Industrial Cuba: Being a Study of Present Commercial and Industrial Conditions, with Suggestions as to the Opportunities Presented in the Island for American Capital, Enterprise, and LabourPorter, Robert P. (Robert Percival)
History
Industrial Cuba: Being a Study of Present Commercial and Industrial Conditions, with Suggestions as to the Opportunities Presented in the Island for American Capital, Enterprise, and Labour
Porter, Robert P. (Robert Percival)
Cuba -- Description and travel; Cuba -- Economic conditions
The same causes demoralised the Cubans. They were reared in luxury and
idleness and looked upon work as fit only for slaves. The owners of
plantations were rich men, their children were educated abroad, and, as
a rule, spent most of their time in foreign travel. A large proportion
of them were simply alien landlords. Unskilled in business, when the
change took place and the slaves were freed, these people were not
prepared to meet the new conditions which confronted them and to adjust
themselves to a new form of life. Here the Spaniard, who is always
anxious for gain, took advantage of the situation, and at the end of the
rebellion of 1868-1878 the Cuban planters, who were formerly rich, found
themselves impoverished. Their slave labour had been taken from them,
their opportunities for further employment of contract coolies had been
lost, and they found themselves in need of outside assistance. The
Spaniards and some others responded by advancing money to them at the
current rate of interest (twelve per cent.), but the planters,
unaccustomed to economise, could not pay expenses and interest, and year
by year their debts grew heavier. Some managed to continue operations,
but many broke down under their burdens and their plantations went to
satisfy their creditors, chiefly Spaniards. Short of labour, the crops
declined; and to add to their troubles, beet-sugar made its advent. The
European beet-growers, with a clear knowledge of conditions in the
Island, were quick to take advantage of them and push their product
forward to supply the Cuban cane-sugar deficit, and so successful were
they that at the end of the insurrection of 1868, say in 1878, Cuba was
practically bankrupt. Competition with the European beet-growers was
difficult, and it was impossible to induce capital from the United
States to restore the sugar industry of Cuba, owing to a lack of
confidence in the stability of the government of the Island.
[Illustration: CANE CUTTERS.]
Public-domain text, read in full here on John Shaqi.
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