The times., 1899-04-16
time ON CUBAN
MORTGAGES EXTENDED
The President Yields to the
Commissioners Request.
No Foreclosures Before the 1st of
May. Next Year.
sented to Mr. Mckinley for
confederation.

The commissioners representing the far
mers and planters of Cuba were given an
audience with President Mckinley yester-
foreclosures has been extended just one
year from May l next.
The delegation of Cubans, which repre-
sent the Circudo de Haciendas, was COM
posed of Emeterio Gorilla, Gabriel Campos.
Eduardo Ferrer. and Gonzala de Quesada.
and accompanied by Horatio Rubens, rep
resenting the New York Junta. The body
was received by the President with much
warmth, and after a short convsrsation
anent Cuba the delegation presented an
address, which was signed by the four
commissioners. The Cubans remained
nearly an hour at the White House, dlI-
ing which time the entire commercial con-
dition of the island was discussed. Secre-
taries Alger and Gage visited the President
during the conference, and Joined in the
discussion
The petition presented to the President
was in printed FORM and stated that the
ten years war, the abolition OF slavery
without indemnity TO the slave owners, the
changes which have occurred in the manu-
facture of sugar by reason of new inven-
tions, the absurd economic system, and
the monopoly existing under the Spanish
regime were causes sufficiently powerful
to place the Cuban farmer in a most diff
cult position.
During the year previous to the out
break of the late revolution in Cuba the
land owners produced million tons of
sugar and would have produced during the
first year of the war more 100000 tons.
The destruction caused by the combat
ants and the disappearance of all the la
boring element then compelled the Govern
ment to take some measure for the good
of the community, suspending all judicial
proceedings against farmers and planters
for one year. At the expiration of the
year there was further extension of one
year, and later on General Blanco decreed
a new extension.
To revoke the last decree or consider it
null because of the impossibilty of its full
fillment would cause irreparable damage,
which would naturally increase the diff
culties of the task of the American ad
ministration.
In view of these facts the Planters and
Farmers Association believes it to be for
the best interests of Cuba that the follow
ing project he approved;
Credits of all sorts arising prior to De-
cember 81, 1898, and due previous to said
date, or which shall hereafter become due,
.
and interest on church benefices, can only
be collected on such rural property and its
products at such time and in such manner
as is expressed in the following articles:
The rural estates, to which alone this
decree refers are those which may have
been totally destroyed during the war. or
those the production of which has de-
creased over 30 per cent as compared with
the production obtained therefrom before
the war.
The principal OF the credits shall be di-
vided, according to their nature and their
amounts, into the following groups:
Credits arising out of the purchase price
of the estate.
Credits arising in any other manner
whatsoever.
Credits from one peso to a thousand;
from thousand and one to ten thousand;
from ten thousand and one to thirty thou
sand: and from thirty thousand and one
upward.
Rural Estates.
Credits arising out of the purchase price
shall only be collected from rural estates
at the rate of 20 per cent after the 1st of
April in each of the years 1901 to 1908, both
inclusive.
In case of estates totally destroyed, the
foregoing dates will begin 10 run one year
after the aforesald, OF De IL the ISL OF April,
1902 and by sixths If the credit shall ex-
ceed 5000 pesos. and on the list OF April.
1901, and by quarters If it shall not ex-
ceed that amount.
The vendor under an agreement of sale
and resale not yet completed shall enjoy
the same extension of time.
Credits arising in any other manner
whatsoever can only be enforced on rural
estates or their products in the following
manner:
By thirds in each of the years 1901 1902,
and 1903. If the principal OF the credit
does not exceed 1000 pesos; by fifths II it
does not exceed 10000 pesos in each of the
years referred to. and in the years 1904 and
1905; by sixths in each of the years 1902 to
1907. both inclusive, If 1t does not exceed
10000 pesos; and by tenths from 1902 to
1911, both inclusive, when the credit ex