New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-04

Congress to-day.
The Dominican treaty marks departure
IN the relations of the United States with the
smaller republics of the Western Hemisphere. for
in the case of SantO Domingo the United states
now becomes legally trustee in financial sense
and in the discharge Of its duties must so as
far IN the preservation Of order as is necessary for
the control of the custom houses and the colle0
tion Of the republics revenues.
The treaty really had its birth in n revolution
While the American government was pressing a
settlement Of the claims OF its citizens against
Santo Domingo In December. 1904, President Mo-
ralcs being bcset by revolutionsts. and hoping
obtain the moral support of the United States
entered into an agreement with Captain DitlnS-
ham Of the American navy under the terms OF
which the Dominican custom houses were 10 be
occupied by the Americans and the foreign indebt-
edness Of The country discharged from the receipts
Rejected at Washington. this agreement gave place
on March 81 1905 a modus vivendi which has
been in force this time. This placed an Ameri-
can collector in charge. and provided for the de-
post New York OF % cent of the customs
receipts FOR the benefit the Dominican creditors
The modus Viyendi did not save Morales from po-
iitical destruction. for he was overcome by the
revolutionsts and his icc-President. General
Caceres, installed President.
The uodts vivendi. however. resulted benehcially.
a far as the little republics finances were con-
cerned. Not only did lead 10 the deposit in New
York of 100000 which VIII he placed TO the
credit of the Dominican government. but that gov
ernment has had more available money during tho
period of its operation than at any other time in
its histary. This state OF affairs resulted from
more economical administration the suppression
OF smuggling and the encouragement of business.
The Dominican government also finds itself in
session of four fine coastguard cutters. built in
the United States forming effective force for
the protection OF the customs revenues and avail
able for all public uses
The substance OF the modus vivendi. in the shape
of treaty pending before the United States
Senate when Secretary Root assumed Office. Rec
ognizing the force of the objections which devel-
Oped TO its ratification, he set about recastirE the
document. and February 10 last the treaty
which has just been ratified submitted TO the
Senate The way had been paved by an agree
ment between Federico Velasquez. the Dominican
Minister OF Finance and the creditors Of the
public whereby the latter agreed 10 a 50 per cent
redl ction in their claims If these were settled IN
cash. 4 New York banking house undertooI TO
advance the money for this purpose, accepting For
the S20.0D0oO . per cent ffty-yesV bonds. which
will be promptly issued. with the result that
all the creditors Of santo Domingo will be en-
bodied in this single New York firm
The new treaty recites IN its protocol this agree
ment and the stipuations for the settlement Of tho
debt It provides in IT'S first article FOR the appoint
ment By the President Of the United States OF a
receiver Of customs TO collect the Dominican
nues az long as the bonds outstanding. period
variously cstiua ted from twenty 20 forty wears
This collector is TO pay the expenses OF IN" re-
ceivershp. interest the bonds and the annual
sums required for amortization OF the bonds. and
then the remainder Of the receipts over 20 -"
Ilom;1ican government. on the first day OF each
month IS pay 10000 TO tho fiscal agent Of the
loan. II the customs rsceipis &H &H eTceed T%"o% ~ - "a
sinking fund Article gQarentees the protection
sstants Article pledges tho Dominican govern
ent not increase its public debt or 70 modlfy ITS
import duties without the consent OF the tni''a
STATES -,
eli
iicved from tho Office about June by ". f. Pull
liam at present one of the collectors o. customs
in n pEillnniueS