19 The sad example of the trusts established in the United States show that capitalists are heartless, even where the welfare of their own countrymen is concerned.
Once in their clutches, Central America would become, sooner or later, what Costa Rica is now on account of its concessions to the United Fruit Company, but as already stated economic aid, rendered in a desirable manner, is the most effective way to secure peace in Nicaragua and, little by little, in all of Central America.
Nicaragua wishes and has need of a loan of 15, 000, 000, under the protection of the American Government.
It would use 5, 000, 000 in the payment of the English debt and 10, 000, 000 in the founding of a national bank, to be established in Managua, with a capital of 40, 000, 000 of paper money, the ten millions in gold being deposited in the treasury of the bank. The United States lenders should have a representative in the board of directors at Managua, and the American Government another representative on the same board. The revenues of Nicaragua should be collected by this bank, which would also disburse the national expenditures, and a sufficient balance would remain to be devoted to several works of progress, such as the Rama Railway, the Matagalpa Railway, and the opening of the large Atlantic rivers. Let these railways be national, and let neither the United Fruit, or any other trust from the north, come to assist us to build them and kill Nicaraguan industry. believe that the American government on account of the morality and prosperity of its people, which ought to be the first concern of every government, would be more willing to patronize this method of affording protection to