The San Francisco call., 1901-11-03

other influence to prevent an agreement
being reached in regard to the Nicaragua
canal 1t has been further reported that
this powerful corporation has Joined hands
with several leading American interests
alleged to be opposed TO the construction
Of this latter waterway. The mead or ono
of the British state departments admitted
that the Nicaragua canal would probably
rob the Suez canal of all Its lar Eastern
trade The British Government is the
it does not appear that financial interest
ever entered into the discussions OF the
Nicaragua canal, the considerations In
vOlved therein being regarded as so para
mount to any possible loss OF future divi-
dends from the Suez Canal Company as
to be unworthy of being coupled with the
subject. The actual business OF the Suez
Canal Company is all transacted in Paris,
where the secretary general or the COM
pany said to a correspondent:
For us the Panama and Nicarag guam
projects do not exist. We pay absolutely
ercised any influence to prevent either OF
those schemes from being carried out, and
we shall never do so. we can LOOK Lor-
ward to the eventful opening OF either
canal with perfect equanimity, as we do
not anticipate any apprectable loss or m
come from their competition we may
of the traffic that the opening OF a canal
across the American isthmus may cause.
The Panama Canal Company is also lg-y
norant Of any action having been takeH
by the Suez Canal Company against ths
proposed Nicaragua canal.
1t is interesting to note that several
English interviews all declare that Eng
Iisi trade with the Far East must be
found to take the iSthmian route, not
only to expedite cargOes, but to avoid pail
pable danger Of the Suez route Wnlcn low
compeIs them 10 skirt the shores Of three
nations, France, Spain and Italy, who by
the fall Of the handkerchief might be-
come hostile. These authorities assumed
without any reservation, that war be-
tween Great Britain and the United states
is an impOssibility.
Nicaragua Terminates Treaty.
WASHINGTON, Nov. 2.-The Govern
ment Of Nfcarag qua has terminated the
treaty under which the United States was
empowered to construct an mteroceanic
canal across the territory OF Nicaragua.
This action has been conveyed TO the
State Department by the NicaragUan
Minister for Foreign AnaIrs. That official
declares that the denunciation in no wise
affects the friendly relations between the
two countries and the Nicaraguan Cow
ernment desires the conclusion of new
treaties.
Between the treaty Of riendship. COM
merce and navigation of 1861 thus re-
nounced the same note conveys the de-
nunciattOn of the extrad1t1On treaty OF
1870 between the United States and Mica
Tagua- Under the terms OF the denuncia-~
ton the first named treaty, covering ths
right to construct and guarantee canal,
the convention will expire October "a, 1902,
which is one year from the date on which
the notice was received at the state De-
partment. The extraditiOn treaty ter
inmates May "a next, as provided in the
convention.
The Nicaraguan Minister'S note conveys
absolutely no information as to the mo-
tives which inspired the Nicaraguan Gov
ernment to renOunce these two treaties,
nor has Mr.. Merry. United States Minis
ter to Nicara qua, thrown any light on the
subject 1t may be recalled as Affecting
the treaty of 1867, that before submitting
the Hay-Pauncefote treaty to Congress!
last year Secretary Hay drew up set OF
protocols with the Minister for Nicaragua
and the Minister for Colombia, whereby
these officers bound their Governments to
negotiate treaties with the United States
for the necessary concessions to construct
and control canals in the event that Con-
such work.