New-York tribune., 1873-01-16
HISTORY OF THE NEGOTIATIONS.
A MONOPOLY OF TIE TRADE AND COMMERCE or
THE ISLAND POSSIBLE.

A MONOPOLY OF THE TRADE AND COMMERCE or
THE ISLAND POSSIBLE.
When the negotiations between the United
States Government and that the Dominican Republic
for the acquisition of the Bay Of SANTANA and the ada
cent territory broken of, number OF capitalists
took up the scheme and have since been negotiating for
the transfer Of the rights and privileges which
offered the United States Government. company
formed known as the "Samsna Bay Company Of SantO
Domingo" Prominent among the cOrporators are s. l..
NJ Barlow, Alden ID. Stockwel President OF the Pacific
Mail Company; DR.. Samuel G. Howe. one of the Com
mssoners United States Government sent out ON
the steam fgate Tennessee; Paul N Spoford Gardiner
s. Spoford, Henry Clews H. W. Gray, Frederick
schuchardt John Stewart c. K. Garrison, oliver Ames'
VIM G. Fargo, and others.
The capital stock Of the Company axed at s2oOOO
900. The Company placed in tho hands of Rowland X
Hazard r of No 1O Broadway, authosity to.negotate
with others for the acquisition Of any privileges winch
had been acquired by them at any time, and which
might interfere with the Samana Bay Company In any
manner After negotiations extending over long
period. this accomplished by Mr. Hazard Consuta-
tons were also held by Dr. Howe. Samuel Samuels, j.
Scott Stuart, and Burton Harrison, on the part OF
the Company, with j. w. Fabens Minister
Plenipotentiary Of the Dominican Government,
The main points OF the Convention between the Do
| minican Government and the samana Bay Company,
relative to lease of samans Bay and other privileges
were then agreed upon. Convention or agreement
drawn up embracing all these points, ana settlhg
forth with great minueness the privileges and powers
TO be conferred upon the Company by the Dominican
| Government
THE NEGOTIATIONS CONCLUDED.
Early in November Commissioners Of the Com
pany, consisting OF Messrs. Howe, Samuels, ana stu
| art and Minister Fabens, sailed for SANTANA on the
steamer Tybee bearing with them copy of the agree
| ment Interviews were had with President Baez, and
the points Of instrument discussed at length
so far as is known not altered in particular
and was finally submitted TO the Dominican Senate and
ratified by that body TO take effect at noon on Jan
l. 1873 The Convention is therefore in force at the
present time, and the Company may at once proceed
| with its plans of Improvement
| A telegram was received yesterday by Mr.. Hazard
from the Commissioners, datedhPuerto Plata announc
ing the ratification of the Convention by the Dominican
Senate The terms on which the Company receive the
lease of the Bay of samana and other privileges in
effect the those which was offered to the
Administration in addition the Company ia allowed
10 build railroads and telegTaphs and
for such improvements to receive land grants which,
in comparatively short time. viii embrace nearly the
entire domain of the Dominican Government The Com
many in effect may monOpoze the entire business OF
the island including its and port duties, and
for these privileges it will pay the Dominican Govern
ment Sl5OOOO in gold annually This is the sum which
the United states Government would have paid If the
proposed treaty had been ratified.
In some respects this Company ia like the famous Brit
| ish East India Company or the Hudson Bay Company
Indeed the value Of franchise and the powers CON
ferred upon it greater than those corporations
originally possessed 1t is understood that the Company
has subet portion franchise for a nearly
quite equal TO that stipulated TO be paid to the Domn
can Government and that the additional income to be
| derived will be very much greater.