St. Paul daily globe
https://www.loc.gov/resource/sn90059522/1893-02-11/ed-1/?sp=6
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 Debt & FinanceMás sobre Deuda y finanzas
- The Kimball graphic · December 10, 189210 de diciembre de 1892
- The sun · March 23, 189323 de marzo de 1893
- The morning call · April 11, 189311 de abril de 1893
SummaryResumen
The *St. Paul Daily Globe* detailed the collapse of the Dutch Westendorp concession, which had issued millions in bonds to finance a railway between Puerto Plata and Santiago that remained largely unbuilt. Facing default and exhausted credit, the Dutch financiers negotiated a transfer of their Dominican debt claims and customs-collection rights to an American syndicate organized by New York financiers.
El *St. Paul Daily Globe* detalló el colapso de la concesión holandesa Westendorp, que había emitido millones en bonos para financiar un ferrocarril entre Puerto Plata y Santiago que permanecía en su mayor parte sin construir. Ante la suspensión de pagos y el agotamiento del crédito, los financieros holandeses negociaron la transferencia de sus reclamaciones sobre la deuda dominicana y de sus derechos de recaudación aduanera a un consorcio estadounidense organizado por financistas neoyorquinos.
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.
be emitted by tne Amsterdam
financiers. They floated the bonds
at so per cent of the
face value with interest at 0 per cent.
The purpose of the bands was internal
Improvements. San Domingo lan
guishes because she has not modern
methods of transportation from the in
terior to the seaboard. A railway be
tween Puerto Plata and Santiago de
Los Caballerqs, an inland city, has long
been the subject of discussion. The
bonds were issued to complete and
equip the railway. Only about eleven
miles of road are finished, and in addi
tion to the first t6,000,000 of bonds the
country has become responsible for
about (1,800,000 additional. The export
and import duties amount to about
$1,200,000 per annum. Of course work
on the railway ceased and, as there was
no credit to be obtained, San Domingo
was left in the condition of a man who
wishes to borrow without available col
lateral.
•'The Dutchmen became weary of
waiting and last winter a representative
of the Westerndorps crossed to New
York to ascertain if the ban Domingo
claims could not be transferred to citi
zens of tlie meat republic. A company
was formed to receive the Westerndorp
acquirements. The bonds held by West
erndorp Co. that were not floated
have been sent to New York and are
now in the vault of a trust company in
that city. Mr. Wells, of Brown Wells,
who conducted the transaction, came to
San Domingo City in December. lie
held consultations, and the result of
the negotiations was that the Dutch
concession has reverted to the
New Yorkers above referred to. There
How to cite this articleCómo citar este artículo
St. Paul daily globe. (1893). Saint Paul, Minn., 1893-02-11. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn90059522/1893-02-11/ed-1/?sp=6
ReferencesReferencias
Library of Congress, Chronicling America: St. Paul daily globe, 1893-02-11.
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