The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-30
"A WAY OUT OF THE TROUBLE
New York Banker Is at Washington With a
Proposition
TO FLOAT ALL OF vENEzUELA'S DEBTS
And Thus Avert the Imminent Danger that Country
Now Stands in of the Seizure Of Her Customs
Duties BY Foreign Powers.

Warrington November 2o.-The appearance IN
Washington Of seligmau member Of the New
York house which has engaged extensively in inter.
national syndceHon, taken in connection with tho
Associated Press dispatches printed this morning
from London relative to Venezuelan finances was
viewed in official circles here as indicating the
stence Of syndicate with the purpose Of floating all
of venezuela's many debts, and thus ayorting the
Imminent danger that country now stands In case OF
the seizure Of her customs duties by foreign powers
The assumption Is that the prospective syndicate
wishes to ascertain, before closing a bargain with
Venezuela whether or not the United States will In
sure the meeting by Venezuela of the Obligation she
would in the matter Of repayment OF the loan
The United States government, It can be stated on
good authority is extremely DESTROYS that Venezuela
settle her troubles with Great Britain Germany ana
other foreign countries without mourning the seizure
Of any Venezuelan ports even temporarily. For II is
realized that, while the United States could not
sisently object to the seizure Of Venezuelan customs
houses by foreign power as a means Of collecting
just debts this Is regarded the contingency to be
avoided If possible; for it is realized that serious
friction might follow between the foreigners and the
venezueans and what in the beginning might be de-
NidiS" " hs hlNiHig q temporary occupation WOulu
end by a claim OF permanence Of which the United
States must take notice and which it must contest
Therefore If any responsible financial body is willing
to nay of Yenezueas foreign claims and so relieve
the country Of danger Of occupation. such a move
would be welcomed by the state department But
It is known that the official settlement touching this
guarantee by the United States government of the
syndicates loan. would be out Of the question The
state department objects strongly TO giving any guar
anee Of this kind and its official practice has been
TO extend to American holding foreign bonds such
protection it would accord to any other citizen,
but to allow him to bear the risk OF his own venture
holding shat he takes the bonds Of a foreign gov.
eminent subject to the vlsscitndes Of that govern
ment and can not expect the United States to act as
his collector in the that his speculation does not
turn out as well as he expected
Mr.. seligman lost time in bringing his bust
ness to the attention of the government here, ana
before he appeared at the executive oaco with
Senator Hanna ard was promptly admitted to the
presidents room. The conference did not last very
long and when he came away Mr.. seligman de-
olned to make statement to the reason for his
call beyond the remark that It was a.frIendy visit
It is understood however that no did sound the pres
dent upon the lines indicated above and that the
president could lot see his way clear to involve the
United States in the financial difficulties Of tho
American Republics that might follow Mr. soiigman's
proposition II may be that the matter will take
a form that viii make it possible for the state dc
partmsnt TO give 1t favorable attention Mr.. selig
man tonight said that another conference would be
held tomorrow at which Secretary Hay will be pres
mt and at its conclusion he would probably give out
4 statement