New-York tribune

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several other valuable privileges, such as the exemo-

tion of the company from the payment of import and

export duties or, in fact, taxes of any kind for at least

twenty vears,

The Santo Dominge Central Railroid Company, a8

the corporation that has obtained those grants ia

called, was organzed under the Foreign Railroad act

in 1853 with a capital or $H00.0)0, Its officers and

stockholders are moeily business men of this city.

General Horatio C. King is the president, George

Ward, of the Commereial Cable Company, viee presi-

dent Philip I. Harris, treasurer, Janes E. Coleman,

secretary, and Henry L. Bean, president of the Santo

Domingo Rock Salt Company. general superinten-

dent. Amon its trustees aro Genersl John 8. Wood-

ward, Ogden P. Pell, Henry W. Alden, of the Fourth

National Bank, William 11. Bibby and Daniel fl.

Wood, General King and Mr. Bean have conducted

most of the negotiations with the Powinican Govern-

ment, an it was to them, in beliall of the company,

that the cencessions were granted, The franchise

was really obiained nearly a vear ago. but as it was

pot entirely satisfactory to the comovany some of its

clanses were changed at the company's request by

the late National Congress of the Dominican Republic.

As amended, the franenise provides that the work

of constracting the road shall be started inside of two

sears and fin shed witnin ten years, Aa &70n as ten

consecntive miles of the road shall have been cows

JMeted the Government will return the $3,000 in gold

din by ghe company ar an evidence ot good faith

How to cite this articleCómo citar este artículo

New-York tribune. (1887). New York [N.Y.], 1887-03-27. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1887-03-27/ed-1/?sp=11

ReferencesReferencias

Library of Congress, Chronicling America: New-York tribune, 1887-03-27.