New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-31
SPANISH BANK INVESTIGATION.
IzREMFTORf SUMMONS TO PRESIDENT
GALBIs-COMaussION LOSES PATIENCE.


Havana. Jan 3O-selor ca'ois, president Of
the Spanish Bank. was informed today by the
Special Commission now investigating the
finances Of the municipality that ne must ap-
pear before the Commission tomorrow morning
a. o'clock 70 answer interrogatories, or must
take the consequences OF COY tempt. tho penalty
for recalctrancy ln the mind Of the Commis-
sloners being imprisonment Until he is willing
TO testify. Najor-General Ludlow. Governor Of
the Depa-tnen, Of Havana. has invested the
Commission with the powers Of court, ana
will sustain fits action In furnishing a refusal 70
testify
The Spanish bank Is so intimately connected
with the finances OF Havana, as creditor 70
The amount Of S7.50OOOO and as farmer gen
era Of the principal sources of the citys rev
enues that the Commission deems it necessary
70 get q complete accounting from the bank
10 past transactiors and statement Of what
e IS doing now with the city's market dues.
The Commission requested Senior Galbis 10 pre-
sent himself for examination last Friday and
again or Saturday. but he sent word that he
vas indisposed He was then asked 10 come
before the Commission az @ this morning but
to-day he sent q message that he was physically
unable 20 comply IN consequence of the exhaus-
lion due 90 his bank labors. This reply
garoed rs unsatisfactory, and the peremptory
notice for tomorrow was served upon him. II
ne now refuses the only thing that can prevent
an arres,--so member Of the Commission says
will be & medical certificate Should this be
produced. The physicians who act for the Com
mission viii be sent 70 make a physical eXami-
nation of se0or Galbs. Of course. - he is
really in the Commission VIII wait until he re-
covers but u he is malingering and obstinetely
refuses 70 testify he viii be dealt with for con-
'empt and mad al example Of
The Commission expects to have easy work
50 iar as the o-her officials. directors and en-
ployes are concerned. All win be called upon
70 make full explanations c. W. HaskQs, the
expert accountant, and his assistants will eX-
pore ell The books % the bank accessible. In
formation has reached the Commission that
some o. the books have strangely disappeared
ne Commission considers Il public necessity
inquire as % the integrity Of the first mort
gage 5000 600 PEI cent nfty-year bonds
laEsn by the bank at 90 n 1890 and since re
1'ceo by sinking fund 70 S6721 600 The Ques-
NoM are, VINO got the proceeds? How much
'sS realized and Whether the bonds in ther
AsV are or ought % be chargeable TO the
.. ! Later the Commission will 60 into the
sS0y'w Bank q Commerce loan. and also into
Aos'ine debts amounting 70 S2.5D00O
--'' Inquiry viii either establish or negative
various statements Of connivance and cor
-sl'''n On the part q the Spanish Government.
"'VA deposited with the Spanish Bank In sill
No. an an amount equal 70 one-third Of the 500
Y"VVJ note issue guaranteed by the bank. II
" "y' clear where the silver u.s. The officials OF
wy Oank assert that Spain withdrew It, but
Ne stockholders say the silver Is stiH held by
-s osnk or contend that II the bank allowed
''N1fa"aI. 1t is stin responsible for the
1eApUon Of the notes. AS The question is one
- Keen Interest o. the business community. the
~..''"lsson proposes 20 probe Il carefully
., i"e Spanish Bank is capitalized at 5000 900
."e amount Of deposits is not known to the
9, ss'on but # Is supposed 70 be at least
|iV''VJj The directors are wealthy. Options
~ Dank stock We're held few days ago by
prominent Americans
q s"ou hlock OF Havana bonds Is held In New
-y'k, FIRST mortgages were quilted on the To-
'a' hourse to-day at 1O2
o"iIhD STATES GUNBOATs At ST. THOMAS
", inomas Danish West Indies. jan 2o.-The
.o e-.'eo states gunboats Annapolis and Viclsbure
..u ~ mere on Saturday from 81. croix. They Will
N'''' Kico On Wednesday,,