The revolutionary debt above referred to, consisting of claims arising
in the revolutions which brought Jimenez into power, was called
"privileged" because it was assigned interest. To some extent it was,
indeed, privileged, for partial payments were made until the middle of
1903. The government certificates forming part of the floating debt,
were acknowledgments of indebtedness issued by the government when it
was pressed for ready money. Many bore no interest, others bore
interest as high as two per cent a month. In view of the great
uncertainty of payment the amount of indebtedness was generally either
frankly or disguisedly inflated before being expressed in the
certificate. Such certificates were sometimes admitted in part payment
of customs dues.
_Declared Claims_ Besides the admitted indebtedness, there were many
claims for indemnity and reimbursement which had not been acknowledged
by the government in contract form. Some had been formally filed with
the government for the payment of specific amounts, while others were
still general demands. The declared claims were as follows:
Internal revolutionary claims................... $ 885,258.10
American revolutionary claims................... 71,000.00
Spanish revolutionary claims.................... 40,000.00
French revolutionary claims..................... 190,000.00
Italian revolutionary claims.................... 40,000.00
German revolutionary claims..................... 10,000.00
British revolutionary claims.................... 5,000.00
Cuban revolutionary claims...................... 35,000.00
Font claim (Spanish)............................ 186,643.00
Heureaux estate claim (Dominican)............... 3,100,000.00
National bank notes............................. 1,574,647.00
Lluberes contract (Dominican)................... 250,000.00
West India Public Works Company claim (British). 250,000.00
Vicini heirs claim (Italian).................... 812,505.00
______________
Total...........................................$7,450,053.89
Public-domain text, read in full here on John Shaqi.
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