New-York tribune
https://www.loc.gov/resource/sn83030214/1908-01-12/ed-1/?sp=5
In contextEn contexto
Theodore Roosevelt formulated the Roosevelt Corollary specifically for the Dominican debt crisis, placing customs houses under American receivership to ward off European gunboats.Theodore Roosevelt formuló el Corolario Roosevelt para la crisis de la deuda dominicana, colocando las aduanas bajo control estadounidense.
More on The Customs ReceivershipMás sobre La receptoría de aduanas
- New-York tribune · January 21, 190821 de enero de 1908
- Alexandria gazette · January 25, 190825 de enero de 1908
- The Topeka state journal · February 6, 19086 de febrero de 1908
SummaryResumen
The New-York Tribune reported on a debt settlement plan proposed by Dominican Finance Minister Velasquez to distribute cash deposited in the National City Bank pro rata and issue $16,000,000 in forty-year 5 percent bonds to foreign creditors. With no New York banking syndicate willing to underwrite the liquidation directly, Velasquez hoped European and American claimants—including the Santo Domingo Improvement Company—would accept the arrangement. The report noted that the United States would continue collecting Dominican customs duties to service the bonds and maintain a sinking fund.
The New-York Tribune informó sobre un plan de liquidación de deuda propuesto por el ministro de Hacienda dominicano Velásquez para prorratear los fondos en efectivo depositados en el National City Bank y emitir 16.000.000 de dólares en bonos a cuarenta años al 5 por ciento para los acreedores extranjeros. Al no hallarse ningún sindicato bancario neoyorquino dispuesto a suscribir la liquidación directamente, Velásquez esperaba que los acreedores europeos y estadounidenses —incluida la Santo Domingo Improvement Company— aceptaran el arreglo. El informe señaló que los Estados Unidos continuarían recaudando los derechos aduaneros dominicanos para atender el servicio de los bonos y mantener un fondo de amortización.
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.
000,00 cash which Sante Domingo has to her credit
in the National City Bank pro rata among the
creditors of the republic and to pay off the re
mainder of the indebtedness, about $16,000,000, with
the bonds of the republic at 98%; bearing 5 per
cent interest, maturing in forty years, and practi
cally guaranteed by the United States.
No syndicate has been foun® in New York which
cared to undertake the liquidating of the debt, but
Sefior Velasquez hopes that the creditors, in view
of the cash pavment he is prepared to offer and the
gilt edge character of the securities, will accept his
new proposition.
The creditors include citizens of Belgium, France,
Italy and the United States. The largest known
American creditor is the Santo Domingo Improve
ment Company, with an adjudicated claim of
$4,000,006. It is understood that a number of the
foreign cimims have been purchased by American
bankers, and there is some suspicion that American
interests have been at work to prevent the liquida
tion of thie debt as originally planned, but it is
hoped by the Dominican and American authorities
that the new plan will be accepted by the creditors
and that the entire liquidation may thus be ac
complished.
The United States, to all intents and purposes,
will continue to coliect the Dominican customs and
supervise the pavment of interest and the accumu
lation of a sinking fund to meet the maturity of
the securities.
THE ABYSSINIAN ATTACK ON LUGH
Commander of Native Garrison Killed in
in Last Charge—Few scape.
How to cite this articleCómo citar este artículo
New-York tribune. (1908). New York [N.Y.], 1908-01-12. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1908-01-12/ed-1/?sp=5
ReferencesReferencias
Library of Congress, Chronicling America: New-York tribune, 1908-01-12.
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