Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1903-11-27
AS SPONSOR FOR PANAMA
Text of the INTERCHANGEABLE Treaty
Deals With Questions of Sovereignty
THE INDEPENDENCE OF REPUBLIC.
Absolute Control Vested 10 the Canal Lone
Also Confers the Right of New Republic TO
Protect the Peace-To Ratify Treaty Oh
lsthmus Next Month-Last Born Nation
Starts as One OF the Richest

Washington, D. c. (SpeciaD.-The
Panama commissioners, DR.. Amador
and Mr.. FREDERICK Boyd, consulted
Minister Bunau-Varlla and Mr.. Frank
D. Pavey, OF New York, the legal ad-
wiser to the legation. 1t is understood
that they read over the treaty signed
by Mr.. Hay and Mr.. Bunau-Farilla
and discussed its terms and provisions
in detail 1t met their hearty approval.
The first five articles of the Hay
Bunau-Varilla treaty deal exclusively
with the question Of sovereignty. In
substance they are to this effect.
Article I. The United States guaran-
tees and agrees to maintain ane indie
pendence of the Republic OF Panama.
Article II. The Republic Of Panama
ccdes to the United States five miles
on each side OF the canal and three
marine leagues at each terminal, and
also sny other lands necessary to the
construction or maintenance OF the
canal and its auxiliaries.
Article III. The Republic OF Panama
grants to the United States the right
to exercise the same power and author
ity over such lands ''as if it were SOW
ereign" and to the exclusion Of such
power by Panama.
Article w. The Republic OF Panama
grants to the United States the use OF
all the rivers, streams and waters Tor
navigation or so far as is necessary to
the construction OF the canal and its
auxiliaries, including purposes OF SAM
tation.
Article V. The Republic OF Panama
, grants to the United States i'll perpet-
uity monopoly OF any system OF COM
munication across its territory by ca
nal or by railroad.
The remaining twenty-ane articles 'ot
the treaty deal for the most part with
questions of administration. For OK
ample, Article declares free for all
times the ports at either entrance OF
the canal, Including Panama and Colon,
and provides that no dues OF any kind
shall be imposed by the Republic OF
Panama on any vessel using the canal
Of belonging to or employed by the
United States. 1t provides also that
the ports OF Panama and Colon and
sthers leading to the canal shall be free
% the commerce OF the world, and that
40 duties shall be imposed, except on
merchandise destined to be introduced
or consumption into the Republic OF
Panama and on vessels which touch
1t Colon and Panama and do net cross
he canal.
The Panama government, however,
S allowed under this article to eStab-
ish at these ports such custom houses
md guards as may be deemed neccs.
;ary to collect duties on importations
destined for other parts of the reDub-
ic To the United States is given the
right to make use of the ports at the
.wo extremites OF the canal as places
ii anchorage in order to make repairs,
or loading, unloading, deposting or
ransshipping cargoes which are in
ransit or destined for service OF the
anal and other works Article VI
urther provides that all damages cats.
ID to private landowners by inunda
ion or by the deviation OF water
courses. or in other ways arising cut
IF the construction or operation Of the
ANAL, shall be appraised and deternin
I'd by a Joint commission appointed
sy the governments of the United
States and the Republic OF Panama
and the United States i'll turn agrees tc
bear sole cost OF the indemHitics grant.
I'd by said commission.
In another article the Republic Of
Panama authorizes the new Panama
lanai Company to sell and transfer
is rights and concessions to the Unit.
ID States as well as the Panama Rail.
Dad and all or part OF the shares OF
hat company. 1t is stipulated, how
.ver, that the property outside the ca
lal zone owned by the company shall
'eyert to the Republic OF Panama.