The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-19
Hay-PaunCefOte Convention Only
Awaits Ratification Now.
BELIEVED THAT AGREEMENT VIII RE
SATISFACTORY TO BOTH PARTIES
he United States Will Be the Sole Guarartor Of the
Neutrality OF the Canal and Will Have the
Privilege of Fortifying It,

States Of America; and his majesty. the
hruE " great Britain and Ireland en,neror
OF india; the RI. Hon Lord Paunrernta
~ G H., g. c. NJ. c., HIS maiesty's nm.
massador extraordinary and minister pleni-
potcntiAry to the United States yvho Fha,.
ing communicated to each Other their ri,
powers which were found TO be In due
Hh9 proper form have agreed upon "a
iouoWing articles: W.
Article !. lt tx agreed TINT the carA
muE ne constructed under the auspices of
HI uIe government of the United States. either
NJ Wy at Us own cost, or 10y gift or loan
or through subscription TO or purchese ~
STUCK or shares, and that, subject 10 tho
prH, Islohs OF the present convention tho
Esid government shall have and cajoy ali
the rights Incident TO such Constructto,
Us wen ms the exclusive right OF proyIdlnT
a"r ihe reputation and management of tho
Art .. This is nm entirely new article.
l9e language Of which ! am not able 10
! give IN ITS entirety. | doubt whether NJ
mas vet been formally cnsrossed This
cause however, permanently secures the
| neutrality of the canal for the use Of ali
nations, and at the same time relieves
mil br,tain OF an the responsibility aud
! ohhgntlon TO enforce them. which by the
/ former treaty had been Imposed upon or
| assumed ny her Jointly with the United
S "a Instead OF tho old provision that
! ny both nations, the United States alone
| ADOPTS them aud undertakes the whole of
| Tue buiucn uuu GrRHt britain consents that
| the United States shall be the sole guar
J anton OF the neutrality of the canal
Arl' y. Ihe canal shall be free aud open
10 the vessels of commerce and of war ~
al nations, observing these rules on terms
OF entire equality so that there shall be no
! discrimination against any such nation or
ITS Gltzcns or subjects In respect OF the
conditions or charges OF traific, or other
wise
The canal shall never he bockaded. nor
shall any right of war bc exercised nor
Wtt a. ~ hD t.l NI,N
1t. Vessels OF war of beliigerent shall
not rcvctuai nor take any store in tho
canal except SO far as may he strictly nee
cssay: and the transit of such vessels
| through the canal shall he effected with
the least possible delay In accordance with
the regulations In force, and with only
| such intcrmissi0n AS may he resultant from
! the necessities OF the service. Prizes shall
! he in all respects subject TO the same rules
as vessels OF war OF the hcllgercnts.
! No helligcrent shall embark or discmhark
| troops, munitions of war or warlke ma
| teriais In the canal except In case OF ac-
cidcTtal hlndrancc Of the transit. and in
| such case the transit shall be resumed with
! all possible dispatch.
| Tho provisions OF this article shall ap-
| ply TO waters adjacent to the canal, With
I'm three marine miles of either end. Yes
| sells of war OF battle-ground shall not re-
main In such waters longer than twenty
| four hours at any one time, except In case
| Of distress, and In such case shalt depart
| ms soon MS possible; hut vessel Of war OF
one bclgereut shall not depart within
| twcuty-four hours from the departure Of a
vessel Of war Of the other belligcrcnt.
Art. T. The plant, establishments, build
ings and an works necessary 10 the con-
struction, maintenance and operation OF the
canal shall be deemed to be part thereof
for the purposes Of this convention and In
time Of war as In time of peace shall enjoy
complete immunity from attack or injury
ny bclliscrcnts ana from acts calculated
to impair their usefulness as part OF the
canal.
Tho high contracting parties agree that
no change OF sovereignty or Of fnternation-
al relations of the country ar countries
travcrsed by the said ship canal snail at
feet the general principle Of naturalization
hereby established or the obligations of the
parties under this treaty.
Art 3. II is always understood by the
United states that the parties constructing
or owning the canal shall impose no other
charges or conditions Of traffic thereupon
than the aforesaid government shall APP
prove OF as Just and equitable, and that
the said canal being open to the citizens
and subjects of the United States and
Grnnt Britain, shall also be open on like
terms to the citizens and subjects Of every
other state.
Art 6. The present convention shall be
ratified by the president of the United
States, by aud with tho advice and consent
of the senate thereof, and by his Britannip
majesty. and the ratlhcatong snail ne e3-
changed at Washington or at London with
in six months from the date hereof or
In falth whereof. the respective pleni-
potenu0ries have signed this conventions
II win he noted by the new treaty the
United States seems to gain all the al
vnutapcs that Senator Cushman X. DAVIS
sought TO Obtain while removing the Brlt-
lgh objections to the yerhiagc and the pre-
gnnptivc spirit Of tha senates amendments
IN tbe former treaty. The clause forbid
ding the fertilization OF the canal Is slEieA'
en- out.