Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-04-26
Gigantic Corporation Inter-
eSted in Scheme.
HEADED BY CANADIAN
Incorporated For 8 100000 and VIII
Also Develop Natural R~esOurceS,,0f
the Countrywide Plans Embrace
Everything. >

New York. April 26.-RepresentatiYe
American capital has been enlisted ina
scheme for the rehabilitation and devel-
opment of the railway system Of Cuba.
A newly formed corporation. the Cuba
company. is to undertake this work. and
although it's existence is chiefly due to
the labors and enthusiasm of a Canadian,
Sir William c.. Van Horn, William C.
Whitney and other prominent members
of the Whitney syndicate. Ex-Governor
Levi p. Morton. John w. Mackay of the
Commercial Gable company, James j.
Hill, the western railway n1agnate; Cen
eral Samuel Thomas and other we'll
kncWn American financiers, are to en-
ploy their brains and money in pushing
the project.
The Cuba company has been incorpor-
ated in New Jersey with $4,000, 900 cap
i%talization. There will be a meeting of
the promoters this morning in ex-Gev-
ernor Morton's Office and the Organiza-
ton of the company will be perfected. 1t
is thought probable that Sir William c.
Van Horne. who resigned some time ago
the presidency Of the Canadian Pacific
dent of the Cuba company. He has
spent much time in Cuba in a thorough
investigation of the and pros
poets of the island.
Beside the men already mentioned as
subscribers the list includes: H. NJ.
Flagler, the Standard Oil magnate; Ed
ward H.. Hartman of the syndicate now
in charge of the affairs of the Union Pa
cific railroad: Thomas NJ. Ryan, F. A.
b. Widener and w. L.. Elkins of the
Whitney syndicate, e. J. Berwind. Gen.
Granville L. Dodge, H. Walters, Gearge
G. Haven. II. NJ. Whitney, G. B. Hop
kins, William Lanman Bull and Charles
T. Barney. .-
The Cuba may devote itself
in some measure to developing the nat
ural of the island of Cuba, but
will chiefly attend to developing the Gu
ban street railroads..
Sir William G. Van Horn said last
night: The western half of Cuba, geo.
graphically, is we'll supplied with rail-
roads already n but little more in that
way is now needed there. But the east
of Santa Clara, Puerto Principe and
Santiago, is still in an almost wholly :un-
developed state. To the southwark the
mountain anges lie near the coast, as
they do in certain portions of the
: elsewhere, in consequence of which but
? few railroads have been built there and
: those of an Insignificant character, the
! population has not penetrated far inland
) and the interior of these provinces re-
mains in an undeveloped state. Some
2 small investments I had in Cuba led me
! there first to look after them, but with
no intention of in any way increasing
: them. h problem presented itself to
me, and I became interested in its
~ IA AAAA tAioN ASu LAC ~
t take it up was that I found the Cubans
D not only willing to work, but to do work
we'll and with intelligence.
Il also believed them, after a close oh.
iservation, to be capable of self-govern-
ment and found that the better classes
among them were anxious and would
use their influence to render capital in.
vested in Cuba as safe as that invested
in other countries, n while OccasiOr
may arise calling for the interference Of
: the United States in the neal future,
! do not think they will.
Cuba will, / believe, be ultimately an
d nexed to the United States, not ON &C
e count of self-government there, bu
: her interest lies so clearly in that direc
+ ton that she herself will probably som,
+ day request it. But in any event I hav
r no fear of investing capital there On &C
count of the Cubans for, eve if the self
t. government which the United States ha'
e the United States has given an evel
g strong pledge to the world that she will
maintain order in Cuba, which ls.sure
y the safety of Investments made there.
Mot the least important feature o
d this new company is that it is the frs
" investment on a large scale of American
d capital in Cuba.
w propose to develop these thre
great provinces that in territory are hal
n the size of the entire island, but which
as yet only hold a third of the pOpula
tion.
They are wonderfully rich agricul
turally, in minerals and in timber, an,
q the first work in their development Wi
be to build railroads. We shall not sto
there. but shall do any and everything
that seems to us wise to do to prOmOt
development in agriculture, mining, tim
y Der and manufacture"