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Albuquerque Morning Journal
Albuquerque, Bernalillo County, New Mexico
What is this article about?
US Senator Stone opposes blockade of Bluefields, Nicaragua, criticizes potential exploitation of Nicaraguan finances by a US syndicate, and advocates for diplomatic relations with President Madriz. Secretary Knox denies knowledge of such syndicate.
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BLOCKADE OF
BLUEFIELDS
Sees No Reason For American Hostility to Madriz; Scents Scheme to Exploit Nicaraguan Finances,
[By Morning Journal Special Leased Wire]
Washington, June 25—In the senate today Senator Stone said he had been informed that a syndicate had been organized in the United States to exploit the finances of Nicaragua and that the syndicate had been represented in Washington by a former high official of the state department. Senator Stone said there was no sound reason why the United States should not establish diplomatic relations with Madriz. The idea of this government protecting Americans at Bluefields, the senator ridiculed, declaring the only Americans there were engaged in doubtful enterprises or were adventurers.
Secretary Knox declared he knew of the existence of no such syndicate such as mentioned by Mr. Stone and was certain that no such proposition had ever been laid before him or even discussed.
It has been suggested that the senator had in mind a proposition broached by President Taft in his Pittsburg speech and referred to by Secretary Knox in his recent speech at the University of Pennsylvania at Philadelphia looking to a readjustment of the debt of Honduras and that he had fallen into error on that account.
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Foreign News Details
Primary Location
Nicaragua
Event Date
June 25
Key Persons
Outcome
secretary knox denies existence of syndicate; suggestion that stone confused nicaraguan issue with honduran debt readjustment.
Event Details
In the US Senate, Senator Stone opposes American hostility towards Nicaraguan President Madriz and a potential blockade of Bluefields, claiming a US syndicate aims to exploit Nicaraguan finances via a former State Department official. He ridicules protecting Americans there as adventurers. Secretary Knox denies any such syndicate or discussions. Suggestion that Stone mistook it for Taft's proposal on Honduran debt.