1820–1984 · Library of CongressBiblioteca del Congreso · Chronicling America

US/DR Newspaper Timeline

The Dominican Republic in the American Press: United States newspaper coverage of the island, gathered and translated for readers in both languagesLa República Dominicana en la prensa estadounidense: la cobertura de la isla en los periódicos de Estados Unidos, reunida y traducida para lectores en ambos idiomas
May 9, 19079 de mayo de 1907 · Mena, Ark. · Roosevelt Corollary & Customs ReceivershipCorolario Roosevelt y Receptoría de Aduanas

The Mena weekly star

SourceFuente: The Mena weekly star · Mena, Ark. · May 9, 19079 de mayo de 1907
https://www.loc.gov/resource/sn89051213/1907-05-09/ed-1/?sp=5

In contextEn contexto

Roosevelt Corollary & Customs ReceivershipCorolario Roosevelt y Receptoría de Aduanas · 1905–1916

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.

← Earlier articleArtículo anterior: Springfield weekly Republican · May 9, 19079 de mayo de 1907Later articleArtículo siguiente: The Washington herald · May 19, 190719 de mayo de 1907 →

More on The Customs ReceivershipMás sobre La receptoría de aduanas

SummaryResumen

The Mena Weekly Star reported that the Dominican treaty originated during a 1904 revolution when President Morales agreed with U.S. Navy Captain Dillingham to allow American administration of custom houses to satisfy foreign debts. Secretary Root later recast the resulting treaty, facilitated by Finance Minister Federico Velasquez securing a 50 percent cash settlement agreement with creditors. A New York banking firm financed the settlement through $20,000,000 in 50-year five percent bonds, while the treaty authorized the U.S. President to appoint a customs receiver.

The Mena Weekly Star informó que el tratado dominicano tuvo su origen durante una revolución en 1904, cuando el presidente Morales acordó con el capitán de la Armada de los EE. UU. Dillingham permitir la administración estadounidense de las aduanas para saldar deudas exteriores. El secretario Root reformuló más adelante el tratado resultante, facilitado por el acuerdo de liquidación al contado con un descuento del 50 por ciento logrado por el ministro de Hacienda Federico Velásquez con los acreedores. Una firma bancaria neoyorquina financió el arreglo mediante 20.000.000 de dólares en bonos a 50 años al cinco por ciento, en tanto que el tratado facultó al presidente estadounidense para nombrar un receptor de aduanas.

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.

houses and the collections of the re

public’s revenues.

The treaty really had its birth in

a revolution. While the American

government was pressing for a settle

ment of the claims of its citizens

agaillHl Ottilia UUUIJHRU iu L/ovcmiTCi,

1904. President Morales being beset by

revolutionists, in the hope of securing

the moral support of the United

States, entered into an agreement

with Captain Drtllingham of the

American navy under the terms of

which the Dominican custom houses

were to be occupied by the Americans

and the foreign indebtedness of the

country discharged from the receipts

The substance of the modus vivendl

in the shape ot a treaty pending before

the United States Senate when Secre

tary Roof f ssumed office Recogniz

ing the force of the objections that de

veloped 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 bad been paved

by an agreement bet wen Federico Vel

asquez, the Dominican minister of fi

nance. and the creditors of the little

republic whereby the latter agreed to

a fifty per cent reduction in their

claims if these were settled in cash

A New York banking house undertook

to advance the money for this pur

pose for the $20,000,006 five per cent

50-year bonds which will now be

promptly issued, with the result that

<tn pf the creditor* of Bantu Duutltifo

will be embodied In the single Npw

Yoik firm.

The now treaty provides for the

appointment by the president of the

t'nlted States of a receiver of ctm

How to cite this articleCómo citar este artículo

The Mena weekly star. (1907). Mena, Ark., 1907-05-09. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn89051213/1907-05-09/ed-1/?sp=5

ReferencesReferencias

Library of Congress, Chronicling America: The Mena weekly star, 1907-05-09.

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