Salt Lake Telegram | 1922-08-06 | Page 1 | Cubans Promise Recognition of Foreign Rights

WHOSE: REGQGNlTIOn OF FDREIGTJ RIGHTS i Secretaries of State and ' Treasury Foresee Dangerous Danger-ous Possibilities in Lax-nets Lax-nets Toward Obligations ECONOMIC STABILITY I IS PRIMARY OBJECT Efficient and Honest Admin-! istration Sought as Means of Renewing Confidence Formerly Felt by U. 3. HAVANA, Cuba, Aug. I (By A. P.) Decisive ataps will ba taken daring th coming weak to apply remedies demanded by th Cuban government's financial altustloa. It waa stated today to-day by Carlo M. d Caapodfai. secretary secre-tary of atata. who characterise tha present atatua of affair a "full of dangerous possibilities." "Greater delay sr a mistake In the mrana belnc sought," be declared, "may causa th Immediate exereiss of foreign rights, which. It la felt, wa ara not guaranteeing, and tha fulfillment fulfill-ment of duttea concerned with the economic stability of tha government which for tha good of tha country wa Cubans are la honor bound to carry out." . WILL PERMANtNT. Na mora, temporary stabilisation of Cuban finance will ba approved by tha American government, according to tha secretary, who asserted that tha United Stats expects from congress con-gress and the executive only what could be required of any good government gov-ernment arr efficient and honaat administration ad-ministration and tha bringing to Jus-lies Jus-lies of those) responsible for frauds Bafora tha Washington government will approve th contention of additional addi-tional liabilities, either as exterior ev Interior loan ta meat Cuba's overdue current Indebtedness, Mr. da Caspoaaa continued, ths reforms enumerated lu th thirteenth Cro-ar dee memorandum must be carried out. Administrative reforms war being suggested under tha rlghta conferred by the permanent treaty between ths two republics, ha assarted, as friendly counsels. In order not to affect Cuba's poaltlon among tha nations, . aa It would ba If Intervention, which also Is provided for In th treaty la case of necessity, wars resorted to. IS UP TO CONGRESS. -Only congress can solve tha present pres-ent situation, which la vary grave," It was stated by Colonel Manual da Desnaigne. th new secretary of th treasury. Publication of these statements by two leading members of ths Zayas cabinet Is believed to have been In-spired In-spired by tha .presentation of General Gen-eral Crowder's fourteenth memorandum, memoran-dum, in which ha Inslstsd ' upon prompt action by tha government on his previous recommendations. These included, aa vital preliminaries to borrowing bor-rowing the amount needed to liquidate liqui-date approximately $M,0O,00d In currant cur-rant obligations, tha adoption of ' revenue rev-enue measures, to. assure tha prompt payment of national obttgatloM, and tha prosecution or- those criminally responslhls for the existing chaoa In tha government's finances.