...present treaty shall supersede the afore-mentioned convention of the 1pth April, 1850. ARTICLE II. It is agreed that the canal may be constructed under...directly at its own cost, or by gift or loan of money to indivividuals or corporations, or through subscription to or purchase of stock and shares, and that,...

...the present treaty shall supersede he aforementioned convention of the 19th of April, 1850. Art. II. It is agreed that the canal may be constructed under...either directly at its own cost, or by gift or loan money to individuals or corporations, or through subscription to or purchase of stock or shewes, and...

...agreement that this treaty should supersede the Clayton-Bulwer Treaty of 1850. In the second article it is agreed that the canal may be constructed under...the auspices of the Government of the United States, and that subject to the provisions of the present treaty the said government should have all the rights...

...contracting parties could acquire an exclusive control over the route. The treaty of 1901 provides that the canal may be constructed under the auspices of the government of the United States, and thereby removes the objection which arose out of the Clayton-Bulwer Convention. Let us now examine...

...resulted in the present Hay-Pauncefote Treaty. This contains, among others, the following paragraph : It is agreed that the canal may be constructed under the auspices of the United States, either directly at its own cost, or by gift or loan of money to individuals or corporations,...

.... . . that the canal may be constructed under the auspices of the Government of the United States," and that, "subject to the provisions of the present Treaty, the said government (the United States) shall have and enjoy all the rights incident to such construction, as well as the...

...English negotiators, contained the following provisions : [Article I. It is agreed that the canal can be constructed under the auspices of the government...and that, subject to the provisions of the present convention, the said government shall have and enjoy all the rights incident to such construction,...

...Panama Banking Co. =HOUSE IN PARIS= : : :BAZAAR FRANCES: : : MISCELLANEOUS INFORMATION 255 ARTICLE II. It is agreed that the Canal may be constructed under...or loan of money to individuals or Corporations, or though subscription to or purchase of stock or shares, and that, subject to the provisions of the present...

...that the canal may he constructed under the auspices of the government of the United States, cither directly at its own cost, or by gift, or loan of money...purchase of stock or shares, and that, subject to the froT'isions of the present treaty, the said government shall have and enjoy all the rights incident...

...that: ''The present Treaty shall supersede the aforementioned convention of April I9th, 1850, * * * that the canal may be constructed under the auspices of the Government of the United States," and that, " subject to the provisions of the present Treaty, the said government (the United States)...