Salt Lake Herald | 1900-08-02 | Page 2 | Seizure Was Expected

Seizure Was Expected Washington Aug seizure f the property of the Maritime company has long been expected I the terms of the concession tire Nia agua Canal company was period of ten years after the tion of the preliminary surveys ii which to complete the f I the canal The period expired I two years ago The Nicaraguan fr frI I seeing the failure of the company I comply with the letter of its contra I into another arrangement wit Ii what was known as the syndicate to take up the original cession promptly upon Its u uThe The Nicaragua Canai company r rI I rather Its successor the a was notified that Ni government had it itI I concession and intended tO its properties according to the terms of the concession Appeal to United States The canal company en appealed to the government of th United States on the strength of an article in the providing that should of main force arise duy justified and sufficient to progress of the work during the of tep years an extension shall iv granted etc The company claimed that this a had arisen and asked fr the extension referred to The last of the provides that in tiit event of a misunderstanding the government of Nicaragua and th company the subject should be sui to four arbitrators who be selected by each party Arbitration Is Demanded The company upon the refusal of I claim by the Nicaraguan demanded this arbitration The N government admitted the in injustice justice of the demand but required rh rhall all four of the arbitrators should 1 natives The company refused tn mit its interests to the care of su 1 agents and United States Mini Merry at the instance of the stat i intervened In Its favor It appears now that the arbitration ha failed as the Nicaraguan claims by the expiration of the d allowed for its work the has proceeded to make the the canal property The company has not yet been fl titled of this action and when it i I probably take some steps to I the Nicaragua government