40 



THE CUBA REVIEW 



HAVANA 



THE 



TRUST COMPANY OF CUBA 



HAVANA 



CAPITAL $500,000 



SURPLUS 250,000 



TRANSACTS A 



GENERAL TRUST AND 

 BANKING BUSINESS 



REAL ESTATE DEPARTMENT 



EXAMINES TITLES, COLLECTS RENTS 

 NEGOTIATES LOANS ON MORTGAGES 



Correspondence Solicited from 

 Intending Investors 



OFFICERS 



Norman H. Davis ----- President 



Oswald A. Hornsby - - - - Vice-President 



Claudio G. Mendoza - - - Vice-President 

 J. M. Hopgood ------ Treasurer 



Rogelio Carbajal ------ Secretary 



W. M. Whitner - - Mgr. Real Estate Dept. 



CRITICISM OF CUBA'S COINAGE PLANS 



Secretary of the Treasury Caucios' coin- 

 ing plans do not appeal very strongly to the 

 editor of La Lucha. who voices his scepticism 

 editorially as follows: 



"This is all very nice written down on paper. But i t 

 looks to us that the only thing lacking is the gold and 

 the silver on which Sr. Cancio lays his hope for all the 

 beautiful things which he paints to us. As far as we 

 know gold and silver are now quite scarce, and those 

 who hold it in Europe would not let go of it for any- 

 thing in the world. 



But what can you do when our principal financier says 

 so — a fact that does not prevent us from asking Sr. 

 Cancio where he expects to get the guarantee to have 

 a gold supply to which shall respond to the enormous 

 difference to be obtained by the treasury in coining 

 silver, and much more when he has gone as far as to 

 include in the proposed revenues for 1915—16 the am- 

 ount of $1,500,000 as a probable earning from the im- 

 plantation of the new currency. 



Besides this, we do not believe there is any nation in 

 the world that makes fifty per cent profit from coining 

 money; there must be something of a tropical phantasy 

 in all this, with the result that we may at some future 

 time hear Sr. Cancio saying: "Well I thought it so." 



On the other hand we find that the country has a big 

 outstanding debt and the deficit continues to grow 

 larger, something which does not appear to worry Sr. 

 Cancio who is talking of getting out a new currency 

 before the sugar crop is over. But it may be perhaps 

 that he is in possession of secret information which 

 tells him what is going to happen. It may be also that 

 he is nothing but a close student of all the variety of 

 books regarding the theory of money making, but no 

 more, and that is not sfuficient to hold the finance 

 portfolio of any country." 



The Royal Bank of Canada 



EUNDADi) EN 180'J 



Capital $11,500,000 



Fondo de Reserva 13,500,000 



Activo Total 180,000,000 



Trescientas Treinta y Cinco Sucursales 



New York, corner William and Cedar Sts. 



Londres, 2 Bank Buildings, Princes St. 



Veinte y Tres Sucursales en Cuba 



Corresponsales en Espaua e Islas Canarias y Baleares 



y en todas las otras plazas bancables del Mundo 



En el Departamento de Ahorros se admiten depositos 



a interes desde Cinco Pesos en adelante 



Se expiden Cartas de Credito para viajeros en Libras 



Esterlinas o Pesetas, valederas estas sin descuento 



alguno 



Sucursales en la Habana 



Galiano 92, Luyano 3, Monte 118, Muralla 52, Linea 67, 



Vedado 



Oficina Principal - - - OBRAPIA 33 



Administradores 



C. C. PINEO R. DE AROZARENA 



Established 1844 



H. UPMANN & CO. 



BANKERS 



TRANSACT A GENERAL BANKING BUSINESS 

 Correspondents at All Principal Places of the Island 



Safe Deposit Vaults 



Manufacturers of the Famous H. Upmann 

 Brand of Cigars 



FACTORY: OFFICE: 



Paseo de Tacon 159-168 Amargura 1-3 



Established 1876 



N. GELATS & COMPANY 



BANKERS 



Transact a general banking busi= 

 ness — Correspondents at all the 

 principal places of the world 



Safe Deposit Vaults 

 Office: Aguiar 108 



EARNINGS OF THE SANTIAGO ELECTRIC 

 LIGHT AND TRACTION COMPANY 



1914 1913 



October, gross $38,539 $38,451 



October, net 18,113 16,731 



First 10 months, gross 386,476 378,988 



First 10 months, net 188,580 169,776 



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