New-York tribune., 1900-04-26
PLANS TO DEVELOP CUBA.
A COMPANY WITH LARGE CAPITAL IN
CORPORATED AT TRENTON.
RAILROADS TO BE BUILT AND THE CUBANs
MEN AMONG THE STOCKHOLDERS
DIR. A. p. PICK.

MEN AMONG THE STOCKHOLDERS
Trenton N. J., April % (SpeciaD.-Articles OF
Incorporation were filed to-day in the office of
the Secretary of State for the Cuba Company,
with a capital stock of $S,OO0OO0. The COM
pany will begin business with S2,JO0,OOO. The
concern is to operate railroads and tramways
with steam and other power in Cuba The par
value of each share is $4,000 The corporators
and the number of shares they hold Sir
w. C. Van Horne s; ". C. Whitne- S; E. H.
Hartman, f. j. ]. Hill. /; H. L. Terry. 1; Levi
p Morton, S; Thomas F. Ryan, s; G. G. Haven,
6. and w. L. Bull, 3.
For time past there have been per-
sistent rumors that a great corporation was
about to be formed of American capitalists to
construct a system of railways for Cuba and
to develop the industries of that island. Yes
terday articles of incorporation of the Cuba
Company were filed Trenton, n. j., and its
object was stated to be the development of the
island of Cuba by the construction of railways
and otherwise.
Among the subscribers are the following: Sir
w. c. Van I4orne. Levi p. Morton. John w.
Mackay James j. Hill. General Samuel Thomas.
w. c. Whitney, Thomas F. Ryan, E. ]. Ber-
wind P A B. Widener. w. L. Elkins. General
GrenviIle NJ. Dodge, H. NJ. Flagler, H. Walters
T.
ney, G. B. Hopkins, William L. Bull and c. F.
Barney.
OBJECTS OF THE COMPANY.
Sir William c. Van Horne when seen at the
Waldorf-Astoria last evening said of the new
enterprise:
The western half of the island geographically
is well supplied with railroads already and but
little more in that way is now needed there
But the eastern half which comprises the prov
n M N raTrn prir RIrnl and Co
tiago, is still in an almost wholly undeveloped
state. To the southwark the mountain ranges
lie near the coast they do in certain portions
OF the coast elsewhere in consequence of but
few railroads having been built there, and those
of an insignificant character, the population
has not penetrated far inland and the interior
state Some small investments 1 had in Cuba
led me there first to look after them, but with
This problem presented itself to me, and | be-
came interested in its working out. One thing
that led me 10 take it up was that found the
Cubans not only willing TO work but do
work we'll and with intelligence.
l also believed them, after close observation.
to be capable of elf-government and found
that the better classes among them were anx-
ious and would use their influence to render cap
ttal invested in Cuba as safe as that invested In
other countries and while conditions may arise
calling for the interference of the United States
in the future, don't think they will
THINKS CUBA WILL BE ANNEXED
Cuba WILL I believe. be ultimately annexed to
the United States, not on account of self
government there, but because her interest lies
so clearly in that direction that she herself will
probably some day request it. But in any event
1 have no fear of investing capital there ac
count of the Cubans. for. even if the self-gOv
eminent which the United States has pledged
herself to give them has failed, the United States
has given an even stronger pledge to the world
that she Will maintain order in Cuba. which in
sures the safety of investments made there.
Not the least important feature of this new
is that it is the first investment on a
large scale Of American capital in Cuba.
TO DEVELOP THREE PROVINCES.
We propose to develop these three great PROV
inces that in territory half the size of the
entire island, but which as yet only hold a
third of the population. They wonderfully
rich agrculturally, in minerals and in timber
and the first work in their development VIII be
shall do any and everything that seems 70 us
wise to do to promote development in agricult- /
ure, mining, timber and manufacture.
To-day Santiago has practically no CONNER
cial intercourse with Havana. but this will all
be remeded, and all parts of the island. we
hone will be brought in commercial touch with
each other. Java, with approximately the same |
area Cuba, to-day supports population OF
Is, 100000 and this despite the fact that ii is |
one of the most remote countries of the world. |
To-day Cuba's population is but ldDoDo, al |
though it undoubtedly sustain two or three /
times as large population as Java, and Cuba I!
is in the worlds front doorway. We shall de- /
veop the eastern half of Cuba. but our scheme /
does not contemplate an entrance into the west /
ern half of the island. but which we neverthe- |
less expect 10 benefit by an increased trade. |
That shall not lack money TO carry OUT our |
plans L think the list of subscribers is suffi- |
cient guarantee
Mr.. William was asked if the plan of the |
Cuban company was not similar TO that which |
the Canadian Pacific had originally adopted |
when that road was first constructed. and in re-
ply said:
When the Canadian Pacific built it
a territory of > 200 miles that un-
occupied, save by the Indians In order TO pre-
vent interest from eating us up. the road had TO /
be constructed within a limited time, and we /
we're called upon 10 do that which railroad COM |
panies do ordinarily do, and in order TO build
up the country started all sorts of business !
enterprises which ultimately passed into private /
hands, and il is something of this kind that is |
for the rapid development OF 1
Cuba.
THE GOVERNOR STARTS FOR CHICAGO. /
Albany. April 25.-The Governor left here on the /
Snecial ncIock this ming rOnIe