The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-12

Broadway and sevcnteenth ~.
soon as he had had time tolget far away.
The incident supplies extraordinarily strong
corroboration of the theory hat Silveira's
plans were carefully laid to take his family,
his friends and his own and other peoples
money to a place where he might live in
luxury and safety.
THE VENEZUELA sURMIsE.
Mr.. Fiske's chance remark to the effect
that Silveira might turn up in Venezuela
was considered as good a guess as any
by those specializing on his destination.
Silveira has done an extensive business
with Venezuela, principally in the importa-
tion Of cattle. II in possible that he might
be welcomed by President Castro and
there might enjoy to the full a taste for
Ceballos Il Co. trusted Silveira on ac-
cou Of his relationship with Senior Beola
and on account Of his own high business
reputation.
you ask me why he did it," said Mr..
Fiske yesterday, -and | can only reply
that he must rave been crazy or ] would
have to be crazy to devise an answer. He
had everything that is ordinarily an in
centive TO a man to remain honest-an
assured social position, a profitable BUSH
ness. pleasant family connections, an
honored name. How can | explain it?"
1t was learned. however, that Silveira
encountered a decided business reverse
in making a large importation of cattle
at he time the revolution broke out. No
one would buy the cattle for fear that forces
in the field might seize them AZ army pro-
vision and neglect to pay. Otherwise
his resources are believed to have been
largely tied up in the large number Of en-
terprises in which he and Mr.. Ceballos
were interested.
These outside enterprises, Mr.. Crom-
well said, were all interpretations. and he
believed the funds of them were all intact.
An investigation was in progress to ascer-
tain whether or not any Of the funds OF
these companies had been tempered with.
OF all his large number Of enterprises
Mr.. CeballOs was most deeply interested
in the Development Company of Cuba
which built the town Of Ceballos. He
planned to make this a model town, and
pictures of IL, taken recently, snow fine
parks, artistic haciendas and general fine
cultivation Of the aesthetic taste. The
pictures are unmarried by buildings repre-
senting anything as sordid az industry.
IL is said, however, that the groves Of citrus
fruits around it will bring handsome re-
turns in the near future.
SYMPATHY WITH THE FIRM.
In the banking community everywhere
the greatest sympathy IL expressed for the
members of the suspended firm. They are
criticised occasionally for embarking in too
many ventures, for being too impulsive in
tnct 1pNplODIleIU OI Oltd, I)lt IL appears 10 Dt
granted everywhere that their ability would
nave been sufficient but for Silveira's UNI
toward action.
sILVEIRA A LITTLE MAN WITH LARGE
POCKETS
According to Frederick Upham Adams,
a magazine writer who has been with Sill
| veira in Cuba, Silveira is a little bit OF a man,
not five feet tall, and weighs less han ninety
pounds. His wife weighs over 200. Sill
veira lived we'll, hut not above his means.
His Offices were the finest in Havana and
he was celebrated for the originality and good
taste Of his entertainments Ten years
ago, according to Mr.. Adams, Silveira was a
clerk in a Havana bank. He became ASSOC
ciated with Ceballos shortly after Cuba
gained her independence. His principal
interests were in the Ceballoe Sugar Com
pany, which owns a great tract OF land in
the centre Of the island. 1t wa the money
for the running expenses Of the planta-
tons, according to Mr.. Adams theory,
that Silveria took with him aboard ship
when he disappeared.
Three years ago Cebal los and Silveira
bought land from Ciego de Avila on one
side OF the island to Jucaro on the other
side. The tract was thirty miles wide.
In the centre of this holding the town Of
Silveira was started and the work OF clear
ing 1900 acres Of tropical wilderness
begun. The work was TO be finished in
ninety days, according to the plans. Five
thousand laborers were hired and Gen.
Jose Miguel Gomez was engaged to whip
the force into shape. The work was done
on time, but shortly before its compile
1 ton President Palma, fearing, 1t IL said
that Gen. Gomez wOuld use his 5000 men
10 start a revolution, asked Silveira to dis
charge him. The request was granted and
Gen. Gomez retired to his home, where he
remained until put under arrest. When
the revolt came the hands on the sugar
plantation remained at their work and;
according to Mr.. Adams, the revolution
did not in any way injure the project in
which Silveira was most Interested. Mr..
Adams said that the sugar company had
contracted for a million dollar sugar mill to
be built in Glasgow and that he believes
il probable that Silveira had the money
TO pay for il in his possession. The sugar
plantation had a monthly payroll OF $50 900
and Silveira also had the handling of that.
According to Mr.. Adams's figuring. the
stockholders in the Ceballos company
stand to win on the plantation yet. He
says that 1000 acres OF cane were planted
last December and that the crop which will
be harvested next February and March
will bring "A net profit Of 81 10000.
Silveira, il is said by his friends in the
CITY, had large cattle interests in Venez-
uela. He is also known TO have a strong
friend in President Castro.
Mr.. Adams said last night that the De-
velopment Company Of cuba was not in
any way involved in the failure of Ceballos
4 Co.
Juan NJ. CebaIlOs transferred his resi-
dence at 2s Fast Sixty-second street on
June 10 last to a corporation called 078
Madison Avenue for "A nominal considera-
ton subject 10 a mortgage Of SIS 900. Johns.
Fiske, one Of the partners in j M. Ceballos
a Co., George l.. Strong. who is with that
Arm, and William q. Bates are the incor-
porators Of the realty concern. Mr.. Cebal-
los bought the prope rty in August, 1888,
for o 10000. The new corporation also
took title on June 10 to the adjoining prop
ety on Madison avenue for SS4 900. The
stockholders filed a consent to mortgage
the place. a mortgage of tl35 900 on the
two pieces of property. to the Title Gua
antee and Trust Company.