The herald., 1898-10-21
WILL BE WELCOMED BY CUBAN
BANKERS
GOVERNMENT CALLS FOR CASH
Larger Than the Security Offered
Really Warrants-American Com
missioners' Orders Ignored
Associated Press Special Wire.

NEW 1ORA, OcC. ZU.-A ulspdtch W
the Herald from Havana says: :,
One institution which above all others
will welcome the REIMBURSEMENT on Span
ish sovereignty over CUBA is the Banco Es
panol. Because Of its semi-offcial connec-
tion with the government, the Banco rs
panOl has been mulcted out OF millions OF
dollars.
No longer ago that last Thursday the gov-
ernment called for $200,000 in gold. The
bank protested and did not give the cash
until it received notice that force would
be used If necessary. Another SlOO,0UO was
advanced today, but in this case the city
revenues were pledged as security.
All arrangements have been made for re-
floats over the city.
Shares have already been subscribed to
the amount Of eight millions, and two mil
lions more will probably be issued, making
a total capital of ten millions on the old
basis. While official relations with Madrid
will be severed absolutely, the bank Will
represent principally all the Spanish inter
ests, public and individual, remaining in
the island.
1t is believed Cuban silver coin will soon
circulate at ratio with gold Of two to one.
Cuban scrip, which was issued to the
amount of 100000 600, is now practically
worthless and this represents the only profit
which the Banco Espanol derived from it's
connection with the government. When this
scrip was issueds silver to the amount OF
Sc, ,O0O 900 was deposited as guarantee
fund. Later $7,00O,000 of the paper was
withdrawn from circulation and the silver
guarantee taken up by Spain. This LETT
of paper absolutely t;s without sarcad ln
upon the people. As soon as Spain with
draws the Banco Espanol will issue lin
tied amount of paper with an equal amount
of gold on deposit as guarantee.
ORDERS IGNORED
Through no weakness or mistake of its own,
the American commission occupies posi-
tion humiliating in the extreme. 1t has
made several demands upon the Spanish
authorities, only to have them ignored and
to sec affairs shape themselves as they would
were Spain debating terms Of peace, instead
Of accepting them. To this matter emphasis
was given on Monday when, in the face
Of repeated protests made from General
Wade and his. associates, General Blanco
proceeded with an. auction sale OF what
should be considered trophies of war-brass
and bronze cannon. Captain Brooks also
learned that the military machine shop was
being partially dismantled. The costliest
shafting and the latest patterns OF. lathes
were being picked for shipment to Spain:
Another matter that has been annoying
to the commission is the calm manner IN
which the protest against the dismounting
of guns taken from the Alfonso XIII was
ignored. General Wade announced to Gen
eral Blanco that though the guns originally
belonged to the cruiser Alfonso XIII having
once been used in the defense of Havana
they became part of these defenses and
must, accordingly, be turned over to the
United States.
The Spanish commission communicated
with Madrid and received reply that this
was matter for discussion by the Paris
commission and that it in no manner con-
cerned the commission appointed to ar
range the evacuation Of Cuba. Since then
fonso XIII has proceeded without inter
ruption, though frequent protests. have been
made by General Wade, Admiral Sampson
and General Butler. One of the commission
ers said
In Havana than three school boys would be-.
We tell the Spaniards what should be done
and they proceed as they please.
when we first arrived in Havana, we
announced that the island must be evac-
uated by December. The Spaniards replied
that. they would have to be allowed until
receded, though last week it did appear that
an agreement might be reached. They will
hold onto the customs receipts as long as
possible. When they lose them they would
move.
IF l had my way would bring down
warships and take possession of the GUS
tom house and other branches of the gov
ernment.
"The sooner the Spanish soldiers leave,
the sooner Cuba will be rid of the yellow
fever epidemic. In the wooden barracks
in Regla over 400 soldiers died last week
There exist there all sorts of fever.
eve have registered at the commission
the names of several Lieutenants and of
-four. Captains who wish to. remain in Cuba
working with the American police"