THE CUBA R E \' I E W 



&S 



Jeffrey Conveyers and 

 Elevators for Sugar Plan- 

 tations and Refineries 



Illustrdlion shoios part of a Jeffrey Con- 

 veying System for handling bagasse or 

 Crushed Cane in a Porto Rican Sugar Mill 



Write for information and prices on a 

 Conveying Sifslem for your requirements. 



JEFFREY MFG. COMPANY, COLUMBUS, 0. 



Agent: P. D. DE POOL, HAVANA, CUBA 



EQUIPO ELECTRICO para INGENIOS DE AZUCAR 



ELECTRICAL APPLIANCE COMPANY 



205-7-9 CHARTRES STREET NUEVA ORLEANS, La., E. U. A. 



EL ALMACEX MAVOK EX AMERICA DE APARATOS V ENSERES EI-ECTRRi )S 



We are Headquarters 

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CHARGES LAND FRAUDS 



Boston despatches to New York news- 

 papers said that the appointment of a 

 receiver for the International Fruit and 

 Sugar Company is sought in a bill brought 

 in the Superior Court of Massachusetts 

 on March 11th b\' Charles O. Whitmore, 

 of Hartford, Conn. The company was 

 organized under the laws of Arizona and 

 has its business offices in Boston. The 

 petitioner asks for an injunction to re- 

 strain the officers and directors from dis- 

 posing of certain real estate, bonds and 

 stock of the company and to restrain the 

 International Trust Company, of Boston, 

 from releasing any land subject to the 

 mortgage that it holds thereon. The de- 



fendant officers and directors named were 

 George F. Davis, of Toronto; Ira G. Ross, 

 of Boston, and E. Edward Rice and 

 Charles F. Hill, both of Brookline. 



The complaint further asks th-at the 

 trust company be directed to foreclose its 

 mortgage of $400,000 and that the bonds 

 held by the individual defendants be de- 

 clared void because issued without valuable 

 or adequate consideration. 



It is alleged that the company was used 

 by the individual defendants in a scheme 

 to defraud. They were officers in that 

 company and in the Canadian Cuba Land 

 Company. It is charged that the indi- 

 vidual defendants caused the Canadian 

 company to transfer to the fruit company 

 at a grossly excessive price forty thousand 

 acres of land in the Province of Pinar del 

 Rio, Cuba. It is alleged that $400,000 was 

 the price, of which $350,000 was in cash 

 and $.50,000 in bonds of the fruit company. 

 The land was placed with the trust com- 

 pany as trustee to secure a mortgage exe- 

 cuted to secure the issue of bonds by the 

 fruit companv. The latter was capitalized 

 at $1,900,000.' 



It is charged in the petition that the 

 land was worth only $50,000. It is alleged 

 that the fruit company offered the stock 

 and bonds to the public, that it falsely 

 represented the property to be worth 

 $2,000,000 and that the business was that 

 of a going concern. The petitioner charges 

 that the defendant diverted money raised 

 from the sale of stocks and bonds to its 

 own use. 



