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Show SPECIAL iriK'firAlc'fic'k'k'k'X'k'k'k'k'kltlrtc'klcif'kiiciK'kickickick'fic'tckit'tctck :x Independent DedicafedTo The Constitution, Liberty, Morality, and Vol. 8, No. 45 Truth 25C Salt Lake City, Utah 84115 I I UNWEflfflOT'B CmiWviTr' 4 T j vjrjca Panama Canal Treaty, Official Text A Reprinted by permission from Sept. IS, 1977. The United States of America and Upon its entry into force, this Treaty the Republic of Panama, terminates and supersedes: decActing in the spirit of the Joint (a) The Isthmian Canal Convention laration of April 3, 1964, by the Repre- between the United States of America sentatives of the Governments of the arid the Republic of Panama, signed United States of America and the at Washington, November 18, 1903; Republic of Panama, and of the Joint (b) the Treaty of Friendship and Statement of Principles of February 7, Cooperation signed at Washington, 1974, initialed by the Secretary of State March 2, 1936, and the Treaty of Mutuof the United States of America and al Understanding and Cooperation and the Foreign Minister of the Republic the related Memorandum of underof Panama, and standing reached, signed at Panama. Acknowledging the Republic of PanaJanuary 25, 1955, between the United mas sovereignty over its territory. States of America and the Republic of Have decided to terminate the prior Panama; treaties pertaining to the Panama Canal (c) all other treaties, conventions, and to conclude a new treaty to serve agreements and exchanges of notes beas the basis for a new relationship be- tween the United States of America tween them and, accordingly, have and the Republic of Panama, concernagreed upon the following: ing the Panama Canal which were in force prior to the entry into force of this treaty; and (d) provisions concerning the Panama Canal which appear in other treaties, and exconventions, agreements changes of notes between the United States of America and the Republic of Panama which were in force prior to Article I Abrogation of Prior Treaties and Establishment of a New Relationship A Paul Scott Washington: Three separate Justice Department investigations of influential lawmakers opposed to key parts of President Carters foreign policy are causing concern in Congress that a new enemies 57 E. Oakland Salt Lake City, Utah 84115 SECOND CLASS POSTAGE PAID AT Salt Lake City, Utah list" has been developed inside the Carter administration. Targets of the new inquiries, all leaked to the press, are ), Representatives John Murphy ), and Dan Rood (D-NY- (D-PA- Derwinski Edward vigorous critics of the Panama Canal Treaty and opponents of the administration's new policy of ac(R-IL- L). commodating and collaboration with Marxist Communist -- governments. Representative Murphy, chairman of the House Merchant Marine and Fisheries Committee, and Representative Rood, a ranking member of the House Aphave propriation Committee, seriously embarrassed the Carter administration by their public revelations of the drug smuggling activities of officials of the government of Panama's dictator Omar Torrijos, including his brother now Ambassador to Spain. vigorous supporter of South Korea and the Republic of A t : rs . : ' 'j o r- -l rrj .) r. i rt t- . - ' : . -- l Free China. Representative is Derwinski the ranking Republican on a committee on House Sub- International Organizations which has been holding . hearings on the implementation of President Carters Human Rights policy toward foreign governments. Headed by Representative a member Donald Fraser ). (D-MN- a i v pT CHRISTIAN BEACON. Collingswood. NJ 08108. the entry into force of the Treaty, uninterrupted and efficient operation of the Panama Canal. p in accordance with the terms of this Treaty and related agreements, the Republic of Panama, as territorial Ratification, Entry Into Force, sovereign, grants to the United States and Termination of America, for the duration of this ' ArtTclell treaty, the rights necessary to regulate the transit of ships through the Panama Canal, and to manage, operate, main- tain, improve, protect and defend the canal. The Republic of Panama guarantees to the United States of America the peaceful use of the land and water areas which it has been granted the rights to use for such purposes pursuant to this Treaty and related agreements. 3 The Republic of Panama shall participate increasingly in the management and protection and defense of the Canal, as provided in this Treaty. pi . In view of the special retetionshipi established by this Treaty, tne United, States of America add the Republic or Panama shall cooperate to assure the M This treaty shall be subject to ratification in accordance with the constitutional procedures of the two parties. The instruments of ratification of the Treaty shall be exchanged at Panama at the same time as the instruments of ratification of the Treaty concerning the Permanent Neutrality and Operation of the Panama Canal, signed this date, are exchanged. This treaty shall enter into force, simultaneously with the Treaty Concerning the permanent neutrality and operation of the Panama Canal, six calendar months from the date of the exchange of the instruments of ratification. pi This treaty shall terminate at noon, Panama time. December 3 1 . 1999. , Continued on page 6 PANAMA?- LOOK TO THE MONEY! THE NEW "ENEMIES LIST By 1977 NOV 1 C'vc-'.- 1M377 Bv Tom Rose the far-le- ft wing of the Democratic party, the Subcommittees Democratic members arc working with key policymakers within the Carter administration to use the new Human Rights policy to try to force radical political changes in a number of of Plano, Texas 75075 American Enterprise Publications All rights reserved noted that some large American banks had S. A) page National Bank of Pacific National Bank A few months ago this column made loans to underdeveloped countries and that the loans had gone sour, thereby pro-U.foreign governments. As the most influential endangering the liquidity of the Republican member of the Sub- banks, and possibly posing a threat committee, Derwinski is trying to to the American economy. (See Trouble bring a balance into the panels column entitled hearings by demanding that Ahead?') Recently it has come to governments charged with Human Rights violations be given a chance light relative to the proposed to be heard and present their side of Panama Canal treaty that Panama owes some S2.7 billion to the story. The Illinois Republican also banks and international financial has insisted that the Subcommittee organizations, and that some SI. 5 air the massive Human Rights billion of this amount is owed to On violations in such countries as large American banks. 15 Cuba. Vietnam, Laos, Cambodia, September Rep. Robert K. North Korea, Communist China, Dornan (R-Cprovided a list of banks to the House of Represenand the Soviet bloc. which arc holding Because of their political tatives The IOUs. power bases on strategic Congres- Panamanian sional Committees and their long American banks included in his list legislative experience. Represen- arc: Bank of America NT & SA tatives Derwinski. Murphy, and Bankers Trust Company Rood have been highly effective in Chase Manhattan Bank, N.A. cither blocking or exposing key Citicorp International Bank elements of the President's Ltd. emerging policy. First National Bank of Boston Government insiders say their First National Bank of has greatly irked opposition policy-makein the State Chicago First National City Bank Department and their supporters Marine Midkind Bank. New in Congress, including Reprcscn-Continue- d York 5 on rs Republic Dallas Security Bank of California, N.A. The fact that Sol Linowitz, President Carters chief negotiator of the proposed Panama Canal t reaty. is a former director and still a large stockholder in the Marine Midland Bank should make the American public very, very suspicious of the proposal to relinquish control of the Canal. It seems that the Marine Midland Bank is holding an $8 million IOU of the communist Torrijos regime, and that this IOU cannot possibly be paid unless some means could be worked out to provide the necessary repayment funds to dictator The other banks, of Torrijos. course, arc in a similar precarious financial position concerning the funds they have loaned to Panama. read over the When terms of the proposed Panama Canal treaty, I thought it was very strange, to say the least, that our political leaders would consider not only giving the Canal up without compensation, but even pacing the Communist dictator to take the Canal! The multi-millioof worthless paper held by large American banks explains, of course, the decidedly strange provisions of the treaty. American public for The ns Continued on page 4 |