The sun., 1901-09-15
BANKRUPTED BY A RAILROAD.
PITItBIE PLIGHT or THE RE-
PTRIIC or HONDt RAS.
she Gave ~ Her Revenues ana Control Of
Her customs te q syndicate tn Help
Her Psy y Debt which Even England
Rep,idlatcd Head Not Complete ,et.

hlfl " W. NhH'fAfT
VICE To syndicate offorcisn capitalists.
virtually rurrendering IL indep"ndsno".
But Honduras. the home Of th" "silcd
louisiana Lottery. L. entitled 10 this un-
pleasant distinction. ard Hhe II nov PER
haIs. with morc good fortune than she
deserves. about 90 emerge from the en-
ianglcm-nts growing out Of contract
signed H I.15 which gave IN" manage
irout of her custom houses 10 rvndicats
- New York capitalihts Tho sNndicGte
L. puTulatlv known here a. "a" Astor Syn
di"atc be,aus" It's wost prominent mem-
Ter ~ col John Jacob Astor
The reason for the auctiuning IN 81 the
Cuuutrv'- resources was not. ~ might
BE- imagined. the desire II a." Government
In power 10 obtain lump ruin - money
iu ,N,hlug" Tor ,u"h a uortEag" II wa-.
instead. due to tine desire To- get rid of
foreign debt auuuutiug 90 about .i5uS"O
which rad hhglt-d the oourtrVs pros
I",t- ever since ls7o And this debt Las
some featurrs a. unique ~ the ucth"d
adopt',i 10 get rid 4 II. II - owed ia Eng-
land. vh.rp bonds 10 'il- amount v"r"
suld for %" building of railroad a'fu--
HIrlura-. and the British Parliament los
d.car.u tra urnt a ffau. .ul"ut one Ga which
tlr Brush Government should never en-
force Javtrcut It j. only Honduras which
ir-lSts that she ,los.s ,vr iH" money. for.
wh!y tlo bord- Ncrr issued in the nam"
of Honduras. thls Government received
norr ,' the rr,rrod- 'r- promoters "t
the -rNrmc landing 'N" funds
L. ya- .r lsF- that th" Honduras r"prc-
santa'i,"- .u lrrdpu aud Hdri-. ~'h"fs
H"r,uu aud Cu'I"rt,I. became Interested
ir a t-otrri tp brild q 'rat-i~thmnu r".-
road a.ry~s Honduras The hpn" Gov
,rur ,rt iaU ~ WITH 'h" idea uni cun-
',.,- WIS made with HIs"hoH-h"lm \
Guld,clrnl,. an o,,-'.Ira London hlukiuC
firm. for ,rr r.u|ng ~ o. loan ot - ."p."Oo.
-.rr.,t ny hlud- endorsed los Honduras
~" msi1,r mJd" At th' uu'- = was in
rutfr-ttrg III" v,rk to .rr' agents. To"
t-pirut..-. tHr,-h,r with i. ' hvi1.
worn, Fleming aud tharl"- l"f"'r".
rr,m,i i.ti 90 lduo' H'.du'a- u" i-su"
,,.-r l.pd. Tlr expenditure u' rh"
r-oc-cta Nrs lyt a. th" hani- 81 CONE
Taav controlled hy th"~' mon. amt tH"
,ytfayasarOr lg',. ',N,hr"d b. Panama
all of th" 'isr1'i"r-. For
,ycrv mil. oi railroad l"ili u uiu'1s u7ii
for 'v" \. .pou a. tt" prH0''!s ~ the
nr.' hord issue was g"i' . iu''r"r i--.ic
", - d.myud,d and allowed Wv Won 1u'.s.
