Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-02-27
GOMEZ FORCES TERMS
Bermudez Company Compelled
to Bow to Courts.
MUST PAY LARGE SUM NOW
Use of Asphalt Lake, After Four
Years Loss.
IS RESTORED TO PRIVILEGES
Three Hundred Thousand Bolivars
Accepted In Settlement Of Judg-
ment of the Tribunal.
MUST PAY LARGE SUM NOW
IS RESTORED TO PRIVILEGES

CARACAS. February 27.-Resistins to
the end the proposition of Commissioner
Buchanan to submit the claim of the
New York and Bernudez Company to
arbitration, because the case had already
been tried and sentenced in the Venezu-
elan courts. President Gomez forced the
asphalt company as a last resource TO
effect a pacific transaction with the Ven
eZuelan government.
February -. just before the signing of
the protocols in Mirafiores palace, Mr..
+. r. Bartlett of the New York and Ber-
mudez Company, and Senior Juvenal An
cola. attorney general Of Venezuela,
signed the pact which put an end to all
litigation between Venezuela and the
company, and which at the same time
returned to the company it's property and
gave to Venezuela all indemnity and the
good name of its courts which it had
been President Gomez's aim to protect.
Terms of Agreement
The following is the agreement reached
between the company and the govern
ment, by the terms of which "all the
questions and differences between the two
parties up to today are settled and fin
quent claims in regards thereto.
The company recognizes and accept:
the annulment of the Hamilton conces
sion declared by the sentence of the high
federal court of Venezuela.
The company recognizes and accepts
| the sentence dictated by the tribunals o
| Venezuela regarding the claim of dam
ages derived from the liberating revolu
| ton.
The government of Venezuela. in
! spirit of equity, and for the protection o
the mining industry of the country
agrees to reduce the amounts in which
aforesaid sentences. AS consequence tn,
company shall pay to the nation thu
amount of 100000 bolivars in cancellation
and total extinction of the obligations
which the company contracted because o
the aforementioned sentences.
THE Venezuelan government declare:
that the company possesses. over the
Guanoco mine. a mining title dated De
cember I, 1888, granted in conformity
with the laws in force at the time Of
granting. and also that 1t possesses
title to wild lands. within which the mine
lies, dated December IA, 1885, also grant
ed in conformity with the laws in force
at that time, and neither of which title:
has been questioned by the nation in lega
proceedings.
The Venezuelan government. In view
of the aforesaid titles, returns to the
company the possession of and the use
Of the Guanoco mine and also the posses
sion of and proprietOrship to the other
property which is sequestrated, and it
comedies to the company, in conformity To
article IS, of the reglamentary decree OF
the mining law now in force. and to az
ticle H. of the railroad law. the free tran
sit and the free importation of the tools
and machinery and accessories reasonably
q nf 10 nd
for the exploitation, refinement and ex-
portation of asphalt. and also the free
importation of knocked-down barrels for
the exportaion of the asphalt
The company. in virtue Of the titles
which the government recognizes, shall
continue the exploitation of the afore-
mentioned mine in conformity with the
laws of the country.
The Company's Pledges.
THE company agrees to sell to the ma
tional government, for it's public works
the Guanoco asphalt which it may need
at the reduction Of % per cent under
the current price, and in return the gov.