The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-09-12
Fear That Revenues Are In
sufficient to Meet OBJ
legations.
BILL NOW IN CONFERENCE
Has Been Amended by House of Rep
resentatives of New Republic-If
President Palma Signs Measure the
American Executive May Refer the
Matter to Congress.

President Roosevelt and his official
advisers, It Is declared. are opposed 10
the Cuban loan Of $35, COO. .o00, and it is
said viii eudeavor to veto the measure.
The bill passed the Cuban senate some
weeks ago and has just been passed,
with amendments. by the house. Il has
now 10 90 TO conference for an agree
Den1 between the TWO houses on the
amendments. one of the most important
OF which is that the loan Is not TO be
let al public bidding. but is 10 be placed
IN the hands Of the President. who is
allowed TO place It where he can, with
fixed limitations as 10 the amount OF
interest and the date Of expiration.
Il VIII be some time before the bill
can be presented 10 President Palms. for
his signature. and in the meantime il is
said the objections Of this Government
viii be made known 10 him and he VIII
De urged to use his influence 10 prevent
o. postDone final action upon IL
Fear Revenues Are Too Small.
The opposition Of the Administration
is bssed on the fear that the revenues
viii not be able 70 stand the strain Of
the proposed debt. Failure to paw either
interest OF DrincinaI would occasion Sc
rious complications.
While President Palma is naturally
anxious 10 please the United States. il
is doubtful whether ne VIII consider that
ne should go counter 70 the wishes OF
r1sssace
In view Of the fact that authority n
pace the loan is 70 be left in the hands
OF President Palma, IL is possible fbat
ne might decide TO issue al first o1lv
small proportion Of the whole arro75-+
nus meeting anOthS~ Of The objections
o1 the United States which 5o1,b,e
whether as much as S35. 10000 is really
needed.
Congress May Act.
i the loan bin actually becomes law.
the action Of Cuba WIZ undoubtedly 10
communicated 10 the United States Con
gTess BY President Roosevelt in his an
nual message. and twill then remain
for the American Senate and House 70 I.
determine whether IN issuing such = Ios,
Cuba has violated that section oy -ba
Fiatt amendment which stipufates thar
me Cuhan government, shall nor as
soAe OF contract any public debt. 20
pay the interest upon which. and 10
make reasonable sinking funds. pro7i-
si5ns for the ultimate discha-ga ~
which the ordinary revenues - m =
iand. after defTaying the current ex-
penses Of government. shall be made I.
quate"
Capitalists Would Hesitate.
The proposed loan Is not TO become
until six months after the pas
sage Of the law Consequently the United
States Congress VIII have ample -fme N
express its approval OF -disaprovaI Of
It's provision. IF It should disapDrove
Il IS realized that Cuba would have serf-
7us difficulty in floating the loan for
capitalists would hesitate 10 advance
-helr money on the pledge Of the CubaD
customs ID face Of opposition Of the
United States
II Cuban reciprocity becomes fact
II Jhe approaching session il is .Dcssfhre
hat its stimulating effect mon tbe O.
'ah revenues would be sufficient es.aran-
ee or the ability of The InsuIar govern
ilehl 10 meet the obligations and The
proposed loan may be approved nro
'lded that the money is borrowed In The
United States
Quesada at State Department.
senor Quesada, the Cuban minister - g
he United States. was at The state De- Z
artment this morning DISCUSSING Cubaa
fairs with acting Secretary Ado. ]
enor Quesada talked freely abov- ,b. T.
u2an loan bill. which has lust Dazsad q
ne mouse IN Havana. He savs rraf !.
mong the many advantages Obtained F',.
ae Dill IS provision authorizing Pre>f- o
CIT rama 10 issue The loan in install ?
ienis, the first not 10 exceed & gqF a1a
nd the others 10 be- ISSUED oBI. ac,,-4 q
is 10 the needs o. the island and ,rs -
eople l-' o.
Senor Quesaad has received no futfrs- 10
On from any official source OF +hs ri n
States Government indicating rbsr
be Administration objects 10 rba go, Fl
nee Of the proposed loan. he seems -
'nIcent that ample provision viii Ea
ace IN Cuba for the payment O. inter
il and sinking fund 20 meet The Drfn- IN
pal II
while at the State Deparrm,-. ,b.r 8r
orninG Senor Quesada asked ana 80
saFed mat Cuban citizens on The Te-F-
US OF Panama viii receive The -ar-s ID
.oJection from the Cuite5 Sfa-se ..g.--.
natives there as vii hc sccorIs5 -, +
lzens Of other foreign nations