Show THE PROPOSED CUBAN BONDS It is probable that Cuba will find some JHllculty In Gelling the t Issue of SUOOOOOO of bonds that the Congress of that Island proposes to offer to the financial markets The bonds certain Iy I on their face should be attractive to buyers a thirtyyear gold bond drawing five per cent Is a fancy Investment In-vestment but sometimes investors look into the solvency of a concern before taking Its paper If they look Into Cuban Cu-ban affairs they will ilnd a large salary list t and uncertain balance sheets The new government apparently relics upon breaking down the American tariff on sugar in favor of the Cuban planters in order to pay expenses Thlj is not a cheerful outlook and neither is I it 1 a good explanation that is made of the purposes to which the money from the bonds sales Is to be applied The planters are to be helped which maybe may-be a continuous performance the debts contracted by the Cuban Junta In New York are to be paid and the liberating army by which is meant the humla of guerrillas that made such troublesome but Ineffective efforts toward independence independ-ence liberating nothing In to be paid The amounts to be devoted four millions mil-lions to the planters three millions for the junta and twentythree millions to the insurgent troops and the agitators for liberty It is In the latter amount we fear that the shortage will appear and In the claims for abandoned and destroyed de-stroyed property Cuba ahould apply herself to the development of a Hound financial policy instead of going Into debt a process which will certainly call for more and more debt on the name basin and for like purposes > nu 1 the claims which the proceeds of these bonds are to meet for the amountu stated are merely a beginning on these war claims The Junta in New York liitmed bonds on Cuba not lo the amount of three million dollars but by tho ten millions the property of pa riots destroyed during the war figures tip by the Hcorc of mlllionK and the pay l of ofilccru men and agitators must count up enormously It is a hard game on the new republic anti the bonds arc no doubt to bo followed In quick succession by other ISUUCB in fact an additional 1000000 issue seems to go with the first but to be redeemed by the larger Issue when sold Still I Turkey can sell bonds though stagger lag under n weight of debt lint crushes the country and the public often takes Investment In a Hurprlslng way so that after all these bonds may noil well But If they do and the country keeps on Issuing I the result will bo that Cuba will forfeit Its Independence and Uncle Sam may have to administer on lie lISIiOlfi |