The Dominican Loan in London.
https://www.loc.gov/resource/sn83030313/1852-08-26/ed-1/?sp=1
In contextEn contexto
On February 27, 1844, Los Trinitarios proclaimed Dominican independence. American press coverage surged with reports on the new republic, repeated Haitian invasion threats, diplomatic recognition appeals, and southern schemes to secure Samaná Bay as a naval base.El 27 de febrero de 1844, Los Trinitarios proclamaron la independencia. La prensa estadounidense cubrió la nueva república, las invasiones haitianas, llamamientos de reconocimiento diplomático y proyectos para adquirir la Bahía de Samaná.
More on Sugar & TradeMás sobre Azúcar y comercio
- Weekly national intelligencer · June 12, 185212 de junio de 1852
- The New York herald · September 1, 18521 de septiembre de 1852
- The republic · December 18, 185218 de diciembre de 1852
The fact is believed to be simply that the President was authorised in 1851 to negotiate for a loan, but that such a loan would require the sanction of the Legislature, and that it is doubtful if this could be obtained for anything like the amount named. At the same time, it is impossible to comprehend the purpose for which it can be required. The depreciated paper circulation might be bought up for £30,000, and the idea of a State with only 200,000 inhabitants, and scarcely yet sure of its independence, or secure from the domestic intrigues peculiar to all races of Spanish origin, taking upon itself a debt of £760,000 simply to promote enterprise and immigration, is preposterous. The interest and sinking fund upon this would be nearly £60,000 per annum, and the entire revenue of the republic is supposed not to exceed £60,000. If the country, after a war with Haiti, and experiencing financial difficulties, should be in a condition to need an advance, it is not such an exaggeration as is likely to take place at present; and, as far as regards the promoters of enterprise, it will be enough if the English public deal with any specific project that may be brought forward, after a due examination of their merits. That many such exist there can be no doubt, and as Samana, cases will from time to time present themselves cannot be questioned. If the country were in a settled state, its situation on the highway from Europe to Nicaragua, together with its natural resources, it must be admitted, that an abundant supply of bituminous coal, and a soil of the highest fertility, would scarcely fail from this period to insure its rapid progress. Whatever may be the real prospects of its welfare, they are certainly not such as to lead to any expectation that the annual interest on £760,000 could be met, or that such a loan, although raised professedly to develope the resources of the country, could operate in any other way than to corrupt and encumber it. At the same time, the position of Dominica, as regards the probable course of the future commerce of the world, is so important as to render it desirable that an in cr
Dateline as printedLugar y fecha según el original
[From the London Times, Aug. 13]
From the original pageDe la página original
The passage where this article was found on the page, copied from the newspaper itself, reading errors and all.El pasaje donde se encontró este artículo en la página, copiado del propio periódico, con sus errores de lectura y todo.
of its welfare, they are certainly not such as to lead
to any expectation that tho annual interest on
.?760,000 could bo mot, or that such a loan, al
though raised profossedly to develope the resources
of the country, could operate in any othor way thin
to corrupt and encumber it. At the samo time,
the position of Dominica, as regard.- the probable
course of tho future commerce of tho world, is so
important as to render it desirable that an in
creased knowledge should be cultivatod of the va
rious advantages it presents. The republic com
prises about two-thirus of the Island of Hayti, and
tonus that part of it which is nearest to this coun
try: tho western side, or Hayti proper, being under
i the despotic authority of the black Emperor Sou
i louque. But although the Dominican republic is
much larger than Hayti, its population is only about
200,000, while that of Hayti is estimated at 700.
1100. The Dominicans are of Spanish origin, and
consist of about one-third whites, and a small pro
twrtion of blacks, the remainder being a mixed raco.
The Haytiens belonged to a French colony, and are
all black, no white persons being allowed even to
hold land or property of any kind in tho coun
try. From the overthrow of the Spanish power,
in 1*21, up to ItMi, the entire island was un
der the Haytien government as one republic,
but in the latter year, owing to the violation by
the llaytiens of the terms on which tho annexa
tion of Dominioa had taken plaoe, and their re
fusal to permit the immigration of white colonists
How to cite this articleCómo citar este artículo
The New York herald. (1852). New York [N.Y.], 1852-08-26. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030313/1852-08-26/ed-1/?sp=1
ReferencesReferencias
Library of Congress, Chronicling America: The New York herald, 1852-08-26.
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