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


Silveira Sugar Company, pat out g.. 900 900
bonds and 81, 900 600 stock. The bonds
Mr.. Cromwell said yesterday, had all been
disposed Of. He would not disclose the
names Of the purchasers. Tho company
owns 1000 acres Of sugar land.
The Development Company OF Cuba
owns large properties in the vicinity Of
Ceballos, a place named after the head Of
the suspended firm. The compa ny was
1901 with a capital Of $3.50 900 to develop
agricultural and mining lands. II owns
more than 10000 acres OF land and is en-
, gagged principally in the culture of citrus
| fruits. Ceballos, according to the reports,
has become quite a thriving town. Manuel
Silveira is one Of the directors Of the COM
pany.
Until a short time age ]. NJ. Ceballos a
Co. were agents for the Royal Spanish Mail
Line, operating between Cadiz. Havana
and New York The agency was surren.
dered because the returns were meagre.
The New York and Porto Rico Steamship
Company, in which the firm was also inter-
ested, chartered all Of the boats il operates
and is understood to nave no ownership
interest in any Of them The firm con-
trolled the Ceballos line Of steamer plying
from Spain to ports in North and South
America and the West ndies.
MR.. CEBALLos HOPES TO PULL THROUGH.
Mr.. Juan NJ. Ceballos did not reach his
nome, on the SOuUnWebt corner OF MaulSOn
avenue and East Sixty-second street. until
nearly 10 O'Clock. For a man who had
just lost 81 ,OO0, 600 be was surprisingly
cool. He is thoroughly American in APP
pearance and address.
"A blow like his coming so suddenly
he said, cannot be recovered from all at
once, but | am very hopeful. | can see no
reason why everything shall not be fixed
up all right. just say that for me. More
than his | do not care to say now. My
L-Wv- .as1 n III eAaN --a - a2t1 -
the subject. Personally l feel that the
public is not interested in me. l have tried
TO do my part in a small way and hope to
continue to do So
smvEIRA GOMEZ.
At the Hotel America, in East Fifteenth
street, where Cubans and Spaniards make
their home, a man who said he was a banker
relations with Silveira d Co. declared that
he had reason to think his firm might lose
$50 .0O0. He was not surprised to hear
that Silveira 4 Co. had fallen into rouble.
The opinion among all at the hotel who
would express their sentiments was that the
expected had happened. They said that
Silveira had employed jose Miguel Gomez,
the Liberal candidate for President, whose
defeat by Palma had brought on the recent
revolution. as general administrator OF a
vast sugar plantation in the Province of
Puerto Principe.
And the way they spent money on that
plantation" said one, was very amusing.
They spent many thousands OF dollars lust
as If they were building a palace. You
cannot make a sugar plantation like that
It takes years for it to grow. With them
it was paying out, paying out all the time
and nothing coming in, yet they were pay
ing dividends. Failure had to come and l
have long looked for it.
Another said Silveira had made a very
large sum of money by discOunting the
claims of the Cuban veterans before the
Cuban Congress had appropriated money
to pay the old soldiers; and also by the
importation Of cattle. All agreed that Sill
veira had a greater reputation for financial
resources han he was entitled to
He was what you call IL in the States,
a get rich quick kind'of a man, "helsaid.
The Cubans at the hotel we're much inter
ested in a group picture in the Ocotber num-
Der Of the ReUiet1 of RerieUs showing Sill
veira and jose Miguel Gomez as the central
figures. They said it showed the close
relations existing between the two men
and they thought there was more connection
than now appears between th9 disappear
ance of the million dollars n the recent
revolution.
t OF THE FIRM.
The banking house Of Ceballos 4 Co.
was founded in this city in 1850 by Juan
NJ. Ceballos, father:of the present head Of
the firm. Mr.. Ceballos was a Spaniard
who had married a Cuban woman. The
original firm, which was Ceballos, Pade 4
Co, was dissolved in 1855, Juan NJ. Ceballos
continuing. He was one Of the principal
sugar importers and represented the Baro
family. Jose Baro became a special patron
from 1870 to 1880 for $500 900. Various
changes in the partnership occurred in the
next decade. Juan NJ. Ceballos died in
February, 1883, and his son Juan M. con-
tinued the business with special capital OF
$500, 900 furnished by Jose N. Baro and
Juan Pedro y Roig until January 81, 1892,
when another change in the partners took
place. On January I, 1897. Mr.. Ceballos
announced himself the %liquidator Of the
firm and on January 1, 1909. Messrs. Fiske
and Wilson were admitted as partners.
They had been in the employ Of the firm
for over twenty years. The present Juan
M. Ceballos was BORN in this city and edu-
Gated in Montreal. When he came Of age
he became one Of the leading member Of
the Spanish colony here. He was married
10 Lulu, the daughter of A. G. Washington.
When the InFanta Eulalie OF Spain visited
this country in 1893 Mr.. Ceballos was one
of the leading members Of the reception
committee and entertained the Princess
for a week at his town house at 2s East
Sixty-second street and at his country
home in Bay Shore. He was at one time
fiscal agent for the kingdom OF Spain. Mr..
Ceballos is a member Of the Automobile Club
of America and the Union, Democratic,
Lawyers and Riding clubs. He has two
children.