Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1906-10-14
100000 LOSS
CAUSED FAILURE
Alleged Part of Money Used to
Aid Cuban Rebels.
sILvEIRA Is NOW LOCATED
1t is Estimated Liabilities Are Less
Than 5000, o,ooo-AppIieation For Re-
ceiver-Other Concerns Forced to
Wall by Failure.

New York, Oct 13. Manuel Sill
veira, the Cuban banker, whose al
legged embezzlement of $1,000,000 be-
longing to J. NJ. Ceballos & Co, caus-
ed that firms failure, financed the
recent revolt in Cuba, according to
Havana advices to the New York
Times. Part of the money, it is sta
ted, was spent in the purchase OF
arms. Silveira's activity in the rev.
olution is declared to have been due
to a quarrel with President Palma.
They had been together in some
large cattle deals, Silveira supplying
the stock from PaImas estate in Ray
amo. while these deals were proceed
ing, Silveira became interested in the
Lacon theater deal, which involved
loan to the government. While this
deal was pending Palma found that
he had been badly beaten in cattle
deal and thereupon frustrated the
theater transaction.
Silveira, at that moment, became
Palma's enemy and began plotting a
revolution. Then he employed Jose
Miguel Gomez as manager of his su-
gar estate. The government openly
prosecuted Gomez, sending troops
with artillery to coerce the people
near the estate to refuse to deal with
Gomez or Silvetra The result was
New York. Then Silveira began 9th
er negotiations and when the insur-
gent leaders took the field he sup
| piled them with funds. The govern
ment learned Of Silveira's completely
| and had prepared to arrest him when
| he purchased freedom by the osten-
stble gift of 500 horses and the be-
| trayal of Quentin BanderOs. Inter
ventiOn by the United States brought
| about the situation where Silveira' S
treachery to both sides was bound to
appear, with consequent danger to his
hfe He thereupOn apparently laid
| hands on what cash was available and
| fled. This is the story from Havana
Reports have been current in New
York from the first that it would be
| LOullu II1dI O1lFSll d w DIS SOICSl uSu al
the Cuban revolution, and that Juan
NJ. Ceballos of the bankrupt firm, de
| clared that in his opinion the reports
were wrong. If they were true, Nj.
Ceballos said, he knew nothing about
| Silveiras work for the revolutionists
John S. Fisk, a member of the Ce
| ballOs banking firm, declared also Fri
day night that, in his opinion, Sill
veira had had nothing to do with the
revolt. He declared positively also
that Mr. Ceballos certainly had nc
share in any business of that sort
"Silveira must have been crazy
said Mr. Fisk. 81 can think of nc
other explanation for what he has
done"
Meantime no word of SilYeira's
whereabouts has been found. All
South American ports are being
watched, but so far nothing has been
heard of Silveira or the cattle carry
ing steamship in which he fed.
A member Of the firm Of J. NJ. Ce
ballos & Co. reiterated the belief thai
Silveira had gone to Venezuela anC
would stay there. He said a brother
| of President Castro was Silveira's
partner in the Venezuelan cattle trade
monopoly, and Silveira was a close
friend of President Castro There
was no treaty between Cuba and Ven
ezuela, and it would be almost an i'm
possible task to get Silveira William
| Nelson Cromwell, counsel for the as
signee, said that If 1t was found tha
Silveira was in Venezuela, he did no
believe that Ceballos & Co. would
spend much money to get him extra
dited. The Seville Packing company
Of this city, importers Of olive oil anC
olives, is the first concern forced t.
the wall as a result of the suspension
Of Ceballos & Co.
Mr.. Ceballos is the heaviest stock
holder, and his two partners are off
GERS of the company. A petition ir
bankruptcy was filed Friday agains
1t by attorneys for small creditors.
1t was intimated that the liabilities
were less than 100000. In the ap
plication for the receiver 1t was sta
ted that the assets are more thar
$4,000.