New national era. [volume] (Washington, D.C.) 1870-1874, 1873-01-30
SautO Domingo.
purrhass OF SANTANA Bay.

Ever sine. President Grant fist iaIorsed
the project Of anucxing the island Of SantO
Domingo by purchase or treaty, and the COM
menccment OF thC movement 20 that end, the
fact that SANTANA liay and peninsula were
valuable commercial property has been fully
believed among men Of capital aad expe-
ricnce. 1t was felt by them to iJe serious
loss To the United States when Congress de-
cidcd adversely to the proposed treaty, and
when it was found that European nations
were entering into negotiations for tho coy
ctcl territory, several American fuancicrs
determined to enter the field rs private indi-
yiduala and iOr speculative purposes.
1t will be remembered that Germany re-
Gently entered into negotiations with I'-esi-
dent Dacz for the possession OF SANTANA bay
and peninsula, lat as the United States
seemed 10 be "A more natural protector and
ally Of Santo Domingo, offers from that
quarter were disrcgarded by the President,
until il should be determined what course
our Government would finally pursue. The
Dominican Government, soon after the re-
ccipt Of The same offer, communicated with
MIR. Rowland II. Hazard, of New York, ask
ing whether he could not do something in the
way OF inducing capitalists to invest in the
enterprise, thus insuring the United States,
in an indirect way, whatever advantages
world have accrued 90 it had the original
treaty of 1869 gone into effect. Mr.. Hazard
brought the matter to the notice OF several
prominent business men and capitalists, and
the result was that a joint stock company
WAS formed, with capital of so, 600, 900,
for the purpose of purchasing SANTANA bay
and peninsula. Several meetings were held,
ana IT was finally resolved that q commission
should be sent to Santo Domingo with full
power 10 negotiate ioT the purchase Of the
desired property.
The following are the officers and directors
OF the company: Alden b. Stockwell, presi-
dent; Paul y. Spo:!ord, vice president;
Henry CIcws. treasurer; Frederick Schu-
charir. George W. Pullman, e.. X. Garrison.
Oliver .imcs. Samuel q. Howe, resident d.
rcctor.; J. Warren Fabens, resident COVER
nor; Wm. &. Fargo, 5. l.. NJ. Barlow, Il. L.
Hazard, secretary.
The STEINER Tybcc was chartered, and on
the 18th of December she started for Santo
Domingo with the commissioners on board.
They were Z. Scott Howard, Samuel
SaUUcl-. ana c. W. Harrison. One hun
drcI and fifty thousand dollars in gold was
also taken for the first installmcnt Of the
purchase money. The instructions issued
to the commissioners by the officers Of the
company were to hold convention with Pres
idcnt Ea"H and other prominent members Of
the Dominican Government, make the stated
propositions of purchase, and irthcy wcFc az
copied. 10 pay the money, have the neccs-
saTy papers executed and, after cmbarkng on
the Tybec, steam. to the nearest port where
cable communication with New York exists,
and telegraph the result. This was done,
and yesterday Il telegram WAS received from
the commissioners stating that the purchase
had been consummatcd, the money paid, and
that the bargain went into effect on the LIST
Of January. The powers extended the com
pany by the terms of purchase are the same
as those in the treaty submitted to the Uni
ted States Government for approval in 1869.