The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-18
IN STRUGGLING SPAIN.
Looming Bankruptcy - woodford Compii-
mented-At Ccuta.

MADRID. Sept. BIN a letter to FL I'm par
ciGi from. the penal colony OF Spain in Ceuta,
Africa. a correspondent says that Juan Quail
berto Gomez. the famous mula;to journalist
who acted AS Marti's delegate il Cuba until
his capture by the Spanish soon after the war
broke out. has been ordered transferred TO the
Car;agcna Pcnitentiary fo- fear that he might
avail himself OF his influence over the Cuban
cxilcs In Ceuta and promote disturbances there.
The correspondent ]Criticises the Governments
action as one which will increase Comes popu.
larity among the Cubans. Gomez. i" the CORE
sIonGcut adds, was merely II rcputed Journal
it when he came here; by having him trans
litical giant
speaking OF other exiles the correspondent
says that DIR. LauuEa, the eminent teacher OF
penal law in the University Of Havana, never
goes out OF his room. Or. Iaya, and Juan
Miguel Fcrrer have gone into the retail gro
ulist. devoted himself Ia thc practice Of his
profession among che poorer classes in ccuta.
M0ntalvo. however, having been parioned,
must by I his time be on his way TO 1t. Au-
gustine, Fla, where his family went when the
doctor was transported.
Orders will BOON be issued for the building Of
an ironclad and four cruisers. the price TO no
paid aid. out and Of ,r 1ms Az Hrr, ~ '6o", 900 IN Ioob 1h n,6 ysI ,bs
new navigation lax. These vessels will be
built at:home and viii be SGmRgleted in 1901;
ent OF Ell ImpdrcGGl in san Sebastian tcle-
gr!aJPmhs: ,or,c0D N,ris,or ,r,rros.od mo
THE new american .hlIllSItT Impressed Inc
AZ a man of the world. extremely able and dip
lomatic, II man from whom our Minister Of For
eiRu Affairs and our newspaper men will never
get one word more than he chooses 10 speak"
To some ut the journalists who were 100 in
q~ui,itive. Gen. Woodford smilinGly said:
Il must apprisc you gentlemen OF the fact
that ! was n reporter before ! became n diplo-
Thu Queen Regent signed yesterday n decree
granting thc.iitlo OF duchess de Canovas del
Castillo to tho widow OF the murdered states
The statement OF the Bank OF Spain published
here Yesterday has created considerable I'm.
Casinc,s in financial circles. The banks cur
rcncy was increased during the week from
Ii.s,T@5.05O pcsctas to l,l35.na 800. de-
81. $500. To cover bills and deposits tho
hank has 225, SIS, O47. IS pcsctasi in gold. 2B5, 73I..
ITG.7l in silver. and 81. 1877 ,I3S.5l, probably
In gold. in the hands OF correspondents abroad,
In all 523. 56o, O62.di pcscias. so there ia n
deficit OF l,OBT, 400. 99o.lO pesetas. The bank
certainly holds state and other securities and
notes which III Ordinary circumstances would
amply cover this deficiency, but II there were
now u rush to exchange hnnk bills for coin, thus
forcing the bank to liqniGatc It's holdings, no
human power would be able 10 avoid n fnan-
cIal catastrophe.
The bank holds as co!latcrals more than half
the bonds OF the spanish Cuban Issues OF 1856
and 1890, and, consequently, II tries 10 keep
up their quotations by purchasing all the bonds
that are placed in the market. A SHARP decline in
these securities would be fatal to the bank. Yet
there is nothing more likely than such' decline.
tits an open secret that the interest on the bonds
Is being paid with money from the recent inter
nal loans, tho Cuban customs no longer yield
1t Is also known that very little, II anything.
remains OF these loans, and thai ohliEatiou+
amounting to some S'O, 900, 900, from February
up to Aug. ~, are still unpaid in Cuba.