The daily morning journal and courier., 1899-07-17
PAYABLE IN AMERICAN GOLD
ANNO UNCEMENT OF DIYIDEND nE
 THE BANCO ESPANOL,
se"'- '-ahnual Dividend Declared Pay. able as Above for the First Time-Load. Ing Financial Journal Complainv- NeaSons for the Bank's Unusual Step- Desire to Get on American Basis.

Desire to Get on merfcan Rnsts
 havana, July 16.-The pronuncimento
 recently issued in the city of Matanzas eisneu Betancourt" and calling unon
 ooans to prepare to hurl from the
 country the crafty eagle," as they had
 IeiiioVeo the naughty and hungry | opallsh lon" is now believed by many
 'o nave been the production of the civil | governor or Matanzas. The reason for thls V1eW Is not very convincing but if ,s
 known that he expressed these senti-
 nlents in the cafes on different occa-
 slohs before American officers. He onca
 used similar language in the presence or pn American brigader general and an american colonel. Both officers believe
 It quite probable that he wrote inc an-
 peal. If not it's author then. in thair
 Judgment, he was cognizant of it and
 agreed to the use of his name Many
 Cupan officers of high rank are also
 satisfied that Senor Betancourt was ir
 some way intimately related to the pub-
 iica.ion ana circulation of the address
 ~ .he people of Matanzas General
 wilson, military governor of Matanzas
 santa Clara department will doubtless
 ask the civil governor for an explana-
 tlon III case there is no denial from him.
 The Banco Espanol, the largest finan-
 clal institution in Cuba, announced re-
 gently semi-annual dividend of 31s per cent, payable in American gold. The Advisator- -Commerciale, the leading
 financial journal, which professes to be shocked at this sudden change of policy on the part of the bank says: Its cap- 1tal IS Spanish. Why is not the dividend made payable in Spanish gold? Ger talnly the idea must be to please the Americans in order to gain future bank ing favors. For no other reason can we see why the bank did not declare 3.S5 1-2 in Spanish gold''
 prominent banker says the real rea- son of the banks action is a desire to place it's capital upon an American ba- sis, particularly at present when Span ish silver is inflated beyond justifiable reasons. This authority says he con- siders that it will be only a matter of months before silver is reduced to it's former level and that it is better to get upon the American basis before that re- duction is accomplished. It is under stood that for several weeks the bank has been getting rid of large deposit of silver and has consequently made inn mense profits. The Santiago branch sold more than $1,000,000 at 30 cents last autumn. This now stands at S4. t
 El Diario says: "If the human ideal Is of material interest then the United States possesses the highest form of but, thank God, the Span- ards and Cubans have been taught in nobler school. The predominating in 1uence in the United States is capital. Monopoly, coupled with the use of ma ,hinery has only served in the United States to curb personal intellectual en- leavor, to disappoint such ambitions, lnd to make culture and knowledge hardly worth the candle. It is only necessary to glance through the col- lmns of the American newspapers in rder to find letters and interviews, rom returned officers, which have changed the entire American entiment toward Cuba While the americans may be richer, stronger, lore active and more business-like han ourselves, they cannot claim to be not even to the degree of pains Cuban offspring"
 A Cuban major called at the palace to ask an interview with the overnor general, whom he said he 'ould ask to give him an appointment the custom house. Lieutenant astle of General Brooke's staff inform l him that he must make his applica- on in the usual way, setting forth his notifications and submitting a certifi- ate of good moral character. To this le Cuban officer replied that he had lrned the position by fighting for the and that if he did not get it , would take to the woods, as several hers had done.
 During the afternoon another appli- int, negro lieutenant, insisted on see- g General Brooke in order to make srsonal demand for $75. He said he 9eded the money, and insisted upon aiting After an hour or so the man ked Lieutenant Castle for the loan of n cents.
 The Commercial says: 'The worst ethod of treating the banditti is the gal method, as it puts honest men at e mercy of robbers and frontier law. ,e best method is to capture them, let em try to escape and then kill them. le reason why Mexico now has immu- ty from bandits is that she has fol- we'd this course"