New-York tribune
https://www.loc.gov/resource/sn83030214/1900-03-11/ed-1/?sp=22
In contextEn contexto
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.
More on The Customs ReceivershipMás sobre La receptoría de aduanas
- The Indianapolis journal · February 5, 19005 de febrero de 1900
- New-York tribune · March 11, 190011 de marzo de 1900
- New-York tribune · March 11, 190011 de marzo de 1900
SummaryResumen
The *New-York Tribune* reported further statements by Judge Durham concerning the collapse of the Dominican currency system under late President Heureaux. Durham disclosed that Heureaux systematically evaded agreements with the San Domingo Improvement Company by shifting printing plates between American firms to produce excessive quantities of unauthorized paper money. This unchecked currency inflation created widespread commercial distrust, leaving the Improvement Company with large unusable balances and bringing local commerce to an abrupt standstill upon the president's death.
El *New-York Tribune* informó sobre declaraciones adicionales del juez Durham relativas al colapso del sistema monetario dominicano bajo el mandato del difunto presidente Heureaux. Durham reveló que Heureaux eludía sistemáticamente los convenios con la San Domingo Improvement Company transfiriendo matrices de impresión entre compañías estadounidenses para fabricar cantidades excesivas de papel moneda sin autorización. Esta inflación monetaria desmedida generó una desconfianza comercial generalizada, dejando a la Improvement Company con abultados saldos inutilizables y paralizando repentinamente el comercio local tras el deceso del mandatario.
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.
sugar product. Yet this is the principal product
the Government depends upon to meet the demands
of the San Domingo Improvement Company in its
handling of the revenues. How is the Government
going to better this situation? It is absolutely
necessary that there be a reduction in this taxation
that we may succeasfully market our product in the
United States. At the same time the Government
has an equally urgent necessity for Increased reve
nues. The late President had at one time twenty
five clerks employed signing this paper money. The
issue was authorized by the San Domingo Improve
ment Company to the extent of about a million,
but when the President began the issue he had
coritrol of the plates and went on issuing. The
improvement company tried to get control of the
plates, but as fast as they traced them the Presi
dent changed them to some other printing estab
lishment in the United States and the company
was unable to control the issue. The company fit
self had agreed, in order to give them circulation,
to accept a certain per cent In customs duties, but
so great was the issue that the company found
itself In gsession of $400,000 of the money that it
was unable to dispose of. The abundance of this
money created general distrust, and when the
President was assassinated there was practically
no currency in the {sland and business was at a
standstill.
A NATIVE WHO WOULDN'T ACCEPT GOLD.
“We could buy no meat of any kind for three
days, and our people llved on what ‘hey could
pick from the trees or had in the way of fowl I
How to cite this articleCómo citar este artículo
New-York tribune. (1900). New York [N.Y.], 1900-03-11. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1900-03-11/ed-1/?sp=22
ReferencesReferencias
Library of Congress, Chronicling America: New-York tribune, 1900-03-11.
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