FINANCES FOR CUBA
CHASE BANK ACTIVITIES. (United Press Association—By Electric Telegraph—Copyright.) Received October 27, 1.10 p.m. WASHINGTON, Oct. 26. Further investigation of the Chase Bank to-day resulted in the committee’s suppression of evidence contained in a letter regarding the Cuban transactions fer fear tha.t publication of the information “might lead to violence in Cuba.’’ The committee decided to consider the data at a secret session. The letter was written by Chase Bank officials in 1930, five months after the bank sold forty million dollars of Cuban bonds to the ' American public. It said: “Various members of the Cuban Cabinet have big graft” in waterworks construction. The letter also stated that the “American Ambassador was putting up a stiff opposition to any further waste of money” and recommended no further advances unless the bankers could control public works, expenditure. Evidence' was introduced that the bank, in offering the Cuban bonds to the public in 1930 and listing the Cuban debts, underestimated them by forty million dollars owed by the Cuban bank. ,
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Bibliographic details
Manawatu Standard, Volume LIII, Issue 284, 28 October 1933, Page 2
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170FINANCES FOR CUBA Manawatu Standard, Volume LIII, Issue 284, 28 October 1933, Page 2
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