The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1902-12-05
VENEZUELA Will
MEET LIABILITIES
Delegation Arrives in Europe
With Power to Settle All
Financial Obligations.
CASTRO KEPT IT QUIET
Head of the State Didn't Care tt Ne.
gotiate With the Diplomats Sta
toned at Caracas-Anxi-
Gus to Avoid Reprisals.

London, Dec. 1.-The Aseuriateo
Press EARN that important steps were
taken in London with a view to salts
flying all financial and diplomatic
claims by foreign powers and bondhold-
ers against Venezuela. 1t is main
tanned that if the contemplated action
meets with approval, Germany and
Great Britain will have no cause to
take the vigorous steps now contem-
plated. The details of the suggested
settlement have not been communicated
to the European government as yet.
Their gist first will be made known to
the United States government, probab-
~ today. The medium of such
communication is one of the most i'm
portant Anglo-AmeriCan bankers.
Venezuela's propositions We're men,
toned to Ambassador Choate, but
pending the result of the direct repre-
sensations at Washington, no action
Will be taken by the embassy towards
suggesting that Venezuela be given
time to submit her proposal.
Secret Delegation Arrives.
The new development in the crisis,
which is regarded as hourly growing
more serious, is due to the arrival in
Europe Of a secret delegation from the
Venezuelan government empowered to
deal with the outstanding liabilities of
lioI 4CpoDllN. CHlll d suitable pldll
could be arranged it was considered
inadvisable to communicate with the
foreign ministers at Caracas. with
whom relations have become so
strained. Such a plan has now, in the
belief Of the delegation, been arrived
at, and unofficially, through the Anglo
American banker, the attitude Of the
United States will be ascertained. Be
sides, the state department will be put
n a rnC}tirr ~ la n11n fo 80 49,
value of VeneZuela's offer and her good
faith in the matter.
1t is explained thai President Castro
has hitherto had no opportunity Of TAX
ing up the question of national finance,
but while he himself was engaged in
suppressing the revolution, he Sent to
Europe the secret delegation referred
to, with the view Of accomplishing
What was regarded as impossible Of
execution AT Caracas.
Need for Keeping Dark.
Secrecy was regarded to be imper-
alive, in view of President Castro's be-
lief that If it had Deer known that
Venezuela contemplated a new finan-
cial settlement he would have been in
undated with claims Of every descrip-
ton and dealings with the b~ondholders
would have presented many more diff
The details of the plan which will be
communicated to the state department
are carefully guarded, but the Asso-'
ciated Press is in a position
to hal the main feat
ure Is a unification of all
the outstanding government and gov
er1lment guaranteed loans upon a basis
of security much greater than has been
hitherto offered. 1t Is strongly denied
that the present movement is due to
any desire on the part of Venezuela ito
par for time" with Germany and Great
Britain, and in proof of this 1t is pointed
out that the secret mission left Vene-
zuela 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 be
submitted to American bankers. The
Venezuelan delegation believes hat 1t
Is not too late to ecure the necessary
facilities from Europe to bring about a
settlement satisfactory to all.