The daily worker
https://www.loc.gov/resource/sn84020097/1925-11-08/ed-1/?sp=4
Passage summaryResumen del pasaje
The *daily worker* criticized the $25,000,000 loan floated in the United States for the Dominican Republic, claiming that customs revenues collected by the American receiver-general served primarily to enrich Wall Street bankers. The article alleged that when Santo Domingo began retiring its debts too quickly, Secretary of State Hughes made troop withdrawal contingent on treaties that ratified military decrees, expanded receivership powers, and secured a new loan. It asserted that these treaties were secretly negotiated in 1924 prior to American military evacuation and national elections.
El *daily worker* criticó el empréstito de 25 000 000 de dólares emitido en Estados Unidos para la República Dominicana, afirmando que las rentas aduaneras recaudadas por el receptor general estadounidense servían primordialmente para enriquecer a los banqueros de Wall Street. El artículo denunciaba que, cuando Santo Domingo comenzó a liquidar sus deudas con excesiva rapidez, el secretario de Estado Hughes condicionó la retirada de las tropas a tratados que ratificaban los decretos militares, ampliaban las atribuciones de la receptoría y aseguraban un nuevo préstamo. Aseguraba que estos tratados se negociaron secretamente en 1924 antes de la evacuación militar estadounidense y de las elecciones nacionales.
StatusEstado
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Located passage (Library of Congress OCR)Pasaje localizado (OCR de la Biblioteca del Congreso)
The passage located on the source page, in the Library's own OCR. The SHA-256 digest in Provenance is computed over exactly this text; recompute it to verify.El pasaje localizado en la página fuente, en el OCR propio de la Biblioteca. El resumen SHA-256 de Procedencia se calcula sobre exactamente este texto; recalcúlelo para verificar.
loan of 125,000,000 to be floated in the
United States. The bulk of the cus
toms revenues collected by the Amer
ican receiver general is applied to
paying off the American bankers; only
what is left is turned over to the
Dominican government.
The purpose of these treaties was
to extend American control over the
Dominican republic. America’s excuse
in 1904 for invading Santo Domingo
was that the native government was
having trouble with foreign creditors,
chiefly France, which threatened to
send warships to collect the debts
claimed by its bondholders. In 1922,
when Santo Domingo’s bonds were
held by American bankers, the state
department thought that the Carib
bean republic was paying off its debts
too rapidly, and was approaching the
point where it could claim complete
freedom. In June 1922 Secretary of
State Hughes announced that the
United States would withdraw its
troops, if Santo Domingo signed
treaties recognizing all the acts of the
American military occupation, extend
ing the 1907 treaty until its debts to
American bankers were paid o(T, ex
tending the powers of the American
receiver general of customs and open
ing the way for a new loan by Amer
ican bankers. If these treaties were
ratified, Secretary Hughes declared,
elections could be held for a native
government and the United States
troops would be withdrawn.
Resist Loan.
rpHE treaties were secretly nego
tinted in 1924, after which- Amer
ican troops were withdrawn and the
present native government of Santo
Domingo was elected. When the se
ProvenanceProcedencia
Record: cr01812-1
Located-passage SHA-256: 3e15ecfff60ff6b0df8617567804f0fefcd5de174868369ccdf248fa42816fd5 (over the passage text above)
Source page OCR SHA-256: 9c4679543d2d8533214e310506304790c7e93b99530ee832016e1e25c10bf8c7
Cite this recordCite este registro
The daily worker. (1925). Chicago, Ill.;New York, N.Y., 1925-11-08. US/DR Newspaper Timeline, record cr01812-1. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn84020097/1925-11-08/ed-1/?sp=4
ReferencesReferencias
Library of Congress, Chronicling America: The daily worker, 1925-11-08.