Perth Amboy evening news
https://www.loc.gov/resource/sn85035720/1924-07-07/ed-2/?sp=6
SummaryResumen
The *Perth Amboy evening news* detailed the 1905 financial convention with Santo Domingo, under which an American receiver deducted $100,000 monthly from customs duties to service a $20,000,000 loan while delivering the balance to the Dominican treasury. Although Dominican authorities promised fiscal restraint and agreed not to increase public debt without U.S. consent, recurring revolutions diverted revenues into military operations and generated massive unpaid debts. The article explained that the resulting financial collapse and threats to custom houses prompted the United States to deploy marines in 1916.
El *Perth Amboy evening news* detalló la convención financiera de 1905 con Santo Domingo, según la cual un receptor estadounidense deducía 100 000 dólares mensuales de los derechos de aduana para amortizar un préstamo de 20 000 000 de dólares, transfiriendo el saldo restante a la tesorería dominicana. Aunque las autoridades dominicanas prometieron moderación presupuestaria y convinieron en no aumentar la deuda pública sin el consentimiento de Estados Unidos, sucesivas revoluciones desviaron los fondos hacia gastos bélicos y generaron deudas impagas colosales. El artículo explicaba que el colapso financiero resultante y las amenazas contra las aduanas condujeron a Estados Unidos a desplegar los marines en 1916.
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.
pointed a general receiver of the
Dominican customs, who was au
thorized to collect all the customs
duties In the custom-houses of Santo
Domingo until the $20,000,000
should be repaid. The amount to be
deducted n-om the customs receipts
for the repayment of the loan was
$100,000 a month. In addition to the
expenses of the general receivership.
All remaining funds were turned into
the treasury of the Dominican gov
ernment.
Dominican Promises
In this agreement, moreover, tme
Dominicans promised a wise and
efficient administration of their
treasury. They were to pay b&ck the
salaries of civil employes regularly.
In addition to back pay. and any
surplus was to be used for the build
ing of public works. They were not
to increase the public debt without
consulting the United States. But
the continued outbreak of revolu
tions made It Impossible to keep this
promise. Great sums were expended
for military preparations Instead of
public improvements, and other
other came Into control of the treas
sums disappeared without any ex
ury. In order to make up deficits,
planatlon as one faction after an
stamps. stamped paper and other
government securities were reckless
ly Issued. Thus, within a few years,
the republic was again burdened
with an enormous Interior debt
which made the position of the cus
tom-houses extremely unsafe. Once
more Intervention became necessary,
and this time the United States sent
Its marines to take charge of affairs.
While the five years of American
occupation have brought peace and
order to Santo Domingo, the pres
How to cite this articleCómo citar este artículo
Perth Amboy evening news. (1924). Perth Amboy, N.J., 1924-07-07. US/DR Newspaper Timeline. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn85035720/1924-07-07/ed-2/?sp=6
ReferencesReferencias
Library of Congress, Chronicling America: Perth Amboy evening news, 1924-07-07.
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