New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-07
THE NEW CANAL TREATY
NO AMERTCAN INTERESTS
SURRENDERED.
TERMS OF THE CONVENTION MADE
PUBLIC-LITTLE DOUBT OF
RATIFICATION.
rnr rErreRArH 70 ZEE rR1suxE. ]

rBr TELEGRAPH TO TIE TRIBUNE
svashsnston. Feb. 6.-The text of the Hay
Toauncefote Treaty. made public this afternoon.
confirms in every detail the abstract of its pro-
1ssious furnished in these dispatches on Sunday
last AS was then indicated In brief, the purpose
- the new agreement is practically TO pave the
wy for the construction OF another Suez Canal
nnder American supervision and ownership.
TEXT OF THE TREATY
,rns text OF the convention is as follows:
7ps United states of America and Her Mai
.s+v the Queen OF the United Kingdom OF Great
T-ftaiu and ireland, Empress Of India. being de-
<srrIs 70 facilitate the construction Of q ship
o.1eI 70 connect the Atlantic and Pacific oceans
go 70 that end remove any objection which may
use out OF the convention OF April 1S, 1850,
commonly called the Clayton-Bulwer Treaty, TO
rha construction OF such canal under the au-
<DI,es OF the Government Of the United States,
without iEpairing the general principle OF
Capitalization established IN Article VIII Of that
convention, have for that purpose appointed
their plenipotentiaries: The President Of the
United States. John Hay, Secretary Of State OF
fha United States. and Her Majesty the Queen
~ Great Britain and Ireland Empress Of India.
ne Right Hon. Lord Pauncefote. G. c. B. G.
NJ G.. Her Malesty's Ambassador Extraor-
binary and Plenipotentiary TO the United States;
Who having communicated TO each other their
fail powers which were found 10 De IN due ana
proper form. have agreed upon the following
Article I It Is agreed that the canal can be
constructed under the auspices OF the Govern
rneut OF the United States. either directly at its
- cost or by gift or loan Of money to indi-
Tssuals or corporations, or through subscription
% OF purchase of stock or shares. and that, sub
iecs 70 the provisions Of the present convention.
the said Government shall have and enjoy all
he rights incident to such construction. as well
IS the exclusive right Of providing for the regu-
Igrion and management OF the canal.
Article II The high contracting parties, de-
string 70 preserve and maintain the general
principle Of naturalization established in Article
TIl Of the Clayton-Bulwer Convention, adopt
IS me basis OF such naturalization the following
ThSfz n
rion between Great Britain and certain other
Powers signed at Consrantinople. October %.
1885 for the free navigation OF the Suez Mari
tine Canal, this is TO say;
FTrst-The canal shall be free and OPEN in
tine OF war as in time Of peace. 10 the vessels
ot commerce and OF war OF all nations, on terms
OF entire equality, so that there shall be no dis
elimination against any nation or its citizens or
subjects in respect or the conditions or charges
Of traffic or otherwise.
second-The canal shall never be bIockaded,
nor shall any right Of war be exercised nor any
act OF hostility be committed within it
Thrd-Vessels Of war CT e belhgerent shall
not revictual nor take any stores in the canal
except so far may be strictly necessary; and
the transit OF such vessels through the canal
shall Be effected with the least possible delay in
accordance with the regulations in force, and
with only such intermlssion as may result from
the necessities OF the service. Prizes shall be
II al respects subject TO the same rules as yes
seIs Of war OF the beIligerents
Fourth-No beIiigerent shall embark dis
embark troops. munitions of war or warlike
materials in the canal except in case OF acct
dental hindrance OF the transit, and in such case
the transit shall be resumed with all possible
dispatch
Fffth-The provisions Of this article shall
apply 10 waters adjacent TO the canal, within
three marine miles Of either end Vessels Of war
OF q belIigerent shall not remain in such waters
longer than tEenty-four hours at any one time
except IN case Of distress. and in such case
shall depart possible: but q vessel or
war OF one beIIigerent shall not depart within
twenty-four hours from the departure of
vessel Of war Of :he other belligerent
Sixth-The plant, establishments. buildings
and all works necessary TO the construction,
be deemed Il be part thereof, for the purposes Of
this convention and in time OF war, in time Of
peace, shall enjoy complete immunity from at
tack or injury by beiligerents and from acts cal
cuated TO impair their usefulness as part of the
canal
Seventh-No Notifications shall be erected
commanding the canal the waters adjacent
The United States, however. shall be at liberty
10 maintain such military police along the canal
as may be necessary 10 protect II against law
lessness and disorder.
Article Ill The high contracting parties will
Immediately upon the exchange OF the ratifca-
tons Of this convention bring IL TO the notice
OF the other Powers. and invite them TO adhere
70 Il
Article ". The present convention shall be
ratified BIZ the President Of the United States by
and with the advice and consent Of the Senate
thereof, and by Her Britannia Majesty; and the
or al London within six months within the date
hereof or earlier II possible
In faith whereof the respective plenipoten-
tiaries have signed this convention and there
unto affixed their seals.
Done IN duplicate at Washington. A D. Feb
JOHN HAY
PACNCEFOTE.
The Presidents letter Of transittsl is follows:
To +ba zo,.-a. -rapsrof+ hereuffh with a