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Anything like an extended criticism of the proposed treaty will not be attempted here. The first articles convey nothing, and do not even profess to convey anything; would not any capitalist, anticipating an investment of four millions, and a contingent liability of as much more, demand an exact schedule of the property for which he is paying, and a warrant of the legitimacy of the title?

Suppose that the claims of foreign governments for indemnification for acts of outrage and imprisonment committed under the rule of the Republic, the Japanese indemnity, and the value of the crown lands, should raise the debt limit to eight millions, do the parties ceding this territory come under personal obligations to pay the overplus indebtedness?

In regard to the crown lands, even the best-informed citizens of the United States do not understand the difference between these and the lands of the Hawaiian government. Originally all territory belonged to the king, by whom it was apportioned for use only, not for sale, to the chiefs, who in turn assigned tracts, small or large, to their people; an excellent system for us, by which the poorest native had all the land he needed,