OCR Text |
Show AMERICANS GET VALUABLE RIGHTS New York. June 3. L. A. Sarecky, Fecrctarv to ex-Oovernor A F,. Sprlggs.'or Mnnt-na -m-l It. - '"' ness associate of Senator W. A. Clark, i has received a cohlr-crun fror- ernor Springs wty Is now In Gnate- 1 mala City, announcing that the national na-tional assembly of Guatemala Just -before Its ttnnl adjournment. ITiS . the mining and public concessions granted bv P cedent Cabrera to the Guatemala Mln'ng & Development comranv. of which Governor Spriggs Is resident. This moans Mr. Sarecky declared, that a group of American bankers anl mining ope-ators have c"t pos"oslon of practically all the mineral wea'th .an franchlso rights of the Republic of G'tatpma'a tn develop as long as thev continue profitable The agreement agree-ment requires only thBt tho American syndicate sha'l pay the government 10 nor cent o' the not nroOts. It gives them the exclusive rlcht to explore all lands within tho Republic of Guatemala Guate-mala that shows slcns of minerals. Mr Sarecky is authority for the statement that Cabrera and the national na-tional assembly have nractlcallv turned turn-ed the entire republic over to the American company. In addition to receiving tho rlrht to take up public lands, the company receives exclusive ripht to use all waterways, to construct con-struct and control roads, railroads, bridges, tolcuhono and telegraph lines and all public utilities. "Our charter Is as broad as It possibly pos-sibly can be," said Sarecky. |