The Forrest City times., 1900-02-09

Washington, Feb. 7.-The following the next of the new treaty negotiat- .d in relation to the construction of he Nicaragua canal:
 The United States of America and her najesty, the queen of the United King iorn of Great Britain and Ireland erl- press of India, being desirous to facilitate .hs construction of a ship canal % cOn- aec- the Atlantic and Pacific oceans. aud Q that end remove any objection which nav arise out of the convention of April g. 1850 commonly called the Clayton Bul- Eer treaty. to the construction of sucn .anal under the auspices Of the govern Ient of the United States, without in- pairing the general principle of neU- :ralization established in Article VIII. Of that convention. have Tor that purpose president of the United States. John Hay. secretary of state of the United States: md her majesty. the queen Of Great Britain and Ireland, empress of India, Rt. Hon. Lord Pauncefote. c. C. B. G. =. M. G.. her majesty's ambassador extra ordinary and plenipotentiary to the Unit s1 States:
 Who having communicated to each other their full powers, which were found % be in due and proper form, have agreed upon the following articles:
 Article l. It is agreed that the canal nay be constructed under the auspices 3t the government of the United States, sltl6i ulfECLiN at us own cost, or D5 Zt4I or loan of money to individuals ef e3e- pcrations. or through subscription ea ar purchases of stocks or shares and +a2-. subject to the provisions of the present have and enjoy all tE rights .asaaept to such construction, e. well as the e&- elusive right of proyidll Tor the reguiA- ton and management Ca the canal.
 Article H. The high contracting parties, desiring to preserve and maintain the general principle of neutralizatior es- Fc fgha i, rff Ia rf Is. F1.r. BUlwer convention, adopt the basis oi such naturalization. the following rules, substantially as embodied in the coaven- uon between Great Britain and certain other powers, signed at Gonstantiuopie. October g. lSsS. for the free navigation of the Suez maratime canal; that Is 10 say.
 l. The canal shall be free and open in time of war, as in time of peace, to tna vessels of commerce and of war of all nations, on terms of equity. so that there shall be no discrimination against any na- ton or it's citizens or subjects in respect of the conditions or charges of traffic UT otherwise.
 2 The canal shall never be blockadal, nor shall any right of war be exercised. nor. any act of hostility be committed within it.
 g. Vessels of war of a belligerert shall not reyictual, nor take any stores in the canal. except so far as may be strictly necessary and the transit of such vessels Through the canal shall be effected with the regulations in force and with only such intermission as may result from the necessities of the service. Prizes snail ba m ali respects subject to the same rules IS vessels of war Of the beiligereH 1s.
 4. No belliGereat shall embark or tisem- bark troops munitions of war or war like materials in the canal except n ease of accidental hindrance of the transit and in such case the transit shall be re- iumed with all possible dispatch.
 ,. The provisions of this article shall apply 10 waters adjacent to the canal within three marine miles Of either end. Vessels of war of 9 belligerent shall not remain in such waters longer than twenty ,our hours at any one time. except in casa of distress. and fin such case shall depart ss soon as possible: but vessel of war In tW enty-four hours from the departure of vessel of war Of the other belllger=ut.
 g. The plant, establishments. buildings AI works necessary to the construction maintenance and operation of the canal shall be deemed to be part thereof ;U the purposes of this convention. and in snjoy ample immunity from attack or in- Jury by belligerents. and from acts cal sulated to impair their usefulness as part af the canal.
 [ No Notifications shall be erected com handing the canal or the waters ad jaceat The United States. however. shall b. 9t along the canal as may be necessary to protect it against lawlessness and disor- Article III. The high contracting par ties will immediately upon the exchany Of the notifications of this convention bring it to the notice of the other pow srs and invite them to adhere to it.
 Article ". The present convention shall De ratified by the president of the united States. by and with the advice and con- sent of the senate thereof. and by her Britannie majesty. and the ratihcstions shall be exchanged at Washington or at London within six months from the date hereof, or earlier if possible.
 In faith whereof, the respective pleui- potentiaries have signed this convention and thereunto affixed their seels
 Done in duplicate at Washington. A. p., February ,, l9J0.
 lSigRed,l JOHN HAY
 PAGNCEFCTE.
 The presidents letter Of transmittal