Salt Lake Tribune | 1911-03-02 | Page 1 | Honduran Financial Treaty in the Senate

H0NDURAN FINANCIAL TREATY IN THE SENATE Attempt Will Be Made to Approve tho Convention Before the Session Ends. WASHINGTON. March 1. The senate com ml t toe on foreign relations today do-eldcd do-eldcd to report favorably I ho Houduran financial treaty and will make a determined deter-mined effort to obtain the approval of tho senate for the convention by tho presont congress. The treaty In brief throws tho protection protec-tion of the United Stalen over a contract made, between the Honduraii government and (ho J. P. Morgan Interests for the refunding re-funding of the enormous debt of Honduras Hondu-ras on a basis of ono to tlfleen. Provision Ih made for the allowance of money for the completion of projected railroad Hellenics. This will be the opening wedge for a series of similar treaties between the United Stales and countries of Central and South America, the purpose of which will bo to rehabilitate the finances of those countries, and while greatly reducing tho niuouut of money which they arc annually obligated to pay over to ISiiropean bond-lioldcr.s, bond-lioldcr.s, removes any pretext for interference inter-ference by Huropcan governments in the affairs of the Americun republics.