Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-01-20
THE SERPENT'S TRAIL
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Morse began to look into some OF
the leads, suggested by the accounts
of Pavenstedt, who helped Hugo
Schmidt to handle the Bernstorff
'slufsh fund"
$4,000 Nest Egg Laid Up.
He found that Pavenstedt had in
one of his personal transactions sold
New York city bonds and bought
$4,000 of republic of Cuba bonds,
which he had sent to II. Upman & Co.
of Havana to keep for him. This in
dictated that Pavenstedt feared an
ultimate exposure of his activity in
America and that he was laying up
a nest egg to which he could flee in
the event of trouble,
But why in Cuba? 1t was from
Pavenstedt's bank account and CORE
spondence that New York saw the
learned that in February of 1914
Pavenstedt and Bolo Pasha had had a
rendezvous in Cuba; that the sauve
Levantine had gone there at the be-
hest of a French banker. an Alsatian
under suspicion for rather dubious re-
lations with Germans, and that there
it was schemed to found a band. For
what? For Der Tag"--a channel for
corruption in Latin America when
war came.
In the examination of Pavenstedt,
which was recommended in the Morse
report, when questions about meeting
Rolo in Cuba he admitted it, saying,
Yes, he had been stranger to me-
He was very well introduced by init
mate friends sand he was very polite
man and a very amiable man and we
lived in the same hotel. | saw quite
lot of him there"
DoGshbag for Latin America.
All of which is on the surface en-
tirely innocent. But Bolo went to
Cuba to organize a bank under the
French camouflage that he al
ways cast about him, and Pavenstedt
went there to confer concerning this,
When war came, why not this bank
of Bolo's for "doughbas" for Cen
trail and South America?
There was obtained a letter written
by Pavenstedt on May 10, 1914, to one
Henri Bauer of the banking house of
Porter & Co., in Paris. Bauer was in
vestigated by the secret police for his
part in handling the finances of Bolo.
In writing to him relative to the
opening of this bank in Cuba prepar-
atory to the war, Pavenstedt said;
IL too, was deceived on the situa-
ton. having believed that President
Menocal (of Cuba) was entirely un-
der the Influence of the American
group. And / tell you in truth. even
now, after having been treasured by
Mr.. Bolo on the situation, / am still
completely astonished with the sue
cess that Mr.. Bolo has had In Havana
in actual transactions. All that ! can
say is that it has been a great pleas
ure TO me to make the acquaintance
of your envoy. who is decidedly an
extraordinary man, and who without
ever having been in Havana has DOM
mated the terrain perfectly. after a
sojourn of only few days. Knowing
the terrain from the bottom he on his
road with the probabilities of success.
1t will interest me very much to
know what means a stranger like Mr..
Bolo has been able to employ in these
delicate and complicated affairs in
order to make himself master of the
situation in so short time
Who Were BOlo's "FTiends?"
AS Pavenstedt had been, the attor
ney generals office was decidedly in
in how Bolo had been able to
had. That Pavenstedt subsequently,
got the information was obvious from
the fact that when he got ready to
lay up his nest egg he sent 1t to Cuba,
to Fl. Upman & Co. In connection
with Bolos trail into Cuba and the
ease with which he accomplished
things there. an unsigned letter came
to Mores office, processing to tell
who were the "old friends whom
Pavenstedt says had introduced him
to Bolo in Havana. The informant
asked: Were they Carlos Upman of
the German banking firm of II. Up
man & Co., or Jose Marion. president
Of the Spanish bank of the island at
Cuba? Or Steinhart of the Havana
electric railway, or Manuel LUCIANO
Diaz of the light and power Com
These and others with local
and international corporate interests
in Cuba were thought to be closely
,llied to the German financial ring.