davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1899-05-12
WISCONSIN CENTRAL
REORGANIZATION.

The plan for the reorganization Of the Wisconsin .
system dated April 10Th. 1890 has been declared @ b
tive by the reorganization managers and copies mpeny
of New York the Old Colony Trust Company " -
ton. or either Of the undersisned r-,r., Mornss
Bonds Income Bonds Preferred Stock. common s,oek:
Of Wisconsin Central Railroad Company Conlnon s,ocx:
of PacEwaukee Montello r. X 90 toIp'" ~ % F1rst
Mortgage Bonds 81. Paul Sc Terminal hoItsasee
So Purchase Money Mortgage Notes; ot SCysnnsus
Falls and Western Railway Co First Moxleses. cer-
and holders Of Certificates of pcsit or Al tie
said securities are requested deposit the SANG 0i
United states Trust Company of New lotk ".,N plan
an or before June Sd isoa Certlncaes Of deposit vi"
given on receipt Of such securities. ..,.. ststs
Holders OF cerneS;ss q Deposit nr..snna % w,coo.a
central Company Fts, Mortgage Bonds and lncos Trpt
and holder, of Certificates OF Deposit OF Old SV, rou-
Company Boston representing Wisconsin on stock
many Income Bonds Preferred Stock. and Coninon,
are not required az present 20 deposit ther Ces
Holders OF Wisconsin Central 90 ana ndONnSnt ponts;
Wisconsin Central Raroad Company First ,v Frrst
second Series Bonds Penokee Railroad 1oinps 1poss r.
80 Eirst Mortgage uonds. Income Bonds, lHps.. snd
Notes Preferred Stock. Common stock nnnnSs Mani
,cwoc Dvision First Mortgage Bonds Mentowoc toods
scrip Mantowoc Terminal Mortgage Notes nd CEN
First Preferred Stock Second Irsferrsd ; or Trus
49,, f,rrncates OF Beneficial Interest represenuns .srns
securities will upon transfer and delivery o. oys er
20 ne United States Trust Company OF New sare Juns
Ola Colony Trust Company Of Boston. or sy pro-
al 1880 receive In cash the amounts respe0u
vded IN the said plan 80
New York MAY llth. 1879 uxo,, >nppELLr
Chairman OF Reorganization Co"'
TOsEPH s. DALE Secretary.
"a Exchange Place. New York ,.. ysv -
Maitland Coppell & Co., a Exchange fve,k
FHward swse, a Co IS Broad St. New ier6
Reorganization Managers.
New-York tribune., 1899-05-12
THE TRADE " CHICAGO.

cents to-day and closed the bottom. July
opened at 7l%c. compared with 72c on Wednesday
night. sold between 72c and 694a6s7sc, and closed
at Toe May closed at 6sc The popular interpreta-
tion put upon the Government report was that It
was bearsh. Liverpool was nd TO nd lower ind-
eating the view the foreigner took Up TO noon the
market showed some inclination to recover the
opening decline. Ohio and Indiana sent reports OF
damage from insects. The Illinois State report
indicated yield OF only 100000 bushels. with the
seed requirements OF the State 100000 bushels.
There was n strong corn market, and wheat SYM
New-York tribune., 1899-05-12
AMERICAN SECURITIES ABROAD.

London May II. p. m.--There was general and
more buoyapt feeling in American securities to-
day IN sympathy with the Improvement in New
York Yesterday. The closing tone was steady. Last
prices were Atchison. 1885; Canadian. l0lh; st.
Paul. iB. Illinois Central l17l3 Louisville. 67s'
Union Pacific preferred. 1874; New-York Central.
ls71 Erie l3s.; Pennsylvania 66as; Reading, lOl2;
Erie first preferred S6ss; Northern Pacific pre-
ferred sou; Grand Trunk. rs and Anaconda nA.
New-York tribune., 1899-05-12

