Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1850-12-12

lations concerning the traffic thcreupon
as are contrary to the spirit and inten-
ton ofthis convention, either by making
unfair determinations in favor OF the
commerce Of one ofthe contracting par
ties over the commerce Of the other, or
by imposing impressive exactions or
unreasonable tolls upon passengers, ves-
sells, goods, wares, merchandise or 9TH
er articles. Neither party, however,
shall withdraw the aforesaid protection
/ and guaranty without first giving six
six months notice TO the other.
/ Article vi.
The contracting parties in this con-
vention engage to invite every state
with which both or either have friendly
|! intercourse to enter into stipulations
with them similar to those which they
have entered into with each other, to the
end that all other states may share in
the honor and advantage Of having con-
tributed to a work ofsuch general inter
est and importance as the canal herein
contemplated. And the contracting
parties likewise agree that each shall
enter into treaty stipuations with such
ofthe Central American States as they
may uCCtl VuNlbdOiC. lOT DuIDObC VI
more eiTectually carrying out the great
design Of this convention, namely, that
of constructing and maintaining the
said canal as a ship communication be-
tween the two oceans for the benefit Of
mankind, on equal terms to all, and Of
protecting the same (; and they also a.
gree, that the good Offices Of either shall
be employed, when requested by the
other, in aiding and assisting the ncgo-
tiation Of such treaty stipulations and
should any differences arise rs to right
Of property over the territory through
which the said canal shall pass-bc-
tween the states or governments of Cen
trail America,-an such differences
should, in any way, impede or obstruct
the execution Of the said canal, the gov
ernInents of the United States and Great
Britain will use their good offices to set
tie such differences in the matter best
suited to promote the interests of the
said canal. and TO strengthen the bonds
OF friendship and alliance which exists
between the contracting parties.
II Article VII.
il 1t being desirable that no time should
be unnecessarily lost in commencing
and constructing the said canal The Gov
II ernment OF the United States and Great
Britain determine 10 give their support
and encouragement to such persons or
company as may first offer to commence
the same, with the necessary capital, the
consent Of the local authorities, and on
such principles as accord with the spir-
II and intention Of this convention and
III iEunu ehn,,H nI-
ready have, with any State through
which the proposed ship canal may pass,
a contract for the construction Of such
n canal as that specified in this conven-
ton, to the stipulations of which contract
neither Of the contracting parties in this
convention have any just cause to OBJ
| ject, and the said persons or company
shall, moreover, have made prcpara-
tions, and expended time, money, and
trouble, on the faith OF such contract, il
is hereby agreed that such persons or
company shall have priority of claim,
over every other person, persons, or
company, to the protection of the Gov
ernments ofthc United States and Great
Britain, and be allowed Il year from the
date of the exchange Of the ratifications
Of this convention for concluding their
arrangements, and presenting evidence
ofsufIicient capital subscribed to accom-
pllsh the contemplated undertaking it
being understood that if, at the expira-
ton of the aforesaid period, such per
sons or company be not able to COM
mence and carry out the proposed enter
prise, then the Governments of The Uni
ted States and Great Britain shall be
! free to afford their protection 10 any
other persons or company that shall be
prepared TO commence and proceed with
the construction ofthe canal in question.
Ariicie VIII.
The Governments Of the United
States and Great Britain having not on.
II ly desired, in entering this convention,
to accomplish II particular object but
also to establish a general principle,
they hereby agree TO extend their pro-
tection by treaty stipulations, TO any
other practicable communications, wheth
er by canal or railway, across the 18TH
mus which connects North and South
America, and especially TO the inner
oceanic communications, should the
same prove to be practicable, whether
by canal or railway, which are now pro-
posed to be established by the way Of
Tehauntepec or Panama. In granting,
however, their joint protection to any
such canals or railways as are by this
article specified, 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 equitable 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 10 the
citizens and subjects Of every other
State which is willing to grant thereto
such protection as the United States
and Great Britain engage to afford.
II Article TX.
The ratification of this convention
shall be exchanged at Washington with
in six months from this day, or sooner if
possible.
In faith whereof, we the respective
plenipot otentiaries, have signed this con-
vention, and have hereunto affixed our
seals.
Done at Washington, the nineteenth
day of April, ammo domini, one thousand
eight hundred and fifty.
JOHN M. CLAYTON, H..