budget, and will
not be sufficient for paying the increas-
ing interest of the previous loans. They
will not be able to do the latter be-
cause our system of warfare has this
aim principally in view-to deprive
Spain of her sources Of income, which
are from plantations and the tobacco
crops, and especially from the former.
For this reason the Cuban generals
have ordered that no sugar plantations
be worked except with the consent of
the Cuban forces. The Cubans are not
only able to enforce this command.
which is perfectly legitimate, as it de-
prives the enemy of the means of COM
batting our revolution, but the plant
ers are also willing to ACCEPT it, as
they find in it a ready excuse for not
grinding at loss and for escaping the
fulfillment of their contracts with the
American firms who have advanced to
them money. Here is one of the prin-
cipal incentives for Americans to in
vest in our bonds, as in that way the
war would come to a speedy end, with
the result of creating a liberal system
under which their property in the is
land would not suffer hardships, and
the product of the plantations upon
which their security depended would
not be a source of loss.
And supposing-and here is the great