New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-01-26
HONDURAS TREATY
BEFORE THE SENATE
eootract with New York FInan-
doris TO Refund Republics
debt Has Also Been Signed,
MAY END TROUBLE THERE
..;Acation of the Convention
Will. It Is Believed, Do Much
10 Insure Tranquility in
Central America.
r=~om rhe Tribune Bureau :

-.sh,neton. Jan 25.-The treaty be-
=, IRE United States and Honduras.
-,snv vicissitudes. was submitted
=. eenste TO-DAY. At the same time
=. ,bts treaty was signed the Hon
=, Minister. Dr.. Luis Lao. also
- The contract with certain New
-. 4,apciers for the refunding Of the
y.,sn-sn debt. Tbs completion Of these
..o,,a+1ons IS the occasion OF the Ut
-. satisfaction 20 the Secretary Of
go and an earnest hope is entertained
-. .sA Senate will see its way clear
-..,,rtlv 20 ratify the convention.
1-Sns the Injunction Of secrecy I'm
..s On Instruments Of this character
Ives II inadv,sable 70 give the text Of
=. ,rsaty. Il is probably wise 70 make
.r,,c some information regarding the
1919 ~ the convention and the ne
..s.,.tss which led 70 its negotiation.
The Increasing interests Of the United
-.,,.s as z nation IN the tranquility OF
.,,,. countries bordering on the Carib-
...r. the approaching completion Of the
p.,sra Canal. the friendly interest Of
-, oourrrv IN the affairs OF Cuba and
=. gratifying success % the existing
.,nv.ntion With Santo Domingo have
~ noinred tbs way for this agreement
nth Honduras.
-hs negotiations which led % the
.r.sb,rEton conventions Of 1907 gave
.-,,hssis 20 the desirability q estab-
,a.bins a strong and stable government
Ia, Honduras for II was then appreci-
,,As that II that country, stretching az
q. soss across the centre OF Central
america. possessed these characteristics
!, rrord contribute more than anything
.,ss 70 the progress and prosperity Of
.hs FIVE republics whose peaceful vel
A-s has always been Of pre-erinent
,7ts-es, 20 IN United states.
Embarrassed by Foreign Debt
A President Taft pointed out in his
vn.4ob 70 the Americas Club, Of Pitts
burg. last May. Honduras has been en-
bsrrsssed with heavy foreign debt and
US finances have been sadly disorgan-
i,s6 The President said: American
citizens have now an actual interest IN
the railways and wharves OF the coun-
~, and an American banking house has
finally undertaken 10 refund the debt
rehabilitate the finances and advance
funds contributing directly TO the coun-
try's prosperity and commerce
To insure the services Of this banking
company. 10 exercise such supervision
be vas necessary 70 protect both Hon
iu-as in its fscai relations and Amerl-
an citizens in their dealings with that
.olntrv The convention -5Ust. submitted
q the Senate was essential. The rsti-
ics-ion 81 this convention will u is
believed. pave the way for such friendly
,~ces on the part Of the United states
&c will forestaH further turbulence and
in Honduras and insure the
-sspec, Of such financial obligations as
are involved in the contract completed
with the treaty
Ful1v % appreciate the motives which
lave actuated the Department Of state
N entering into this convention II IS
recsssa-v 70 bear IN mind the fact that
The Monroe Doctrine Of itself imposes
obligations upon the United states with
regard 20 the republics on this cont
nm which render its relations N them
riarksiy different from those enter
tanned toward other nations. and As
has been said, the proximity Of Hon
ag7s both tn this country and 70 the
cansl. which viii be IN effect q part Of
ne coast line Of the United states,
renders the prosperity and tranquility
n Honduras Of more than ordinary mo-
ne1t.