RAILROAD BONDS.-Mar!5et firm and moderate
" active. Totai sales amounted in par value to
s27O5O against S2T9OOO Wednesday. The
hes West dealings in the Atchison issues. Cen
trail Of Georgia consol 5s and lst incomes. Ches-
apeake and Ohio fizs and consol 5s Fort Worth
and Denver City lists, Lake Shore 3l2s, New-York
Central Lake Shore collateral S1s. Reading As. ST.
Louis and Iron Mountain 5s ST. Louis Southwestern
lists and DDS Texas and Pacific I'd incomes Wiscon-
sin Central st receipts. Rock Island As and South
Raiiu rs
New-York tribune., 1899-05-12

statement OF the Bank OF England shows the ioi-
lowing changes: Total reserve Increased tliou"'
circulation decreased 900, bullion decreased i-o
AZ other securities decreased te%"" o'hei w.
g. dor.asod s671 oo publIc deposits increased
ts 600 notes reserve increased fl6WO ana uoke,h tha
ment securities unchanged. The proportlono o % 90 T
Rank az Engiand's reserve to liability Is ssoo P.a
cent Last week II was $3.50 per cent bahA ia'o
unchanged at per cent. . - g.,
FOREIGN MONEY MARKEIa,Caai,ss a,scouof mnf' rate
?G2 sis per cent for short and ~ per per, CEN Rern
long hills Berlin discount rate. 3es per ceil: %. rts
cYcbange on London 20 marks i5ls pfennlgs' raiiS
exchanee on London 25 francs 2Ol2 centimes' :,
EUROPEAN SECURITIES. - British ooi5o T5ot
10 s1s for money and 10 sic for the account hui"
day in Paris Spanish 4s in London "7s. ,,ox
THE SILVER MARKET.-Bar silver silver ,n T,sI london
lean silver dollars 4Sizc. Bar silver III A'"'O
coin pREMI1rM.-In Madrid, 1885: LISBON a.
Buenos Ayres 1890 Rome, 6.H.
New-York tribune., 1899-05-12
MONEY AND EXCHANGE.

MONEY RATEs-Money on call. per cent with
exceptions at per cent. The money market was
easy IN tone with rates at 3a per cent for all
periods on good railroad collateral. per cent on
mixed collateral. and above on industrials alone
The supply Of commercial paper was small. Rates
were az per cent for sixty 10 ninety day indorse
rnents 3s.G4A per for frst-eass single names
and above for names not we'll known.
FOREIGN EXCHANG Es-Market easier Actual
closing rates follow
New-York tribune., 1899-05-12

DOMESTIC EXCHANGE. = New-OrIeans-CoIH-
merciaI 81 % discount; bank, 81 premium san
Francisco-sight The: telegraph, lcc Cincinnati
over the counter SOC premium between banks, lOc
nraro,ur sayannah-Buying l-l6c discount; sell
ing 75c per 1900 premium. Charleston-Buying'
par: selling nc premium. Boston-lOgl5c dis
count and par. Chlcago-lOc premium ST. Louis
Par.
BANK CLEARINGs. 80 New-York - Exchanges
s2ss Osi: balances. $S.s72S7 Chicago-Exchanges
s242243zl: balances. t2,1A.A2 Boston-Exchanges,
sx7 1852 lO4; balances E24595 Baltimore-Ex-
changes A2s3, ,l04: balances s673903. Philadelphia
Exchanges. N133.4i0: balances. 2,B79CO.
( BANK OF ENGLAND sTATEMENT-The weekly
New-York tribune., 1899-05-12

The following securities sold Wednesday at
auction at the New-York Real Estate Saiesroon
by Adrian II. Muller & Son:
5000 Paterson CITY a.. per Ss,.mS.r cTTs rensss Ss
Interest June and December. Accrued in.
ierest from December last to be charged ,o-,,
10000 city = o Of jersey ciiy per bonds due
crued Interest from December last to be
''''" s'4 eoapo" NJ bonds. due Apri ,sS. , SoaPS.:
April AI last to be charged to the purchaser ms
s'OT 3 January ar an Sd ay ''nS %scsd
interest from January last to he charged az
8 shares Corn Exchange Bank. ............... 1855
$40 % Mon,ealr p1"e Club s'', second moisase bonds
April coupons or. lot....:..:.....;a...;:,.s
5000 easg DSnS Ts:ans and mSSsssa LTss' R1 p
cent gold S'' bonds, due July 1917. Interest
10 :saHa'! :Ssf.. K""' h COUNTY % han. q
iaSifs sfoas pfsersd % S 'o per cent
s.fes sns ae1 e. TSS and Railroad
$500 'c IaRe citis. Electric Railway company Of
Michigan city, Ind. first mortgage per
s.n, bonds. iSa1 Ds. bond h;i.a.. ,o.,,,; sn
sssrss Satonai e city HHius Bank ao,S
Il shares BANK q eSYors, X b. 49,. sSes
,oSS isST TsfTs Hsas ana h.t mort 's.
PER F.o1n sfn' aSs SSnas 81 D a. Railroad r 'S"
mortgage cent bonds, due 1928. Inter
$1,000 esso Peoria rn' and SS ST. iou. Railroad sec
ond mortsage income per cent bond. due -.
5000 Grsm.rsy Gran 'ss sugar co%pan% mortgage
Per shares cent 2s sGf Ss%a. sSaS dSs S
5000 West Shore Railroad nrst mortsase gIsr-
Interest January and July. ................. .il3*
1900 Nashville chattanooss and 81 Louis Raj,
bond. dus 1919. eoueon: j.n9S2 and July 1874
s.:ssa ss Sssa. ssn a.. i sss' s
New-York tribune., 1899-05-12
an.rsnteed br Illinois Cen.

