Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-07-01
EASTERN DISPATCHES
TIE NICARAGUA CANAL.
Full Text Of the Csneession-fhe
Work h0on 10 be Commenced.

WARRINGTON, July A.-Ine iuii to1t
of the I~nteroceanio Canal concession
granted by Nicaragua to the American
Provisional Society has been received
here. /. 10 signed by Don Adam Cards.
mas, Minister Of Foreign Affairs, and F.
A. T. Menooal. Minister and Commits
sioner OF the Provisional Society. The
concession has been duly ratified BY the
Nicsrasua Senate and published u . law
by the Republic. The Provisional soci.
ETY., under the farms Of this concession,
ssourss the exclusive privilege to con.
struot q ship canal across the territory
OF Nicaragua. The canal 10 to be Of SUN.
ciept dimensions 10 accommodate steam.
era Of the largest class used between Eu-
rops and America. and tho locks are to
DO not less than 500 feet long and 2S feet
deep. The concession Ia for ninsty.nine
years from the date Of the opening Of
the canal for general trafao. and ct the
expiration Of that period Nicaragua 10 to
take possession Of the canal In psrps-
tuity, with the right reserved to the
company 10 lease Il for another ninety.
nine years. During the period OF Don.
oession the company 10 to have tbs
privilege Of constructing . railroad along
the whole or any part OF the canal; also,
such telegraph lines % u deems nsoes.
sary for the construction and working Of
the canal. These lines shall transmit
public messages free Of charge. The
Government Of Nicaragua will declare
tho terminal points, and the canal itself
throughout IL length Is to be neutral,
aud that the transit In case Of war DO.
tween other powers and Nicaragua shall
DO uninterrupted.
In general, the canal shall be open to
the free navigation Of oil vessels, pro.
vidsd they pay the dues and observe the
regulations Of the company. Troops Of
foreign nations and vessels Of war will
bs allowed to pass through the canal
under regulations Of tho existing treaty.
Vessels Of war belonging to other
nations engaged In hostilities with MIC
srsgua, or any other Republic Of Csn.
trail America, will be vigorously excluded.
An effort will be made to procure . guar.
autse from all the powers OF the neutral.
ity OF the canal and Of Q zone along It,
and on the seq In the vicinity Of the
terminal ports, where the dimensions
will be defined. This concession. with
all its advantages and privileges, will ap.
pertain to q construction company. trans.
israbls only to the company whieh Is to
be organized by the Provisional Society.
and in NO case can II bs transferred to Q
foreign Government or power. 1t IL to
be organized In the usual manner Of
such enterprises. with the principal
Office in New York or elsewhere, a. 1t
may deem most convenient. Its desig.
nation will be THE Nioaraguan Ship
Canal Company" The company 70 to
be allowed to bring immigrants 10 Mica.
ragua freely from all parts OF the world.
but Il l. required to bind itself not 10
interfere In questions which directly or
indirectly may affect the public peace OF
Nicaragua, and not to give protection to
criminals or disturbsrs OF the peace. 1t
is exempt from every form OF taxation
during the period OF this concession.
The remainder Of the document refers
to routine matters. Captain Phelps,
President OF the Provisional Socisty, 10
now In Europe for the purpose Of ar:
ranging for an early commencement OF
the work,