Address of President Roosevelt at Chautauqua, New York, August 11, 1905 — John Shaqi
Address of President Roosevelt at Chautauqua, New York, August 11, 1905Roosevelt, Theodore
History
Address of President Roosevelt at Chautauqua, New York, August 11, 1905
Roosevelt, Theodore
Corporation law -- United States; Finance -- Dominican Republic; Monroe doctrine; Speeches, addresses, etc.
Santo Domingo has now made an appeal to us to help it in turn, and not
only every principle of wisdom but every generous instinct within
us bids us respond to the appeal. The conditions in Santo Domingo
have for a number of years grown from bad to worse until recently all
society was on the verge of dissolution. Fortunately just at this time
a wise ruler sprang up in Santo Domingo, who, with his colleagues,
saw the dangers threatening their beloved country, and appealed to
the friendship of their great and powerful neighbor to help them. The
immediate threat came to them in the shape of foreign intervention.
The previous rulers of Santo Domingo had recklessly incurred debts, and
owing to her internal disorders she had ceased to be able to provide
means of paying the debts. The patience of her foreign creditors had
become exhausted, and at least one foreign nation was on the point of
intervention and was only prevented from intervening by the unofficial
assurance of this Government that it would itself strive to help Santo
Domingo in her hour of need. Of the debts incurred some were just,
while some were not of a character which really renders it obligatory
on, or proper for, Santo Domingo to pay them in full. But she could not
pay any of them at all unless some stability was assured.
Accordingly the Executive Department of our Government negotiated
a treaty under which we are to try to help the Dominican people to
straighten out their finances. This treaty is pending before the
Senate, whose consent to it is necessary. In the meantime we have made
a temporary arrangement which will last until the Senate has had time
to take action upon the treaty. Under this arrangement we see to the
honest administration of the custom-houses, collecting the revenues,
turning over forty-five per cent to the Government for running expenses
and putting the other fifty-five per cent into a safe deposit for
equitable division among the various creditors, whether European or
American, accordingly as, after investigation, their claims seem just.
Public-domain text, read in full here on John Shaqi.
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