In 1904 and 1905, Secretary of State John Hay negotiated a series of treaties that provide for the general arbitration of international disputes. Article II of the Treaty with Great Britain, for example, provided that „in each particular case, the High Contracting Parties enter into a special agreement before being called before the Permanent Court of Arbitration, clearly specifying the issue and the extent of the powers of arbitrators and setting the deadlines for the formation of the arbitration tribunal and the various stages of the proceedings.” 460 The Senate approved the British treaty by a constitutional majority, having first amended it by „agreement” by imposing the word „treaty.” President Theodore Roosevelt, who called „ratification” a rejection, sent the treaties to the archives. „In historical practice,” said Dr. McClure, „The compromise on which disputes have been settled includes both contracts and executive agreements in good numbers,”461 a statement supported by Willoughby and Moore 462 An excellent example of the application of the tax exemption rule was given by the derivative doctrine that such immunity was given solely to the benefit of the company receiving them and thus to the exclusive benefit of the receiving organization, and therefore to the exclusive interest of the receiving organism. receiving organism and therefore as 2151 If two companies, 2153 The new corporation was considered taxable, that is, a law granting a capital company all the „rights and privileges” of a previous corporation, but prevented from granting its „immunity” from taxation.2153 A new law was again passed, which granted a corporation all the „rights and privileges” of a previous corporation. 2153 , a statutory authorization to transfer one business to another The first „Estate, Property, Rights, Privileges, and Franchises” was held to avoid occupying the subsequent business with the previous tax exemption.2154 This rule was first adopted in 1843 in Bronson.