The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-06-26
FAILURES In GUIANA
The Boundary Dispute Brings
on a Business Panic.
HARRISON INCIDENT TRIVIAL.
Its Disavowal by President Crespo VIII
Dispose OF 1.-THE United states
as Mediator.
HARRISON INCIDENT TRIVIAL.

Correspondence of the Associated Press.
Georgetown, British Guiana, June s.
The financial crash which has been eX-
pected since the boundary question drop
ped down upon the colony on top OF inc
sugar depress. ion has come with full force
The British Guiana bank has been aided
by the local government with 4l0V,ooO as a
guarantee of the banks liabilities, but stil
the s. currency notes are being sold in
many parts for less than 81. A number or
merchants are in trouble in consequence
OF the financial unrest. The incidental
reason for The crash was the disappearance
OF Hugh Sproston. tr. probably the most
important man financially In the colony.
II is said he committed suicide by drown
ing, bot IL IS claimed no has simply left
the colony. A run on the bank was started.
and, as the notes OF the British Guiana
and Colonial banks constitute nearly the
entire currency OF the colony. the govern
ment was obliged 10 guarantee the notes
to prevent ruin TO many. as fradesmen had
begun 10 refuse the notes. IL Is feared tho
iuil which now exists viii be the fcrcrun-
ner of a greater storm. However, as the
men who have been allowed to overdraw
their accounts with the bank will be
forced 10 either pay up or sell out when
the accounts are straiRhtened out, the
opinion is that there win be a great deal
OF selling out. No business IS being done
London, June I.-The latest advices from
GEORGETOWN, British Guiana. are OF more
reassuring nature. Although no serious
trouble is anticipated. IL Is safe TO say
that the British government will not allow
the arrest Of Mr.. Harrison TO pass without
notice. and Il Is possible a remonstrancs
OF a most emphatic nature viii be made 10
thu government OF Venezuela. high
authority upon the Venezuelan question.
in an interview on the situation. express
ed the opinion that, IN spite Of the serious
aspect the dispute had once more assumed.
IL was not likely offensive measures par
taking or the nature of war would be
necessary. as IL was the opinion OF those
best qualified 10 Judge that the arrest OF
ths crown surveyor was not the direct act
Of the government OF Venezuela, bat was
due 10 the hssty and probably irresponsi-
bic act OF some local agents acting under
n mlsapprehension and that when proper
representation are made 10 the govern
ment at Caracas the latter viii apollo
gize.
At the foreign Office and colonial
ofics OF the colony OF British
Guiana and A. the official headquarters
os the Venezuelan representatives the
closest secrecy Is maintained regarding
the latest DEVELOPMENTS between the coll
ony and tn. republic Of Venezuela. The
matter however, Is not looked upon as
being very serious although 81 IL probahle
that both SIDES nave sent small police
forces 20 tho frontier. The representa-
tiyts OF the Associated Press who have
been inauiring into the matter gather
that there - no doubt that the belief pre-
walls Ia OF eial circles her. that President
Crespo did not order the arrest OF the
crown surveyor Of British Guiana. and
that there IS considerable doubt as 70
which side % ne Senomburgk line Mr..
Harrison was surveying when arrested
a. HsfsfF IN aft4a
trstion blue b0.k will appear.
The 81 James Gazette says this
morning that IN dispatching a MIL
itary force 10 protect The British sur
veylnR and road-making party near the
AcaradtSci the government ~ British Gut
ana has done what the situation plainly
demanded. adding. The policy of non
resistance has not been successful In set
ting our disputes with Venezuela No
other great power would for A moment
have stood the series % attacks os Ven
ezneian soldiers or British oficlals"