New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-24
YORK DAILY TRIBUNE MONDAY, o. s5-TRIPlE


urovisons NJ hs contract m having CHARGED the Psch
Mail steamship Company for the transportation OF III
passengers and eghs rates far In excess OF the csso
shed tariff and those charged to the English steamers
these allegations be substantiated it would seem ~
n the Panama Railroad Company franchise was in too
great jeopardy to permit it to extort from the Pacific
Mail Company unreasonable and excessive charges
In regard lands granted by preceding articles Aru
Gle % provides:
In case the present privilege conceded to the com
bana il shall return 10 the Republic such lands granted
In ownership, and by gratuitOus title, rs may no, y,
nave no rahf 70 exact any decentralization Tor improve
ments, nor for any other cause
In regard power OF the Company TO sell or assign
its franchise IA the following
ART XVIII The present privilege cannot be coded
or transferred to any foreign Government that Is 70
any Government existing outside of Colombian Terri
tory under pain of forfeiture OF tho sid privilege by inc
act of attempting verifying such cession or trans
fer which act. from the present tnc Is declared aDn
utely null aud Of value effect This privilege shan
also be forfeited in the Railroad Company shall not
execute the transportation during period exceelhs
This privilege will also be forfeited by the failure OF pay
men being year overdue. of any OF the quar-
tery payments Delay in the payments for less period
the Company to the yment Of interest at tho
rate of per cent per annnm
In regard TO tie disposition Of the property At the ex
pratOn of the term Of the contract or by its earlier for-
fixture, find the following provision:
xxx. In Of tho forfeiture Of this privilege
from any cluse Che ownership and n possession on the
Railroad with AZ Its dependencies afpurtenances and
accessories shall pass to the Repuhlc without the Com
pany having thereby any right 10 decentralization or re-
AET xxx. The Government Of the Repuhc binds
itself 10 protect and maintain in all theiF integrity the
rights OF the Company resulting from the present con
act provided the Company complies pungtualy on rs
part With the duties and obi cations which Il undertakes
and that the privilege cc"tnue in force. ,-,
AIT. AAAVl AT the expiration OF the term - the prlVl
ieee and by the sole fact u ts expiration ts SovcrI
n~st Of the Colombian Uicn shall be Gubsiitlted n al
IN" rights of the Company and shan enter liniaatE
into the enjoyment OF the n> Of communication or al
IL fixtures. Of all IL dep ndeees, and Of AL IFS prodact
Inc Company shal DC DOuhG 20 uelEer 10 Iio N1Nci.
mcnt N good order the roads she worAs which conpOse
them anu their depeneenc es snch ~ Andlhy aia us
charging PAGES, ohcs machines ana III srBoii "a Nna
ever mOveabe or inmOvabe oh9ects. whether desftlcd
for the especial service ~ transportation or applicants TO
anv other object connected with the enterprise
ART. NXXElI. Tho present contract contains all |ao
Ra.,roaI Conpany has acquired for the future Ia
OF which ~ Is declared and the parties hereby e.
rights privileges which arc clearly not contained ~
TINS contract, unless they may be granted by Subsequent
acts.
In the original contract as made July 5, 1857
Article 80 provided for an arbitration OF all questions
that may between the Government and inc Com
pany az the understanding or the execution Of this
contract but this the Government rejected and IL 10
place substituted the following;
ART. XXXIII. Questions which may arise between
tie Government Of The Republic aud the Railroad Com
pany concerning the understanding or The iihent 81
ract, snail DE decided by tho couIts AMI uibl-
nails The Colombian Union according 10 tho COnstlu-
ton and laws OF tie l. eguJnc
so it seems that al complaints against the Company
for violation Of is contract shall be decided by the
Governments own courts.
Article Of the decree" confirming the contract as
had amended by legislative act was as follows:
The executive power authorized, in case that MI q.
81 TCtten attorney OF tie mama Railroad Company,
should NOS accent the contract which this decree
refers, in the OF the present legislative act To
make with any other or company after soliciting
lrs and tho basis 1v the approval of said con-
tract serving a minimum II being always UNDERSTOOD
the other hand. that its Iiuent shall Do assured ny
the necessary guarantees. The executive power may
make OF t'iis authorization within the term OF six
months, counting from tie date OF the sanction OF tn4s
deere
Tne contract TO have been drawn with great care,
and 20 have received the deliberate attention Of the Co
lomban LEGISLATURE before its confirmation and rs VIII
b. ny the FOREGOING extract from the Decree OF
August To- 1867" the contract il mad been amended,
allowed the Panama Company alternative but ito
ceptIn,e or Rejection.