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A Compilation of the Messages and Papers of the Presidents - Volume 5, part 1: Presidents Taylor and Fillmore by James D. (James Daniel) Richardson
page 68 of 357 (19%)
ratification, distinctly recognizes the rights of sovereignty and
property which the State of Nicaragua possesses in and over the line of
the canal therein provided for. If the Senate doubt on that subject, it
will be clearly wrong to involve us in a controversy with England by
adopting the treaty; but after the best consideration which I have been
able to give to the subject my own judgment is convinced that the claims
of Nicaragua are just, and that as our commerce and intercourse with the
Pacific require the opening of this communication from ocean to ocean it
is our duty to ourselves to assert their justice.

This treaty is not intended to secure to the United States any monopoly
or exclusive advantage in the use of the canal. Its object is to
guarantee protection to American citizens and others who shall construct
the canal, and to defend it when completed against unjust confiscations
or obstructions, and to deny the advantages of navigation through it to
those nations only which shall refuse to enter into the same guaranties.
A copy of the contract of the canal company is herewith transmitted,
from which, as well as from the treaty, it will be perceived that the
same benefits are offered to all nations in the same terms.

The message of my predecessor to the Senate of the 10th February, 1847,
transmitting for ratification the treaty with New Granada, contains in
general the principles by which I have been actuated in directing the
negotiation with Nicaragua. The only difference between the two cases
consists in this: In that of Nicaragua the British Government has seized
upon part of her territory and was in possession of it when we
negotiated the treaty with her. But that possession was taken after our
occupation of California, when the effect of it was to obstruct or
control the most eligible route for a ship communication to the
territories acquired by us on the Pacific. In the case of New Granada,
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