The Montgomery advertiser., 1901-12-06
FULL TEXT OF NEWS REATY
 -E- Compact Pss pared by Hay
 and 7 auncefote. RULES ; GOVERN CANAL Ships of All Nations to Be
 Treated Alike. The Waterway is to Be Neutral, But the United States Has Ad- vantages Possessed by No
 Other Country.

Washington, Dec. 5.-The new Hay Pauncefote treaty, providing for the con- struction of a canal across the Isthmus of Panama, which was sent to the Senate yesterday, is as follows:
 The United States of America and His Majesty Edward VII. of the United Kingdom of Great Britain and Ireland and of the British dominions beyond the seas. and King and Emperor of India, being desirous to facilitate the construc- ton of a ship canal to connect the Att lantic and Pacific Oceans, by whatever route may be considered expedient and to that end to remove any objection which may arise out of the convention of the 18th of April. 1850, commonly called the Clayton Bulwer treaty, to the con slruction of such canal under the aus pices of the government of the United states without Impai. ing the genera al principle of neutralizauon established in Article of that convention, have for that purpose appointed as their plenipo- tentiaries:
 The President of the United States, John Hay, Secretary of State of the United States of America, and His Maj esty, Edward the VII, of the Kingdom of Great Britain and Ireland and of the British dominions beyond the seas and King and Emperor of India, the right Hon. Lord Pauncefote, G. c. B., G: c. M. G.. His MaJesty's Ambassador ex- traordinary and plenipotentiary to the United States, who having communicated to each other their full powers were found to be in due and proper form, have agreed upon the following articles:
 The Treaty.
 Article 1.-The high contracting parties agree that the present treaty shall su- persede the before mentioned convention of the 1th of April 1850.
 Article II.--It is agreed that the canal may be constructed under the auspices of the government of the United States, either directly at its own costs, or by gift or loan of money to individuals or corporations, or through subscription to or purchase of stock or shares, and that, subject to the provisions of the present treaty, the said government shall have and enjoy all the rights incident to such construction as well as the exclusive right of providing for the regulation and management of the canal.
 Article III.-The United States adopts as the basis of the naturalization of such ship canal, the following rules, substan- tially as embodied in the convention of Constantinople, signed the 18th of Octo- Der, 1888, for the free navigation of the Suez Canal that is to say:
 Rules for Government.
 One.-The canal shall be free and open to the vessels of commerce and of war of all nations under these rules, on terms of entire equality so that there shall be no discrimination between such nation or it's ctizens or subjects, in respect of the conditions or charges of trafhc or otherwise. Such conditions and charges
 Second-The canal shall never be blockaded, nor shall any right of way be exercised nor any act of hostility be committed within. The United States, however, shall be at liberty to maintain such military police along the canal as may be necessary to protect 1t against lawlessness and disorder.
 Third-Vessels of war of belligerent shall not revictual 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 ef- fected with the least possible delay in accordance with the rules in force and with only such intermission as may re- suit from the necessities of the service Prizes shall be in all respects subject to the same rules as vessels Of war Of the belligerents.
 Fourth-No belligerents shall embark or disemberk troops, munitions of war or warlike materials in the canal ex- cept in case of accidental hindrance of the transit, and in such case the transit shall be resumed with all possible dis patch.
 Adiacent Waters Included.
 Fifth-The transmission of these articles shall apply to the waters adjacent to the canal within three marine miles or each end. Vessels of war of a oelhgerent shall not remain in such waters longer than twenty-four hours at any one time, except in case of distress, and in such eases shall depart as soon as possible, hut a vessel of war of one beligerent shall not depart within twenty-four hours from the departure of a vessel of war of the other beligerent
 Sixth-The plant, establishments, build tngs and all works necessary to the construction maintenance and operation of the canal shall be deemed to be parts thereof for the purposes of this treaty and in time of war, as in time of peace, shall enjoy complete immunity from attack or injury by belltgerents and from acts calculated to impair their usefulness as part of the canal.
 Article IV-It is agreed that no change of territorial sovereignty or oI lnterna- tional relations of the country or coun- tries traversed by the aforementioned canal shall affect the general principle of naturalization or the obligation of the high contracting parties under the pre- sent treaty.
 Article V-The present treaty shall be ratified by the President of the United States by and with the advice and consent of the Senate thereof and by his British Majesty. and the notifications shall be exchanged at Washington or at London at the earliest possible time within six months from the date thereof
 In faith whereof the respective plenipo- tentiaries have signed this treaty and hereunto affixed their seals. Done in duplicate at Washington. the 18th day of November in the year of Our Lord. one thousand. nine hundred and one.
 John Hay (Seal.)
 (Seal)