The herald., 1896-11-13

in the transaction. First, and by far
the most important, Is in the nature of
. solemn agreement between the United
States and Great Britain on the terms
Of which the boundary question is to
be settled and the form of the court
cs arbitration It is lacking in the tech
meal characteristics of a treaty, and
in form is final agreement duly signed
by representatives of the two govern
Hments Then, because the subject mat
ter of the boundary question lies be-
tween Great Britain and Venezuela.
the second paper is made necessary.
This is in the form of treaty. the con-
tracing parties being Great Britain and
Venezuela. This will explain some of
the antiquities of the terms that have
arisen as to the agreement and the
treaty
Literally, the United States and Great
Britain have made an agreement by
which the terms of the arbitration
treaty between Great Britain and Ven
ezuela are framed. Each instrument
will relate to the other and be part of
the common understanding on the en-
tire subject. In this way Venezuela re-
tains her attitude as contracting par
" to the final treaty. But as the treaty
IL shaped by agreement the United
States is the instrumentality by which
the full results are accomplished, and
names two of the judicial arbitrators.
AN HISTORIC MOMENT
LONDON, Nov. 12.-The St James
Gazette publishes leading article
headed An Historic Moment, in which
1t says:
Lord Salisbury's great admission of
the principle that the United States has
right to intervene in the frontier dis
putes of the American powers and COM
pei disputants to arbitrate. altogether
transcends in Importance the question
of the Guiana boundary. / is a formal
recognition of the hegemony of the
United States on the American conti-
nent and gives the president a position
in the new world which medieval popes
and emperors tried vainly to claim in
Europe"
An official of the foreign office said
today that it was not likely that King
Oscar III of Norway and Sweden would
sit with the four Venezuelan arbitrd-
ton jurists, intimating that he would
be represented by fifth jurist to be
nominated by himself. The report pub
lished here this morning that the chief
justices of the United States and Great
Britain would not select natives of the
United States to act as arbitrator is
denied. 1t is added that the chief JUS
tees will have nothing to do in the
matter.
A BITTER PILL.
PARIS. Nov. 12.-The Temps today
expressed itself as being greatly con-
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A CRACEEIrI, RACKDOWN
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