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vessels shall be exempt from anchorage and tonnage dues on the part of the Republic of Panama.

NEUTRALITY RULES.

The Canal when constructed, and the entrances thereto ART 18. shall be neutral in perpetuity, and shall be opened upon the terms provided for by Section I of Article 3 of, and in conformity with, all the stipulations of the treaty entered into by the Governments of the United States and Great Britain on November 19,

1901.

FREE TRANSPORT.

The Government of the Republic of Panama shall have the ART. 19. right to transport over the Canal, its vessels, and its troops and munitions of war in such vessels at all times without paying charges of any kind. The exemption is to be extended to the auxiliary railway for the transportation of persons in the service of the Republic of Panama,or of the police force charged with the preservation of public order outside of said zone, as well as to their baggage, munitions of war and supplies.

CANCELLATION OF EXISTING TREATIES.

If by virtue of any existing treaty in relation to the territory ART. 20. of the Isthmus of Panama, whereof the obligations shall descend or be assumed by the Republic of Panama, there may be any privilege or concession in favor of the Government or the citizens and subjects of a third power relative to an interoceanic means of communication, which in any of its terms may be incompatible with the terms of the present convention, the Republic of Panama agrees to cancel or modify such treaty in due form, for which purpose it shall give to the said third power the requisite notification within the term of four months from the date of the present convention, and in case the existing treaty contains no clause permitting its modifications nulment, the Republic of Panama agrees to procure its modification or annulment in such form that there shall not exist any conflict with the stipulations of the present convention.

ANTERIOR DEBTS, CONCESSIONS, ETC.

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The rights and privileges granted by the Republic of PanaART. 21. ma to the United States in the preceding Articles are derstood to be free of all anterior debts, liens, trusts, liabilities, or concessions or privileges to other Governments, corporations, syndicates, or individuals, and consequently, if there should arise any claims on account of the present concessions and privileges or otherwise, the claimants shall resort to the Government of the Republic of Panama and not to the United States for any indemnity or compromise which may be required.

The Treaty with Panama.

RENUNCIATION OF RIGHTS.

275

The Republic of Panama renounces and grants to the United ART. 22. States, the participation to which it might be entitled in the future earnings of the Canal under Article 15 of the concessionary contract with Lucien N. B. Wyse, now owned by the New Pa nama Canal Company, and any and all other rights or claims of a pecuniary nature arising under or relating to said concession, or arising under or relating to the concessions to the Panama Railroad Company or any extension or modification thereof; and it likewise renounces.confirms and grants to the United States, now and hereafter, all the rights and property reserved in the said concessions, which otherwise would belong to Panama at or before the expiration of the terms of ninety-nine years of the concessions granted to, or held by the above-mentioned party and companies, and all right, title, and interest which it now has or hereafter may have, in and to the lands, canal, works, property and rights held by the said companies under said concessions, or otherwise, and acquired or to be acquired by the United States from or through the New Panama Canal Company, including any property and rights which might, or may in the future, either by lap e of time, forfeiture or otherwise, revert to the Republic of Panama under any contracts or concessions, with said Wyse, The Universal Panana Canal Company, the Panama Railroad Company, and the New Panama Canal Company. The aforesaid rights and property shall be and are free and released from any present or reversionary interest in, or claims of Panama, and the title of the United States thereto upon consummation of the contemplated purchase by the United States from the New Panima Canal Company, shall be absolute, so far as concerns the Republic of Panama, excepting always the rights of the Republic specifically secured under this treaty.

PROTECTION OF CANAL.

If it should become necessary at any time to employ armed ART. 23. forces for the safety or protection of the Canal, or of the ships that make use of the same, or the railways and auxiliary works, the United States shall have the right, at all times and in its discretion, to use its police and its land and naval forces or to establish fortifications for these purposes.

CHANGE IN GOVERNMENT, LAWS, ETC.

No change either in the Government or in the laws and ART. 24. treaties of the Republic of Panama shall, without the consent of the United States, affect any right of the United States under the present convention, or under any treaty stipulation between the two countries that now exists or may hereafter exist touching the subject matter of this convention.

If the Republic of Panama shall hereafter enter as a constituent into any other government, or into any union or confederation of states so as to merge her sovereignty or independence in such Government, union or confederation, the rights of the United States under this conveniion shall not be in any respect lessened or impaired.

PANAMA, BATIS! |

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B. RODAS & Co.

No. 9 Front St., near P. R. R. Depot, Colon, R. P.

THE LARGEST DEALERS IN

PANAMA HATS,

Wholesale & Retail.

All Glasses and Sizes for Men, Women and Children.
WE IMPORT DIRECT FROM MANUFACTURERS.

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PANAMA, HATS.

For the better performance of the engagements of this conART. 25. vention, and to the end of the efficient protection of the Canal and the preservation of its neutrality, the Government of the Republic of Panama will sell or lease to the United States lands adequate and necessary for naval or coaling stations on the Pacific coast and on the western Caribbean coast of the Republic at certain points to be agreed upon with the President of the United States.

RATIFICATION.

This convention when signed by the Plenipotentiaries of the ART. 26. Contracting Parties shall be ratified by the respective Governments and the ratifications shall be exchanged at Washington at the earliest date possible.

In faith whereof the respective Plenipotentiaries have signed the present convention in duplicate and have hereunto affixed their respective seals.

Done at the City of Washington the 18th day of November in the year of our Lord nineteen hundred and three.

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NOT BY A DAM SITE

Young Lock Engineer (to his new Bride.)-Annabel dear, I have just been assigned quarters up by the new dam. New Bride (looking a little disgusted)---Why, James, we surely won't have to go up there; not by a dam site.

The Deal Goes Through.

The Deal Goes Through.

277

The sale of the canal properties were authorized by the shareholders of the New Panama Canal Company on April 23, 1904, the instrument of conveyance being as fol

lows:

Now, therefore we, the New Panama Canal Company,represented by Messrs Marius Bo and Albert Rischmann, in consideration of the payment of forty million dollars in gold coin of the United States of America to said company on its order or demand, contemporaneously with the delivery of this present conveyance to the two representatives of the United States of America first above mentioned, and the delivery to them of its property in Paris, and the certificate of said Panama Railroad shares (the property of the company not being understood to include the treasury assets of the company, including deposits of money, outstanding credits and investments in bonds), and the delivery upon the Isthmus of Panama, to an agent of the United States of America, designated by them, or by the Attorney-General of the United States of America, of the remainder of its rights and properties, do hereby acknowledge and confirm the said sale, and do grant, sell and assign, transfer and set over to the United States of America absolutely, in full ownership, the totality, without exception, of the company's property and rights on the Isthmus of Panama, and its maps and archives at Paris.

Those acquainted with the negotiations for the canal property have always credited Admiral Walker with a peculiarly successful combination of statesmanship and business ability in this matter by first reporting to Congress in favor of the Nicaragua route, which report so unnerved the French company that a reduction of seventy millions. was at once made from their previous figure.

Of the forty millions paid to the French company, the canal represented $27.474,000; Panama Railroad, $6,886,000; maps and records $2,000,000. The sale included about 30,000 acres of land that went with the

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Panama Canal Offices-Panama.

Isthmian-American & PRR.News Agency & Advertising Agency. A.Bienkowski.

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