To have done so would
have meant absolute ruin, as the government would have been entirely
deprived of means of subsistence. In face of the imminent likelihood
of foreign intervention the Dominican government applied to the United
States for assistance, and in February, 1905, the protocol of an
agreement between the Dominican Republic and the United States was
approved, providing for the collection of Dominican customs revenues
under the direction of the United States, and the segregation of a
specified portion toward the ultimate payment of the debt. The treaty
was submitted to the United States Senate, but that body adjourned in
March, 1905, without final action. The creditors again became
importunate and an interim modus vivendi was therefore arranged, under
which the Dominican customs were to be collected by a receiver
designated by the President of the United States, and the proportion
mentioned in the pending treaty was reserved as a creditors' fund. The
temporary arrangement went into effect on April 1, 1905, and the
effect was immediately apparent.
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