The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-19
SO VENEZUELA MAY PAY CASH
BANKING HOUSES TRY TO INDUCE
CASTRO TO ACCEPT LOANS.

Representative OF q Berlin Bank and Of
the seiigrnans In Washington 10 Get
| the Presidents yiews-Reason IA
| Believe That Castro Fa,ors the Plan.
| WASHINGTON, March la-Evidence accu-
mulates that efforts are being made to
effect a new settlement Of Venezuela q
difficulties with European nations through
direct negotiations with President Castro.
| The main object appears to be the floating
| Of a loan sufficient to enable Castro 10
pay cash. thus superseding the arrange
ments made by Herbert w. Bowen, the
Venezuelan peace envoy in Washington,
for the gradual liquidation Of Venezuela s
Indebtedness through monthly installments
taken out of the custom revenues OF the
ports Of La Guayra and Puerto Cabello.
DR.. Salomonschn, a representative Of
the Berlin Bank Of Discount. Venezuela
heaviest creditor whose claim was mainly
responsible for the adoption OF coercive
measures by Germany, reached here yes
terday. /. NJ. Sehgman Of the well-known
New York banking house is here also. and IL
is understood that he and DR. Salomonsohn
have made arrangements to see President
Roosevelt for the purpose OF securing
biz views on a propose! that the Sell gmans
furnish Venezuela with sufficient money
to pay all her creditors.
last December Mr.. SeGgman approached
the President with 4 proposition that the
United States guarantee the payment OF
loan which the Sell gmans contemplated
advancing 10 Nenezut Ia. but Mr.. Roosevelt
declined TO give any such guarantee. II
is now reported that the Scligmals are
willing 10 furnish Venezuela with money.
accepting n lien on the customs receipts
OF the country TO insure its payment.
Should this plan be carried out and Pres
dent Castro Use the money obtained 10
pay tho claims Of the European allies ard
tho eight neutral nations. there would be
no necessity for an adjudication by The
Hague tribunal of the question involved
in the contention raised by England, Ger
many and Italy that they are entitled TO
payment before the claims Of the so-called
peace creditors are liquidated.
The United States Government IL heartily
in favor of having The Hague court decide
this question, not only because IL will
strcngt hen the American contention that
International disputes not involving national
honor should be adjusted by arbitration.
but on accoun; Of the belief that The Hague
arbitrator will rcpudiate the idea that
nations resorting to force to collect claims
from a weaker nation are tied to pref
eIeaCe in payment over nations which
endeavor tn make COLLECTIONS through the
ordinary channels Of diplomacy. For
these reasons il is TO DO supposed that the
rlan now said 10 bs on foot to overturn
The agreements made by Mr.. Bowen by
enabling Venezuela TO pay her national
obligations IN cash instead of in install
menis extending over a term OF years is
not popular with the Administration in
Washington.
There /. reason to believe that Castro
has hCCup 10 make arrGi EeU'Ets Of his
own with foreign representatives. in Cara
Gus. News that an arrangement had been
Effected in Caracas for the liquidation Of
Ole Of DenmHrk's Claims, that Of Thomas
Gibbs, was received Yesterday by Con-
stantins Brun, the Dau.sl Minister in Wash
ingi or, from the Foreign Once in Copen-
hagen. In informing Mr.. Bowen Of this
news to-day, Minister Briln raid that there
would he no occasion ~ protsht for E.go-
tiatiug the protocol fn settlement Of
Danish claims. thu indicating that his gov
ernment e1pe'ted 10 conclude settlement
at Caracas, Instead Of ~ Washington. Sew
eral kilograms advising President Castro
not to sign any protocols have been sent
ay Nr. Bowen, but apparently the advice
was unheede. II j. iaarcd her" that through
this changed attitude on Castro's part. al
IN. work accomplished by Mr. Bowen will
ha o,erturnei. and the foundation laid Tor
irsh complications with EurUpean Powers.
THO only Government having claims
Against \, nsz,lsls with which Mr. Bowen
IN, not rignrd protocols = settlement Are
Spaln and D"uinarA According 20 rcpnrts
,'.rr.nt IA diplomatic aud Admin,-iratlon
cifcl,.s G,rrlAny has br'n Influencing
D.ninark 4, f.'rk a cl-b s't'lem'n' from
Cadrp, thus anuTdinr opportunity Tor
the contention GA The part ~ Other creditor
nat .ulls thai thsy, too, are .niitl'd a. oash.
Aptiu's delay la making an agTo.nloh
vlth M puvrn har h'arn attributed 10
Austrian Influence. bat the llaF bs-sn drnird
by y ar Oj,ds. a., Spanish Munster her
fflm ~ undloatiun- thr lrnsxlilan si,ua-
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