“Some interesting facts were developed before the Foreign Affairs Committee of the House today. B. F. Guerra, Deputy-Treasurer of the Cuban Republic, appeared with his books, and they were inspected by the Committee. He explained that of the $10,000,000 in bonds authorized ... the lowest price at which any were sold was 25 cents on the dollar.... One million of the bonds were locked up in the safe of Belmont and Company, of New York, to be sold when the price fixed, 45 cents on the dollar, had been obtained.
“... Mr. Guerra was asked about the Spanish-Cuban bonds issued against the revenues of the island. He replied that he did not know their amount, which report placed at $400,000,000.... Deputy-Treasurer Guerra was also before the Senate Committee on Foreign Relations today. He said the Cuban bonds which had been sold had been disposed of for an average of about 40 cents on the dollar....
“Some of the Republicans in Congress ... are investigating the question as to whether the United States under international law, if it intervened in Cuba and cut off the revenues, could be held responsible for the Spanish bonds, said to aggregate $400,000,000, which have been issued against the revenues of the island. Mr. Bromwell says he is looking into the question, and finds some warrant in law for such responsibility....
“Congressman ‘Blank’[167] in the House on Monday, said he had $10,000 worth of Cuban bonds in his pocket ... while H. H. Kohlsaat, in an editorial in one of the Chicago papers, charges the Junta with offering a bribe of $2,000,000 of Cuban bonds to a Chicago man [to one man!] to use his influence with the administration for the recognition of the provisional government....
“Mr. Guerra made the somewhat startling statement that a man representing certain individuals at Washington has sought to coerce the Junta into selling $10,000,000 worth of bonds at 20 cents on the dollar. ‘This man practically threatened us that unless we let him have the bonds at the price he quoted, Cuba would never receive recognition. He said he was prepared to pay on the spot $2,000,000 in American money, for $10,000,000 of Cuban bonds, but his offer was refused.’”
As the possibility of “good things” increased, the statesmen’s tender hearts were deeply stirred, naturally, and they set up a melodiously patriotic howl for intervention. Many powerful newspapers were turned upon the public to “work” the working class, and soon tens of thousands of humble fellows of the working class were wild with eagerness to rush to the front and “help the poor Cubans.”