Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1907-10-24
WASHINGTON LETTER.
From our Regular Correspondent
Washington, Oct. 10Th, 1907

Il VI n DstnhCiS III IOCOhO JCbio Will
be brought by Senior Federico Vol
asques, Minister of fina nee for San
Domingo, who has sail ed for New
York to float the long pending Do
minican loan of $40, 900, 900, which
is to be secured by bond issue
bearing five per cent interest, prac-
tically guaranteed by the United
States government, and, ide from
the fact that they will be subject
to taxation and that they cannot be
deposited by national banks as Sc
curity for governments deposit or
for circulation, are pronounced by
the few fnanciers who have inves-
tigated the subject as good as Uni
ted States bonds. Officers of the
United States government will con-
tinue to collect. the Dominican
customs under the terms of the
treaty ratified last session, and wsll
pay into the hands of the trustees,
who will pay the interest and ac-
cumulate the sinking fund, 81, 200
900 a year; the remainder of the
custom receipts, after the cost of
collection shall have been deduc-
ted, to be covered into the Domin-
lean treasury. The bonds must be
sold at 96, will run for forty years
and bear interest at 5 per cent, and
may be redeemed at the end of ten
years at 1929. So, 300, 900 is already
deposited toward the sinking fund,
in the National City Bank of New
York, drawing interest at q per
cent.
The control of customs houses in
Santo Domingo by the United
States has prevented all revolu-
tions, as was predicted by the late
Secretary Hay, as the customs re-
ceipts constituted the only incen-
tive to revolution, and thus the
permanent tranquility of the Dom
inican Government is insured. :
The loan about to be foated will
pay off all foreign creditors, obvia-
ting all danger of interference from
OtHcI SONcI nhltnlS.
On the completion of the new
office building for members of the
House of representatives, an cleo
trio railway will be installed, con-
Meeting the lobby of the new build
ing with the House and a similar
tramway will connect the new Sen
ate Office building with the Senate.
1T is now suggested that still fur
ther passenger service be establish
ed by the construction of line
which will connect these two links
and thus facilitate passage between
the House and the Senate, and ev-
cry one who has had to walk the
nearly seven hundred feet between
the two chambers, several times in
a day, will appreciate the desirable
ity of such a line. 1t is claimed
that with an electric railway trav-
cling continuously from the House
to the Senate Office buildings and
stopping under the respective
chambers, the greatest saving of
time and effort would be accom-
pllshed.
The agitation against the de-
struction of the historic Crittenden
oak and other trees in the Botanic
Gardens has been so great that
Gen. Oliver, Acting Secretary of
War, has cabled Secretary Taft in
the PHILIPPINES for authority to act
in the matter. Gen. Oliver who is
a member of the Grant Memorial
Commission, telegraphed to Gen.
Dodge, chairman of tie commits
sion, to come to Washington to
consider the matter, but Gen.
Dodge Ieplied that he could not
leave his home at this time; hence
the cable to Secretary Taft, who is
also a member of the commission,
and ex-official chairman. Gen:
Oliver believes that the commission
is the only body which has author
ity to act in the matter, but does
not care to assume the sole respon-
sibility by taking action without
first hearing from some other MEM
Der of the commission.
A very clever dispatch, published
recently in New York paper, has
been the cause of no little excite
ment in administration circles,
where it is felt that the freedom of
the press his transgressed all pa
triotism and even decency in this
case. The dispatch is so diaboli-
ically worded that no statement is
susceptible of flat denial, and in it
the President is made to appear to
seek to menace Japas in ordering
the battleship feet to the Pacific
coast. The dispatch goes to the
length of implying that President
Roosevelt will follow this step by