The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-27

treaties III 1883 and 1889 were Induced to
pass Informal resolutions favoring ars
lbltrati ion Iii 1900. M III Nj u
q. Three years later When u A cliahge ilf
adtliinistrttion8 HAD been efferted IN tho
United II States, tho British Parliament
discovered that the Sanate's peri tthttory
action was I'm urgent Invitation that
mist be accepted. 81 II
Secretaries OF State Gresham and OLE
iley, In continuation With Slf u ulinf
pauncefnfte, then began to construct d
treaty In which THE Southern Suites were
to- he JnnineshGtl. IA M 4. sS IT. III ~ 4 ,i
IA 1,rior3 to tlils tho Venezuela Claims Con-
Svention had been drafted BY, Secretary
Bayard, and whitfield from publication
5for years III IS CLAUSES embodied III pre-
cedent for action against ia the 4 South It
provided for tho arbitration Of Sail
claim" against 3VenesuelaB without regard
10 limits Of time, previous judicatioi,
or national sovereignty &. 38 laws York
bankers presented under 1t as ''plainise,
s3o0, 900 or Venezuelan bonds, issued In
[ 1888, read usted III 1867, aid dismissed BY
tile commission Of f1SGS-'7O. The new arbi-
tratlon commissioners decided Sby a. vote
Nof two to one that Venezuela must pay
thu face vnlue or the Y bonds with five
per cen t. yearly Interest from 1857 ID 1890.
81 Tho Venezuela convention marked lSla
radical change In the policy OF the United
States government In relation to owners
Of bonds VI 81 II s35 "A
4 ProrFto that time, and therefore, prior
Ito the readj usting action OF the Southern
States, the United States Ind denied the
E right of5govcrllmental Intervention on boz
half Of its citizens, who we're shareholders
Sin the securities or bonds Of foreign goy.--i
{ernments, It Justly held that they had
mo preferred claims over the other.
same principle. The English umpire
dismissed the claims of our citizens who
8hcld bonds OF New Granada and Mexico
and tile United States commissioner re-
fused to entertain the claims of holders
ofbonds Of Florida and the republic of
Texas, us q: IA at
II rho Olnoy- paunccfote treaty .enlpliLarS--33
sized the change ofSpollcy by expressly
stlpulating that financial claims IN,
which " "a e State was concerned should
bc referred en- 3inlsse to the semi foreign
tribunals crea ted by the trca ty, Il and Eln5
event Of disagreement, be finally aild y r.
Srovocably decided by the King Of Sweden
81 The exposure Of these provisions Killed
the treaty and impressed IS promoters srrt e rs
with tile necessity OF further concealing3
their real object. @f n w; "a ~ "a NY
s We now, Il therefore, have Il L lie IL Ila quo
convention for Tie arbitration OF ''tlie
OF treaties b and legal
questions whether already existing or
which may eventually arise. We also
have Secretary Hays score Of proposed Cd
arbitration treaties with every European
\ country, whose bankers have boxes filled
with 5readjusted or%repudiatctl 4 Sou thern
States bonds readjusted NJ nnesota} bonds,
unpaid bonds Of Michigan, md tho re- b t'
$lic 1Eof Texas, e, repudiated Confederate
bonds, md, doubtless many large 3 rolls
Bof Confederate money .3;8 S3s 81 3ia
s$ it,he consurnmateS skill d lsplayed In con-
ccaling financial claims against States
within the phrase ~ egal questions al
ready existing and the 5sag city evinGedl
in avoiding national jealousy by inviting
not only Eng land, hut I'LL Europe to par
$ticipate IN the financial carnival lNa pear
proof alike to thelegal sacunlen employ ed
6and the vast amount Of money expected
to bo derived from tho Southern States
by the passage Of these arbitration.
treaties. is ..3 Es5 (! ~
The validity Of the readjusted# and re7
undated, bonds in 8 a legal 4 question al
ready 81 existing. Their COLI ctlblity by
&forei ign governments AZ. "a legal q uestion:
witch may eventually$. arise '' sss 81 M r.
Sschafer5not only wrote that heses ponds
$cnn lie used to great advantage by foreign
5eoyornmcnts,,,fSb utEfurther declared that
the} bondllolders are Inclined to make 9 q q
sditionals donations to such governments en-
"a may be able to collect from the n re- re-
inudiating States. 5s * I, Z,
F#It5i IS to be hoped that sincere rel loe1n1s
American men and women, drealdil ~, Wal
annf nbhorrlng bloodshed, will no longer
permit their to 20 plaSea.upon
& nv spcc ulators, who have thus openly
ayowetl their Intention. to embroilE the
southern States in a legal and financ ?;l7
war with foreign government IS.
5S,rba ~ rnn ties OF N arbitration are pro
,ected under the preteXt Of peace; their
rofll object is to exac ct the price deliolll-
ginntea In the bond !" from the. Sou Eerr
states, as It Is now being ex xfte ,!e N
Yenezue d, regardless Of tho cost II sec
tlonnl animoslty and increa SEQ &t is
81 lIVery$patriotic citizen should therefore
nrotest5 ar ainst the ad optionS Of any treaty
based upon the Cney- Pauncefote treaty
Tho Hague convention or 4 the Neneznel;l
Claims Conventions or that involves an
5annulmcnt of any portion OF the Constl-
tuition Of the United States or a revival
OF dissensiors between the States.
This paper and others Of like cha "a cter
were brought to the attention Of the
committee who 9rranged for e' the recent gent
mass meeting in Richmond to urge the
ratification Of the treaties, but several
prominent lawyers, among them Attor:-5,
5ney-acneral Anderson, said they could
not see how these treaties between ma
lions could possibly affect the bonds Of Of
States, js "a.
senator. cullom, Of Illinois, chairman Of
the Committee on Foreign Relations has
expressed the same view. "a III
45..N 70 one says he wants to enforce
the payment Of those internal bonds
Whenever We are about to do any thing
some Democrat hobs UP with an objec-
ton. but this objection from the South
does not apply TO these arbitration trea-
ties. How can we DO forced toHarbltratoi
something that our courts have decided
we have no law to enforce? The treaties
only provide NATURALIZATION may be res
sorted TO In certain cases, but our objec-
Hon Iyould 'lha sSilfllriont