The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-06
Circulation Statement
The Impending Cuban Crisis.

Although nothing Of the kind ought to
have been possible. II is nevertheless true
that the Cuban question in its present
shape has taken our legislators by sur
prise. and found them totally unprepared
10 act upon il inteIugeuily. That Is bad
enough. and it is also bad t1aE. as ru!e.
they seem unable TO realize its extreme
gravity.
If the historical Teller resolution of
April. 1898, were only out Of the way there
would be plain sailing But rs It IS very
much in the path, and is likely to affect
Congressional opinion more or less on
sentimental basis. it must be reckoned
with as a serious obstruction. Probably
lbs best thing That could happen now
would be delay in Cuba in finishing the
work OF the Constitutional Convention: 50
that the proposed constitution should not
he ready for transmission to he American
Government until after TIE adjournment
OF Congress. Then, unless Mr. Mckinley
should call an extraordinary session to
pass The Ship Subsidy bill. inere WoJ!d be
all The tine until next December iii wiioh
10 educate the public mind CT the s;-.iect
81 our future relations with Cuba. I'D
what should be done II hat connection o
safeguard TIE Inlsr-z,s CT the United
safes.
The Teller resolution is not the only
thing liable to render difficult a solution
which would BE- satisfactory 10 the Ameri-
can people The synt.caJc whi:i controls
Tie spanish-Cuban deb1 Is weI known 10
be very close to :ha Administrator rs
members and managers hare never fer
moment ceased working for 1ae eEoTlEou5
profit they would reap Il that burden IL
five hundred million dollars. more CT les.
cculd b fastened upon the island and
guaranteed by this coauIry. When the
1ime Genes If viii be dIscovcrad that SIC,
an arraH cement Is coasi.ler,d quite as
much Of = campaign de5t - Is he Subs!-
,y steal
The Spanish 5oa3 syndicate was mica
il evidence in Paris during the peace ne
eatiagi Ions L succeeded "A kze3.=s any
provision regulating III apbE incurred -
Spain for the oppression OF Caba FROM get
ing iatG he treats. I. has always been
understood since tia Ultimately the Ad-
ninistration would take care Of the COM
nination- Il Is composed OF rIch and in
nuential men. one or two CT whom are
politicians. The financial members could
well AFFORD 20 support Mr. McHinley's late
canvass with great IIberaIi5y, since the
election Of his opponent would have made
waste paper OF their securities III the
striking Of match.
L is a great stake they have TO fight
for, The total debt the sum of which
cannot be accurately stated. is variously
estimated at from $3.50. 600 600 to as high
as $3.50, 600 600. Probably $3.50 GOO 600 is
near the truth. Two years ago it was re
ported, and generally believed. that the
Spanish bond syndicate In New York
through its London, Paris. and Vienna
connections, had secured control either by
purchase or option OF about eighty per
cent OF the total. at from ten TO sixteen
cents on the dollar At the time of The
Treaty Of Paris some Of the earlier issues
we're pominally quoted at thirty. but it
was well known that most holders would
be glad 10 realize much less
From the foregoing, readers viii under
stand what prize bangles before the eyes
OF the bond jobbers and why they have
every reason 20 expect the heartiest Off
cial aud Congressional backing in Wash
Ington. IN the end it is 10 be feared that
they vii! be potent enough 10 prevent all
considerations Of public interest or safety
IL the settlement. Cuba viii be forced, if
possible, to provide for the syndicate
That being done. Cuba may turn herself
into another Haiti as soon as she pIeases,
Tor anything they care.