The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-01
The Convention with New Granada.

II
New Granada acknowledges her responsibility with
respect damages caused during the riot at Panama
the 18th OF April, 1S56a responsibility resulting both
from an obligation and from an attribute Of her sove-
rexniy and all reclamatons arising from the said riot
as well as all others pending o. american c'zsns against
at washingtoa, composed OF two individuals one OF
them nominated by New Granada and the other by the
United States all OF disagreement to be decided by
an arbitrator who Is to be nominated either by the
mssioners themselves before beginning their aoors, or
by the Prussia in the United States should the
commissioners not agree upon the choice
The commission Will examine and estimate all re-
CARNATIONS which may be presented to 10y the
the sums to be paid in such cases where
deems to be just 10 indemnify tho claimants; il will
deliver each OF them the respective certificates and the
whole amount Of them will be paid 10 the government Of
the United states, at Washington In equal semi annual
rates The amour. o. nsvs sSs IN pear an nj
ra,es) from the day the respective decision has been
pronounced
In order meet those payments New Granada especial
y desnes the half OF all the resulting from tho
profits OF the Panama Railroad Company but in case that
should not be sufficient she Will have recourse 10 other
means for the samc object
The decisions 81 the commission will he definite with
respect To all reclaaons which may be presented TO it,
and will serve for New Granada full nrqait,a ef all
claims Of citizens OF the United states which may have
been raised against her before the signature OF this con
veniion.
zach government will pay the expenses Of its commits
soncr those ~ the arbitrator and the accidental ones will
be paid by beth by halves.
The terms stipulated are the folowng-The exchange
Of the ratification shall take place within nine months
from the signature Of the convention or earlier u posi-
BILE The commission w meet ninety days after the ex
change OF the rathcaons ts abors viii last nine months
sx months after the day closes them the FIRST payment
shall be made and the whole amount has 10 be paid up
within eight years from the same date.
Article literally says;-As far as the United States
may desire 10 purchase to hold by lease portion Of
tae territory OF the Islands Of the bay Of Panama.
order establish there coal depot the government
of New Granada wishing 10 comply with the desires Of
friendly nation grants ~ the United States the privilege
Of purcha ing taking by lease the said portion OF terri
tory which not to exceed hundred English in
extent wherein the United states allowed TO establish
wharves and construct such buildings may be
nv o the enjoyment of this privilege for the said object
and whilst the United States occupying the said terri
tory no contributions q any kind will be demanded, either
on H. furniture, wharves and other buildings therein
erected, the property Of the United states employed
or deposited there But IL u understood, and expressly
stipulated that the said concession shall not In any
impair affect the territorial sovereignty OF the republic
az New Granada the portion &c territory occupied by
United states either in consequence Of purchase or
a lease.