New-York tribune

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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.

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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.

The modus vivendi, however, resulted beneficially,

as far as the little republic's finances were con

cerned. Not only did it lead to the deposit in New

York of £3,000,0. which will now be placed to the

credit of the Dominican government, but that gov

ernment has had more available money during the

period of its operation than at any other time in

its histqry. This stata of affairs resulted from a

more economical administration, the suppression

of smuggling and the encouragement of business.

The Dominican government also finds itself in pos

sesgion of four fine coastguard cutters, built in

the United States, forming an effective force for

the protection of the customs revenues and avail

able for all public uses.

The substance of the modus vivendi, in the shape

of a treaty, was pending before the United States

Senate when Secretary Root assumed office. Rec

ognizing the force of the objections which devel

oped to its ratification, he set about recasting the

document, and on February 13 last the treaty

which has just been ratified was submitted to the

Senate. The way had been paved by an agree

ment between Federico Velasquez, the Dominican

Minister of Finance, and the creditors of the re

public whereby the latter agreed to a 80 per cent

red ction in their claims if these were settled in

cash. A New York banking house undertook to

advance the money for this purpose, accepting for

the $20,000.00 per cent fifty-year bonds, which

will now be promptly issued, with the result that

all the ereditors of Santo Domingo will be em

How to cite this articleCómo citar este artículo

New-York tribune. (1907). New York [N.Y.], 1907-05-04. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1907-05-04/ed-1/?sp=1

ReferencesReferencias

Library of Congress, Chronicling America: New-York tribune, 1907-05-04.