CHASE BANK AND CUBA
EVIDENCE SUPPRESSED
"MIGHT LEAD TO VIOLENCE"
(Received October 27," 2 p.m.) WASHINGTON, October 26. .Further investigation into Chasa Bank affairs today resulted in the Senate Committee's suppression of evidence' contained in a letter regarding the, Cuban transactions owing to the fear that publication of the information "might lead to violence in Ciiba." The Committee decided to consider the data in a secret session. The letter was written by .Chase officials in. 1930, five mouths after the bank sold 40,000,000 dollars of Cuban bonds to the American public. It said "various members of. the Cuban Cabinet have a big graft" in waterworks construction. The letter read further: "Tho Amorican Ambassador is putting up the stiff opposition to any further waste of money," and recommended no further advances unless the bankers could control public works expenditures: Evidence was introduced that the. bank in offering Cuban bonds to the public in 1930 and listing its Cuban debts underestimated them "by the 40,000,000 dollars owed by Cuba to th« bank. '~
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https://paperspast.natlib.govt.nz/newspapers/EP19331027.2.105.3
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Evening Post, Volume CXVI, Issue 102, 27 October 1933, Page 8
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170CHASE BANK AND CUBA Evening Post, Volume CXVI, Issue 102, 27 October 1933, Page 8
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