The Montgomery advertiser., 1902-11-29
READY TO SETTLE UP
VENEZUELA HOPES TO APPEAsE
 ENGLAND AND GERMANY.
Delegation Sent Secretly by Castro to Arrange for Securing Debts Due European. Governments by
 His Nation.

London. Nv 2s,-The Associated Pess learns that important steps were taken in London today with view of satisfy ing all the financial and diplomatic claims by foreign powers and bondholders against Venezuela.
 It is maintained that If the contem- plated action meets with the approval of Germany and Great Britain. they will have no cause to take the vigorous steps now contemplated.
 The details of the suggested settlement have not been communicated to the Eu- ropean governments as yet. Their gist first will be known to the United States government probably tomorrow. The me- dium of such communication is one of the most important Alglo-American bankers Venezuela's propositions were mentioned to Ambassador Choate today but pend ing the result of the direct representa- tions at Washington no action will be taken by the Embassy towards sug- gesting that Venezuela be given time to submit her proposals.
 The new developments in the crisis which Is regarded as hourly growing more serious is due to the arrival in Eu- rope of a secret delegation from the Venezuela government empowered to deal with the outstanding liabilities of that republic. Until a suitable plan could be arranged 1t was considered inadvisable to communicate with the foreign Min isters at Caracas with whom relations have become so strained. Such plan has now in the belief of the delegation been arrived at and unofticially through the Anglo-American banker, the attitude of the United States will be ascertained. Besides, the State Department will be put in a position to be able to judge or the value of Venezuela 8 offer and her good faith in the matter.
 It is explained that President Castro has hithertmo had no opportunity of talk ing up the question of national finances but while he himself was engaged in sup nressinR the revolution he sent to Europe the secret delegation referrod to with the view of accomplishing what was regard ed al impossible of execution at Caracas.
 Secrecy was regarded to be imperative in view of President Castro's belief that if 1t had been known that Venezuela con templated a new financial settlement he would have been inundated with claims of every description and the dealings with the WOuiu AAeNO PtCSChN- ed many difficulties.
 The details of the plan which will be communicated to the State Department are carefully guarded but the Associated Press Is in a position to announce that the main feature is a unihcaeion of all the outstanding government guaranteed loans upon a basis of security much greater than mad hitherto been offered.
 It is strenuously denied that the pres ent move is due to any intention on the part of Venezuela to spar for time" with Great Britain and Germany and in proof of this it is pointed out that the secret mission left Venezuela before her rela- tions with Great Britain and Germany had assumed the present acute aspect.
 Should the United States government give it's moral support the plan will be submitted to American bankers. The Venezuelan delegation believes that it is not too late to secure the necessary ia cilities from Europe to bring about settlement satisfactory to all parties con