Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1873-01-22

will ever be collected clogs the mail cars on
leading routes, and frequently delays letter
mails.
SANTANA BAY CoMPANY.-When the ne
gotiations between the United States
Government and that Of the Dominican
Republic for the acquisition Of the Bay
of SANTANA and the adjacent territory were
broken off, number of capitalists took up
the scheme, and have since been negotia-
ting for the transfer of the rights aud
privileges which were offered the United
States Government. A company was
formed, known as the Z" SANTANA Bay COM
pany of Santo Domingo" Prominent
among the corporators are S. l.. NJ. Bar
low, Alden D. Stockwel, President of the
Pacific Mail Company DR.. Samuel G..
Howe, one Of the Commissioners of the
United States Government sent out on the
steam frigate Tennessee Paul n. Sopford,
Gardiner S. Spofford, Hehry Clews, H
W. Gray, Frederick Schuchardt, G. K
Garriston, Oliver Ames, VIM. G. Fargo.
and others.
The capital stock of the Company was
fixed at S20,000,000 The Company
placed in the hands of Rowland f. Haz,
ard, jr., of No. 10 Broadway, authority
to negotiate with others for the acquisi-
ton of any privileges which had been
acquired by Item at any time, and which
might interfere with the SANTANA Bay
Company in any manner. After negotia-
tions extending over long period, this
was accomplished by Mr.. Hazard. Con
situations were also held by DIR. Howe,
Samuel Samues, j. Scott Stuart, and
Burton Harrison, on the part of the Com
pany, with J. w. Fabens, Minister Plen-
ipotentiary of the Dominican Government.
The main points of the Convention be-
tween the Dominican Government and the
SANTANA Bay Company, relative to the
lease of Saman Bay and other privileges
were then agreed upon. \ Convention OF
agreement was drawn up, embracing al
these points, and setting forth with great
minuteness the privileges and powers tobe
conferred upon the Company by the
Dominican Government.
The Company has eminent domain over
the whole Peninsula of SANTANA, and over
the vast bay, with all its islands and reefs
1t may exercise the sovereign power of
framing laws for the government Of it;
territory appointing its officers of police,
judiciary, and commerce: levying and
collecting taxes; establishing custom
houses fixing duties on imports and ex-
ports building railroads, wagon roads
canals, and telegraph lines within its
own territory and, by special contract
throughout the whole Of the Dominican
Republic, taking in return alternat,
leagues of public land. The Company
may build, officer, and man ships, estab
lish a bank, and exercise most of the gen
eral powers of sovereignty. 1t has boughi
up all grants and concessions previously
made by the Dominican Government for
lands, mining privileges, wharyes, rail
road lines, and the like, Of whatever ma
ture The owners Of almost all these
grants and conc ssions are members of the
Company, and they have formally re
nounced III writing all ownership and IN
terest, direct aud indirect, in favor of the
Company. 1t has the virtual monopoly
Of all the future opportunities OF estab-
fishing companies tor railroads, steam
boats, mining, or other purposes, by al
article in the Convention, winch requires
that the Dominican Government shall
never charter, authorize, or tolerate, any
such company, without first having offered
to the SANTANA Bay Company charter
/, for the same purpose on the same terms.
n. ~ = 4
pany, consisting Of Messrs Howe, Slmuels
and Stuart, and Minister Fabens, saileC
for SANTANA on the steamer Tybee, bearin.
with them copy OF the agreement. The,
arrived on the 18th of December, at Santt
, Domingo. Interviews were had witt
President Baez, and the points of the in
> strument were discussed at length. So ia
as is known, it was not altered IN any par
ticular, and was finally submitted to tn
Dominican Senate, and ratified by tina
!. body so as to take effect at noon on an. l
1873. The Convention is therefore il
force at the present time, and the Compan
may at once proceed with Its plans of i'm
provement.
The terms on which the Company receiv
the lease of the Bay of SANTANA and othe
privileges are, in effect, the same as thos
on which it was offered to the Admlnistra
, ton, but in addition the Company is allow
: ed to build railroads, construct canals an,
telegraphs, and for such improvements i
to receive land grants, which, in com
paratively short time, will embrace nearl,
the entire domain of the Dominican Gov
ernment. The Company, in effect, ma,
monopolize the entire business of the island
; including its commerce and port duties
and for these privileges it will pay to tn
! Dominican Government Si50,000 in gol,
annually. This is the sum which tn
United States Government would have pai
if the proposed treaty had been ratified.
In some respects thi Company is lik
| the famous British Eas' India Compan
or the Hudson Bay Con 2any. Indeed, th'
, value of its franchise and the powers con
ferred upon it are greater than those cor
porations originally possessed. 1t is IN
derstood that the Company has sub-let
portion of its franchise for sum nearly o
quite equal to that stipulated to be pai
; to the Dominican Government, and tina
the additional income to be derived will b
very much greater.
,