New-York tribune., 1902-11-29
OFFER FROM VENEZUELA
EFFORT TO SA TTSFY ENGLAND
AND GERMANY.
SECRET DELEGATION SENT TO EUROPE
By CASTRO-PLAN TO BE SUB
MITTED TO WASHINGTON.

London. Nov. 2S-The Associated Press learns
that important steps were taken In London to-
nav with the view of satisfying all the financial
and diplomatic claims by foreign powers and
bondhoIders against Venezuela II is main
tained that if the contemplated action meets
with approval Germany and Great Britain Will
have no TO take the vigorous steps now
tlement have not yet been communicated TO the
European governments. Their gist will first be
made known 10 the United States Government
nrohably o-naorrow- The medium of such COM
-ounication is one of the most important Anglo
American bankers.
venezuea,s propositions were mentioned to
Ambassador Choa1e to-day, but, pending the re-
sult Of the direct representations at Washing
ton. no action VIII be taken by the embassy
tovsrd suggesting that to Venezuela be given
tins 70 submit her proposals.
The new development in the crisis, which is
regarded as hourly growing more serious. is
Que 10 the arrival IN Europe of a secret dele
CATION from the Venezuelan Government en-
nowered to deal with the outstanding liabilities
NJ that republic Until suitable plan was ar
ranged ii was considered inadvisable to COM
rnunicate with the foreign ministers at Caracas,
with whom relations have become strained
Such plan has now, in the belief of the dele
CATION been arrived al, and unoficially. through
the Anglo-American banker. the attitude OF the
United states viii be ascertained. Besides, the
State Department will be put IN position TO be
able To Judge of the value of Venezuele's offer
and her good faith in the matter 1t is
plained that President Castro has hitherto had
no opportunity OF taking UP the question of ma
tionaI finances. but while he was himself en-
he he 70
Europe the secret delegation referred TO. with
the view of accomplishing what was regarded
as impossible of execution at Caracas Secrecy
was also regarded to be imperative in view Of
President Castro's belief that IL It had been
known that Venezuela contemplated new
financial settlement he would have been inun-
dated with claims of every description, and the
dealings with the bondholders would have be-
come twice as difficult
The details Of the plan which will be conrnuni-
Gated to the State Department are carefully
guarded. but The Associated Press is IN a posi-
ton to announce that the main feature Is a uni
hcation Of all the outstanding government and
government guaranteed loans upon basis Of
security much greater than has been hitherto
offered It is strenuously denied that the pres
ent movement is due to any desire the part
Of Venezuela ito spar for time" with Great
Britain and Germany. and in proof of this 1T Is
pointed out that the secret mission left venez-
uela before her relations with Great Britain and
Germany had assumed the present acute aspect.
Should the United States Government give its
moral support the plan viii be submitted to
American bankers. The Venezuelan delegation
believe that II is not too late to secure the neces
ssry facilities from Europe to bring about
settlement mutually satisfactory to all parties
concerned.