The Birmingham age-herald
https://www.loc.gov/resource/sn85038485/1907-05-04/ed-1/?sp=1
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 · May 4, 19074 de mayo de 1907
- Abilene weekly reflector · May 9, 19079 de mayo de 1907
- Springfield weekly Republican · May 9, 19079 de mayo de 1907
SummaryResumen
The Birmingham Age-Herald reported that the 1905 modus vivendi deposited 55 percent of Dominican customs receipts in New York, accumulating $3,000,000 despite the overthrow of President Morales and the elevation of General Caceres. Secretary Root later recast the pending treaty after Dominican Finance Minister Federico Velasquez negotiated a 50 percent cash settlement reduction with foreign creditors. A New York banking firm agreed to advance the necessary funds by accepting $20,000,000 in 50-year 5 percent bonds, consolidating all foreign debts into a single entity.
The Birmingham Age-Herald informó que el modus vivendi de 1905 depositaba el 55 por ciento de los ingresos de aduanas dominicanos en Nueva York, acumulando 3.000.000 de dólares a pesar del derrocamiento del presidente Morales y la asunción del general Cáceres. Más tarde, el secretario Root reformuló el tratado pendiente después de que el ministro de Hacienda dominicano, Federico Velásquez, negociara con los acreedores extranjeros una quita del 50 por ciento mediante pago en efectivo. Una firma bancaria de Nueva York acordó adelantar los fondos necesarios aceptando 20.000.000 de dólares en bonos a 50 años al 5 por ciento, consolidando todas las deudas externas en una sola obligación.
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.
time. This placed an American collector
in charge and provided for the deposit.
In New York of 55 per cent of the customs
receipts for the benefit of the Dominican
creditors. The modus vivendl did not
save Morales from political destruction,
as he was deported by the revolutionists
and his vice president. General Caceres,
installed as president. But the modus
vivendl did lead to the deposit In New
York of $3,900,000 which will now be placed
to the credit of tlie Dominican govern
ment. That government has had more
available money since the modus vivendl
was established than any other time In
its history'. The Dominican government
also finds itself In possession of four
coust guard cutters built in the United
States.
The modus vivendi was formed after a
treaty pending before the United States
Senate when Secretary Root' assumed
office. Ho recast t:.» document, and ».b
ruary 19, last, the treaty which has just
been ratified was submitted to the Senate.
The way had been paved by an agreement
between Federico Velasquez, the Domin
ican minister of finance, and the creditors
of the republic, whereby the latter agreed
lo a 50 per cent reduction In their cluims
If these were settled In cash.
A New York banking house undertook
to advance the money for this purpose,
accepting $20,000,000 5 per cent fifty-year
bonds, which will now be promptly Issued.
Thus all of the creditors of Santo Do
mingo will be embodied In this New York
firm.
The new treaty provides In Its first ar
tlole for the appointment by the President
How to cite this articleCómo citar este artículo
The Birmingham age-herald. (1907). Birmingham, Ala., 1907-05-04. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn85038485/1907-05-04/ed-1/?sp=1
ReferencesReferencias
Library of Congress, Chronicling America: The Birmingham age-herald, 1907-05-04.
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