increased without the consent of the United States until the ' whole debt was paid. Neither could export duties be modified without the consent of this country. Article IV required the receiver general to make a monthly statement, Article V stated that agreement should be effective when approved by the Senate of the United States and the Dominican Congress. The treaty was ratified by the Dominican Congress on May 1907, and by the United States Senate on July,. It was proclaimed on July 25, 1907.

135

The treaty did not alter the conditions which had been established under the Modus vivindi, but merely "legalized" the conduct of the president and assumed the continuance of the American receivership after President Roosevelt left

office.

William E. Pulliam was appointed general receiver

and James H. Edwards assistant receiver under the convention. 136 Their appointment took effect on August 1.

On May 14, 1907 the Dominican Congress after ratifying the treaty authorized the president to contract "a loan for an amount not exceeding $20,000,000. American gold" at a rate of interest not to exceed 5 per cent. This sum was to be used for the purpose prescribed in the treaty. On August 17, after the treaty was in force the Dominican Congress passed

1

an Act in accordande with the specifications of the treaty authorizing the executive to issue and sell $20,000,000 bonds to bear 5 per cent interest payable semiannually in gold, extinguishable in 50 years, or redeemable after ten years at 102 per cent of their face value. A payment of at least 1 137 per cent per year was required for their extinction. Kuhn, Loeb and Company bought the bonds which were subsequently placed upon the market and sold.

BIBLIOGRAPHY

Bishop, Joseph B.

in His Letters.

General Accounts

Bheodore Roosevelt and His Time. Shown
2 vols. New York, 1920.

Paxson, Frederic L. Recent History of the United States.
New York, 1922.

Rhodes, James Ford. The McKinley and Roosevelt Administrations 1897-1909. New York, 1922.

Thayer, William Roscoe. Life and Letters of John Hay. 2 vols. New York, 1915.

Collections of Documents

British and Foreign State Papers, vol. XCVI, 1902-1903.

Compilation of the Messages and Speeches of Theodore Roosevelt Ed. by Alfred H. Lewis. Washington, 1906.

1901-1905.

Congressional Record, 1902-1904.

Gamba, F. and others. Petition urging enactment of law for commercial reciprocity between United States and Cuba, IN 57th Cong., 1st Sess., Senate Dec. 73.

History of Hawaiian Treaty, also History of agitation for Cuban reciprocity; data and tables by Truman G. Palmer in 57th Cong., 2nd Sess., Senate Doc. 206.