The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-29
TO APPEASE CREDITORS
VENEZUELA TRYING TO PLACATE
BRITAIN AND GERMANY.
Financial Scheme Proposed at Lon
United States for Approval.

LONDON. Nov. est is learned that i'm
portant steps were taken in London to-
day with view to satisfying all the finan-
cial and diplomatic claims by foreign pow
ers and bondholders against Venezuela. 1t
is maintained that if the contemplated ac-
ton meets with approval Germany and
Great Britain will have no cause to take
the vigorous steps now contemplated. The
details of the suggested settlement have
not been communicated to the European
governments as yet. Their gist hrst VIII
be made known to the United States gov
eminent, probably tomorrow. The medium
of such conn., unication is one OF the most
important Anglo-American bankers. Nene-
zuela's propositions were mentioned to Am
,bassador Choate to-day, but pending the
result of the direct representations at
Washington no action will be taken by
the embassy towards suggesting that Ven
ezuela be given time to submit her pro-
posals
The new development in the crisis. which
is regarded as hourly growing more serious
is due to the arrival in Europe of secret
delegation from the Venezuelan govern
ment empowered to deal with the out
standing liabilities of that republic Untn
a suitable plan could be arranged II was
considered inadvisable to communicate
with the foreign minister at Caracas, with
whom relat. pnS have become so straiheo'
Such a plan has now, in the bene1 OF the
delegation, been arrived at, and, unofnclal-
ly, through the Anglo-Amerlcan Danker,
the attitude of the United States Will be
ascertained. Besides, the State Depart
ment will be put in a position to be ape
to Judge of the value of Venezuela oner
and her good faith In the matter
1t is explained that President castro mas
hitherto had no opportunity or taxing up
the question of national franchises, out
while he himself was engaged in suppress
sing the revolution he sent to Europe the
secret delegation referred to, with the view
of accomplishing what was regarded as I'M
possible of execution at Caracas. secrecy
was regarded to be Imperative, In view OF
President Castro's belief that If II had been
known that Venezuela contemplated new
financial settlement he would have been
Inundated with claims of every description
and the dealings with the Dononoluers
would have presented many more olHl-
cultieS -
The details of the plan which will be
communicated to the State Department are
carefully guarded, but 1T is learned that
the main feature Is unihcation OF all
the outstanding government ana govern
ment guaranteed loans upon basis OF Sc
curity much greater than has been hitnerto
offered. 1t is strenuousy denied that the
present movement is due to any desire on
the part of Venezuela Ito spar Tor time
with Great Britain and Germany, and In
proof of this ii is pointed out that the
secret mission left Venezuela before her
relations with Great Britain and Germany
had assumed the present acute aspect.
Should the United States government
give it's moral support the plan Will DE
submitted to American bankers Inc ven.
ezuelan delegation believes that 1T is not
TOO late 10 secure the necessary facilities
from Europe to bring about a settlement
satisfactory to all parties concerned