Morales fixed his residence in the island of St. Thomas
and later in France. He continually conspired for a return to the
presidency, and was once tried for filibustering in Porto Rico, but
acquitted. A friendly administration made him Dominican minister in
Paris, where he died in 1914.
Upon the resignation of Morales the vice-president, General Ramon
Caceres, assumed the presidency. Caceres was born in Moca on December
15, 1867, and was a prominent cacao-planter. It was he who killed
Heureaux in 1899, after which he entered public life, being governor
of Santiago and delegate of the government in the Cibao during the
administrations of Jimenez and Vasquez, an exile in Cuba during the
administration of Woss y Gil, and vice-president and governmental
delegate during the administration of Morales. He had the appearance
of an honest country squire, large of body and great of heart.
During the years 1906 and 1907 special attention was given to the
settlement of the debts of the republic. A new bond issue of
$20,000,000 was made for the purpose of converting the old debts, and
an arrangement was effected with the principal creditors, by which the
amounts due were reduced by about one-half.
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