New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-01

1881 ia "a 900 900 francs; its expenditure. incnd
ing the English debt, amounts to 62OOO,OOo francs
penny Of the interest on the different Colombian
loans for great length Of time, and to cover tne-
selves they recently seized the percentage paln py
the Panama Railroad to the Republic. A dlpio-
matte intervention on the part of the English Gov
eminent might have eDsued had not the Amerlcans
ever faithful to the Monroe doctrine-suddenly
subscribed to Colombian loan, which enaoleu
Colombia to pay up its arrears of interest on the
English loan out of its own budget for 1t was slip,
uiated that the interest the American loan should
Panama Ps Railroad paSs G TO the Cow
eminent. But this security will he dc.
stroyed or absorbed by the CONSERVATION 81
will not be finished for twelve years at the very
least Will the canal company be able to discharge
the obligations of the railroad wE!chit MI, MIL pe
obliged TO purchase at an enormous pIlcel WIZ ~
burden itself with the payment of the interest on
the American loan for twenty-five years-the time
stipulated in the treaty.
he hides them away from the public and pushes the
subscriptions TO his loan knowing that at the OPEN
ing Of Congress at Washington Mr. Garneid VIII VII
publicly declare that the United States repudlatoS
every interOceanc canal scheme except THAT OF NC
aragua. Ii that fact were known the day before
those 3O0O00.OOO francs were subscribed "a ue
Lesseps would find the brilliant hope OF dividing
the spoils held in view by section 10 oil me Canai
Concession fading away before his eyes, ms sec.
ton authorizes the company TO reserve 10 per cent
of the shares il issues for the benefit of the found
ers and promoters of the scheme. Consequently
10000, 600 to be divided!
The following is taken from lie Mercare. Par
isan financial journal, of December l. 1880:
Nobody is ignorant of the fact that the Govern
ment has encOun tered much difficulty In obtaining
the necessary funds for the completion OF our rail-,
road system. Those men, however, who above all
the execution of this task. are thinking Of nothing
else at present than to induce their countrymen py
all poss ble means. to bring to the companies OF
which they are the directors the of 300 OOOOOO
freDcs-tbs for the benefit of NJ lie Lesseps and his
canal project Such things are sad 10 relate but We
must do our duty in the premises. Inc e'ght large
banking houses whose names are gwen oel0w, ana
in whose Directoria Boards we find the leaders OF
the financial world, well several Deputies and
| Senators, are awaiting the coming OF December y
with feverish impatience. On this day they expect
to contemplate the millions and the millions which
will have been handed in by idiots who still place
| their reliance III such men as D0nOn SOubeyran,
! Dervieux, De Lesseps. Oeniere and German. The
banks in question are the ionow owing. La La
| La BanQue Pescompte dc Paris, La SOcleto inan-
| ciere de Paris LIE Compton fEscompie. La Socete
generate pour develOppemept de pindnslrie ct dn
commerce ell France La Banuue dc Paris ct des
Pays-B Bias, LIE Credit Lvonuals.
Are we aisO to continue seeing such great political
journals as the Figaro and the thtlF COL
| cling salesman III canal shares VINO ias never
studied seriously and of whom ali who were present
at the siege of Rome have very unsay0ry reInem.
| brancei Why should not say ltY Some OF
| these papers may have become closely luentlhed
with the whole enterprise. But even II II be 80.
| they should have no scruples now Ill throwing IL
and its promoters "Overbuard." In conclusion we
may congratulate the present president OF the
| Credit Foncer of France that he has escaped the
snare which was also laid for him.
| As for this grand farce of "raislng the wind
presented with many scenic effects by the De Les
| seps Company, intelligent Americans residing here
| take it for granted that their cOunirymen at home
| will not be thrown from their equilibrium by all
this flourish of trumpets on both sides OF the water
| I am sorry for the persons who may allow them
| selves to be mlsed; and doubtless many hard
| earned and saved twenty-five francs, attracted
| from the pockets of persons of limited means
| by the smaness of the fist pay
ment. will be swallowed NJ. WLere is TIE
per cent interest to come from before the canal IS
| maicf Doubtless ont of the pockets of the silly
| stockholders the privileged" ones. | am
| happy to say that although numerous banks here.
allured by the prospect OF gam. have lent them
selves to the scheme, some men OF nigh standing,
like NJ Christohe the directors of the Credit FOn-
! clern and the Rothschilds, refuse to allow THEN
| counters to be used for such hy-irap. | am sur
| prised that some American bankers OF excellent
| standing have allowed themselves to be paradod in
the papers as ready to receive SUBSCRIPTIONS. 1t is
| no wonder that some men OF small callbre have
| Welded to the allurement; for among the attrac-
| lions ON the play-bills OF this comedy, which may
some day end unhappy for the chief actors, Is the
| offer of q silver medal Warranted to be worth .
francs) to every individual TO whom five shares OF
/ stock shall be assigned