The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-18
Mr.. Knox PLEADS
FOR N|CARACUANS
Asks Senate for Early Con-
sheraton of the Loan
Convention
NO UNPLEASANTNESS;
PEOPLE WANT PEACE
Brown Brothers and the Sc
ligmans Will Underwrite
Bonds, Settle Debt
Build Railroad

WASHINGION, March lin re-
Spouse to an appeal of the people OF
Nicaragua. Secretary Knox has asked
President Taft to urge consideration
OF the Nicaraguan loan convention.
which has been buried In the Senate
Committee on Foreign Relations for
more than a year.
The prompt action Of the United
States Senate on the Nicaraguan coa-
vention is anxiousiy and prayerfully
hoped for by the government and
people OF Nicaragua cables Mr..
Knox While / was In Nicaragua
but one request was made Of me,
and that by all classes of people:
Hap rs maintain peace: 4. = -----------
The secretary denies that there
were any unpleasant incidents dur
Ing his visit to Nicaragua: pro-
nounces his reception. both by the
government and the people, most
cordial and describes the agitators
against whom the government acted
while he was in Managua as "anar-
Chists ana Zeiayaists. who. II they can
get into print. are willing TO talk
long and fiercely."
Cnscttics Business.
Suspense caused by the failure OF
the United States Senate to act upon
the loan convention. declares the sec
rotary. Is damaging business and ere
ating unsettled conditions generally
throughout the republic. There Is
no silver coin In Nicaragua, tho eur
rency consisting solely OF nnconver-
uDle paper. and tho rate OF exchange
nuctu&tes upon the slightest provoca-
tion. At this time. says Secretary
Knox. every report from the United
States prophesying success or de-
Feat OF the convention sends tho rate
OF exchange up or down and booms
or depresses business throughout the
republic Panics spread through The
p0puiace 1t the merest rumor. and
the people are halted In their heroic
work OF reconstructing their govern.
ment by these unstable conditions.
Mr.. knox's request is made In a ca
pie dispatch To Acting Secretary or
State Huntington Wilson for tra.g.
mission TO President Taft. On the
ground that it Is the duty OF the
United States. from a broad national
and International standpoint of peace.
heipfulness and commerce, the Pres
ident Is again urging the Senate TO
prompt ratification OF the convention.
Cry 10 For Peace.
NCNfN@ny NHoA y CauteBrAm reads,
In rart:
After bloody revolution To over
throw a regime whose cruelty and ha q,
tyrannies are not comprehended BY
our people. Nicaragua Is making an
earnest effort to reconstruct lis gov
ernmcnt- What we were compelled tn
do for Cuba, Nicaragua has done for
herself. and the United States is In
q position to do for Nicaragua what
Kx.rs6 4 ~
blood or treasure. While in Nicaragua
but one request was made OF me and
that by all Classes OF people: Help
Us to mainfAir peace
Contentmert and repose, they are
confident, will follow a revival OF
business. Their own willingness and
ability to help themselves they Illus
-trate by uotnting to the fact that with
in eleven months after overthrowing
Zelaya Nicnrngua was exporting pro-
duets planted by the women while the
mon were carrying on the revolution.
Appeals Are Earnest.
The earnestness Of the appeals to
the United States for that degree of
helufuiness which the treaty would
afford In most pathetic The treaty
has had the approval OF the Nicarguan
congress. OBJECTIONS 10 II are heard
only from those IN NicarEua who
WUNA0 pNtpNtuaNc lHc OIU QJuET, ana
the country and It's people exploited
BY ruinous concessions and monopolies
which the government IL now reducing
to equitable proportions through tho
reconstructive efforts of high minded
and keen American experts"
The terms Of the loan to be made 10
Nicara qua under the convention were
learned here today. Brown Brothers
Il Company and J. and W. Seligman,
bankers Of New York. have proco~ed
t0 lran .Nic.Era suA'S 81 s00e. 900. taking
the bonds ri y01-2 nj per cent. BY
this loan Nica,a<ua's currency and tax
collections will be reformed from top
70 bottom: her foresSn debt VIII be
assumed by the bankers. the war
claims rendinx AGAINST her a. Z re-
suit of the Z%aisva revolution will be
ertfled and railroad viii be con-
StYuc4ed thst- viii rive Nicarasua o.
rect characterization from tho Atlantic
20 the Pacific ocean.