The sun
https://www.loc.gov/resource/sn83030272/1886-02-16/ed-1/?sp=3
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 Emporia weekly news · December 10, 188510 de diciembre de 1885
- Staunton spectator · December 16, 188516 de diciembre de 1885
- The Columbian · December 18, 188518 de diciembre de 1885
SummaryResumen
The report describes the Dominican government's costly borrowing, including a recent loan of $150,000 made in Puerto Plata at a stated two per cent a month, of which the government actually received far less, and the Puerto Plata syndicate's plan to issue $500,000 in paper currency. It says the country's only hopes of relief are a commercial treaty with the United States or American capital at a reasonable rate, and praises United States Consul H. C. C. Astwood for settling American claims, including a $63,000 indemnity for the widow of Piatt, an American carpenter shot by government troops.
El informe describe los costosos préstamos del gobierno dominicano, incluido un préstamo reciente de $150,000 hecho en Puerto Plata a un declarado dos por ciento mensual, del que el gobierno en realidad recibió mucho menos, y el plan del sindicato de Puerto Plata de emitir $500,000 en papel moneda. Dice que las únicas esperanzas de alivio del país son un tratado comercial con los Estados Unidos o capital estadounidense a una tasa razonable, y elogia al cónsul de los Estados Unidos, H. C. C. Astwood, por resolver reclamaciones estadounidenses, incluida una indemnización de $63,000 para la viuda de Piatt, un carpintero estadounidense muerto a tiros por tropas del gobierno.
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.
syndicate. During recent years tho rute of In
terest has been reduced from time to tlmo until
It reached three per cont, per month.
To decuivo the public a recent loan was ef
fected In Puerto Plata of (150.000 nt. it wits
stated, two per cent, per month. The Govern
ment received from the syndicate (130.000. less
seven ar cent,, nnd then agreed to pay two por
cent, per month on the $150,000. so that it
might apponr to the public that only Interest
at that reduced rato was being paid. Tbo
Puerto Plata syndicate has become emboldened
by Its success, nnd Is now planning to issue
(500.000 In paper currency under its on u gunr
tintoe. and propose for the lu'esont making this
tho circulating medium of the country. This
scheme has gone so fur that it is understood
that a well-Known Now Vork house has by this
time got the ordur for tho printing of the bills.
Notwithstanding this fnet. Congress nnd tho
merchants of the city of ban Domingo will op
pose tbe matter. The latter, with the assist
ance of Mr. Alexander Bbird. tho English cap
italist who Is building the railroad here, havo
established n bank with a eash capital ot $75.
000. Their ratos of interest are proportionate
with tbo risk, and can bo ostimnted whon It is
seen that the Government, on ns good security
a' the country nlTords. Iins to pay all the way
from 24 to 'JO por cent, per annum.
The only hopos of relief nio in tbe acoom-
Blishment of the commercial treaty with the
tilted States, or that they may be able to in
splio confidence In American capitalists and
pioeuro a lonn at a reasonable rale of IntnreM,
How to cite this articleCómo citar este artículo
The sun. (1886). New York [N.Y.], 1886-02-16. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030272/1886-02-16/ed-1/?sp=3
ReferencesReferencias
Library of Congress, Chronicling America: The sun, 1886-02-16.
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