Forty-five per cent of the revenue was then turned over to the Santo Domingan Government, and fifty-five per cent put in a sinking fund in New York for the benefit of the creditors.

The arrangement worked in capital style.

On the forty-five per cent basis the Santo Domingan Government received from us a larger sum than it had ever received before when nominally all the revenue went to it.

The creditors were entirely satisfied with the arrangement, and no excuse for interference by European powers remained.

Occasional disturbances occurred in the island, of course, but on the whole there ensued a degree of peace and prosperity which the island had not known before for at least a century.
All this was done without the loss of a life, with the assent of all the parties in interest, and without subjecting the United States to any charge, while practically all of the interference, after the naval commander whom I have mentioned had taken the initial steps in preserving order, consisted in putting a first-class man trained in our insular service at the head of the Santo Domingan customs service.