Show NEED MONEY TO AVERT CRISIS 4 to Cuban Government to Circulate Among Subjects t TARIFF DUTIES INCREASED t i LOAN iOAN TO BE jE NEGOTIATED AT AT ONCE MONEY FOR IOB PLANTERS 4 I W TORK TORE Aug 4 The first im hn important ImI S 1 NEW I work of 01 the Cuban eon con congress gress gIes is ii approaching a conclusion after a Bitting of or a little more than two twoS thE thEAt At atur a nights night session of 0 the 1 th a iy was wal prepared for circuiting lating n throughout the island by y approving the house hou e eill Ml ill for or the circulation of ot this amount The money it is believed will have hae havethe haet the t effect of ot relieving considerably the present pr nl crisis The Cuban C ban congress it advisable to aid the sugar planters pending effort efforts to obtain reci reel r at Rt the th next n fl pension IH of o the American r n rs TV Tb is also nl o recognized of ng th the debts contracted by the Cu Mn 1911 It Junta of New N w York in aid of the thet th ut tilt t revolution and to pay the ng army arm Authority has haq be ben been n granted grant d for th appointment of a commission to fix and andI I 4 T the amount due the army ormy General Gomez probably will be the chairman n Palma Falma to Be Authorized president Palma will be authorized to borrow in American gold led ind national 5 per pert t nt bonds within six months Four million dollars doU rs will be b applied to the aid of or the cane vane anta nt the We agricultural ri and cattle vittie industry gen trail trall The Th muey money will bo be loaned at ath ati h hp ralf i atc of lj 6 50 cents for fr ever every er o II of sugar r grown In the thc last la t crop cr Tr is ty ip 11 F lo br ir II Mar Mat hand h i and df r next year d ln 6 ner cent interest it The T bond ti i will ill have haye the custom cosom house housSe re f ip s as a guarantee for the repay 11 o If f the S president Palma Fauna will Ill be he authorized in t r the unlit duties on certain accordingly he e pst est st of the th loan will ivill be beus beu us u ool i j for fr the payment pa of debts contract H bj by 1 the New York junta to support th h revolution amounting to about 3 It r 00 al also so o for payments of or the thc nerv servi nervI i I if lr f the army amounting to 23 3 Within Terms of Amendment Tn To bring thIs loan within the terms cf tf r the Platt amendment and other pro of or the Cuban constitution the congress tongres before adjourning JI il i provide roide a way wa to pay Interest and andI I ni ill p tabli ih a sinking fund to redeem i th p I This Tit probably will be done don by means N Cf M i a stamp It an tax Any balance of 01 the loan han vc 11 il be 00 applied to agriculture at atthe atthe the discretion d of o congress Th foregoing has been en substantially apt roved by b congress con rf l only the details remaining for tor discussion which will vIll begin ln Monday in public sessions Tt Ss is bei eed ed such Nuch a loan can be ne nt and taken care carf of without n at difficulty It will iii be Cubas only debt Business depression in Inthe the tho t and nd poverty in the country arp r nt not d ing There hae have been 3 1 failures In th the last hist twelve n against twentythree the year no not t 1 eder the amendment the I state IP Is I bound to take nn d lt f ew action of or the Cuban sov gor SO relating ng to loans d Article two of o that amendment pro ile il That said Mid government shall not as aC assume sume or er r any an public debt to toW tor W Ply r the interest upon which and to akA Ke reasonable sinking fund pro for fY the ultimate discharge of nun hI th tb ordinary revenues of the Island I I and Ind td of uba after defraying dt th the cur ur urton ton Bf expenses of the government shall le Je Thinks Revenues Will Suffice Xo o computation c n has been made to whether w or not the loan pr pro f for ft r Jn In n the bill which Minister iU Wre refers to trespasses upon the ion of f the Platt amendment but butt butH H t is Presumed that the Cuban revenues fl 1 rd d thc interest and a i fun fund beside defraying the or 01 ort t thary of ot the government ns as asro FT ro O Hd in the amendment At t tl ti tho amt ame time it will no doubt j ife uM U i erv difficult to interject this ram i r provision as the question C I may maj ma fluctuate according to toli Th li i n in the island igland It ia is i n the intention of article 2 as tr On t provide against any an irv i sue of bonds for the purpose rf e the bonds of the 1 r previous to the Spanish Amer arl a 1 and the payment of large MJ b to those thosA who had taken tak n part 11 Ir th i against Spain tt intended as ag a check upon the B n KT In the matter of In Inn n d although it car ear cars t s 8 1 1 1 ision Indicating what would 1 F th p hUon tion of or the United States Slates Fh Eheal tho r ban Uban government exceed tb the Prohibited by b the theis nt 1 1 is j there anything in the ment the indicating what steps lr t t i T fl would take to determine till Th th h n H th fh the indebtedness was beyond J r or whether it would ir th tb incurring of such indebted I s |