572 PUBLIC TREATIES. upon as are contrary to the spirit and intention of this treaty, either by making unfair discriminations in favor of the commerce of any country or countries over the commerce of any other country or countries, or by imposing oppressive exactions or unreasonable tollsupon mails, passengers, vessels, goods, wares, merchandise, or other articles. The aforesaid protection and guarantee shall not, however, be withdrawn by the United States without first giving six inonths’ notice to the Republic of Nicaragua. ARTICLE XVIII. G1‘=>·¤¢¤ ¤¤d <=¤¤- And it is further agreed and understood that in any grants or con- “`“°“’· tracts which may hereafter be made or entered into by the Government of Nicaragua, having reference to the interoceanic routes above referred to, or either of them, the rights and privileges granted by this treaty to the Government and citizens of the United States shall be fully protected and reserved. And if any such grants or contracts now exist, of a valid character, it is further understood that the guarantee and [sca A rtiele protection of the United States, stipulated in Article XV of this treaty, XV.] shall be held inoperative and void until the holders of such grants and contracts shall recognize the concessions made in this treaty to the Govermnent and citizens of the United States with respect to such interoceanic routes, or either of them, and shall agree to observe and be governed by these concessions as fully as if they had been embraced in their original grants or contracts; after which recognition and agreement said guarantee and protection shall bein full force; provided that nothing herein contained shall be construed either to aiiirm or to deny the validity of the said contracts. ' Anrronm XIX. Li¤¤ifMi¤¤ of After ten years from the completion of a railroad, or any other route
- °u“• of communication through the territory of Nicaragua, from the Atlantic
to the Paciiic Ocean, no company which may have constructed or be in possession of the same shall ever divide, directly or indirectly, by the issue of new stock, the payment of dividends or otherwise, more than fifteen per cent. per annum, or at that rate, to its stockholders from tolls collected thereupon; but whenever the tolls shall be found to yield a larger protit than this, they shall be reduced to the standard of fifteen per cent. per annum. Amrrotu XX. Duration of The two high contracting parties, desiring to make this treaty as
- '°°·°¥· durable as possible, agree that this treaty shall remain in full force for
the term of fifteen years from the day of the exchange of the ratifications; and either party shall have the right to notify the other of its intention to terminate, alter, or reform this treaty, at least twelve months before the expiration of the fifteen years; if no such notice be given, then this trea-ty shall continue binding beyond the said time, and until twelve months shall have elapsed from the day on which one of the parties shall notify the other of its intention to alter, reform, or abrogate this treaty. ‘ ARTICLE XXI. R“"‘°°'“‘°“°· The present treaty shall be ratified, and the ratilications exchanged _ at the city of Managua, within one year, or sooner if possible. Suzn¤¢¤¤‘¤¤- In faith whereof the respective Plenipotentiaries have signed the same, and aihxed thereto their respective seals. Date. Done at the city of Managua, this twenty-first day of June, in the year of our Lord one thousand eight hundred and sixty-seven. A. B. DICKLNSON. [L. s.} TOMAS AYON. [L. s.