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Show sislsl NICAnAOUAN CANAL. Trlj n.jsrilln J lis Caa.lracltan Throo,h Mnniu Hlfiir,! Secretary liar, BaturJoy morning, (or the (foverninent of Hi United Htatea, anil 8enor Corrca, tlie Nlcara guan minister, for his own government, govern-ment, signed a treaty whereby tho latter lat-ter government concede, lo Hi government gov-ernment of tlie United Stale the necessary nec-essary rights and privilege, within her bestowal for the construction of the Nlcaraguan canal. This action is taken In anticipation of congressional nctlonupon the pending pend-ing Klcaraguan canal bill and the liny-l'aunccfote liny-l'aunccfote trcaly Tending thoaub-inlsslon thoaub-inlsslon of tha trcrty to tho senate, which body must ratify the agreement. Its terms will nolle made public. It la understood, however, lhat generally gen-erally Nicaragua grants to th Untied Btatea government tho exclusive right lo construct and opernt III canal between be-tween tho Atlantic and Pacific across Nicaragua, Including the free use ot the ban Juan river and of lalce Managua Mana-gua aa part of the water course. Nicaragua Ni-caragua 1 also to rid herself of any outstanding treaties that would tend In any way to aurldj the privilege to be acquired by the United Ktatce. It la understood also that Nicaragua concede, lo the United Mate full authority au-thority to police the canal. Nicaragua Is to receive In compensation a certain amount of the securities of tho Canal Construction company, and although it la not possible now to learn the figure fig-ure aet down In the treaty, It Is believed be-lieved to approximate 830,000,1100. |