Rensselaer Journal, Volume 11, Number 20, Rensselaer, Jasper County, 24 October 1901 — Venezuela Has Not Paid Up. [ARTICLE]

Venezuela Has Not Paid Up.

The sum of SB,OOO became due this month to the United States from Venezuela on account of mixed American claims and it has not been paid. The claims arose out of damages sustained during the revolution of 1892. They were adjudicated between Venezuela and the United State?, and the former agreed to pay $2,000 a year in quarterly payments, with annual interest on the sinking fund, the payments to be divided pro rata among the American claimants. This is the first instance where Venezuela has defaulted on a quarterly payment.