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 5 1/2%, the bank to collect 1/4% 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 tracks. A bloody skirmish was fought in Camaguey province. In Oriente rebels burned 200,000,000 Ib. of sugar cane at the Manati sugar mill. At Manzanillo a mob stormed the office of Cuban Electric Co. (subsidiary of Electric Bond & Share). Four trains were derailed. Another reached Havana bullet-riddled.

First rebel leader to be featured in dispatches was doughty old Colonel Aurelio Alvarez, veteran of Cuba's War of Independence. Having lost his four sons (killed allegedly by President Machado's secret police) he was reported in the field in Matanzas, heading a well-equipped raiding party.

Cuban rebels considered the Hoover Administration the chief prop of President Machado's regime. Prematurely last week they rejoiced at the inauguration of President Roosevelt, no friend to violence.

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