New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-10-11

u'i'ion To the business UNDERTAKINGS o- tho
ouse IN Cuba, the principal field of it's activ-
''.es' II is Interested in Porto Rico.
~ tne corporations already mentioned
- "aiioS is a director officer Of the fol-
living corporations identified with the seveIon
fnent Of the two islands. ros.rfo &C. 60.
pahy' Cardenas City Water Works C,or,parv
-NeM hork and Porto Rico Steamship Con,panv
Oii'9d states and Porto Rico Navigation Com
pa'-S, foN1o Rico Telephone Company and Com
i"eIeial Investment Company Of Porto Rico.
ine Is also president of the India Wharf Brew
ing company, vice president of the Horn Silver
-dlriihg Company, vice president of the Iron
Steaihooat Company. treasurer Of the Universal
MOTOR Car Company. and a director of the In
J 'erhatlonel Banking Corporation the Oil Fields
VI mexico Company. and the Courtn & Golden
Company
MT Flske is treasurer Of the Ffske Fruit Com
pahy or Cuba. secretary and treasurer of the
Caroenas City Water Works Company, second
Vlce-president Of the Commercial Development
company Of Porto Rico. secretary and treasurer
OF the Jucaro Realty Company. and a director
OF the United States and Porto Rico Navigation
Company the Porto Rico Telephone Company.
the New York and Porto Rico Steamship Com
pany and several other corporations.
CONTROL LINE OF STEAMERS.
J. M Ceballos Co. control a regular line of
steamers between New York and Barcelona
Spain making stops at the Canary Islands Cadiz
and Malaga. They are also the agents for freight
carriers from Cuban. Mediterranean, South Afri-
can and East Indian ports
Among the steamers in the regular New York
Barcelona service, chiefly owned by Norwegian
capital. are the Athale, 1.4O4 tons; the Ulriken
L49e tons; the Avona, s64 tons. and the Hernia,
1905 tons
J.. NJ. (Rn9llne g. N ants rFt he
Spanish Royal Mail Line the steamers Of which
ply between Spain, Italy. Cuba and Mexico,
making stops at this port, but that agency was
surrendered several years ago.
sIINEIRA FIRM STOOD HIGH.
Manuel siveira's firm has had excellent stand
ing In Cuba. The firm is one OF merchant
bankers" the business consisting of handling
merchandise of various sorts, instead Of securi-
ties, like American banking houses.
The firm is the largest importer of cattle into
Cuba, bringing in cattle from Venezuela, Texas
and Colombia. and it was on one Of his cattle
boats. craft Of 1000 tons burden, that Sill
veira with his family left Havana on October 2
Silveire, has already been noted has been
a promoter of many enterprises IN Cuba. One OF
his speculations III which Mr.. Ceballos is said
TO have been associated With him, the pur-
chase after the war which freed Cuba from Span
ish control of a large mass OF soldiers warrants
which he got for little money. but which have
subsequently been redeemed at par and per
cent interest. He cleared a large sum by this
operation
It was rumored some time ago. bankers in
this city said yesterday afternoon. that Silveira
had been borrowing heavily and had a great
deal of paper out, especially in Europe. AS
result of inquiries made his credit was consid-
ora5 nv horIra hnfh hora op6 In
Europe The Cebalos firm also is reported to
have been an extensive borrower its credit
abroad
AS the financial agent for J. NJ. Ceballos & Co.
Silveira's firm handled money in bulk and often
had on hand an excess holding Of than
million dollars Ceballos & Co. were the business
agents for many New York firms and individ
uals interested in Cuban projects and in this
business handled large sums of money for their
customers The firm also loaned money to
planters about harvest time in large amounts.
NOT STOCK EXCHANGE MEMBER.
The failed firm had Stock Exchange con-
nections its business being confined along bank
ing. mercantile and promoting lines. The firms
ratin9 has been high its credit exceeding the
million dollar mark.
Mr. Ceballos was seen last night at his home,
No % East cd street and asked for a per-
sonaI statement the failure.
1.-THE crash came so suddenly" said Mr.. Cebal
los that il is really too early TO say any more
than has already been said. We anticipated
that the public would be considerably interested
in this matter and therefore we had prepared
statement which told the story tersely and COM
pletely. For the present that is all that care
10 state I will not fail to make known to the
rublic at the earliest moment any interesting
da,,elonroents connected with this matter"
was Spaniard. and his mothsr was Cuban
The family for two generations has been prorni-
nent in New York society.
For years the firm was prominently identified
with the financial interests Of Spain. and for
long time il was the financial agent in the
United States for the Spanish government.
At the outbreak of the Spanish American War
a large Spanish flag hung in front of the firms
office in William street. When hostiiltIes be-
gan the firm publicly renounced its connections
with the Spanish government and Immediately
withdrew the flag. placing in it's stead a big
American flag Just this time Mr.. Ceballps
lost q fortune in an Intellectual effort to avert
the
4 well informed sugar planter of Cuba.
in this city said last evening to Tribune re-
porter:
ei,,,eir, g. Co in Havana We're interested
,.iib CebalIos g. Ce. In the development of a
iargs eugar plantation al Moron. near the north
.Iora - cuba and about two hundred miles east
of Havana They have been planting cane
there bat they have no machinery. and il will
he TWO or three years before they can begin
grinding General Jose MlBuel Gomez. who was
se,,'5r,aTed hy The Liberals for the Presidency
of CIba against President Palma, was made the
manager Of the plantation Tor several months
- bis defeat II charged that he was
I+tr, ,,ersecuted by the Palma government, and
r. Vas said also that his offices at Moron We're