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McKinley, William, 1843-1901

"A Supplement to A Compilation of the Messages and Papers of the Presidents"


Menacing differences between several of the Central American States have
been accommodated, our ministers rendering good offices toward an
understanding.
The all-important matter of an interoceanic canal has assumed a new
phase. Adhering to its refusal to reopen the question of the forfeiture
of the contract of the Maritime Canal Company, which was terminated for
alleged nonexecution in October, 1899, the Government of Nicaragua has
since supplemented that action by declaring the so-styled Eyre-Cragin
option void for nonpayment of the stipulated advance. Protests in
relation to these acts have been filed in the State Department and are
under consideration. Deeming itself relieved from existing engagements,
the Nicaraguan Government shows a disposition to deal freely with the
canal question either in the way of negotiations with the United States
or by taking measures to promote the waterway.
Overtures for a convention to effect the building of a canal under the
auspices of the United States are under consideration.


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