Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1873-01-30
The Purchase of SANTANA Bar.

January. prints the following important |
article, telling how the Bay of SANTANA
has fallen in American hands, rendering |
it probable that the Island of San Do |
mingo will soon follow:
On the failure of the Senate to ratify the |
treaty between the United States and the !
Dominican Republic for the purchase of
the Bay of SANTANA and its surroundingsin
the Isle of San Domingo, Col. J. Warren
Fabens was sent to this country by the
Dominican Government with power to
negotiate with private parties for the
sale of the bay. On his arrival in New
York he entered into treaty with Mr..
Rowland r. Hazard, Jr., a wel-known
real estate broker, his offer being to give
to private purchasers the same privileges
as were offered in the proposed treaty
with the United States. Mr. Hazard be-
gan the organization of an association
which would purchase the property.
When the preliminary arrangements had
been agreed on, company was formed
to acquire all these rights by purchase.
The completion Of the company is some
what significant When this had been
done, draft of the convention or agree
ment which the company wanted the
Dominican Government to ratify was
made in this city, and Commission was
appointed to visit San Domingo and con-
fer with President Baez. This Com
mission comprised Capt Samuels,
Fleet Captain of the Pacific Mail Steam
ship Company Mr.. John Scott Stewart,
nephew of Col Thomas A. Scott; DR..
S. G. Howe, the Boston philanthropist,
who accompanied the Government ex-
petition to the island, and B. L. Har-
rison, formerly private secretary to JEFF
Davis. Col. Fabens accompanied these
gentlemen, who went to San Domingo on
the steamer Tybee. One hundred and
fifty thousand dollars in gold was taken
by the Commissioners, with which to
make the first payment in case the con-
vention was ratified. A dispatch was
received from Puerto Plata, dated JAN
s, announcing the ratification of the con-
vention, and the return Of the steamer,
which is expected in New York to-
morrow.
The company which has acquired the
extraordinary rights cited, comprises A.
B. Stockwell, Pacific Mail Steamship
Company Paul N. Spoford, Atlantic
Mail Steamship Company Goodner r.
Spofford, S. L. NJ. Barlow, Henry Clews,
H. W. Gray, F. Schuchardt, J John Stewart,
@. K. Garrison, Oliver Ames, William G..
Fargo, DR.. S. G. Howe, and others. DR..
Howe was designated as the resident di-
rector of the company, who will have
charge of the departments of Charities,
Correction, and Education Col Fabens
has been appointed Resident Governor
at SANTANA The name of the company
is the SANTANA Bay Company of San Do
mingo. The capital of the company is
$40, 000,0 O0 The convention is a volum
inous document, including many details
relating to the government of the com
pany. The important parts are as fol
lows
The company is authorized to issue
bonds to be secured by mortgages o.
any property that it has now or here
after may acquire. The company hai
full power to acquire by purchase, o.
otherwise hold and own property of an.
kind whatever, either real or personal
on the Island of Domingo, or elsewhere
to sell the same, or mortgage, lease, o.
let the same !; to carry on every kind O
} trade, every kind of manufacturing ant
mining, and to do all manner of com
; mercial, insurance, and mechanical
business, building, and agricultural oper
ations, on all parts of the Isle of st
Domingo, and the company may issu,
bonds in the furtherance of these OBJ
jects, for the purpose of securing TO
the island population which shall rem
der efficient aid in developing the re
sources of the country and contributing
to the increase of its revenue.
The convention gives the compan,
authority to issue special railroad, canal
telegraph, Or other bonds, to be secured
by special mortgages. The compan,
shall have the right of way all over tn
island, to construct its Improvement
everywhere, and all the lands so granted
by the Dominican Government on ac
, count of such improvements shall be tn,
sole and absolute property of this com
pany, and their assignees forever.
The convention went into effect onth,
3, LIST day of January, 1873. The treat,
between the Dominican and the United
States Governments stipulated that til,
United States should pay $150,000 il
! ! gold annually. The SANTANA Bay Com
pany convention provides for the sam,
payment. The convention as ratified
cOnfers the most extraordinary powers
> and there can be no bar to the compan,
, absorbing the whole island.
It is proposed to institute the Massa
; chusetts system for town governments
but what will be done as to the centra
, authority is not yet determined.
Reporter-Is Gen. Grant concerne,
in the transaction?
l Mr.. Hazard-Not in any way He wa
not consulted as to the movement. w
know that the project would be favorabl.
entertained by him, but he is no wis
connected.
! It is said that the new company ha
l already sub-let the privilege in the Ba
: of SANTANA, for which they will receive
:. sum equal to the annual amount requires
from them, and this lease does not cove
: one hundredth part of the available re
!, sources of the same nature, to say moth
ing of the other almost illimitable ca
: pacity for development on land.
n |