The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1902-11-29
RUPTURE MAY Be AVOIDED
VENEZUELA PLANS TO SETTLE
CLAIMS OF POWERS.

Sec' ct Delegation in Europe Some
Time Ago by President Castro-PIan
TO be Placed Before the American Cow
ernmsnt-If successful Germany and
England I4iI Not Have 10 Take the
"erioms step Contemplated.
London, Nov. 2s.-The Associated
Press learns that important steps were
taken in London to-day with the view
of satisfying all the financial and di-
plomatic claims by foreign powers and
bondholders against Venezuela. 1t is
maintained 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 yet been communi-
Gated to the European governments
Their gist will first be made known to
the United States government, proba-
bly, tomorrow.
The medium of such communication
is one of the most important Anglo
American bankers Venezuela's propo-
sitions were mentioned to Ambassador
! Choate to-day but pending the result
of the direct representations at Wash
ington no action will be taken by the
embassy suggesting that Venezuela be
given time to submit her proposals. The
new development in the crisis, which is
regarded as hourly growing more seri-
ous is due to the arrival in Europe of
a secret delegation from the Venezue-
Ian government empowered to deal with
the outstanding liabilities of that re-
public. Until a suitable plan was ar
ranged it was considered inadvisable
to communicate with the foreign minis
ters at Caracas, with whom relations
have become so strained.
Such plan has now, in the belief
of the delegation, been arrived at and
officially, through the Anglo American
banker, the attitude of the United
States will be ascertained. Besides the
state department will be put into a po-
sition to judge of the value of Vene-
zuela's offer and her good faith in the
matter. 1t is explained that President
Castro has hitherto had no opportunity
of taking up the question of national
finances but while he was himself en-
gagged in suppressing the revolution he
sent to Europe the secret delegation re-
ferred to with the view of accomplish
ing what was regarded as impossible of
execution at Caracas.
Secrecy was also regarded to be i'm
perative in view of President Castro's S
belief that if 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 become twice as difficult.
The details Of the plan which will be
communicated to the state department
are carefully guarded but the Associ-
ated Press is in a position to announce
that the main feature is unification
of all the outstanding government and
government guaranteed loans upon the
basis of security much greater than
has been hitherto offered. 1t is stren-
uously denied that the present move
ment is due to any desire on the part
Of Venezuela ito spar for time with
Great Britain and Germany, and in
proof of this it is pointed out that the
secret mission left Venezuela 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 will be submitted to American
bankers The Venezuelan delegation
believes it is not too late to secure the
necessary facilities from Europe for
bringing about a settlement satisfac-
tory to all parties concerned.