Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-19

of which was published In last Saturdays pa
pers, have to-day practically concluded their
discussion of the merits of tho fishery Quos-
ton, and have prepared protocol for tho ad-
justment Of the fisheries upon a basis Of ro-
ciprocating. and which is now nearly In shape
to DO signed. This protocol consists Of four
articles:
First-the British Government agrees 10 al
low fishermen of the United States to fish on
the coast of Canada. New Brunswick, Nova
Scotia, Newfoundland aud Prince Edward
Island without regard TO distance from the
shores of the coast above named other than
private property. This provision, however,
don't apply to shad or salmon fishing. or TO
fishing of any kind in the rivers in nets. etc.
Second-British or Canadian fishermen shall
have the right to fish on the coast Of the
United States north Of latitude 80, and shall
have the same privileges on shore as those
granted in the first Article to American fisher
men on the shores of the coasts Of British
North American possessions. This provision
does not apply to the catching Of shad, sal
mon or shell-fish.
Third-There shall be appointed by the
President Of the United States. with tho con-
sent Of the Senate, and by the Queen Of Eng,
land. each, one member Of the commission of
ar5itrament. and by the two high contracting
parties jointly third member Of such COM
mission. of in case the high contracting
parties cannot agree on tho third member he
shall be appointed by the Emperor Of Austria
and King Of Hungary. ANY vacancy that
may occur in the commission after organiza-
ton shall be filed in the same manner MS in
the original appointments. This commission
shall meet at Halifax soon as possible after i
shall have been appointed, and shall be
charged with the duty of deciding as to the
relative value ofthe privileges conferred upon
the citizens of both countries, respectively,
under the provisions Of the first and second
articles; and If 1t isfound that either of the
high contracting parties receives greater BEN
eft than the other, the party so benefited
shall pay such sum ofmoney to the other party
as the commission Of arbitrament shall adj
judge to be equitable. and such payment to
be paid within two years. This commission Of
arbitrament shall have two secretaries, who
are to be appointed by each of the high con-
tracting parties. Provision is made for the
joint payment Of its expenses.
Fourth-This article provides that this con-
vention shall take effect within six months
after its ratification by the Senate of the
United States and the Queen of England and
Parliament of the dominion of Canada, and
shall continue in full force and effect for n
term of years which has yet to be fixed.
The conviction is daily becoming stronger
here that a change is contemplated in the
Treasury Department, though there is much |
doubt if it is made Immediately. as no sue
cessor to Mr.. Boutwell, is known to have been
selected. The dispatch from Vienna to-day |
that Mr.. Jay has been transferred |
to Canstantinople is thought by some to reveal |
a part of the programme Of the Administri- |
ton in regard to this matter. as it was re-
ported quite recently in certain circles here
that Mr.. Boutwell, was to be made Minister to |
Austria when he left the Treasury Depart |
ment. The report that Senator Morton is to |
succeed Mr.. Boutwell, is, however, without
the slightest foundation, which that gentle
man has denied to-day, having recently as
sured friend that he viii accept no appoint
ment from the Government.
The President and Secretary of State, in
view Of the probable result of the negOtia-
tions of the Joint High Commission, and prob
able necessity for action by the Senate. have
been quietly sounding Senators through the
Committee on Foreign Relations. to ascertain
what time would best suit them for an extra
executive session. Thus far majority of
Senators have expressed themselves in favor
of a meeting in the early part of June. Most
of them desire to return home for a season.
but will be ready in month or so for the new
and important business which it is expected
will be submitted TO them.