1820–1984 · Library of CongressBiblioteca del Congreso · Chronicling America

US/DR Newspaper Timeline

The Dominican Republic in the American Press: United States newspaper coverage of the island, gathered and translated for readers in both languagesLa República Dominicana en la prensa estadounidense: la cobertura de la isla en los periódicos de Estados Unidos, reunida y traducida para lectores en ambos idiomas
November 2, 18972 de noviembre de 1897 · New York [N.Y.] · Grant Annexation Debates & Bondholder PoliticsDebates de Anexión de Grant y Política de Bonistas

The sun

SourceFuente: The sun · New York [N.Y.] · November 2, 18972 de noviembre de 1897
https://www.loc.gov/resource/sn83030272/1897-11-02/ed-1/?sp=6

In contextEn contexto

Grant Annexation Debates & Bondholder PoliticsDebates de Anexión de Grant y Política de Bonistas · 1865–1905

President Ulysses S. Grant championed a treaty to annex Santo Domingo (1869–1870), sparking a historic Senate battle led by Charles Sumner. Later coverage tracked President Ulises Heureaux (Lilís) and crushing European bond debt.El presidente Ulysses S. Grant promovió un tratado para anexar Santo Domingo (1869–1870), provocando una histórica batalla en el Senado con Charles Sumner. Informes posteriores siguieron al presidente Ulises Heureaux (Lilís) y la deuda externa.

← Earlier articleArtículo anterior: The herald · October 22, 189722 de octubre de 1897Later articleArtículo siguiente: The San Francisco call · December 24, 189724 de diciembre de 1897 →

More on Debt & FinanceMás sobre Deuda y finanzas

SummaryResumen

*The Sun* reported that an English company was replacing an American syndicate in managing Dominican customs duties and railroad concessions to secure foreign loan payments. The article traced the concession back to an earlier multimillion-dollar loan by the Amsterdam firm Westendorp & Co., which had financed a railroad from Puerto Plata to the interior. It noted that customs revenues subsequently declined due to poor crops, administrative mismanagement, and widespread smuggling.

*The Sun* informó que una compañía inglesa estaba sustituyendo a un consorcio estadounidense en la administración de las aduanas y concesiones ferroviarias dominicanas para asegurar el pago de empréstitos extranjeros. El artículo remontó el origen de la concesión a un préstamo multimillonario previo de la firma de Ámsterdam Westendorp & Co., la cual había financiado un ferrocarril desde Puerto Plata hacia el interior. Señaló además que las rentas aduaneras disminuyeron con posterioridad debido a malas cosechas, mala gestión administrativa y un contrabando generalizado.

Where this standsEn qué punto está

The full text of this article is still being prepared. Until it is ready, this page carries a summary, the passage found on the page, and the link to the original, which is always one click away.El texto completo de este artículo aún se está preparando. Hasta que esté listo, esta página lleva un resumen, el pasaje encontrado en la página y el enlace al original, que siempre está a un clic.

From the original pageDe la página original

The passage where this article was found, copied from the newspaper page itself, reading errors and all. This is exactly what the summary above is based on.El pasaje donde se encontró este artículo, copiado de la propia página del periódico, con sus errores de lectura y todo. Esto es exactamente aquello en lo que se basa el resumen de arriba.

V character not unusual; and, In fact, tho

:y$ i English company Is practically taking the

f$ place of an American syndicate that re-

j l; m celved, soveral years ago, a like control of

l' tho Import and export duties, to cover a

jv loan. The railroad concessions and control

J. which tho American syndicate has hither.

i t,, to enjoyed also pass to Its British successor,

J j k the latter paying to the former whatever

i j' the Dominican Government still owes It on

I tj account of its loan.

tj We may further point out that the orlg-

J;1 lnal holder of theso customs privileges was

j E the Amsterdam banking firm of Westen-

J Jf Donp Co., which made a loan of several

jj j; million dollars to San Domingo eight or

Ji nine years ago. It was stipulated that

K "Westendorp Co. should appoint their

j; own agents In collecting tho duties, that

J J these duties wero not to be altered without

r j, thoir consent, and that Holland should

h D0 the arbiter In disputes between

h a them and San Doming. The Amster-

Ij g, dam firm thereupon floated Its bonds,

it and of a total amount of $0,600,000

l) 4. American capitalists, wo think, took about

IP2,B00,000. San Domingo, with the pro-

ii cbeds, cancelled some old debts and began

5 work on the railroad running from Puerto

t a Plata to tho interior. But hard times came,

I it with poor crops, affecting the eiporU and

j f- there was also, it li said, mismanagement

I;j at tho ports and no little smuggllug, af.

m fectlng the imports. Tho receipts aro said

J l to have dropped from $1,700,000 In 1887

How to cite this articleCómo citar este artículo

The sun. (1897). New York [N.Y.], 1897-11-02. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030272/1897-11-02/ed-1/?sp=6

ReferencesReferencias

Library of Congress, Chronicling America: The sun, 1897-11-02.

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