Springfield weekly Republican

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Dominican creditors. The modus vivendi

did not save Morales from political de

struction, for he was overcome and deport

ed by the revolutionists, and his vicemres

ident, Gen Caceres, installed as president.

But the modus vivendi did result very ben

eficially so tar as the little, republics

finances were concerned. For not only

did it lead to the deposit in New York of

$3,000,090, which will now be placed to

the credit of the Dominican government,

but that government has had more avail

able money during the period of operation

of the modus vivendi thap at any other

time in its history. This state of affairs

resulted from a more economical adminis

tration, the suppression of smuggling and

the encouragement of business. The Do

minican government also finds itself in

possession of four fine coast guard cutters

built in the United States, and forming an

effective force for the protection of the

customs revenues and available for all pub

lic 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. Recognizing the force

of the objections that developed to its

ratification, he set about recasting the

document, and February 19 last the treaty

which has just been ratified was submitted

to the Senate. The way had been paved

by an agreement between Fredefico Velas

quez, the Dominican minister of finance,

and the creditors of the little republic

whereby the latter agreed to a 50 pet cent

reduction in their claims if these were

How to cite this articleCómo citar este artículo

Springfield weekly Republican. (1907). Springfield, Mass., 1907-05-09. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83020847/1907-05-09/ed-1/?sp=8

ReferencesReferencias

Library of Congress, Chronicling America: Springfield weekly Republican, 1907-05-09.