and December. Guaranteed By Illinois Cen 90. q
., 900 Ta csieaso so,Ssd aSs Alton Railroad
Coupon; May sya and %!ssyS Railroad
gage per cent gold bond. registered due 20
sS co.p0ns sSss snS and %s..
S Ssa sS3:Gds;s Ssns % %Ssis sat Sss
m May and NDysmser TNssI and santa r. Railway
si''' % general mortgage per cent gold bonds due
1895 coupons April and October c: Raj; .i""
bonds. Ssa C0@sf%s resi.srea ' due iSs Coupons May
ooo and nT1nsSIs SSysmSsS sna ere aae Railroad rt
a" s c5SpoS. sp S:n aas SoH%
10 ooo ay NsxYork and Harlem Raiiroad per cent
Certificate due 1900. Intereet May and No ,o,,
nm smSsT Rsssss GoS e"Se Of Newescy per cent
general mortgage gold bonds, registered cer-
tIacates. due 1881 Interest January Apri'..117t
81 oo fHly EysnsTs sna oC.D aDS indianapolis Railroad com
ssIG s@ns. ast 'o1ssiiasfsd %ae
iced by Evansville and Ts.re I'll. Hau'e hai 100
soaS cSup21s AND Western Rail
ns. CaS s, ss 1927 %Sf'frfs p and
IS 900 Chicago and Northwestern Railway genera genera,
Sond due ieo2 Interest June and Decem- ,,
% ooo ssr Ssw-yort and Erie Railroad Cold fourth
S'"' sy,snded, per cent mortgage gold bonds,
regis.ered due 1920 Coupons April and DC ,.oz
a. OOO Nev-York Chicago and St Louis Railroad
hrst mortgage 4 per cent gold BOND, regis .ox >
tered due 1897. Coupons April ana Octoper loO
81 ooO Illinois Central Railroad "a per cent nrst
mortgage gold bond. registered. due IDOL ,o-,
Coupons January and july. ........ ....... :lo' =
rs shares National Butchers ana DroVers -o1
Bank ''''''''''''
10 shares Chatham National Bank. al 81
10 shares franklin Trust Company 3o, 30,
10 shares Corn Exchange Bank. 90 % 4
25 shares National Butchers and Drovers Bank i'7
600 shares National Nickel Company. per snare .
shares National Shoe and Leather Bank. iioo
share Bank of America 80
4 shares Manhattan Company Bank.....-., I49
10 shares Phenix National Bank. 10
snhres @ ~ rr1hanaa tan ........ 1854 /
share National Bank Of Republic -. ;.''' a3S aoSS
share Market and Fulton National BANK. 5-,p
3 shares National Citizens Bank -. 1907
q shares Cincinnati. Hamilton ana Dayton ~
Railroad Company preferred. ............'., w. w.
10 shares Steel Tired Wheel Company common -
40 shares Manhattan Beach Hotel ana Lana COL
Company preferred -. =. = a., 10"
OF 600 Fulton Elevated Railway company ,nne
mortgage per gold bonds due lbZy
Interest March and September. s3oVV
Kings County Elevated Railway Company
Collateral trust "a" bonds; S6 $50 kinge
County Elevated Railway Company collat-
.raI trust 'B" bonds: sl73.060 Kings County
Elevated Railway Company income deoenss cor IN
shares Importers and Traders National =,
Bank ..........-....'..''''' '''' 80 ''''''''''''
New-York tribune., 1899-05-12
STOCK VALUES LOWER.
BEARS AGAIN ACTIVE.

IMPORTANT INTERESTS SATISFIED WITH
THE COURSE OF SPECULATION
MONEY AND EXCHANGE
RATES EASIER.
Closing prices yesterday Of the princlpai az
tive securities and net changes "oin "eU
DAYS last sales were as follows:
STOCKS
New-York tribune., 1899-05-12
MISCELLANEOUS SECURITIES.

