Show the treaty jan ai the tiong between nicaragua and boata rica growing out oe the boundary dispute affecting the nicaragua canal company discussed again yesterday by the senate in secret session and tho committee on foreign relations was instructed to inquire into what steps havo been taken under the act of congress incorporating the company and what arc tho present conditions and prospects of the enterprise and consider and leport what in its opinion the interi sta ol 01 the united states may require in re to that inter oceanic commini cation chri senate also made public the treaty signed december between the united states and nicaragua providing for the construction of an inter canal across the territory of that republic the letter of transmittal trane was signed by president arthur and is a strong argument in demonstration of ahe necessity fora canal for political and commercial reasons the startling information ia contained that this treaty which wa to have ben ratified within two years but id not obtain ratification bound the united states and to build the canal tuo treaty itself is made up of twenty five articles tha first and second articles rad that the canal ahall bo the united states nd owned by them and nicaragua there shall be a perpetual alliance berreen thel United stated and nicaragua and the former agrees to protect the integrity of the territory of tha latter i the that alie canal shall be of the largest class of ship canals that the United shall tree ue of lake nicaragua that the united states shall pay far the private lands used that a strip of land two and a half miles wide shall be set apart for the work ana owned by th two parties that no custom house charges shall be imposed by nicaragua upon fessele passing through the canal and that nicaragua beall protect the canal employees in return the united stata agrees to furnish money and build the canal railway and tele graph lines and equipment that it shall have exclusive control of the canal construction and that the canal shall be managed by a joint board that the prost from tolls are to go one third to nicaragua and two thirds to the united states that the united disavow any intention to impair the independence of nicaragua or her sister republics that the canal shall be commenced in two years and completed G tan years that the united states shall aid by it good offices if desired in securing R union of alie five central american republics and that the united states shall loan nicaragua four million dowurs to internal improvements improve menta to be a lien on the canal |