Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-07-13
ARTICLE VII.

ARTICLE VII.
| 1t being desirable that no time should he pnnecos
sarily lost in commencing and constructing tbe said
canal, the Governments of the United States am
Great Britain determine to give their support and
encouragement TO such persons or company as NAV
first offer to commence the same, with the necessa-
ry capital the consent Of the local authorities, and
on such principles accord with the spirit and in
tention OF this conventions and il any persons or
company should already have, with any State
through which the proposed ship canal may pass, a
contract for the construction Of such canal as that
specified in this convention, to the stipulations of
which contract neither of the contracting parties in
this convention have any just cause to object and
the said persons or company shall, moreover, have
made preparations, and expended time, money, and
troube on the faith of such contract, il is hereby
agreed that such persons or company shall have a
priority of claim every other person. persons,
or company, to the protection of the Governments
of the United States and Great Britain, and be al
lowed year from the date of the exchange of the
notifications of this convention for concluding their
arrangements and presenting evidence of sufficient
capital subscribed to accomplish the contemplated
undertaking; it being understood that if at the ex-
prafon of the aforesaid period, such persons or
company be not able to commence and carry out
the proposed enterprise, then the Governments of
the United States and Great Britain shall be free to
afford their protection to any other persons or com
pany that shall be prepared to commence and pro-
coed with the construction of the canal in question.
ARTICLE VIII.
The Governments Of the United States and Great
Britain having not only desired, in entering into
this convention, to accomplish particular object,
but also to establish general principle, they here
by agree to extend their protection by treaty stipu-
lations, to any other practicable communications,
whether by canal or railway, across the isthmus
which connects North and South America. and es-
pecially to the interoceanic communications should
the same prove TO be practicable whether by canal
or railway, which now proposed to be establish
ed by the way Of Tehauntepec or Panama. In
granting, however, their joint protection to any
such canals or railways as are by this article spec-
fed, it is always understood by the United States
and Great Britain that the parties constructing or
owning the same shall impose no other charges or
conditions Of traffic thereupon than the aforesaid
Governments shall approve Of as just and equtable
and that the same canals or railways, being open to
the citizens and subjects Of the United States and
Great Britain on equal terms shall also be open on
like terms to the citizens and subjects of every other
State which is willing to grant thereto such protec-
ton as the United States and Great Britain engage
to afford. ~.
ARTICLE TX.
The ratifcations OF this convention shall be ex-
changed at Washington within six months from this
day, or sooner if possible.
In faith whereof, we, the respective plenipoten-
taries, have signed this convention, and have here
unto affixed our seals.
Done at Washington, the nineteenth day of
April, ammo Domni one thousand eight hundred
and fifty. "...
".. JOHN NJ CLAYTON, IT,. 81
HENRY LYTTON BIJLWER. fl. ST.
And whereas the said convention has been duly
ratified both parts, and the respective rati6cations
of the same were exchanged at Washington on the
fourth instant by JOHN M. CLAYTON, Secretary of
State of the United States, and the RICH, Honorable
Sir HENRY LyTToN BuLwER, Envoy Extraordinary
and Minister Plenipotentiary of Her Britannia Ma
jesty, on the part of their respective Governments:
Now, therefore, be it known that l, ZACHARY
TAYLOR, President Of the United States of America
have caused the said convention to be made public,
to the end that the same and every clause and arti
Gle thereof may be observed and fulfilled with good
faith by the United States and the citizens thereof.
In witness whereof, have hereunto set my hand, |
and caused the seal of the United States |
to be affixed Done at the City of WASH
r.. s. ngton, this fifth day of july in the year
of our Lord one thousand eight hundred
and fifty, and of the independence of the
United Stated the seventy fifth
q. TAYLOR
By the President ...
JOHN M. CLAYTON,
Secretary of State.