Arizona republican., 1898-03-21
INVESTING MONEY IN CUBA.
Foreign Capitalists Are Trusting tt
 American Intervention.

1 New York, March 20-The Tribune prints the following Havana special: Events in the United States indicate that the tests laid down in President Mcklnley's message for solving the Cuban question are soon to be applied. Testimony to the justice of these tests IS furnished from an important source. It comes from the investment of Flu ropean capital. English capitalists have shown more confidence in the certainty of American intervention than have some of the American peo- pie. For months they have been mak- ing extensive investments Now it is understood that English syndicates control most of the tobacco factories The consolidation of the railroad sys- tenn is under their guidance. Other enterprises have their direction. All this has been going on during a period when the shadows of Spanish sover- eighty over Cuba was disappearing. No single circumstance would have justified the risk of dollar if it had
 
 l the hope of Spain being able to guar antee a stable government, nor has l there been anything to encourage the 1 belief that peace would come in the wake of the conquering arms of the | Peninsula or that the insurgents would ] be able to drive the Spaniards from the l island. The English investors have taken no wildcat chances of that kind. They have gone forward in the face of what might have proved a tempo rary period of anarchy or even a sixty days war. Their business judgment l has been based on the deliberate con- | viction that either the mediation or l the intervention of the United States was inevitable. It was their belief that Spain would be unable to meet would be supported by the facts in say | ing that the cause of intervention had been removed. In a less pronounced way representatives of the French capitalists who have recently been in l Cuba have reached the same conclu- sions. This has been in the face of the French holdings of Spanish bonds. | The German commercial interests, long ago strongly entrenched, have l looked forward with complaisance, mingled with impatience, to the time when the United States should end the struggle.
 Doubtless the representatives of these European countries have re- ported the situation to their respective governments. Most of them have made a careful study of the economic 1 prospects as we'll as of the political l and military outlook. All observers agree on one point, which goes far in determining the whole question of in- tervention. It is four months since the regime of autonomy which was to bring peace, was established, and yet the United States is today trying to feed one-third of the inhabitants of Cuba. Had the authority of Spain been vindicated, so as to enable the l resumption of peaceful pursuits, there ! would have been no need of this suc- cor. If the wretched survivors of Weyler's concentration policy had been put back in their homes in the country and the zones of cultivation extended as promised, by this time they would have been able to support themselves from the fruits of the soil. Instead American relief is now the sole hope ot large proportion of the population
 Without it they would die of starva- tion, as they have been dying for if teen months past.