purely commercial purpose, in which all the navigating nations of the
world have a common interest.

4. In entering into the mutual guaranties proposed by the thirty-fifth
article of the treaty neither the Government of New Granada nor that of
the United States has any narrow or exclusive views. The ultimate
object, as presented by the Senate of the United States in their
resolution to which I have already referred, is to secure to all nations
the free and equal right of passage over the Isthmus. If the United
States, as the chief of the American nations, should first become a
party to this guaranty, it can not be doubted--indeed, it is confidently
expected by the Government of New Granada--that similar guaranties will
be given to that Republic by Great Britain and France. Should the
proposition thus tendered be rejected we may deprive the United States
of the just influence which its acceptance might secure to them and
confer the glory and benefits of being the first among the nations in
concluding such an arrangement upon the Government either of Great
Britain or France. That either of these Governments would embrace the
offer can not be doubted, because there does not appear to be any other
effectual means of securing to all nations the advantages of this
important passage but the guaranty of great commercial powers that the
Isthmus shall be neutral territory. The interests of the world at stake
are so important that the security of this passage between the two
oceans can not be suffered to depend upon the wars and revolutions which
may arise among different nations.

Besides, such a guaranty is almost indispensable to the construction of
a railroad or canal across the territory. Neither sovereign states nor
individuals would expend their capital in the construction of these
expensive works without some such security for their investments.