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Page 170 - The Canal shall be free and open to the vessels of commerce and of war of all nations observing these Rules, on terms of entire equality, so that there shall be no discrimination against any such nation, or its citizens or subjects, in respect of the conditions or charges of traffic, or otherwise Such conditions and charges of traffic shall be just and equitable.
Page 174 - It is impossible that the allied powers should extend their political system to any portion of either continent without endangering our peace and happiness ; nor can any one believe that our Southern brethren, if left to themselves, would adopt it of their own accord.
Page 172 - It is agreed that no change of territorial sovereignty or of the international relations of the country or countries traversed by the before-mentioned Canal shall affect the general principle of neutralization or the obligation of the High Contracting Parties under the present Treaty.
Page 172 - The Republic of Panama grants to the United States in perpetuity the use, occupation and control of a zone of land and land under water for the construction, maintenance, operation, sanitation and protection of said Canal...
Page 171 - The Canal, when constructed, and the entrances thereto shall be neutral in perpetuity, and shall be opened upon the terms provided for by Section I of Article three 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 18, 1901.
Page 172 - II which the United States would possess and exercise if it were the sovereign of the territory within which said lands and waters are located to the entire exclusion of the exercise by the Republic of Panama of any such sovereign rights, power or authority.
Page 172 - Differences which may arise of a legal nature or relating to the interpretation of treaties existing between the two Contracting Parties and which it may not have been possible to settle by diplomacy, shall be referred to the Permanent Court of Arbitration established at The Hague by the Convention of...
Page 170 - ... and that the same canals or railways being open to the citizens and subjects of the United States and Great Britain on equal terms shall also be open on like terms to the citizens and subjects of every other State which is willing to grant thereto such protection as the United States and Great Britain engage to afford.
Page 169 - Canal; agreeing that neither will ever erect or maintain any fortifications commanding the same, or in the vicinity thereof, or occupy, or fortify, or colonize, or assume or exercise any dominion over Nicaragua...
Page 180 - ... the first day of their sitting, that no professional report on the condition of the works and property of the various undertakings had been asked for by the negotiator for the purchase, so that there was no assured proof that the expenditure for maintenance and repair might not be found to advance more rapidly in the future than it has done in the past. Such, indeed, is the experience of our railways, and publie works in general.