M.M.ICILW In, 



CAAU 



. 



* 

 ,,..111.. ...... ..; 



. -. - . ' . , 



' - 



o ummanTJil development that woul. I f >1 

 the canal. said aa to the 



Tpboli UM* the national and "' mati M| 



p,,wrr* -f i,r tJ.,t,-rnm,-nt ..f UM I nited Etas* 



tmlrr our Constituti- ti. t.. those of 



m earth. I am a Democrat of ao 



* met aa to all ilmt n-littrs to the powers 



i or 

 -mctimes feel that I 



as it more* in ao aggremire oourae against our 



that hi* viul doctrine of the Democratic creed 

 r the protection of the right* of 



.'.- mi'i t tan the Union, 



ami wcrv not limiiali.-n* BJMI 'I,.- j. ., r -f Th. 



n.i to promote th.tr -.-iii-rnl welfare in our 

 dealing* Mid relations with foreign peoples and 



it A. 



lieee matters, I repeat. I would rery 

 regret to be compelled U> almit that the 

 s does not possess powers equal to 

 BOSS of any nation in iln- 



he case of the -rates Bank the 



Gorenunriit ..WM--.1 a minority <>f the stock and 

 Ike majority was owned 'iiens. 



This was, for this reason, a public cororation, 



-..-...>! 



exstt M 

 of this 





-The 



i. thr ~,|, 



-lire orr thr ,,,-m 



protection and 



fonU.lror h-tilr u,irMri,t..i, .th the 

 or the |iower that 



" I assume. u,-,n the basts of 

 well a* that of unavailable log 

 oessary for the securi ty of com 

 equenUy. of the peace of UM 

 powers, that the Sues Canal and UM J 

 Canal should be under the cm and 



II IS B- 



at- 



rporaon, 



business, 



of the i.Un,l ,.f t -ti.ru. 

 the occupation of topi are auditory MPporta, 

 The other powers will always see to to that UM 

 neat of the "*nsl by neutrals snail be without 

 dbcrimlnatinii T* 



lor anv exclusive |wwei over UM 

 i * canal for commercial 

 -In time of war the occupation' of' 

 ways of the oceans will be controlled by i 

 bran**: hi kh 

 No treaty can proven 

 against it in advance. In 

 Hntain all treaty rwjuirrmmt. M to UM canal 

 Marie and UM Wetland Canal would 



ssjen secret business, of dealing 



mission. 



was an instrumentality of Government 

 nwd was exempt from tax 



anal b to hare a majority of iU st. k in 

 tne ownership of the United States as an asset 



Treasury. It is to hare a majority 

 ^^prs appoint. 1 l>\ the President and con- 

 he Senate. Its business relates to 

 tne commerce and navigation of every nation of 

 the ear r th.- tlirvct regulation of 



^^si with foreign powers. At its council 

 bnanl ..f ,: 



* sovereign republics are assemble*! In 



Nicaragua and Costa Rica the Maritime Canal 



n the right tn the exclusive steam 



Imdy of land im>rv than 1.300 square 

 lies in area in aragua. It htt 



tne power to levy tolls on th* ships of all na- 

 tions pawing thnmgh ih.- osjml UMBptii . 

 local taxation on all it* im|*,rtation*r uial 



. with the right to make and enforce 



near the line of thr 



canal nn<) near nil its works and appurtenanosa, 



ill these and -ther lik.- j..weri srarrely 

 less than sorereign. there are tii; 

 steroly persist in a private corporation 



at Sault Ste, 



vanish at the sound of UM Irst __ 

 rtmai of peace th* rights of nations are to be 

 prvM-nol in th. N: Bjaj lai *-. - - - 

 countries that own it. la thw datv UM 

 United Slates will nm tu authority ua UM 

 firm and just im|>arttality that brcoai 

 aoter at a gtuat republie, baring no < 

 alliances with 



only thrtHigh UMI 

 some fleet nation. 



\ . 

 to draw the 



r. 1 ' ' .. ' ;.- 



to their prospsnty. The 

 In nod Slate* to protect this 



of 



b not 



