144 



Doc. No. 73. 



following persons, individually and collectively, as forming the Steam 

 Company to which it grants the privilege set forth in this compact, viz: 

 Messrs. Willard Parker, Simeon H. Ackerman, Asher Knrsheadt, and 

 Daniel T. Brown, acknowledging also at the same time the right of the 

 company to increase the number of its associates, and to supply the 

 vacancies which may occur among them. 



Art. 26. The company, as a corporate body, shall be styled the 

 Nicaragua Transit ( or transportation) Company. It shall communicate 

 with the government of the State through the medium of commissioners 

 which it may appoint for the purpose, and may adopt such seals and 

 marks for its official communications and documents as it may judge 

 necessary. It shall give notice to the supreme government of the State 

 of the president and secretary, on each election of such officers. The 

 company shall have, within the territory of Nicaragua, all the rights and 

 liberties enjoyed for their interior government, by the transportation com- 

 panies of New York. 



Art. 27. All citizens of the United States employed by the company 

 shall enjoy, during their residence in the territory of Nicaragua, the civil 

 riglits of the Nicaraguans, and in cases of delinquency they shall be sub- 

 ject to the penalties fixed by the laws; but they shall be exempt from 

 payment of direct contribution. 



Art. 28. In cases of blockade of the ports in foreign war, or of epi- 

 demics, suspending the course of transit, a period of time will be allowed 

 equal to that which is thus lost, in order to complete the forty years of 

 duration of the privilege. 



Art. 29. The present agreement shall be raiified, by the persons em- 

 powered by both parties, within the positive term of four months, counted 

 from this date; and in case it be ratified by only one of the parties, it shall 

 have no effect nor value in future. 



Signed at the city of Managua on the 14th of March, 1849. 



J. T. MUNOZ. 

 D. T. BROWN. 



A true copy from the original. 



SEBASTIAN SALINAS. 



Government House, 



Santiago de Nicaragua , March IT, 1849. 



The Senator y Director of the State of Nicaragua ^ to its inhabitants: 

 Whereas the Legislative Assembly has decreed as follows: 



The Senate and Chamber of Ilep"esentatives of the State of Nicaragua 

 in assembly convened do decree: 



Article 1. Each and all of the twenty-nine articles of the agreement 

 concluded in this city on the I4th instant, between the general-iri-chief, 

 Jose Trinidad Munoz, commissioned by the government, and Doctor 

 David T. Brown, commissioned by the Steam Company of Nicaragua, 

 composed of citizens of New York, respecting the line of transportation 

 from the Atlantic to the Pacific through Nicaragua, are approved. 



Art. 2. So soon as this agreement shall have received its ratification 

 by both parties within the term prescribed by its last article, it shall be- 



