New-York tribune., 1909-02-27

Details of arbitration arranged
srifh United States.

g-,-,rsr Feb THE arbitration protocol ar
ranged between the United States and 'eheLee4a
provides Sor the selection Of one arDlf@toi -,
fhe Feaue Permanent Court by each natl9h uies
~ r,,-a-to select from the same court the u'Iu
arbitrator. NJ of these may be -
OF either The United States or Venezeela' anu ~ ~
member Of the Hague court may appear as SoiiO'0
sor eirher Of The two psrties 20 the conToNeFs4-
v--i,t,- s;x months the two governments must
se-d in The names OF rhe judge selected py e@e'!
one and within eight months the pTes@h'a'iol
the claims must ne made Provision II Ii4A
,he protocol FOR direct settlement between liie
C-fnoco CORPORATION and the Nenezuelah so'ein
-st and between the United States and Nenezuela
Company and the Venezuelan government Il . sa'a "
sattIennent is made within ave nonths anu -
meets with the approval and gains li'e Sol-s
ne United states government i Is undeI 49,
that It is more than likely that at least 'He -.
CORPORATION may settle its troubles OUT ol coui' :
before the time for arbitration arrives
In the claim Of the Orinoco shipping ConpahS
the protocol provides that first OF an me
4ion tribunal shall review the mixed coiii'
decision and decide whether or not errors "tie
coursitted by the arbitrator which would IL ""
date the award. II the tribunal hnds 'hat me
was error the case shall be reoPeneo anu a., a..
trate5 anew on its merits. whilc. on the oher manu-
,f - .rror is found then the United States agrees
20 consider the case closed for all time
-rne claim. of A r Jaurett for indemnity for eE-
ra,lsion from Venezuela reduced from >-''00V
- ss 0oo and accepted by the government
7,re rri,ate agreement reached between the gov
ernr,est and the New York and Bernuoez Aspiiai'
Company is set forth in eight articles
In the first and second the COMPANY recos
The enuulrnent of the Hamilton cohceSs'oH' Gnu a
cents the sentence Of the courts Of NeneIue4a re
Earding TIE claim for damages 1or siG''g l"e re-
beilion. -
m the third article Venezuela agrees to zee
fhe amounts il which the company has oeeh 0O
oemned by the aforesaid sentences AS eoi.Se- ss.
ouence the company shall pay TO the hatioh ''e
sr.o,rf OF $4,000 bolivaTs tahout SSoceb III can
celiation CT the obligations which the company ~
contracted because of the aforementioned sell
tences- .,,.
Possesses over the Guanoco mine mining tue
dated December = 1855. well as tile 20 certain
wild lands in which the mine lies
~ rbA terms of Article the government re
,,,-rs 10 the company the possession and the use
- =. ,-,,s,oco mine and other properties. and
.-cedes 10 the company free transit and free I'M
portatlon Of tools and machinery. The company
recognizes the direct domination OF |eieZUei@
ever the aforesaid mine -
In Article the company agrees 10 sell 70 ven
ezueia such Guanooe asphalt as il may need for
sts puhlie works at reduction ot . per cent from
the current price .- -
Article provides that the company shall pay
10 the national government tax Of bohNaIs iOi
each ton of asphalt which il may export -"l'hout
having to nay any other tax; but it is understood
that the annual total OF this tax shall never De
less than the sum Of 10000 bolirars tsse'eeo'
Article S says; In the aforesaid terms di t
questions and differences between the Two psrOes
up 10 to-day are settled without ahs i'e"'S i
.,hseouent claims in regard to them
Ia conclusion both parties 10 the agreement ask
the court Immediately to give necessary orueTs
sor the seauestrated property OF the company 70
be turned 10 q.
Washington. Fen. 2S.-W. L Buchanan. American
snecial commissioner 20 Venezuela, has returned
10 washington Mr.. Buchanan brought Win MN
IN izne
-,,e Venezuela ere 10 lie Immediately resumed
and in about week Minister w W Russell VINO
was withdrawn after Castro's refusal 70 arbtTate
tf5e claims will return TO Caracas