Samana Bay Company of Santo Domingo explained

Native Name:Dominio de Samana
Conventional Long Name:Samana Bay Company of Santo Domingo
Common Name:Samana Estadounidense
Subdivision:Territory
Nation:United States
Demonym:Samanenses
Image Map Caption:Map of the US domain of Samana (1871)
Flag Type:Flag
Government Type:Commanders
Title Leader:President
Title Deputy:Commander
Leader1:Ulysses S. Grant
Year Leader1:1869–1873
Deputy1:William Leslie Cazneau
Year Deputy1:1869–1870
Stat Year1:1869
Year Start:1872
Year End:1874
Today:Samana

The Samana Bay Company of Santo Domingo was a company established in the mid-19th century with the aim of developing the Samaná Peninsula in the Dominican Republic.

History

Following the failed annexation of Santo Domingo by the United States,[1] the company, which was based in New York City,[2] was granted a concession by the Dominican government to develop the area, including building infrastructure and attracting settlers. The agreement, which was signed on December 28, 1872 and ratified by the Senate of the Dominican Republic on February 19, 1873, also granted the Company complete corporate sovereignty over Samaná Bay and the surrounding land.

Following the signing of the agreement, American investment increased significantly in the Dominican Republic, and there was an influx of planters of both sugar and tobacco from the United States, Cuba, and Puerto Rico, and sugar production especially increased dramatically.

In January 1874, however, President Buenaventura Báez was overthrown,[3] and the new government under Ignacio María González subsequently cancelled the concession and seized the Company's assets[4] [5] [6] due to the Company's non-payment of their $150,000 annual lease .[7]

Notes and References

  1. Web site: United States Presence . 2024-05-30 . Dominicana Online . en-US.
  2. . Bryan . Patrick . The Transition to Plantation Agriculture in the Dominican Republic, 1870-84 . The Journal of Caribbean History . 10 . 1978 . 82–105 .
  3. Book: Metz . Helen Chapin . Dominican Republic and Haiti: Country Studies . 2001 . Federal Research Division, Library of Congress . 978-0-8444-1044-9 .
  4. Book: Samana Bay Company of Santo Domingo . Report of the commissioners who negotiated the convention with the Dominican Republic . Samana Bay Company of Santo Domingo . 1873 . New York . Printing House of J. Polhemus . 1435135629 .
  5. News: The Samana Bay Company . The New York Times . 25 January 1873 .
  6. Web site: Frederick Douglass Papers: Subject File, 1845-1939; Samana Bay Co. of Santo Domingo v. Dominican Government, 1889; 1 of 2 . Library of Congress, Washington, D.C. 20540 USA .
  7. MacMichael . David Charles . 1964 . The United States and the Dominican Republic, 1871-1940: a cycle in Caribbean diplomacy . . 760516046 .