The times., 1899-04-07
PROMOTER COEN
ACCUSES QUBSADA
Says the Cuban Has Played
Him False.
Copy of the Contract Made by the
Two Men.
4 Mastery stroke of Enterprise to
own Almost Everything
in Cuba.

sentative here who was recently deposed
by what is known as the Cuban Assemb y
sitting near Havana. and who now Gains
to be retained in his official capacity h re
by the popular sentiment of his peop.e, has
suddenly been called upon by disappointed
promoters of vast interests in West Indian
enterprises to explain the absolute worth
lessness of certain contracts which he en-
tered into with them, promising TO lend his
aid to their schemes and endorse their
projects with his influence at both the
American and Cuban capitals-for stipu-
lated considerations.
An elaborate expose of Senior Quesa la
has just been made by C. NJ. Coen, OF New
York, a promoter who Represents the
American syndicate that has bsen trying
to negotiate Cuban loan OF $50. eco 600, to
be secured by first mortgage bonds on the
revenues of the island. Mr.. Coen returned
from Cuba last week, and came to Wash
ington full of wrath against Senior Quesa-
da, and determined to end that gentleman $
career in Washington as the sal s agent OF
Cuban franchises. Mr.. Coen frankly as
5erts that he was deceived by Quesada and
his chief motive in giving the story pub
llcity is TO even matters up. but this does
not necessarily interfere with his lega-
tions, which are supported by documentary
evidence In the shape of a COPY of the
alleged contract which he exacted from
the Cuban diplomat. Mr. Coen's story is
substantially as follows:
Last November he came to Washington
representing the American and indies
Company, of New York. and approached
Senor Quesada with a view to securing
If possible,' that gentleman's endorsement
OF certain schemes, financial and other
wise. which it was proposed to float in
Cuba Quesada entered with unexpected
spirit into the thing, and listened with
eager interest to the representations of the
New York promoter, who grew more ex-
acting in his demands as the willingness
Of the diplomat to come to terms became
more and more evident. The result of sew
eral days negotiations was a contract
which Mr.. Coen says he was half ashamed
10 carry back to New York, so utterly TN
loyal was il to the interests of Cuba as
coming from her supposed diplomatic rep
| resentative in the American Capital.
In this contract. according 10 Coen
the party of the second part. which
was Quesada bound himself 10 en-
dorse any and all projects of the
American and Indies Company in Cuba
and TO use his influence both in the Cuban
capital and In Washington to further the
schemes CT the concern, for which he was
TO receive in return certain number oi
shares of stock in the company, the amount
thereafter to be specified 90 per cent oil
all profits accruing from the operations, and
an annual fee of S.. 900 for acting as the
nominal counselor of the American and
Indies Company copy of the alleged
| contract follows:
The Agreement.
This agreement made and entered into thi
first day OF November. A D.. 1898, by aud he
tween Charles VI. Coen, of the State and cit
Of New York, party OF the first part. and Gonzal.
de Que,ada. of Washington City. ID. C., partl
| Of the second part,
Nitnes7eth. That whereas the party of the firs
part owns and controls the majority Of the stool
| in company organizing and known tlt
| American and Indies Company. the said compan.
owning the exclusive right and franchise OF villa
| j. known the fryer system OF Railways in on
Of the seacosst States OF the United States. Cuba
and Porto Rico; that said company proposes L
| build, operate, and railroads in said terri
tories or lease its systems TO other. to- bull
and operate telephone and telegraph lines &
| build and and control docks. 10 am
| operate water transportation lines. To locate an
| establish town sites and dispose OF the -ame. 1
| own. lease. and dispose OF lands, and to operat
other and important enterprises in copjuuctio
| herewith. ard
The said PARTY of the first part proposes f
| enter into other bu-ine>5 Affair." distinct frur
| lne above mentioned COMPANY -rith a> bLDkiis
! lgsnng. and securing money Tor investment d
| Cuba. securing payment OF Cuban troops, bond
manufacturing, contracting building. etc. and
Whereas the party Of the second part is de-iI
on, Of obtaining an exclusive interest in all d
/ the above mentioned business affairs or an
may undertake in Cuba.
| And The party OF the second part being i
/ charge Of the political affairs OF Cuba for the in
! tercst Of Cuba, proposes IN consideration of III
N,H.,s Ill tf.I 5ptiua
| looking 10 the successful conclusion OF the bas
nes- undertakings Of the above mentioned con
psny, and OF the aid first party,
Now. therefore, the parties hereto, in con-idefa
! tion of one dollar by each to the other in han
paid and of other Things OF value hereinattc
| mentioned, do agree each with the other A. ip
| lows:
The party OF the first part hereby agrees I
| retain the party Of the second part his cuur
| >e!or and agent Tor the tenn Of five year. IN III
above named company. in any other cOmpan
in which the party OF the first party inay be ntcl
| s-ted hereafter 10 any extent whatever. and {
| pay th" said second party twenty t2O per cen
| oi all net proceeds whatever on or by such II
;-reSt> IN Cuba OF any kind and all kinds. whcth,
the said second party rendered valuable -cryi,
or not at tine time OF acquiring such interests.
And further, when the said first party undc
! tdkCS any business affairs his own per-on.
account. ard there Is company or orgsnizatio
interested IN operating specific business, the sal
frsI party shah pas said second party twcnty-h
(2j) per cent OF the net earnings Of whItevt
| character.
The party Of the second part hereby agrees al
binds himself to render the said first party Il
the benefit and OF the said company all po
siblc aid aud assistance IN fufthering lis cnte
prises 10 a successful business aud financial eT
in any way of its branches, and 10 the end til.
| it NAV have the exclusive building ot raroai
AID the location OF new town zitcs. a. well
other exclusive privileges when practical
And further that the said second party shI
| render the >aid first party all possible aid ~
| assistance in his personal enterprises for Il
above stated consideration, and shall refer all II
re-tOIs of capital who apply 10 him 10 said fir
party, well those seeking business a.
yantages OF openings, and IN fact, to refer q
parties and matters Of business character
bc done in Cuba to the said inst party, 50 TIA.
the mutual interests OF the first and secor
parties may be advanced and that the fnlnci
interest may he successful. The second par
| hereby binds himself for the above COnSiderati,
To iulhil the same and to continue a. counsel Al
agent Of slid first party for the term OF five yea
from the date hereof.
| II j. mutually agreed that in the event OF Il
| death VI the second party the first party III.
pay cause to be paid continually 10 the hei
Of the second party the same percentage as abu
mentioned Of all business established by
through the efforts Of the said second party du
| ing his lifetime.
As a further consideration the said second par
| j. 10 have assigned to him for his benefit Al
sole by said hrst party block oi stock
| the above mentioned company, To be agreed upo
| Il j. hereby understood and agreed and the
tention Of the first and second parties hcret
| that they slsil undertake to hold i majority
the stock of said company To the end that I
percentage above mentioned to be paid said st
ond party shall he OF value in accordance wi
the services rendered and the high position al
standing Of thu party Of the second part.
And further, soon said company besi
actual operations, a salary Of not less than ii
thousand dollars (s5.0J0) shall be paid the seco
M. l.