Daily press. [volume] (Newport News, Va.) 1896-current, 1910-06-26
AMERICAN SYNDICATE
10 EXPLOIT FINANCES
Member OF Upper Branch Declares HE
Has. investigated Affairs Between
the Two Countries and Finds
Things Nest Acknowledgements
matte Relations Differ.
CBy Associated Press,

WASHINGTON. ID. c., June 20
In the senate today Senator Stone
stated that he had been informed that
a syndicate had been organized in
the United States 10 exploit the
finances of Nicaragua and that sydi-
cate had been represented in Wash
:ngton by a former high official of
the state department.
Senator Stones statement was
made in the course of speech fol
lowing the introduction of resolution
by the senator directing the commit
lee on foreign relations to make a
general investigation as to the rela-
tons between the United States and
the government of Nicaragua. The
resolution would direct special inquiry
into the question whether the proper
ty right or lives of citizens OF the
United States had been in jeopardy in
Nicaragua and especially ''To ascer-
tain whether any effort had been
made by persons representing financ-
ial interests in the United States to
refund or otherwise. control the adjust
ment of the debt of Nicaragua and if
so in what manner and TO what ex-
tent any such effort has been made
and carried on"
Astounding Things.
Il have looked into this affair with
care and ] want to say that I have
found numerous things which. to me.
are most astounding" said Mr..
Stone. Among others. have discov-
cred that the government of Madriz.
maintains the customary diplomatic
relations with practically every gov
eminent of the world except the
United States, and / am unable to
discover any sound reason why this
government should not establish such
relations.
So far as | am informed" said
Mr.. Stone. Il am inclined to believe
the principal of American interest.
concerned in this controversy, relate
to speculative advances made by
certain Americans on speculative
basis to the revolutionary forces I'M
Ger General Estrada. and still more
TO the point. the interest o. a syndi-
cate of American financiers and
bankers. organized or professionally
organized, as ! am advised. With a
public debt of nicaragua and other
Central American countries. somewhat
on the line upon which the debt of
Santo Domingo was managed and
disposed OF. My information is-and
have every reason to believe in
formation well founded-that a FORM
or high official of the state depart
ment is the representative in Wash
ingt0n of that syndicate. If this story
he really true. and | fear there Is
too much truth in il for the good of
our country. then there are millions in
ii for somebody"
CuIIou Doesn't Believe 1t.
In response Chairman CulIom. of
the committee on foreign relations.
said the secretary of state had made
a full and satisfactory explanation
to the committee. Mr.. Cuilom an
nounced his disbelief that any one
connected with the state department
had been guilty Of any wrong do
ings.
The resolution was referred to the
committee on foreign relations.
Knox Knows Nothing Of H.
The attention of Secretary Knoy
vas drawn TO the statement made On
the floor Of the senate this afternoon
by Senator Stone. Of Missouri. TO the
effect that he had been informed tina.
a syndicate had been formed IN this
country TO exploit the finances OF
and that II was represented
IN Washington by former high Of
Fetal Of the state department. The
secretary very promptly declared that
&c knew Of the existence Of no such
proposition had ever been laid before
I'm or nEcn discussed