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Show NICARAGUA HAS CHANCE WIIHTREATV If It Goes Throagh, United States Will Guarantee Peace Down There. REPUBLIC COULD BORROW HONEY THEN aw ' r- Even Tariff HaKin Would Be Under Supervision of This Country. BT-rBEDEBTfl J rTAHKTW. , MANAGUA, Nicaragua.-'-Althoogh 1 Nieantgua haa been known aa tha land of blasted hope, the future holds much ia promise for it. Whether or not the ,courae of the American state department in trying to put into effect ef-fect a treaty which will guarantee to the United States the right to maintain main-tain peace in Nicaragua ia wise from ' the standpoint of the American people, peo-ple, ia an open question. But there ean ba no doubt that from the standpoint of Nicaragua it would - be altogether wise to make such a guarantee possible. After a century of upheaval and turbulence, during which the major portion of the energies ener-gies of the people haa been spent in warfare, it i little wonder that the patriotic Niraraguan has come to a desire for peaee, erea though the terms of that peace carry with it the right of a great foreign nation to interfere in its affairs. One of the 6 rat fruits of a reign of peace would be the reduction and final extinction of the national debt. This debt a rear ago amounted to about 67,000,000 pesos silver, or $25,-OOOjOOO $25,-OOOjOOO gold. Almoet half of this is interest hearing, and eonstitutea ' a heavy burden on tha government. Ita Oracut la Low. . Without the assistance of the United State the Niearaguan government eould not borrow money except at a .ngure far below par. If the expri-ence expri-ence of Santo Domingo should be duplicated, du-plicated, the bonds of Nicaragua issued is-sued under American -supervision of the customs houses would sell several points above par.-. par.-. If the-treaty now pending is ratified Vk bv the Unite Statee senate, Nicaragua a will be subject to the eontrol ' of the United Mtatee even in the making of its tariff laws. Ia this and other di- reetiooe Uncle Bam will guarantee to tbe buvers of the new bonds that their securities will not be depreciated ' by reason of war, and also that they will not be cut down in value by reason of adverse political conditions in time of pence. It is easy to sea that with the Washington government able to insist upon peace and authorized to require the maintenance of a sound fiscal policy, pol-icy, the United States practically would dominate affairs in Nicaragua. What Salvador Does. What Nicaragua haa to look forward to under a regime of sound governmental govern-mental policies continuing through a long term of yeara may be beet illustrated illus-trated by some comparisons with . its neighbor, the republic of Salvador. No one familiar with conditions ia the two republics can resist the conclusion that the Nicaragua of tomorrow may become be-come what the Salvador of today is. With land more fertile and better adapted to the maintenance of a large population than that of Salvador, acre for acre, if Nicaragua ever is able to reach the density of population existing exist-ing ia Salvador today, it will have nearly 12.000,000 inhahitanta aa compared com-pared with less than 6U0JXM) now. If Nicaragua's foreign . commerce thall ultimately become aa great in proportion propor-tion to extent of territory aa that of Salvador today, it will aggregate $70,000,000 a year at compared with a beggarly $700,000 today. If the buying buy-ing capacity of the Niearaguan people thall ultimately become aa great at that of the people of Salvador today, their annual importationt will amount to $33,000,000, as compared with a trifling $350,000 today.- If their export trade ehall become as great in proportion propor-tion to the size of the two countries aa that of Salvador now is, it will amount to $40,000,000, aa compared with $30.00 today, k. Blch in Agriculture. The agricultural possibilities of Nicaragua may be appreciated by a comparison of tbe coffee crop of Salvador Salva-dor with that of Nicaragua. The annual an-nual production of coffee in Salvador amounte to mora than 65,000,000 pounds. If Nicaragua ahall ultimately grow aa much coffee in proportion to the aize of ita territory aa Salvador now grows, its total yield would be nearly 400,000,000 pounds. In its best yeara today Nicaragua bat aa annua) erop of about 14.000.000 pounds. These comparisons might be continued indefinitely, in-definitely, showing that evea with its future simply equaling and not surpassing sur-passing present day conditions in Salvador, Sal-vador, Nicaragua could ba one of the richest of tbe smaller eoua tries of tbe .world. " And let one not imagine for a minute min-ute that Salvador haa reached the limit of its progress. Large areas of ita territory are still in virgin forests. The greater portion of its lands are ' still far beyond the sound of the locomotive loco-motive whistle. - One may readily believe be-lieve that when tha era of universal education dawnt ia Salvador, and all of ita people are equipped fpr profitable