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There are two questions involved in our recent recognition of a new State of Panama, and in the negotiation of a canal treaty with that State. These are: First, whether the action of this Government was correct, was according to law and precedent and in conformity to treaty; second, whether the newly recognized State is in such possession of sovereignty as to make its title to property which it may agree to convey good for anything. As Congress is called upon to pay ten millions of dollars for the canal concession, together with sundry other considerations, Panama's right to convey is a vital point in the contract. And the reputation of our country for dignity, fairness, and obedience to law is something which no administration and no citizen would willingly see hazarded.

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