Doc. No. 75. 



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canals, roads, and navigable waters, on terms at least as favorable as the 

 subjects or citizens of any other nation or country. 



11. Said charter shall provide that the said works shall be commenced 

 by said company within ten years after it shall be fully organized under 

 said charter, or otherwise forfeit their privileges; so likewise if they shall, 

 after said works are begun, (declare their intention to abandon them, 

 and) cease to prosecute the same for four entire successive years inten- 

 tionally. 



Art. 4. The charter aforesaid may contain such other provisions and 

 grants of rights and privileges not in violation of, or in conflict with, any 

 of the preceding or subsequent articles of this treaty, as may be deemed 

 necessary, convenient, or proper for the objects in view by either the 

 President or Congress of the United States; and the same, when 

 framed and issued, shall be approved and legalized by the government of 

 the State of Nicaragua; and no privileges or emoluments shall bs granted 

 in said charter to either of the contracting parties which shall not like- 

 wise be held and enjoyed to the same extent by the other. 



Art. 5. The government of the United States shall have the right to 

 erect such forts and fortifications at the ends and along the lines of said 

 works, and to arm and occupy the same in such manner, and with as 

 many troops, as may be deemed necessary by the said government for 

 the protection and defence thereof, and also for the preservation of the 

 peace and neutrality of Nicaragua, to whom pertain equal rights as inhe- 

 rent to her sovereignty. 



Art. 6. The public armed vessels, letters of marque, and privateers, 

 and the private merchant and trading vessels belonging either to the gov- 

 ernments or the subjects and citizens of nations, kingdoms, or countries 

 with which either of the contracting parties may be at war, shall not^ 

 during the continuance of such war, be suifered or allowed to come into 

 the ports at the terminations of said canals, nor be allowed to pass on or 

 through the same on any account whatever; neither shall the vessels of neu- 

 tral nations, whether public or private, be allowed to convey, by means of 

 said canals, articles contraband of war to or for the enemies of either of the 

 contracting parties, or to or for other nations or States who may be at war 

 with each other. Nor shall the vessels of countries who are engaged in war 

 with each other, owned or employed and armed by them to carry on 

 such war, during its continuance be allowed to pass through the said 

 canals. The public and private v^essels of all nations, kingdoms, and 

 countries which are in peace with both the contracting parties and with 

 each other shall be permitted to enter said ports, and to pass or be con- 

 veyed through the said canals; but they shall be subject, however, to the 

 payment of such duties, charges, and tolls as may be established by the 

 proprietors of said works. 



Art. 7. The State of Nicaragua may of course exercise her right of 

 erecting and establishing, anywhere on the routes or margins, or at the 

 points of termination of said works, custom-houses and warehouses, and 

 to collect duties, according to her own laws, upon the goods, wares, and 

 merchandise imported for sale or consumption into her territories by means 

 of said works; and the State of Nicaragua may adopt and enforce all need- 

 ful rules and regulations to prevent smuggling, or the introduction of con- 

 traband goods in her territories. But it is expressly agreed that the State 

 of Nicaragua shall not impose, enforce, or collect any taxes, charges; or 



