New-York tribune

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customs administrative system of Santo Domingo

under the convention which the Senate ratified in

February, 1907. President Roosevelt's proclamation

and his executive order of July 25 197, réquire the

insular bureau to send one of {ts rgpresentatives to

Santo Domingo at least once every fiscal vear per

sonally to inspect and examine all the accounts and

records of the receivership.

Major McIntyre will not return to this country

until September 1. He said to-day that reports re

ceived here indicated that the receivership was

becoming more successful every month. There has

been no falling off, despite dull times, but a grad

ual increase in receipts, and this is to the advan

tage of the Dominican government, since the con

vention of 197 does not provide, as did the modus

vivendi of 1905, for the alienation of a certain per

centage of the revenue for the sinking fund to

meet the Dominican debt. Under the convention of

1907 the receiver, W. E. Pulliam, pays over to the

Morton Trust Company of New York, as fiscal

agent of the loan, $100,000 monthly, and turns the

balance over to the republic.

Major McIntyre said to-day that nearly $5,000,000

had been deposited by the receiver with the fiscal

agent in New York since April, 1905, $3.318.946 97

under the modus vivendi from April 1, 1905, to Au

gust 31, 1807, and that in the last ten months

$1,000,000 had been deposited in the sinking fund.

Approximately $2,000,000, or nearly half of what has

been turned oversto mest debts and claims, has

already been paid out of the sinking fund to cred

How to cite this articleCómo citar este artículo

New-York tribune. (1908). New York [N.Y.], 1908-07-16. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1908-07-16/ed-1/?sp=3

ReferencesReferencias

Library of Congress, Chronicling America: New-York tribune, 1908-07-16.