The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-11-29
VENEZUELA is
MAKING A DEAL
Financial Claims of Foreign Pow
ers Will Be Settled.
CASTRO SENT COMMISSION
COLOMBIAN INVADERS HAVE
BEEN SOUNDLY BEATEN.

T ONDON, Nov. 2S.-The Associated
l. Press learns that important steps
were taken in London today with
a view to satisfying all the financial
and diplomatic claims by foreign pow
ers and bondholders against Vene-
zuela. 1t is maintained that if the
contemplated action meets with ap-
prevail Germany and Great Britain
viii have no cause to take the Wig
orous steps now contemplated. The de-
tails of the suggested settlement have
not been communicated to the Euro
pean governments as yet Their gist
will be made known first to the United
States, probably tomorrow. The me-
dunn of the communication is one of
the most important of Anglo-American
bankers.
-Venezuela's propositions were men
toned to Ambassador Choate today,
but pending the result of the direct
representations at Washington no ac-
ton will be taken by the embassy to-
wards suggesting that Venezuela be
given time to submit her proposals.
Crisis Is Acute.
= The new development in the crisis,
which is regarded as hourly growing
more serious, Is due to the arrival in
Venezuelan government empowered to
deal with the outstanding liabilities of
that republic. Until a suitable plan
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 through the Anglo-American
nh = h. oFF oE
States the result will be ascertained.
Beside, the state department will be
put in position to be able to judge
of the value OF VeneZuela'S offer and
her good faith in the matter.
1t is explained that President Cas-
tro has had no opportunity of taking
up the question of national finances,
but while he himself was engaged in
suppressing the revolution he sent to
to, with the view of accomplishing
what was regarded as impossible of
execution at Caracas. Secrecy was re-
garded as imperative, in view of Pres
ident Castro's belief that if it had
been known that Venezuela contem-
plated a new financial settlement he
would have been inundated with claims
of every description and the dealings
with the bondholders would have pre-
scented many more difficulties.
Details Guarded.
The details of the plan which will
be communicated to the state depart
ment are carefully guarded, but the
Associated Press is in a position to
announce that the main feature is
unificatiOn of all the outstanding gov
eminent and government-guaran
loans, on a basis of security much
greater than has been hitherto Of
fered. 1t is strenuously denied that !
the present movement is due to any /
desire 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 |
eft Venezuela before her relations with /
Great Britain and Germany had as |
5umed 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 |
facilities from Europe to bring about /
a settlement satisfactory to all parties /
concerned.