'"-" pr ln"n- ' So ll''''" -''''
'r-luusit" Tor :l''S'"f' Worm o." N'''I-'
n,n-- than twcutf -O,. times th' annual
f.vsr.u.- - a.. country. and "N et' hAi
g. show for u VISA poorly tuii taI.rDai
from Pu"ff" '"''f. ~ tH',l'' '"'a''-'
O. la Punr'utn, wy h''". i'' NV
l..r sold fur whatever th"N would brtnC.
and ,hn-s, y no hsd iu good f,ith i0,cs''i
be tl" first ts-p" saw lh,v S'',d ,H rN'".'h'
Chauo. ~ LOSING Az 't'' I''' u' 80
Nh appeal Nas ui''" ~, l' " ..-u .'''
tu"u'. Iu' D. i~'| q farh2n' ava Nh',
cnmnitt-. iu,. s'i'at"d. li"' h7u.oi-
iWU.t t's''lv {. q. d"-' Ip' lIS 'rh '"''"~.
To" itdX.,'n' - 'H" commute va" .N
an The bonds 80. 'aln'' 81 Nih - "ll' '' .
original -iu. a..' '',' We h,"'-N ''N''".
rr.rt ,.s.d u.."r make au. t"uHro- Hi"1
lio'.Ur.- iur payment U'- f''N '-"i" .
- i.. ,'nugN Z" na.'un' li" Hl''- lh -
lu.'slug o." vHHI. Nni'' i--u". hul s'"
'.. slvts- .-,r''' iu' nu'i- a- a.. 'N'-'NS
u'.Ir4'lur. though r'inUr. u' i'r . r'l-
-,aI r., ..',.,-f '.> eve, r-u lst uu
..u Ny''..- 1.u allowed - '''' h"'E,
.,. ItI.r f.,..7. ui .uf' hut' l-''F ''!''I .
/, .,.t rHtf"....s' u''"t y'..ls', -''u.- .
Ir-- Coz a. r'. r~ l"' '-.-N- a noi'n. .
If '-.- -Nr.. DH'" .. =. l"i.f~ .or.'n~'~ .
r,,r.- .'.,l D.. Valentine 4 Scott l"1~.l .
d.. r.4u Jog 7Susi Ia.., wear. They /
I'D r uu,. 80. IU,u in" 80 called Astur /
.y...i..nfr. ., ..iafy AunVu a. a." Honduras /
Syndicate. .pauiuud their ugh'- W h,t" /
iip,iuras had continued 'u o. gard tho .
Irr!,-h hout- ~ 'N'~t.ug Obligations .
NONE - tho many governments lu power .
.I.~a iS.u mad DARED 20 'ak" any dcci~lN" 4
,f.I T.. nav ~ thr snad w debt Ge4. F.
p.icafpo Enri.la who wa. lu puwvg IA F.
M d,.,rrtuirsd - got the hpud~ uut ut /
tho way. hut apparently doubtful ui IN" I
nliII,y 81 auv Honduras inanCi"r to hRudi" i
the matter, b. sought American hep.
The result was IN" contract With IA" Hon .
,iuras syndicate giving IL" latter the Gus
toms rrN,uu,- Uf the country va rturn /
for a guaranteed paymrnt - i,O0,pO p''sp-
"A year to t'c Government and the wiplng .
uut of thc lrouds The syndicate ai>o
60 flash th" railroad across
the republic within five Year, and 10 c-tah-
hsh a tank
Everything wen, finely nj first large
foiC,, II Wci vas pat a. work on the railroad .
aud u rally l-gtu To- lpuk a. " Honduras I
might finally get her tuad. though a. great .
cust But friction b''Wcen the Govern I
m.uj avd ~" syndicate sp"n developed .
| hr -yudicate found that IN" revenues look /
a dcCid'd drop after 1t assumed control. .
AMI " charged 90" Government Ni1h bcinS .
half hearted ~ th" detection 6ud pf"-'cu- .
tiun OF SiuuggI"rS lh" GoN'ruin"nt re- .
turt,d that the yuuicate wa doug nothing
Al al tu Nip. uG' IA" bpIds. n ~" "ud ~ .
thr ii'~t year the sNnd dcni" i"und N~'i .
obliged 10 ounirnut" 2uu,UO - ~"S in ua"S .
-ft a