FURNISHED by Frederick H. Hatch No. 80 Broad-'t)
BONDS
New-York tribune., 1899-05-12
Houston and Texas Central First
Mortgage Bonds.
Notice of Bonds Drawn for Payment.

The HOUSTON AND TEXAS CENTRAL RAILROAD c.!,
COMPANY having in It's possession eah proeeeds s
ocott the CENTRAL TRUST COMPANY OF NEW ,Icnt YORK
and the 70 ,bs mrrbs. o; The Hoas
ton and Texas Central Railroad Companys First Mortgage
o thc price limited in said Trust Indenture puch,,
and retire 200 Of such bonds and It having een Lan.
centum OF the par value thereof and accrued interest
toSs u snch Trust IndenUre Bonds secured thereby
bearing distinguishing numbers hereinafter tatec
said rate OF ITO per centum OF the par value thereof d
accrued Interest thereon ... - ar.x, A.
The distinguishing numbers OF the oohcs so u'a"a
a follows. viz:
s5 go So os 1so 1885, 234 3o7. $50. $50 sse 81.
44s 447 44e le SIS 5S5. SEQ. 6es. 1872 $40. e'a os
III s24 si2 a23 e35. $50, 1918. 1882 1889 1884 lI
1900 1901 1905 1920, 1000 1855 1885, 1887 1888 ls.
1872 2oo7 207s 20sO 2l33. 2l43 2i59 1925 1880 -4H
247s PASS 24sO 249I 24es 24es 2s4s 27s3, 2ss7 Sss
2seo 1890 1884 1862. 3O67 306s 3Os 3os2 aosS. seA
3oS5 1855 32G7 1896 1890 3i42 1886 1888 1884 $40
353 370s 37s3 1886 $751; $3.50 1883. 1854. $3.50 ss'"
1882 42i2 4297 1927. 1859 4463 447o Ass. foS sss
40o0 1859 1855. 1876. is77. 4047 1856 1859 SOIL va
5024 5025 5054 50o6. 502 5l0s 5l7e 5ls6 olso oIs'
627i 1856 545 54l7 54is 5422 5is5. 1851. a5o2 oso
1928 5ss7 57o2 sos 300 572s 5752 5so3. 6se+ $50
5s9i eos7 GO94 6lO7. 66O $3.50 1902 1881 63oa oe-
GAIL e46o e467. G4ss 646e 6s32 664s 1862 0ooA ooe
$685. 6667 67o6 G723 $685. $685. 676s. eIs6 oslo o'I
ea3o 7o4e 1888 7i3s. 7i 1872 1922. 400 1870 900
1864 1905. 1881. 1882. 1902 770S 77ss 1900 '"' '~
7s9 1899 1898. sO39. sOa8
The bonds bearing such distinguishing numbers .ln
paid for the above mentioned. VIZ: Hv -,
accrued interest. presentation ue ~.
with all unmatured coupons attached thereto ~ ~
Office Of the Houston and Texas Central KsIroso |0
pany Mills Building. New York City -
The bonds drawn will cease to bear lnteres sr.rns
and after sixty days published notice of suSa o'-
viz: From and after the 30th day OF June, 1879
NEW YORK. April 18th. 1893.
HOUSTON & IExAS CtNIRN RAILROAD ComPS"
BY THOS. II. HUBBARD
President
New-York tribune., 1899-05-12
THE DAYS OPERATIONS IN BONDS.

GOVERNMENT BONDs.-Market firm. Actual
closing rates follow:
New-York tribune., 1899-05-12
BONDS.

.Er-stock dividend 100 per cent.
New-York tribune., 1899-05-12
BOSTON STOCKS.
SECURITIES AT AUCTION.

The following securities were sold Wednesday al
auction at the New-York Real Estate Salesroom
by Adrian II. Muller & Son:
New-York tribune., 1899-05-12
closing rates follow

