The Birmingham age-herald., 1902-11-29
VENEZUELA MAY
 COME ID TERMS
Movement on Foot to Settle Up
 With tng gIand
UNlFlCATIoa OF LOANS
Matter Is Now In Hands of Prominent Banker, Who Goes to Washing ton to Ascertain the Views
 of the United States.

London. November 2s.-The Associated Press learns that important steps are being taken in London today with a view to satisfying all the financial and diplo- mauc claims by foreign powers and bondholders against Venezuela. It is maintained that If the contemplated ac- tion meets with the approval 1f Germany, Great Britain will have no cause 10 take the vigorous steps now contemplated. The details of the suggested settlement have not been communicated to the En- ropean governments as yet. Their gist will first be known to the United States government, probably tomorrow. The medium of such communication is one 1f the most important Anglo-American bankers. Venezuea's propositions were mentioned to Ambassador Choate today, but pending the result of the direct rep rescntations at Washington, no action will be taken by the embassy towards suggesting that Venezuela be given time to submit her proposals.
 The new development in the crisis. which Is regarded as hourly growing more serious, is due to the arrival in Eu-
 
 ezuelan government empowered to deal with the outstanding liabilities of that re- public. Until suitable plan could be ar ranged 1t was considered inadvlsable to communicate with the foreign ministers at Caracas, with whom relations have become so strained.
 Arrive at Plan.
 Such a plan has now, In the belief of the delegation, been arrived at, and un- officially through the Anglo-American banker the attitude of the United States will be ascertained. Besides, the state department will be put in a position to be able to judge of Venezuela's offer and her good faith in the matter.
 It is explained that President Castro has hitherto had no opportunity of taking up the question of national finances, but while he himself was engaged in sup pressing the revolution, he sent to Flu rope the secret delegation referred to, with the view of accomplishing what was regarded as impossible of execution at Caracas. Secrecy was regarded to be im- perative in view of President Castro's belief that if 1t had been known that Venezuela contemplated a new financial settlement, he would have been inundated with claims of every description, and the dealings with the bondholders would have presented many more difficulties.
 Unlflcatlon of Loans.
 The details of the plan which will be communicated to the statement, are care fully guarded, but the Associated Press is in a position to announce that the main feature Is a unifcaton of all the outstanding government guaranteed loans upon a basis of security much greater than had been hitherto offered. It Is strenuously denied that the present move ment 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 left Venezula before her relations with Great Britain and Germany had assumed the present acute aspects.
 Should the United States government give its moral support the plan will be submitted to American bankers. The Venezuelan delegation believes that 1t is not too late to secure the necessary facil- ities from Europe to bring about settle ment satisfactory to all parties concerned.