The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-01-20

No fsnuaas PRO ea1s-1a oxa RaEst4sxs
1aru Of Tho Scheme. 90
From tho New York papers we take the
following additional particulars OF the lease
OF SANTANA Bay, Santo Domingo, by an
American company: 8
The organization will be known as the
SANTANA Bay Company Of Santo Domingo"
end its capital stock will be S20, 000, 600, re-
presented by shares Of 800 each, but the
stock may be increased by a vote Of two
thirds. The number OF directors cannot be
less than five nor more than thirteen, and
they are to be elected annually. The corpo-
ration will have power to buy, sell, mort
gage, exchange, lease, transfer, or assign real
or personal property Of every description in
Santo Domingo and elsewhere, rs may be
deemed advantageous to the company. 1t
may Issue its bonds for such sums, in such
amounts, payable ut the times and places,
with interest and with or without an agree
ment for sinking fund, as it may deter
nine. :st
For the purpose Of increasing the COM
meree Of the Republic as well as of estab-
fishing, by means of steamships and other
lines, direct trade with all parts of the world,
and of developing the internal trade of the
country by means Of railroads and other
works of internal improvement, and en-
couraging emigration from other countries,
80 that the population shall render efficient
aid to the. Dominican Government in pre-
serving its independence and maintaining
order, it has been decreed thatyall rights,
privileges, and immunities of every kind
which, by the treaty with the United States
known as the convention for the lease of the
bay 9nd peninsula of SANTANA, dated Novem-
Der 20, 1869, were ccded to the United States,
are transferred by this convention to the
"Samana Bay Company" as fully as if the
same were 10 be granted to the United
States. 1t is understood that the company
will hold all the public lands Of the PENN
sula, the waters of the bay, the islands, and
even the reefs in the bay.
The Convention agreed that the company
could appoint q police, tribunals. and such
other forces as might be necessary to carry
out the general object of the grant and to
preserve order. These tribunals will only
have jurisdiction on the peninsula, the bay,
and its islands. The company is also privi-
legged TO build or purchase steamers or other
vessels, and transfer the same, these vessels
being entitled to all the privileges of the ships
of the Dominican Government and sailing
under its flag, that of the company, or the
national colors Of any country. They may
also be manned by officers and seamen Of
any nationality.
The corporation is entitled to establish
bank OF emission, deposit, and discount, with
all the privileges Which were conferred upon
Edward Prime, Jr., dated July 4, 1860, the
capital Of which is to be $3.50, 200, and may
be increased from time to time. The bank
must lie located at SANTANA, but it may estab-
liSh branches or agencies in Santo Domingo
or any other place.
The company may construct railroads,
wagon-roadS, and telegraph lines from Sa-
mana Bay to any Of its property in Santo
Domingo; and for each league Of railroad
completed within twenty years from date
| the company will be entitled to concession
| of every alternate square league within the
| limit OF two leagues Oh each side of the road
of the land of the Republic. Where there
| are SO much public lands. and when situated
50 that such public lands cannot be so located,
the company may make its location OH any
other Of the public lands. For each three
leagues of good wagon-road or of telegraph
line similar grant of land. and patents for
such grants, shall he made in fee issued I'LL
| mcdiatcly upon the completion Of each
| league OF the work. All these grants shall
| be without prejudice to those previously
conferred by the Dominican Government,
and hereafter they can make no concessions,
on any terms, without first Offering the same
| to this company.
The grants made in virtue Of this conven-
| ton began on january /, 1873, and will con-
| in,c in full force for one hundred years, on
condition that the company. on January lst
of every year during the hundred years of
the lease, shall pay 100000 to the Domini-
can Government. These concessions TO the
company shall remain under the joint pro-
lection of the Dominican Republic and the
United States, and the company may solicit
| the protection Of either in case Of necessity.