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By Cyrus Veeser

A global secure for Capitalism unravels a little-known incident: a Wall highway corporation's takeover of the overseas debt, nationwide railroad, and nationwide financial institution of the Dominican Republic within the Nineties. operating with the republic's tyrannical president, the yank enterprise attempted to show self-sufficient peasants into cash-crop farmers, with disastrous effects. via 1904, the company's slender pursuit of revenue clashed with Theodore Roosevelt's target of constructing the us an exceptional energy, hence triggering a sweeping new policy-the Roosevelt Corollary to the Monroe Doctrine. Praised via Diplomatic historical past as "a version of globe-trotting multiarchival research," this fascinating heritage covers occasions in big apple, Washington, Santo Domingo, Brussels, and London.

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According to the translated dispatches,” the Times reported, “Smith M. ”26 Weed admitted the accuracy of the “cypher messages,” but insisted that since South Carolina’s popular vote had really gone for Tilden, he was simply trying to right a wrong. 27 Weed’s loyalty evidently won him a place among the inner circle of New York Democrats, which included future President Grover Cleveland. ’ ”28 While the vote-buying scheme became a public scandal, Weed’s usual way of doing business stayed safely within the moral compass of Gilded Age politics, and he continued to thrive in the special niche he had carved for himself.

53 Not surprisingly, the United States declined to take the unprecedented step of assuming the foreign debt of another sovereign state. Although they declined Westendorp’s offer, the American leaders did show interest in getting Santo Domingo’s purse strings out of European hands. President Benjamin Harrison and Secretary of State Blaine met personally with the future organizers of the SDIC to encourage their venture. , and the Dominican Government, concerning the possession of the Custom Houses, would be brought into the control of Americans.

S. Expansion 9 A final note on sources. S. sources with Dominican documents. S. gunboats arrived in Santo Domingo, Dominicans actively steered the course of events despite their manifest political, financial, economic, and military weakness. The Dominican sources for this study proved to be plentiful and articulate. The Archivo General de la Nacio´n in Santo Domingo holds some forty large copybooks containing the outgoing correspondence of Ulises Heureaux for the entire period of the SDIC’s tenure in the republic.

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