profit-able labor, the products of the eountrv may be doubled. If Nicaragua shall ever reach the point to which the Bal-vadoreaaa Bal-vadoreaaa are striving, it will indeed become a modem J' Mahomet 'e paradise." para-dise." Kepnbllea May Unite, It ia not improbable that oat of the developmenta of tbe future mav be a anion of the five republics of Central America. Many of the leading states-t states-t man ef each of these stnsli conatries f realize that each a coarse would inert greatly to the benefit of all parties eon- (Continaed.oa page a.) J NICARAGUA HAS CHANCE WITH TREATY (Continued from patfe 1.) earned, and that nothing but eonfl'eting personal ambitions stand io tha war or the fulfillment of surh a union They admit that the experiment waa tried at one time aad failed after less than two deeadee, but they assert tbat Central America aaa progressed is political wisdom wis-dom tinea tha downfall of the confederation confed-eration three quartern of a eentnrv ago. With such a confederation, maintaining maintain-ing a system of educating the maaxes in the pursuits of agriculture and other wealth-creating industries, it is certain that great good to the people at large would result. And to this the great growth of commerce which the completion comple-tion of the Panama canal will bring to the republics south of Mexico and the result is a new factor in the commerce of tha world snd is its politics. C bancs for Americans. . Once the United States takes steps to guarantee peace in Nicaragua and to make investments secure, it is certain that large immigration will be attracted at-tracted to the country. Probably thou sands of Americans will go there to take advantage of the exceptional opportunities opportu-nities which come to pioneers is a country coun-try in the transitory stage between perpetual per-petual war and permanent peace. With lands so fertile aa to rival such districts dis-tricts aa the Imperial valley of California, Cali-fornia, with s ready market for its products, pro-ducts, with abundant opportunities for intelligent investments, Nicaragua, on a peace footing, would possess a very strong appeal to the pioneer of many lands. Certainly no altruism could confer s greater boon upon any struggling strug-gling republic than a guarantee- of peace would confer nP da'rWeah the United States from such s development develop-ment in Nicaragua would be great enough to justify the assumption of the responsibilities proposed by the state department is a question upon which those entitled to spesk with authority differ widelv. But whether such a course would be beneficial to Nicaragua admits ad-mits of no difference of opinion, as is shown by the alacrity with which they have agreed to the propose). Canal Stocks Alive. There are those who believe .that the day will dawn when at least a small in tefoceanie canal will be constructed across Nicaragua, utilizing the San Juan river and Lake Nicaragua as a part of the waterway. Such an enterprise would certainly prove a benefit to the people of Nicaragua, giving a large portion por-tion of the western part of the interior direct water connections with the Atlantic At-lantic ocean. While it is scarcely proh- LU I. . ih. -.-...linn nne livin will see such a eanal constructed, it is possible pos-sible that the rapids in the 8an .luao river which now obstruct nsvtjration and the bars at the mouh of the river at Grevtown will be cleared out, so thst it will be possible for the people of Leon, Managua and Granada, each less than twentv five miles from the Pacific coast, to send their products to the Atlantic by water. It is a most inter-cut inter-cut in (r fact thst although the Nicaragua Nicara-gua canal seems to be a defunct project, pro-ject, the shares of stock of the com-pasy com-pasy which undertook to build it "till have a market value, some of them cbsnging hands in Franco only s few months ago. Remember Monro Doctrtno. Whatever ths disposition of the pending treaty with Nicaragua and whatever the future of that country, it is inevitable thst the United Hta ten must ever maintain a deep interest in the welfare of this conntrr and its sister sis-ter republics. laying between the United States and the great canal at Panama, the countries of Central America possess the power to impose irritating if not harmful conditions upon up-on commerce. Closely allied with the United States and in sympathy with its purposes toward them and toward tne other countries which must use the Panama eanal, the republics of Central America will possess a considerable influence in-fluence pver affaire at Panama, especially espe-cially in case the United States became be-came involved in a war with an Euro-pean Euro-pean power. That the countries of Central America are deeply interested in the Monroe doctrine oes without saying, but ther sre sometimes forgetful forget-ful of the many benefits that have been conferred upon them by tos insistence of the United States in maintaining that internstional principle. - Tomorrow Oonfectionsry. |