The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-12
Guatemala All But De-
llvered Over to Amer
lean Syndicate.
GERMANS ANGRY
O V Err VICT OR Y
Concession Is Ono Of Creates,
Ever Won by Capitalists Of
. Any Country-Believed Adj
ninistration Is Backing
Move. Which Is Of
Strategic Importance.
Especial to The Times Dispatch.

Especial TO The Times Dispatch.
New iorls. March ii.-Aftcr Il strus-
Elc. which has been goiut. on 10, three
years during which German OPPOSE
ton ana local prejudice have hau 10
be fought constantly. the RICH; to de-
Fclop Tie vast mineral wealth OF
Guatemala has at last been secured
b, q. group OF American capitalists At
the head Of this combination are for
fner Governor y. y. SprisGS OF Mon
tana former Senator William 4.
Clark. Of that State. and a number OF
capitalists closely identified with the
Guggenheim interests. frcncl, CAPT
tai Is also invested In tho deal
Tie terms Of the concession. which
has been signed by Prcsidcn; Don
Manuel Estrada Cabrera are of the
proaueat character They practically
urn me central American republic
oyer TO The syndicate. Not only arcai
public lands in Guatemala turned over
10 the Americans for exploration ana
development. but the right also is
given thcm to build railroads and
bridges where they see 1T. to use the
great waterways OF the republic FOR
their own purposes, to BUN aud ope-
"''s '"ie6 : aPn ana telephone lines. III
tact. to do about as they please
One Little Formally.
Just one little forinality remains TO
be arranged before The Americans.
WHO arc operating under the iitle OF
the Qua tcinala Mining and Develop.
lnent Company. can exercise the priv.
tleses which President Cabrera has
signed over to them. The form. OF tic
concession must be approved by Inc
[ q m "a ~ NAT
Assembly is now in session. hut tho
concession has not Vet been presented
10 IL The New Workers interested Il
me enterprise, among whom arc Con-
gresham William Sulzer. say the ma
toi VIII be closed next week but there
arc ALREADY rumors Of an opposition.
based OH the claim that President
Cabrera and his cabinet have prac
'icaiiy solo everything in the republic
worth having to the Americans and
nave not received an adequate price
In return.
Behind this opposition are the Ger
man conccssionaires In the ropubIio
"illc there arc many OF these their
tlololiiES arc insignificant compared TO
he gran which the Americans have
made Nevertheless, they. arc said IN
he very bitter over the situation ,s-
Pccialiy so since they learned ma,
french capital is represented in thc
american syndicate. and TO be de-
terinincd to stir up all the trouble pos
Siblc 80
Gives Ten Fer Cent.
nc terms made by the syndicate
Win Cabrera are that 10 Der cent or
the net profits OF any enternr,.n ~
americans start shall be paid into The
treasury Of the republic The opposition
- Claiming that the relations between
.he Guatemala administration ana
r ~ Is too friendly to suit them.
Ihey insist that If the concession IS
~ &c ratlned by the National Assembly
one OF the terms shall be:
All controversies nd dimcultics
sinai DC submitted for final settlement
70 the President of the United states
OF america, whose rulings will be ma
and eXecutory."
The syndicate, according TO report.
docs not want to include these terms IN
INC contract. and President Cabrera is
reported to bd willing to oblirc II
What the National Assembly will 10
remains TO be seen. The Assembly, ac-
cordinE TO the Guatcmalan law. con
Vehcs on March l each year and sits
until May /. The President Of the re :
public has the right to extend the scs
sion one month but no longer. It is
mandatory on the Assembly TO adjourn
oy June at the latest
Among financiers. the deal which tho
SprigSs- Clark Guggenheim syndicate
mas practically brought to a successful
contamination Is regarded as one Of the
biggest things which has ever been
accomplished by a group of American
capitalists. Those who arc familiar
win the facts say that It amounts to
tho purchase by American interests of
everything worth having in Guatc-
tnala AS ono man put it to-day:
It's the first time in the history Of
the continent that a country has been
pought outright just as a housewife
would buy a spool OF thread If the
deal Is ratified there is nothing left
In iuatemala for the Guatcmalans save
that 10 per cent. Of tho profits which
the syndicate has promised Cabrera 20
turn into his treasury. It's no wonder
the Germans. who have been develop
ing the rubber, coffee and other in
dhStries or the country, should be sore.
They Have Everything.
so far as the mining concession is
concerned. the Amerieens have every
thing. There arc soifie German con
cessions OF mineral lands, hut they arc
small and the holders Of them will be
crushed to death Il they attempt to
fight the syndicate
It was also pointed out to-day tina
The American invasion Of the Central
American republic Is of great strategic
Importance to tho United States. and
that the syndicate has the backing of
the Taft administration. Tho govern
ment influence behind the capitalists,
however cannot. or course, openly
manifest itself
The syndicate picked a most favor
able time for It's negotiations with
Guatemala. Tho country has heen In
a bad financial state for years, and re-
peatedly has tried to get large loans
In this country. 1t is stated that It IS