Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-14
MOURN FOR S|LVE|RA
Speculation in New York as to
His Whereabouts.
MAY REFUGE WITH CASTRO
His Firm Thinks He is in
Venezuela.
WAS NOTED AS A LOBBYIST
Story of His Coup in Cuba Over the
Soldiers Bond 1ssue-Real-
lied Millions.


the great banking firm of Ceballos
& Co. to fail for prodigious sum,
financed the Cuban revolution or
not is question that is being very
seriously discussed in Havana and
Wall street. Certainly there is
some evidence on the surface tend
ing to that belief, according to late
dispatches. 1t will be some days
before a detailed statement of the
colossal failure can be known.
Meantime the fugitive from justice
is thought to be on the high seas
or in Venezuela. Strenuous efforts
will be made to capture him.
Special Dispatch to The Star
NEW YORK, October 13.-The opinion
became generally fixed in the Wall street
district today that the failure Of Ceballos
& Co. was an incident of the Cuban revo-
luton.
There has been persistent rumor which,
so far, it has been impossible to confirm In
Havana, that Silveira contributed SSo,Go0 TO
the revolutionary fund. The statement that
he had nearly million dollars with him
on his cattle boat, commonly credited to be
heading for Venezuela. is taken with sew
eral grains Of salt by men in New YORK
intimately acquainted with affairs in Cuba.
1t was strongly intimated today that Sill
veira had staked everything on the success
of the revolution, and losing. had fed 1t
was suggested that the Silveira enterprises
would become vastly valuable under Ameri-
can rule and that this was the stake for
which he was playing.
Tho personnel and extent Of the Cuban
warrant syndicate in New York Is closely
authority that score Of financiers, some
of them so prominent they have not let
their connection become known. are in the
coterie that acted in conjunction with Ceb-
alos & Co. in purchasing the soldiers scrip.
The syndicate was organized in the spring
of 1904 shortly before Speyer & Co. foated
the Cuba bond issue for the purpose Of re-
deeming these claims. While Mr.. Ceballos
declares his firm paid from IS to 95 for all
the warrants it handled and that 1t bought
only the gin-edged ones. it is stated in Ha-
vana cables that the syndicate cashed in
for $1,000 600 on its second batch Of war
rants, for which It paid $5,OO0,O0O.
Severe Criticism.
The methods employed by the syndicate
In securing the soldiers claims for a song
in some instances, are harsh!y criticised in
Cuban quarters.
Gradually details Of Cuban finances which
flavor Of American high finance have been
creeping to the surface. 1t was related to-
day that the Jucaro Realty Company, one
of the Ceballos-Silveira enterprises, bought
about Ii, coo acres at So an acre and sold 1t
to Silveira Sugar Company-the $4,000, 600
concern which has foated it's bonds in New
York-for $50 an acre. Likewise the De-
velopment Company OF Cuba, 1t is asserted.
made its large purchase at $3.50 an acre
and its minimum price In retailing the land
has been $50. Clearing OF the land and
planting 1t in orange groves has cost the
purchasers as high as $500 an acre. Town
lots in Ceballos have been sold also at
fancy prices.
Assignee Rowe and his force Of account
ants continued yesterday to work on the
FIRMS books. The work will continue to-
day 1t was intimated yesterday that 1t
will be the middle Of the week before a de-
tailed statement Of the condition OF Cebal-
los & Co. will be given to the public. The
lookout for Silveira Is being kept UP at
every port. with the expectation that the
ship will have to put in somewhere before
long for coal and provisions.
Pay Off All Claims.
HAVANA. October 13.-Silveira & Co. are
continuing to pay off all claims. While it is
stated that Silveira converted the joint as
sets of himself and others, including the
veteran army claims. into cash, the extent
of which possibly may reach a million
dollars. bankers and other persons here in
sist that the firms indebtedness in Cuba is
comparatively unimportant
Stories to the effect that Silvelra financed
the revolution are believed to have arisen
because of his close friendship to Jose
Miguel Gomez. whom he IS said to have
assisted and employed as manager of the
Silveira Sugar Company. Formerly Sill
veira and ex-President Palma We're init
| mate friends. blu: Snyeira's friendship for
| Gomez, II Is said. tended to lessen the re-
| gard of the president. who was watchfu
| and jealous of any intimacy with the lib
! erals. S:lvelra's friends say he be-
| lieved the government would prevail
| in the revolution.
| NEW YORK. October 13.-Now tina
twelve days have elapsed since the sailing
of the steamship Carmelina, bearing Seno
Manuel Silveira. his wife ard dependents
and unknown sums OF other peoples money
and the argosy has not been sighted from
land or by sea- the members of the sorrow
ing firm Of ]. II. Ceballos & Co fear tina
she will never be sighted. The belief is set