The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-11

eilNetrs hau IN His Employ Gomez, I'VE
Liberal Candidate for President az
the Last Election -Surmise That En-
plantations OF the DefalcstfOn May
Lead Back 10 the Revolutionary Move
ment Firm Interested in Many En-
terprises In Cuba-IIst OF Creditors
Net Yet Ascertainable MIR Ceballea
Hopes To Pull Through Eventually.
With a million gone in Havana. n
Manuel Silveira, banker OF that city, de-
scribed a. a fugitive on a steamer Of his
own the banking house Of j.. NJ. Ceballos
4 Co., New York and Havana. made a
general assignment yesterday to William
V. Rowe OF the law firm of Sullivan 4 Crom-
well. The Spanish-American house was a
very important one. its resources being
generally placed at between 5000 900 and
81, 900, 900. and it was the most prominent
American banking house "a far as relations
with Cuba and Porto Rico are concerned.
The assignee after a cursory examina-
ton roughly estimated the Liabilities at
between 81, 1000. 900 and $4,000, 900. No esti-
mate OF the value OF the assets was ventured.
The man responsible for the failure.
attorney for the assignee. is on the high seas.
just where no one knows. Manuel Silveira
OF Havana was head OF the house of Silveira
& Co., bankers and merchants. a lifelong
intimate friend and close business associate
Of J. NJ. Ceballos and Cuban correspondent
OF j. M. Ceballos 4 Co. Either Lost by him
in speculation or in his possession, accord
ing to Mr.. Cromwell, is 81 900, 600 in money
and other property belonging to the New
York house.
sILvEIRA BEHIND IN R~EMITTANCEs.
Two months ago Mr.. Silveira wrote to
Mr.. Ceballos that collections had become
slack in Cuba. The revolution was i'm
pending and it was absolutely impossible
to secure anything like prompt payments.
He would do the best he could, he wrote
later, but the situation was really getting
worse. and from that time up to last week
a multitude OF excuses and very little money
came to the New York house from its
Havana gen
ANNOUNCED THAT HE WOULD SAIL FOR NEW
YoRK.
Mr.. Cehallos got a cable last week Monday
from Mr.. Silveira in which the latter said
he had just been successful in req LIKING on
the most hazardous risks and that he would
sail on the following day, October ?, to bring
a complete a|ccountiuea and large sums in
bullion and drafts to Ceballos 4 Co. totakea
long rest in me north, and 10 spend 4 long
visit with his old and true frie7d, the head Of
the firm. Hcsailedfrom Havana, according
to his announcement, on ore OF his own
steamers, the Carmelina. carrying az it's
sole passen gers his vie and children. The
vessel was manned entirely by his own
employees.
SAILED. SUI HAS y ARRIVED.
Mr.. Ceballos expected his friend last
Sunday. but as the Carmelina is a cattle
bDat Ut but 2.tO) Ioas burden he was ncs
greatly worried when the ship failed to
maze port that day. On Monday he had
a sharp lookout kept for the overdue steamer
aud Iegsn - feel a bit concerned, though
not yet seriously anxious. On Tuesday
Mr.. Coballos began to make inquiries for
the missing steamship. Gables have been
sent to every port which the Carmelina
could have reached in the time elapsed
since October 2. The Carmelina has entered
none Of these ports nor has there come in.
a. far az can be ascsrtained, any vessel
which has spoken or sighted her.
Consequently no member Of the firm and
no lawyer connected with the investigation
III -rl.NRA NhA TA.nIs.- - -
for the ends OF the earth, whether IL has
been sunk, with. the Silveira family and the
crew seeking a hiding, place on some little
known coast, whether it Is cruising about
the Spanish main as a pirate or whether IL
has met with some accident. All the cir
inspire speculation. but it is
noteworthy that in the statements given out
by the counsel yesterday not even a sug-
Restion is made that the ship has met with
some ordinary mishap on the high seas.
STATEMENT ON. THE FIRMS BEHALF.
A explained by William Nelson Crom-
we'll, attorney for the assignee, the cir
olmstances are "a follows:
Messrs. J. NJ. CeballOs & Co., bankers, Of
New York and Havana. ha We to-day made a
general a ssi gnnent for the benefit OF reditor
a. William Y. Rowe Of the law firm OF Sullivan
4 Cromwell, with William Nelson Cromwell a.
counsel to the assignee. The suspension IL
stated by the firm TO be due 20 the defalcAtiOn
NJ Manuel Silveira Of Silveira a Co., bankers
and merchants Of Havana. who for several
years have represented the business Of Ce-
ballos \ co. His deficiency amounts 20 nearly
81 .OOO, OOO in money and other property.
Silveirs departed from Havana on Tuesday.
the I'd inst in one Of his own steamers named
the Carmelina. with New York as his osten-
sible destins ton. In local publications he an
nounced his intention Of going to New York
for a vacation Of several months. and in letters