Bankers posted rates were
The Globe-republican., 1899-02-02

COT 6uuud1 meetings OEduu AOO&o
A. F. & A. NJ, Grand Chapter R A. M.
and Grand Council, r. & s. NJ of Kan
sas, held at Leavenworth, Kans, Feb.
1918, 1899. The Santa Fe will sell
tickets at one fare for the round trip.
Tickets on sale Feb. Ills, good to re-
turn until Feb Is, 1899.
Annual convention Kansas State
Temperance Union held at Topeka,
Kans, Feb. rs. Fare and one-third
on the certificate plan via Santa Fe
Route. certificate to be signed by Mr..
T. E. Stephens, secretary, 703 jackson
street, Topeka, Kans.
Annual meeting Kansas Common
wealth Institute held at Topeka, Kan.
Feb. 5-1a Fare and one-third on Ger
tificate plan from points in Kansas,
certificate to be signed by Mrs. Annie
L. Diggs, State Librarian, Topeka, IA
w. j. BLACK, G. P A.,
Topeka, Kansas
There is new lodge in Kansas; for
boys this time. It is military in its
nature, and the members take pledge
to abstain from tobacco, intoxicating
liquor and profane language
A Sedgwick county young man adj
verified for . wife under an assumed
name. Then photographs were ex.
cha1ged and the sister felt so humi.i.
ated that she told her mother. The
old lady broke the news to pap. who
uwned and remarked: Mother. it;S
pretty hard to have two fools in ooe
family"
The Globe-republican., 1899-02-02
They Know 1t.

The American farmers. with FUN
barns and granaries, farmers who have
bank accounts and Cancelled mort
cages, they know that the country is
vastly more prosperous than it was
five years ago. The workingman who
wants to work and Is at work and be-
ing paid wages knows it, The manu-
facturers who have orders for their
products for weeks in advance of pro-
duction know it. The merchants whose
sales are much larger now than in pre-
viOus years know it, and the reports
from the clearing houses show that the
bankers know it.
There are destitute people. yes, there
always have been and always will be.
Nobody expects prosperity that will
relieve all restitution everywhere.
And when the fact that five thousand
people are fed in city of more than
a million is cited as evidence that the
country is rot prosperous. it is the re-
suit either Of thoughtlessness or OF in
sincerity.-knoxville (Tepn.) Journal
and Tribune.
The Globe-republican., 1899-02-02
The Remedy.

The revival OF American shipping
would be great benefit to the nation.
1t would add hundreds of millions to
our income. 1t would reopen old ship
yards and produce new ones 1t would
afford new avenues for foreign trade.
1t would enable our merchants and
manufacturers to avail themselves OF
the recommendations Of o,,r consuls,
who are continually calling attention
to openings for American enterprise.
which fall upon dull ears because there
is no means Of communication
The remedy for steam lines is rea-
sonable subsidy. and for sailing yes
sells a modification of harbOr dues.
where possible, and tariff discrimina-
ton of per cent, or such sum as may
be required. The rebate in the tariff
will serve to reduce the subsidy.
The books of any steamship COM
pany or shipping firm would show
where the losses occur. and the rem
edy could be made to At the disease
Jersey City IN. ~ Journal.
The Globe-republican., 1899-02-02

and between goods imported into the
United States in foreign vessels and
vessels of the United States, be, and
the same are hereby repealed; SUCH
repeal to take effect in favor of foreign
nations whenever the president of the
United States shall be satisfied that
the discriminating or countervailing
duties of such foreign nation, SO far
as they operate to the disadvantage of
the United States, have been abol-
ished."
Dust for the Public Eye.
The assumption that any discrim-
mating duties of foreign nations "op-
Grated to the disadvantage of the
United States" was false and absurd.
Besides, the British system of ship
protection consisted for the most part
Of prohibitions. as already shown.
Several of these It was not expected
they would give up, nor did they. We
had no prohibitions, but were to give
up all our system; the British only
part Of theirs.
We have had historians whose ac-
count of our submission to fate wells
the truth. The experience of twenty
six years had proved that our discrim-
NATIVE dutiei were highly protective.
much more than offsetting those of
other nations, and especially effective
in securing to our vessels cargoes in
foreign ports for carria.e homeward.
On this security of employment abroad
rested the whole advantage of our
ship protection. This it was that
Great Britain wanted removed. Only
the prohibitions OF foreign nations OBJ
structed our navigation. These the
act of 1915 did not touch. The only
gain from the convention of July 3.
1915, at London. was the continuance
Of the peace provided for by the treaty
Of Dec. "a. 1914. at Client. That is to
say. our ship protection as against the
British was cast away as the price OF
paefhcation. The convention" Of 1915
provided IS follows:
ne Rseipseesty Cssvsasss~.
Article L Freedom Of commerce and
The Globe-republican., 1899-02-02
Our Merchant Marine.

