The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-10-23
CUBAN CRISIS WILL
DISAPPEAR SHORTLY
Cuban Consul at the Port Of
Pensacola See Bright Pros
poets Ahead for His
Country.
(By Gabriel Angel De Amenabar,
Cuban Consul fer Pensacola.)

Cuban Consul for Pensacola.)
At tho beginning Of the great war.
Cuba was producing two millions and
I half tons or sugar per year. Sugar
went from cents to IA cents per
pound. The a5lies. by mediation OF the
United States government, requested
Cuba to produce all the sugar in their
power. with the object OF averting a
sugar CRISIS IN Europe. Cuba produced
A one year four million and nine thou
sand tons OF sugar. When the United
states went into the war, Cuba was
sho first Of the Pan-American coun-
tries 20 follow. and declared war
against Germany April Z. one day after
tho United States. with this act they
showed the United States their appre-
citation Of the help given them 2s
gears arc.
Cuba fought IS years Tor indepen-
dence, and won u with the help OF the
army ana navy Of the United States
"a 1898.
Then Cuba went into the great war.
@ho not only put thousands OF her sons
81 tho trenches. but the government
and people Of tho Grand Attilla put q
reasonable price on sugar during the
raE, which was sold at 4 cents per
bound. leaving q very small profit to
the producers. The Cuban tobacco was
also sold at q very low price 70 the
nTiea
Altar tho armiBtice ell official prices
On sugar disappeared, and went up to
IS cents per pound for raw sugar at
enc exchange 81 New York, whore
much speculation was made. Cuba did
not eeu any sugar. believing II would
reach 4 higher price. The banks made
aoanw 70 sugar plantations according
70 me price Of that time: and when the
prioe dropped the Cuban plantations
wera unable 70 collect the loans, fol-
lowing the liquidation q the National
bank % Cuba. spanish and Interna-
aona1 The foreign banks were able
&u resist the crisis with the help q
Ehair main offices.
Vvaah these conditions some scr1pu
goun people Of Cuba and foreign lands
put out notices Of alarm against the
situation Of Cuba, but after time all
these notices proved to be false and
conditions returned to normal: only Q
few sugar Plantations commercial
hoirwan and business people were ru-
med. but such as this Is happening all
over the world at the present time.
The Cuban government lost in the
liquidation OF the National Bank
twenty three million dollars, but you
can't Judge the loss Of the Cuban
government. when the government Of
the United States lost fifty million
dollars In the bankruptcy Of the Phil
ippine bank, and from this can't be
Judged the lmprovidenoe Of the gov
eminent 81 Washington, not saying
that the Philippine bank was older
than the Cuban. Neither were the
bankers IN Cuba TO blame when the
American bankers with more expert
enca cant stop the bankruptcy OF 2S
banks IA different states Of the union.
All this trouble is due to the Euro
pean nations who. to defeat Germany.
overturned the commercial progress OF
tho world, and 1t viii take many years
20 bring 1t back to normal. as in 1914.
The allies. to defeat Germany. spent
ali their resources mad mortgaged their
future for at least so years. not count
ing their internal loans and the SILL
900 600 that Is due the United States.
The situation la Europe can be
Judged BY the exchange In New York
before the war. Tho German mark was
worth csc in American money: the
French and Belgian franc zoe. the rtal-
ian Ira 19c and the sterling pound
$3.50. Now the mark Is less than one
cent. the franc 7c. the Ira DC and the
sterling pound $50.
With the above we can see that the
commercial competency Is going to be
very large, because all the European
countries have to produce MERIDIAN
disc Tor sale IN foreign lands with the
object OF brining money 70 pay their
sebta
The budgets Of European countries
show shortage very much larger
han their income.
The Cuban government never has
had a shortage in their budget, even
n the year OF the crisis. and now at
Ter the readjustment, have paid all
their debts, amounting 70 sixty-five
mllgon dollars. Cuba has left over
sight million dollars surplus.
The confusion that was provoked by
few enemies OF Cuba IS over and
ne calm and confidence returned. All
The Cubans are at present united and
without distinction OF political divi-
slons and ready to help in the work Of
reconstruction with great skill initi-
tied by the president OF the republic,
.ho notable lawyer. Doctor Alfredo
zayas. seconded BY members OF his
abinet. all pledging good faith TO re-
lew the riches Of the country as early
5 possible.
At the present time the government
ind people Of Cuba strive for the
modification sof the Fordney law,
which put big bars against the COM
aercial trade between Cunba and the
United states. charging the Cuban su-