The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-22
SYNDICATE BACk ED BY SUGAR
TRUST READY TO BUY OUT
B
CUSTOMS DUES THE BASIS.
REVENUE OF THE ISLAND TO BE
ADMINISTERED BY UNITED
STATES.
SPAIN WILL HARE THE PROFITS.
Project Intended to Prove Satisfac-
tory to the DOns as Well as the
Insurgents.

WASHINGTON, June PA story is
current that the sugar trust has
evolved or accepted an ambitious sug-
gestion that Cuba is substantially for
sale, and might as we'll become a sugar
plantation for a gigantic corporation,
supported by the sympathy and the in
terest of our country. In other words
that we might have a West India COM
pany. as England has an East India
company, n a Hudson Bay company,
each of which aided vastly in the eX-
tension of the British empire.
Col. j. McCook is the gentleman
credited with the imagination to con-
ceive the capture of Cuba with cash
as a measure of peace. This, as Col.
McCOok understands it, is merely a
matter of business. The idea runs
this way; Spain has already charged
to Cuba a debt of $500, 600, 900, and, un-
der Spanish dominion, the island can
never yield a revenue amounting to
One-half the interest. Cuba, without a
port, or town, or ship, has a national
debt, and yet there are many who
think the credit of the Cuban govern
ment should be as good, if not better,
than that of Spain. Suppose there was
a company commanding money to AXE
up the whole Cuban debt. with the war
debt Of Spain charged TO Cuba, at it's
market value-say $50, 600, 000-and $780,
O0O,0 600 for the Spanish rights in Cuba
n the Cuban rights in h forests
and mines, and in settling American
and Cuban claims against Spain-and
the United States would guarantee
bonds to the amount of 500, 900, 900 at 5
per cent, and supervise and administer
the customs Of the ports of Cuba for
the payment of the interest, the gov
eminent holding the bonds as security.
would not liberty n peace and pros
perity for the island be accomplished
at a cost Of So, 900, 900 a year, taken out
of the Cuban custom houses? Inc,-
dentally, it would seem that there must
be an immense profit to the
Of what might be called the Cuban
trust.
The advantages to the Spaniards
would be peace and the extinction of
some hundred millions of hopeless
debts, for the creditors of SPAR would
be glad to scale her obligations, and
she could have a large sum of money
in hand instead of a Cuba Of blood and
ashes on her hands. The gain to Cuba
would be government by a corpora
ton, limited instead of a crown abso-
lutte, and there could be a contract
guaranteeing civil liberty to the peo-
pie on United States models. There
would be money for roads and schools
ana sanitary measures, and there
would be, as a necessity of internal
administration, such a measure of self
government as WOul maintain order
through a police force with Cuban vol
unteers to deal with brigandage.
The municipal problems could be
dealt with by the municipalities and
adjustment made for the administra-
ton OF justice and payment of worthy
pensioners. With the Introduction of
American energies and the security of
capital made plain by the visible pres
ence of political security would yield
wealth beyond the dream of avarice.
The revenue in the days of reciprocity
with us was in excess of $50, 900. 900. ana
II would rise far beyond that figure
within a few years of this magnificent
business management.