Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1853-02-08

designs shall become common and per-.
petual to all countries. Such an exam.
pie Of abnegotion Of selfish and exclu.
sive interests would be the moro striking
and admirable when exhibited by great
and powerful country, thus voluntarily
prcferring to accept the sovereignty Of
the grca, principles Unnatural justice a.
mong nations in reference to work Of
r almost intellectually vast importance,
rather than attempt TO secure those ad.
vantogos to itself, which its geographi.
cal position and its power would per.
haps enable it exclusively to possess.
Project for Uniting the Waters Of the
Pacific and atlantic Oceans, by a ship
Channel through the Isthn,us Of Pan.
ANA, or at some other point.
l. 1t is proposed that the work shall
be executed by tho united contributions
Of the commercial nations Of the world,
or such Of them as may agrco in the un'
dertaking.
2. Iii is proposed that the ratio Of con.
tributions among the parties shall be
that Of their respective amount Of ten.
mage engaged in foreign commerce, or
some analogous basis Of equality that
may be agreed on. .
8. That the work shall be executed
under the direction OF seven commission.
ers. to be appointed one by each Of the
seven powers paying the highest amounts
OF contribution.
4. That the said commissioners shall
be empowered to explore the several
! proposed localities proper for the con.
struction of the canal, and that ma.
: jority of them shall decide upon the
points best adapted for the execution ol
( the work, as we'll as on the scale on
I which it is 10 be made.
s. That the contracting parties shall
# empower the said commissioners 10 treat
y with the State, through the territories o.
# which it is contemplated TO construct
. the canal, for the cession Of the requir.
ed extent Of territory, with the entire so
!. vereignty thereof, from sea to sea: say q
!, belt Of six miles in width, reaching
G from shore TO shore.
j. 6. That the work shall be completed
c within fixed number Of years, say
or ten from the ratification OF the trca
j. ty ofagrcement for that object by th'
y contracting powers. ..
}. I. That each Of the contracting par
a ties shall pay into the hands Of a ban
l. kcr, to be selected by them, one eight
or ono tenth Of the estimated cost pr
o rata. Of said work each year, for tn
:. eight or ten successive years. The esti
/. mate TO be made by the said commits
e sioners previous to the commencement
e Of the work.
/. 8. That an exact account Of the de
ii tailed expenditures on the work shall b.
t. annually made by the commissioners Il
n the government Of each of the contract
n ing parties. .'-
IS 0. That the vessels Of the countr,
}. celing the required territory and sover
ID eighty, shall have free passage ,hrougl
d said canal for ever, without any charg
70 whatever.
5, 10. That the said canal shall be opel
<. to the navigation Of the vessels Of al
ID nations, upon the payment Of duty ac
rs corling to the value OF ship and cars
ot or some other equitable principle calcu
(. lated to meet incidental expenses Of ad
r. ministration, keep the works in repair
1t and ultimately repay TO the contractin
is parties their respective advances pr
IS rata.
ct IL. Itis to be stipulated that any at
tempt Of any one Of the contracting par
$. ties, or Of any other power, to get forc
Is bic possession Of said canal, shall b
m considered fragrant aggression upo
,e the rights Of each and all the other pal
i. ties to this convention. @ .''
l2. 1t is to be stipulated that, in time
a. of war between any Of the contraetin
t. parties, no seizures made within tw
Of hundred miles Of either mouth Of said cs
0. nal, shall be considered lawful prizes
a. l3. Tha, ships Of war shall not b
C. permitted to approach or pass the cana
with their guns mounted. 4
a. 14.That it shall be the duty Of tn
e. said commissioners to establish all neet
al full regulations touching the interests {
.. the canal, and that said regulations sha
n. be binding on the citizens or subjec
vn ofthe several contracting parties, and o
ch all other persons.
III Is. That no forts or buildings Of ar
u kind shall be constructed upon the CO..
L b. b o. . Z