In the beginning of 1904 every item of the debt had been
in default for months.
Under pressure from foreign governments, the principal debt items due
foreign citizens had been recognized in international protocols and
the income from each of the more important custom-houses was
specifically pledged for their payment, but in no case was payment
made. One of these protocols, signed with the American charge
d'affaires, liquidated the government's accounts with the San Domingo
Improvement Company, which had been turned out from the administration
of custom-houses by President Jimenez, and provided for a board of
arbitration to settle the manner of payment. The arbitrators
determined the instalments payable and specified the custom-house of
Puerto Plata and certain others as security, which were to be turned
over to an American agent in case of failure to pay. No payment being
made, the American agent demanded compliance with the arbitral award
and on October 20, 1904, was placed in possession of the custom-house
at Puerto Plata.
The other foreign creditors, principally French, Belgian, and Italian,
naturally began to clamor for the payment of their credits and for the
delivery of the custom-houses pledged to them.
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