The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-26

The Dominican Loan In LOndOns
[From the London Times, Aug I3
Nothing further has been heard of the Dominican
loan for 97500 advertised on the 7th inst and
it is presumed that the project will prove entirely
unsuccessful. The fact however of its having been
brought forward at all, in the present absence of
any general information concerning the position of
the country, is remarkable instance of the reli-
ance placed upon the readiness of the London
public to subscribe to anything during an abund-
ance of money. According to the meagre state
ments of the agents, the loan is issued in virtue OF
decree of the Dominican Congress, approved by
the President; and its object is to redeem about
100000 OF deprecated currency, and to promote
immigration and the construction of public works.
lti also added that the republic is at peace with its
former opponents, the Haytiens; that its pro-
ducts are of the choicest and most prolific kind ;
and that its revenue is so ample that the war
with Hayti was carried on and terminated without
the necessity of contracting any debt 1t isunder-
Stood however, that these statements require con-
siderable qualification, and that, although the pros
poets of the republic, if peace and internal order
can be secured, sufficient to warrant strong hopes
OF its welfare, they certainly not such as to lead
to any expectation that the annual interest on
G750,000 could be met, or that such a loan, al-
though raised professedly to deveope the resources
of the country could operate in any other way tn an
to corrupt and cucumber it,. At the same time,
the position of Dominica, as regards the probable
course of the future commerce Of the world, is 60
important as to render it desirable that an in.
creased knowledge should be cultivated of the va
rious advantages it presents. The republic COM
prises about two-thrds of the Island of Hayti, and
forms that part Of IL which is nearest to this coun-
try; the western side, or Hayti proper being under
the despotic authority of the black Emperor Sou.
louque But although the Dominican republic is
much larger than Hayti its population only about
100000, while that Of Hayti is estimated at 700.-
000. The Dominicans are Of Spanish origin, and
consist of about onethird whites, and small pro.
portion of blacks, the remainder being mixed race.
The Haytieps belonged to French colony, and are
all black, no white persons being allowed even to
hold land or property of any kind in the coun-
try From the overthrow Of the Spanish power
in 1871, up to 1874, the entire island was un.
der the Haytien government as one republic
but in the latter year, owing to the violation BY
the Haytiens Of the terms on which the annexa
tion Of Dominica had taken place, and their ro.
fusal to permit the immigration of white colonists
into any part of the island, the Dominicani
were driven to declare their Independence, which
Independence was recognized by Great Britain ir
1850. since that time Hayti has been transformed
by comp a. efat of Soulouque from republic into
monarchy, and IL has been the incessant object
this black potentate, who was crowned Empero
about four months back, under the title of FaustiI
the First, TO mbjugate the Dominicans, and to re
gain possession OF the entire island. In this, how
ever, he has been signally frustrated, his army
raised for the purpose, having in the first instance
been entirely dispersed and beaten, while his sub
scquent threats Of renewing the attack have beei
| checked by the joint interference Of England
| France, and the United States. The mediation
| OF these powers, however, has not yet produces
| an actual peace, and all that they have accom-
| plished has been provisional truce, whic
.ss agIetd opvn is-s ycas soo wnioh expires l
October next. AS TO the proposed loan having bee
] "isausa Dy decree oS tns Dsmio.oian Congress