THE CUBA REVIEW 



15 



RAILROAD CHANGES HANDS 



The Moron and Juraco Railroad has 

 passed from the control of Jerry J. War- 

 ren to a corporation called the North and 

 South Railroad, says the Havana Post. 



This road is owned by the government 

 who some years ago leased it to Warren 

 and Marribon at a nominal rental, the 

 lessees obliging themselves to build two 

 sugar mills on the right of way. 



One sugar mill was built and an exten- 

 sion of time was granted by the govern- 

 ment on several occasions. 



yir. [Nlarribon died some time ago and 

 Mr. Warren has now disposed of his in- 

 terests in the franchise. 



In the new company are Jose [Miguel 

 Tarafa and R. Truffin. 



Senator Jose Maria Espinosa is also in- 

 terested with the aforenamed men in a 

 new sugar mill which is to be erected 

 about twentv-five miles from IMoron. 



PROTECTING POLICY HOLDERS 



A bill designed to protect policy holders 

 in investment companies existing or about 

 to be organized has been submitted to Con- 

 gress. It also includes suret\", loan, build- 

 ing corporations and insurance companies, 

 exacting deposits from all ranging from 

 $50,000 to S200,OC0 in cash or its equivalent 

 in municipal or government bonds before 

 they can do any business, and as a guaran- 

 tee that none of the policy holders shall 

 be obligated to their prejudice b}- any of 

 the resolutions, rulings or other charter 

 changes which may be made by the com- 

 panies after the date of incorporation ; that 

 all fraudulent wording of certificates or 

 other malicious dealings of the companies 

 shall be dealt with under the provisions of 

 the penal code. In the case of domestic 

 surety companies the deposit is made SlOO,- 

 000, and for foreign surety companies, do- 

 ing business in the countrj-, the deposit is 

 fixed at $200,000. 



Other pro^^sions of the bill are all that 

 foreign companies doing business in Cuba 

 shall acknowledge by means of a public 

 document that they will submit themselves 

 in all cases of litigation between them and 

 private citizens or with the state, province 

 or municipality to the jurisdiction of the 

 Cuban courts. 



R.'MLROAD COMMISSION APPRO\'ALS 



The railroad commission has approved 

 the project of the United Railways of Ha- 

 vana to uhite the Regla line with the 

 branch from Guamacaro, Havana division. 



It also approved plans for a railroad be- 

 tween the towns of ^layajigua and 2^Ioron, 

 Camaguey Province, there being no com- 

 peting line. 



A NEW HA\ANA RACE-TRACK 



Another winter of horse-racing is a 

 promise of the near future for Cuba. H. 

 C. Brown has secured a considerable con- 

 cession iri Cuba, and work will be rushed 

 for the building of a thoroughly modern 

 racecourse. The new track will be in the 

 Almandares River district, and it is in- 

 tended to e.xpend $350,000 in its construc- 

 tion. 



Xine or ten turfmen of wealth and im- 

 portance are associated with !Mr. Brown in 

 ins newest venture. He has laid plans for 

 an elaborate program that will bring to 

 his course a first-class lot of horses, and 

 with the eas}- and fast methods of trans- 

 portation excellent reason is found for his 

 belief that the track will prosper. 



Race meetings have been held before in 

 the neighborhood of Havana, but they have 

 not been financially successful. The fail- 

 ure could be traced largely to the fact that 

 the purses hung up were not of sutiicient 

 value to attract the good horses, and the 

 management has on other occasions been 

 more concerned over the returns from the 

 betting ring than from the sport itself. 



All this will be changed under the direc- 

 tion of ^Ir, Brown. 



PRESTON CUSTOM HOUSE MO\'ED 



By decree of the president, the Xipe 

 custom house, which has been located at 

 Preston, has been transferred to Antilla. 



Telephone service between Havana and 

 Guanabacoa across the harbor was re- 

 sumed June 4th. The old ser\-ice was des- 

 troyed by the 1906 cj'clone, and ever since 

 that date there has been no connection. 

 The service now installed is the trunk Une 

 service of the Cuban Telephone Company, 

 connecting direct with all the s^'stems in 

 Havana. 



^Ir. Xathaniel Tooker, vice-president 

 and a director of the Cuban-American and 

 several other sugar companies, died June 

 Sth in X'^ew York. 



Besides his connection with the Cuban- 

 American Sugar Company, Mr. Tooker 

 was vice-president and a director of the 

 Chaparra, the INIercidita and the Tinguara 

 sugar companies and also a director of the 

 X'ational Sugar Refining Company and the 

 West India Land and Trading Company. 

 He was seventj'-seven years old. 



The strike of the tobacco leaf selectors 

 at San Antonio de los Baiios, who were 

 demanding that the prices paid them shall 

 be made in United States currency, instead 

 of Spanish gold, is ended, with the ques- 

 tion left pending for future consideration. 



