THE CUBA RE\MEW 



Vista en Isabela de Sagua, puerto de Sagua, en la provincia de Santa Clara. 

 A scene at Isabela, the port of Sagua, Santa Clara Province. 



New Tobacco Combination 



It was learned November 15th, says the 

 A^ew York Journal of Commerce, that ne- 

 gotiations looking to the formation of a 

 tobacco combination to take over various 

 concerns in Cuba are in progress. Among 

 those interested in the project are R. R. 

 Covin of the banking firm of H. B. Hollins 

 & Co. and a director of the Havana To- 

 bacco Co., William H. Butler -and George 

 P. Butler. The legal end of the deal is 

 being handled by Krauthoft', Harman and 

 Mathewson. 



Questioned in regard to the proposed 

 plans, Mr. Covin said : "I am not prepared 

 to say anything at this juncture. The 

 corporation which is in process of forma- 

 tion will not be antagonistic to the Amer- 

 ican Tobacco Co. It will be an independ- 

 ent concern. If the present negotiations 

 are carried out successfully, the company 

 will start with a large business." 



The name of the new concern is the 

 Compania Nacional de Tabacco, Habano, 

 which filed articles under the laws of South 

 Dakota November 15th, with a capital 

 stock of $15,000,000 consisting of $10,0000,- 

 000 common and 5,000,000 7 per cent non- 

 cumulative preferred. The incorporators 

 are : Rafael R. Covin, William H. Butler, 

 George P. Butler, Benjamin S. Harmon, 

 Clarence de Vere, Edward J. Patterson, 

 L. L. Stephens. The new concern will 

 make a feature of cigars and cigarettes. 



No More Disturbances 



Edmund G. Vaughan, president of the 

 National Bank of Cuba, who has left for 

 Cuba after a brief stay in New York City, 

 takes an optimistic view of prospective 

 conditions in the island. The sugar crop 

 of last year representing a total value 

 of approximately $120,000,000. which is 

 one of the largest yields in the history of 

 the island, Mr. Vaughan declared that the 

 prices, realized for the crop, were satisfac- 

 tory. "In view of the fact that the sugar 

 planters have had such a prosperous 

 season," he remarked, "they contemplate 

 making improvements and extensions in 

 various directions, including the erection of 

 new mills. 



"While the recent cyclone did injury to 

 the new seed bed of tobacco and postponed 

 the crop," he continued, "yet in a com- 

 mercial way it did comparatively little 

 damage in other respects. 



"From an all-around standpoint I can 

 say that business on the island is in a 

 very satisfactory state. Collections have 

 been good, and the financial status of Cuba 

 is steadily improving. As showing the 

 growing importance of. the island from a 

 financial standpoint, our cash movement at 

 the head office now averages about $2,700,- 

 000 per day. 



"The political situation is quiet, and all 

 indications suggest that anything approach- 

 ing disturbance is a thing of the past." 



A nev.' postoffice has been opened at the 

 town of Jamaica, situated on the Guan- 

 tanamo railroad in the province of Oriente. 



An electric light service and the first 

 water power system to be established in 

 Cuba was inaugurated in Aguacate, Octo- 

 ber 30th. The power house is seven kilo- 

 meters from the town. 



