CUBA: Machado & Roosevelt

First attaching a stout string, Manhattan's Chase National Bank last week extended its present $20,000,000 credit to the Cuban Government for another two years. The string: extension is to be by successive 60-day renewals of the principal at 5½%, the bank to collect ¼% commission on each renewal.

Armed revolts against the Machado Government were admittedly in progress last week in Cuba's eastern provinces, but there seemed to be no coordinating leadership, no Revolution with a big R. Bands of guerrillas raided towns and military outposts, burned plantations, cut wires, dynamited railroad...

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