The carrying trade of the United
States now conducted by foreign sail
ors and credited to foreign bottoms is
estimated at $1,000 .00o. 900, and that
credited to American bottoms at $780,
100000. In 1860 the trade of Amer
lean bottoms was estimated at $507,-
247,757. and foreign bottoms at $685.
Ol0, 1913. but since then there has been
e steady and uninterrupted decline Of
American bottoms and a correspond
ing increase of foreign bottoms. All
Of which demonstrates the soundness
Of the Republican policy to re-estab-
fish our merchant marine.-Allegheny
pa Record.
The Globe-republican., 1899-02-02

To yield is to submit; to submit is
to become subordinate; to become
subordinate is to generate a nerveless
national courage Such seem to be
some of the sequences of the war of
1872, Of the peace treaty and conven-
lions following. England forced that
war, that she might destroy our skip
ping power We made our fight for
free trade and sailors rights" and
our battles won merited better reward
than failure to secure their object, and
to lose our ship protection besides.
England got her desire shaped for &C
complishment, not by whipping cur
armies, or by capturing our ships and
seamen. but by bold and diplomatic
fencing with our yielding and submits
sive government. Our shipping power
being now reduced to zero. British
statesmen patronize and flatter us.
Our legislators are presented with a
rattle; our press is given straw. All
at once commercial conventions be-
come sacred things. Our flowing
courage drips from our finger ends.
and the prospect of shipping restora-
ton melts away
The Open Door of American Reciprocity
When the peace treaty of 1914 came
to be considered the battle of Waterloo
had been fought and Napoleon made a
prisoner of war. Great Britain.
flushed with victory. would not agree
to any stipulation respecting the i'm
pressment Of seamen, nor to any
definition of neutral rights as to block
AIDES, but insisted that the treaty
should be followed by a commercial
convention that should establish a
policy of maritime reciprocity"-an
open door" to freighting-under
which the present state of our marine
might be brought about We had to
treat with our enemy or fight him sin
gle-handed-so we treated. To enable
the executive to meet in convention"
our exacting friend. Of the firm and
universal peace" just ratified, congress
passed the first act for stripping off
our ship protection, March 3, 1915, as
follows:
That so much of the several acts
imposing duties on the tonnage of
ships and vessels, and on goods, wares,
merchandise imported into the United
States. as imposes discriminating
duty on tonnage between foreign YES
sells and vessels of the United States,
The Globe-republican., 1899-02-02

navigation. - to the territories Of the
United States Of America. and all the
territories Of His Britannia Majesty In
Europe" but not elsewhere.
Article II. No discriminating duties
on imports. exports or vessels; equal
ity OF duties and drawn ks. and rec
iprocity in freighting: but inter-
course with the West Indies unsettled;
prohibition in force there.
Article III. American vessels to be
admitted lat the principal settlements
of the British dominions in the East
Indies" but cargoes must be carried
to the United States-not elsewhere
ard in time of war prohibited articles
not to be carried at all. The coasting
trade in the Indies reserved.
Article Nv. Consuls to reside in
places where either Of the contracting
parties have no objection.
Article v. The convention" to be
binding for four years from signature.
More Conventions"
There was a second convention"
at London. Oct. 20. 1918, respecting
fisheries, boundaries, ETC., that by its
fourth article extended the time OF the
reciprocity convention for ten years:
and by a third convention" at Lon
don, Aug. 6. 1927, the time was fur
Their indefinitely" extended by its first
article from the date of the expira-
ton Of the said ten years." but Article
II. following reads thus:
1T shall be competent. however, to
either of the contracting parties, In
case either should think fit, at any
time after the said ten years-that is,
after the 10Th of October, 1S2S-on Civ
ing due notice of twelve months to the
other contracting party. to annul and
abrogate this convention" and it
shall, in such case, be accordingly en-
tirely annulled and abrogated, after
the expiration of the said term Of
notice."
Thus the Convention might have
been annulled and abrogated by either
party on the Goth of October. 1929, or
at any time since. in conformity with
its own provisions. 1t has been in
force over siXty-nine years at least
against the interest of the United
States, and for the last thirty-seven
years to the lingering sufferance of the
country. Why should We longer sub
NIT to the winner of an unjust con-
test? If she insists We shall, are We
to be her subordinate forever?
No Violation Of Treaty Obligation.
A wrong impression is abroad that
a return to the early ship protection of
discriminating duties involves a vio-
lation of a treaty with Great Britain.
There is nothing of the kind involved.
Our agreement Of July 13. 1915, was
not treaty in the proper sense, but
convention" with a time limit fixed
This distinction is important. We
have discharged every obligation to