New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-06

though rich in land andndnstry were poor IN money ana
floating capital In 1850. The schems for canal even
too vast for The means the Americans ofthst day
who numbered then considerably less than onehaI OF
had what they had not surrendered their exclusive
privileges, offered an equal share on al 'nsy
pressed in '"07 tho feg seventh article Of the
treaty. that time should be unnecessarily lost N
fault OF theirs time was unnecessarily lost, the work
was never begun and the concession failed
called upon by any principle Of equity 70 revive those
provisions Of the Clayton-Bulwer treaty which were
and apply them to any other concession which has been
may hereafter be made. The conditions oosS2
now abundance Of surplus capital for such enter
prises and have need to call upon foreign capi sDss
United states may also desire TO be Tree 70 place
the credit of the United states At the service OF one oT
OF these enterprises The President does not Ieel
himself warranted IN making any engagement or any ao-
mission respecting the extinct PROVISIONS Oh tns LOB
such n purpose On the contrary frankness requires
the United understood TO be accepted by the two
Governments under the provisions OF the treaty have not
carried out the propos enterprise the United states
esteem themselves to refuse to afford their pro-
lection Jointly with Great Britain 10 any other persons
or company and hold themselves free hereafter TO
tect any nteroceanic communication IA which they or
their citizens may become Interested in SUCH way as
treaties with the local sovereign powers may warrant
and their interests may require $3.50
There are some provisions OF the treaty which the
President thought might be advantageously retained
opened by tue note TO you the 18th OF November last
in which those points indicated the President s
still ready part Of the United states agree that
the reciprocal engagements respecting the establish
free port at each end or whatever canhl may
be ucted shall continue IN FORCE and 70 define Dy
agreement the distance from either end VI the cana
captures be made by bel1gerent In tlne Of
war; and with this definition thus made to Keep alive
the second article Of tue treaty lie hopes that Lord
Granville future consideration may not De averbe 10
revising his opinion that such agreements would not Ee
beneficial.
Of his note of January that the United states should
take initiative in invitation to other Powers 10
participate agreement based upon the convention
OF 1880 the President Ii constrained by tine cOnsdera
tons already presented 10 say That the united States
state. with entire franKness, that the United states
would look with dsfayOr upon an attempt AT concert
of political action By other Powers in that direction
1t Is necessary To observe tnat there Ia no pro-
vision OF the CaytonBnlwer treaty WHICH authorlzes
Great Britain lnye, Obiges the United states TO
accept, aid other DatlOns 10 protect or 10
guarantee the neutrality Of the Panama route
Fortunately, the want Of harmony In the views
nj 1.e two d,oyerumeuts have at
present no injurious influence. No canal yet exists
the Isnmns and in the natural course OF events
time olapse before one can DC constructed
nile the points OF divergence between Her Males
TVS and thai OF the United States may DIS
nppear The President hopes that long before the sgect
becomes OF pracica Importance Her MaJestys Gov
eminent may be brought that the interests OF
Britain and OF the United States IN tns matter are
IDENTICAL aud best promoted b, the peaceful pOcy
which he mas marked cut Tor tnls country
In the meantime the diversity OF opinion which now
will any impair the good uDders landing
happily existing between tue people aud Governments VI
the United states aud Great Brian $500
You VIII TINS dspaten u Lord Granville, and II he
desires to copy OF 1t you leave one WIN lln
FRLDLIuCK T. FRELISGHUYsES.