New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-07
lErnm The Tribune Burcnu. j

~ Il
Secretary OF State signed to-day ne"
treaty with Nicaragua. which IL analogous
in principle TO the existing treaty VIII
santo Domingo and the pending treaty
with Honduras Nicaragua is sincerely
anxious TO put its house IN orue'
republic is confronted with a number Oh
claims growing out CT the h'diao''''n's'.%
| ,,on of Zelaya and the revolution whlcr
| followed among them being those ar'Sie
from the killing Of Cannon ana u'o0e
There are moreover. nunoer o' 'o'.
cess,ops which were granted by Zelaya. OF
/ terms which strongly suggest corrup''',
I'm, under which funds have been EXPENDED
and which cannot properly De cahoe''ou
without some reimbursement OF the oMne'
! for the moneys actually expenued' ne'
nrc few foreign debts which II is desi' ~
| TO pay. but their amount is small A'to
| ge,her. II is probable that loan OF i'oH
| $40 600 90 TO sl5,OW,oCO will be needed. AZ
! order 10 effect a satisfactory adjustment
of all claims the Nicaraguan goVer'ii'.e'
| has created a claims commission, Wo"e''o0
after the Spanish treaty claims Vo'i''''''
sion of the United states, and mas ap'
nointed on il two Americans, Judge O'te
| Schoenrich and Thomas p. Mohau' alons
with several citizens Of Nicaragua Ia.
| Niceraguan 6 vernment has also ie'ai''.o
Ernest H. Wands as financial adVise'. ~
this time il is possible only 10 ha"'
rough estimate Of the funds willch WIZ "
| nee,ed to meet all Indebtedness anu ',
Mace the republic on souhu h",''e
/ basis. The convention just nego'ia'eo plo'
/ vides merely that when loan 10 "Ne
,iated its terms shall be sausiae'oi9 '.
| both the United States ana Niooi 90
| tha, there shall be q segregation VI po
| ton ~ the customs revenue TO meet my.
| ost and create a sinking fund ana 'hat '"c
oscal agent shall be chosen by Nicaras %
and the banking company which MAKES VI,
too, but shall be an American ana siia
-. annroved by the President OF the OHi'eu
states The negotiations for THIS treaty
hoo,n before the attitude OF the oelid'e
toward this policy of the adii''l s.v.
- so,,olonad and so vital does secretary
Knox regard the policy TO the tranqu''',.'
and prosperity Of Central Aihe'io" 90
is prepared 20 make an earnest 90
convince the members OF the Co'''' =.
On Foreign Relations and OF 'he 'e"
the advisability of approving 'i'''
as the Honduran convention.
Till, uONDJ-RAN TREATY.-The fioI''
a,r., treaty which was submitted 10 'he
senate on January 25. is still penang oeloi
49, committee on Foreign Relations lhis
| convention provides for the appointment VI
! = e.oa, agent to collect the customs rev
ennes ~ that country, such agent 70 De 'iie
| ioint appointee Of the Uniteo STATES CIV
Honduras. etc. Honduras has ioreier
| oh, II
British loan made fifty or sixty years aeo
and on which interest has oeeh s'eau"'
| defaulted. II is admitted that there was
, serious corruption in this loan ana 'Ii"'
| Honduras received only small part OF Una
| sum. But even If the amount Is radlcaH!
scaled and compound interest were com
| nuted on the remainder it will be founo
that the aggregate to-day would be large
| However Honduras now has chance &c
! liouidate its entire debt both foreign anc
| domestic. for SlO.000OC0 cash. and can Dor
row that sum on exceedingly favorable
| terms IL the United States will lend sUcf
| assistance as is provided in the treaty, ahc
which imposes no material responsibility
| on this government Secretary Knox Sc
| cured the services OF Mr.. Conant as hsca
expert for Honduras. and then. TO make
| assurance doubly sure. induced Osborn q
Flemming New York lawyers. 10 examine
the contract by which it is proposed L
! raise the loan needed. Mr.. Knox has beer
before the Committee on Foreign Rela
tons and has explained the entire subject
first verbally and then in writing. No sc
rious objection has been advanced TO tn
approval OF the convention, but no actor
has been taken. VIII the fate of the Mica
raguan treaty be the same?
MORGAN AND RELATIONSHIPS are
of course. objections 10 the approval Of th'
treaty. How serious they are the reader
may determine for himself. The first /:
that J. F. Morgan G. Co. have consented e
finance the new bond issue. A determined
and heroic opposition to anything which
Will increase the profits OF Morgan G. Co i
regarded by some Senators as excelen
political capital or course II may be tru
that a smaller concern would hesitate L
assume the risk, that the concern with {
comparatively small capital would hardl,
care 20 invest a considerable portion there
of in loan to Honduras and that the ne
cessites of Honduras are great and TIL
benefits both TO that country and TO th'
United States from such a loan are meal
culable. But of what consequence is al
this 10 a Senator who believes he can maxi
political capital in his own state by takin;
a heroic stand against Morgan? Then Their
is another reason, If such it may be called
There are certain tmid souls on the Demo
cratic side OF the Senate whose gentle
feminine temperaments are dashed alMos
into Mysteries at the thought of "entanglini
alliances" They are not quite sure JUS
| what "entanging alliances are, but the.
are quite certain they are something fear
some and awful and. perish the thought
perhaps absolutely masculine. They can
not point out wherein the Honduran treat,
threatens these awful complications, blu
then II might" and. too, II bears faint re
semblance TO the treaty with Santo Do
nngo which Theodore Roosevelt pun
imelled the Senate into ratifying, so the.
lust shut their eyes tight. and. with genti
screams beg that some one will take tn
horrid thing away"
SOME COLD FACTS.-First as TO ALI
ances. The relations OF the United State
with the Central American republics hav
been a long series of entarglements 1t ha
been necessary TO land marines. 10 enter pro
,es,s. TO threaten force. The ratification
~ the pending treaties would avoid thes
things. Central American revolutions ar
olmos, invariably conducted primarily I
o.o,re control of the customs revenue:
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