VENEZUELA’S DEFIANCE.

Gisborne Times, Volume VIII, Issue 702, 23 December 1902, Page 2

VENEZUELA’S DEFIANCE.

VBLE TO EXfST ON ITS o\\ N RESOURCES. y Telegraph—l’ress Association—Copyright New York, Dec. 21. The opinion in Trinidad is unfavorable! > the blockade in Venezuela, which it is onsidered is able to exist on its own reources for many months. Tho stoppage i trade would be more harmful to Triniad than Venezuela. A SCHOONER SEIZED AND DISMASTED. PANIC CAUSED BY BLOCKADE. 3y Telegraph—Press Association—Copyright New York, Dec. 22. Tho German cruiser Falko captured, off Marakaibo, u Yeuezuela schooner. Aftor Hitting out tho mast tho schooner wa3 abandoned. Great Britain blockades upward of half the Venezuelan coast, including La Guayrn and ports eastwards. The announcement of tho blockado caused a panic at Caracas. Several largo failures uro imminent. London, Doe. 22. The New York correspondent of the Times states that Great Britain initiated the proposal that President Roosevelt should arbitrate, which Germany and Italy adopted. It is believed that if tbo Allies waive guarantees President Roosuvolt’s acceptance of tho request is certain. BRITISH WARSHIP AGROUND. LIKELY TO REMAIN SOME TIME By Telegraph. Press Association. Copyright London, Dee. 22. Tho British sloop of war Fantomo is hard aground at Barrancas, ono of tho mouths of the Orinoco. It is feared that she will remain some tiuio as the river is falling. ___________