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Show MAY HELP STRAIGHTEN MR. FINANCE. What la regarded In Washington as tho finest hurgntu offered to Now York hankers In recent jcars will ho brought by Senor Krcderlco Velasquez, minister of finance for Santo Domingo, who has sailed for New York to Moat tho long ponding Dominican lonn or 120,000,000. which Is to bo secured by a bond Isbuo hearing flvo per cent Interest, prnc-tlcally prnc-tlcally guaranteed by tho United States government, nnd, usldo from tho fact that they wilt bo subject to taxation nnd that they cannot ho deposited by natlonnl banks ns security for government govern-ment deposit or for circulation, nro pronounced by tho few flnnncters who hnvo Investigated tho object as good ns United Stntcs bonds. Officers of the United States government will con-tluuo con-tluuo to collect tho Dominican customs cus-toms under tho terms of tho treat) ratified Inst session, and will pay Into tho hands of tlio trustees, who will pay tho 'Interest nnd accumulate tho sinking fund, $1,200,000 a year; tho remainder of tho custom receipts, nf-tcr nf-tcr tho cost of collection shall have been deducted, to ho covered Into the Dominican treasury. The bonds must ho sold nt 9G, will run for forty years nnd bear Interest nt 5 per cent, nnd may bo redeemed nt tho end of ten years nt 102 1-2. Threo million three hundred thousand dollars Is already deposited de-posited toward tho sinking fund, In the Natlonnl City Bank of New York, drawing draw-ing Interest nt 2 1-2 per oent. Tho control of tho customs houses In Snnto Domingo by tho United States has prevented all revolutions, ns was predicted by tho lato Secretnry Hay, as tho ciratoms receipts constituted tho only Incentive to revolution, and thus tho permanent tranquility of the Domlntcnn government Is Insured. Tho loan nbout to bo flouted will pay oft all foreign creditors, obviating all danger dan-ger of Interference from other governments. |
