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
March 11, 190011 de marzo de 1900 · New York [N.Y.] · Grant Annexation Debates & Bondholder PoliticsDebates de Anexión de Grant y Política de Bonistas

New-York tribune

SourceFuente: New-York tribune · New York [N.Y.] · March 11, 190011 de marzo de 1900
https://www.loc.gov/resource/sn83030214/1900-03-11/ed-1/?sp=22

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: New-York tribune · March 11, 190011 de marzo de 1900Later articleArtículo siguiente: Evening star · June 9, 19009 de junio de 1900 →

More on The Customs ReceivershipMás sobre La receptoría de aduanas

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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