New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-10


and in 1895. 14G,3 1853 OJO francs! OF these vast
sums so PER cent s 20 90 to the holders Of 100000
shares each costing 800 francs! his ls, for each
wear respectively 1G per CEN. % per cent, and }9
per cent. besides 3 per cent interest before set
apart as working expenses. Ten per cent goes
tn the holders OF fi'tv founiers' sn'res ant per
cent ach TO ihe directors and brueGc'aT s.
Now about 'hese mysterious lnteresisi asAfu
bhe CO;reslnn lent.
"You visa to know about thcs' founders. dirc-
tors and b,lehcITrs wh0 are 90 rake III ~ Nn & ~
urr tV su,ns-n 1895, less than 23,S|l.o"o
francs, and on tact si!cCred'n" year sweeping III
eVrf-gruwing sum-l Il Ing myself IN The canal iine,
tt i NV h-iu,.ss 10 fud ont these ihHCs, but u't
saw TINS pAnpulrt now ulder discus non never
undcrs cod fIc pcsSlbe scrp o Article % ol rue
Nicareg C"nal c"nccss.'n i is too iaIe now low
To take advanfag" of Tins new kn"wlc ge. else, Ue-
Ing human $ "uld NJ DOUBT sei1e upon 1t.
ORIGIN or THE PANAMA CANAL COMPANY.
"Nnt long before the meeting OF the Paris Canal
Congress- II. De LoSseps. General Turr honorary
adc-de-camp to the King of Italy. III. Charles
Cousin Chief Inspector of the Northern Railways.
NJ Eugene Rlmppn, ex-Consul-Gener of Colombia
at Paris, Lieutenant WISE. "Ouain to L 'uis Ndpc-
leon aud VI. AnthOne de GogoIz.I entered IN
contract with themselves binding canal company
"1sn '3S% Si'
from Colombia winch was hus held to be the per
soual property O these persons named The society
these Gentlemen then formed was IN fact 10 become
the canal company. They agreed tO DIVIDE tnelr
interss in fifty shares called founders shares, aud
there to he ten beneficiary utelests. or Sl1y I'D
all. Ii Is not of moment 10 inquire how WNse oe
came the granite. of h. concession and the nomlnaI
recipient OF the So, 600 900 for the c"ncesson ihe
agreement was carr led out as intended. Inc nenc-
ficIares named were lurr. with two shares Tor MN,
self aud two dispose iGo9Orza with twO WISE ndd
two, and Two were reserved ior purpose KNOWN 70
the persons intrre,tcd. The contract made Iurr
pIeside ut but TO reHgn in favor OF DE l. 's+eps as
suou Us the PARIS Congress had 'urncd. Inc Con-
rress was 10 decide in favor OF Ia ANA whether or
~
guess wnat Uccame OF the two Beneficiary sDares
reserved.
II could tell you OF another specimen of con-
tract making. nus 1t Wa ARRANGED at thls meeting
Just what should be done with 20 per cent OF the
cauArs ne earnings 10 per cent to the s'xty iouhd.
ers shares cent 10 the dnect"Is aud UcT cent
to the Jeu, ,htares ten IN number. these penc-
f'Iarles ana directors arc also .Ouuders. ana the
painpuei YES us III these estimates wat the con-
iedeiates d.! for themselves The founders interest
in wIICn tLey share l. set down Tor 1850 iS
1881 700 iiaIIcs. tor 1895 nj ll.63j0OO TIncs.
lue directors and bcneHclarico III errats together
are qual To the iunderS. | do noi know bow many
Grec Ors th.Tc are. bur Tor 1870 me
cstimatr gives 10 each beneficiary 7.317.3Ol lrlhcH
In addltlon they ech sha'r, as d dr'ct"r' ana rs
founders. the two eTess. probably UclnS rlH ! 10
ihr above figured. Thus by ther mrtHod u
ilHnccr \ they "Iil ea'h receive TOT ~! -ic heh-
tficlary shar, the otter Intere-; III lncreaenS
yearly amount, wncl they est mate ~ sAE
800 OOu francs in 1895, and she amount -
10 grow lcarlY soil IN cohesive rado! shall
20 deeper INTO the tIu es IN tue wonderful paWph-
let or DO y"u hln. have gone far enough g'vc
IN America com itce iOuH Tor tuuu2dl IHctt J..
plenty more to rake up III tins lour-pascd wonder
DO You in,uh the AneriCan Blankets hnr" oi
these dong,f'
I3v 10 means. They not nlen to knowingly
lend themselves 10 such schrinc~.
" >rr there numerous paragraphs ID Tie
ptprr, arc there any that are s'clall' strAirgf
"Oh, YES one Little ttInZ iUi c1hInp'e. SHOWS now
the two sid"@ OF IT," Atiantlr are 81 di'G 80 the
same dls1. Mr. houpsOn tells IL al ~" GtrIi y
prndiur~s t. ae made III tins country tur ~uppi -
and machinery. quo" tir pa"p."i: 1t ls ctI'n-
la:ed that one bundled ana hly IhiiiI".N
ehaI be la;d on, in franec Tor TAenl4i"-:
etc. Ah. Hr IhnnipS"n. m IcA tear that
when l1O.ODpOoO OF th" GOO 900 oJo 'EAnos thr
ca, al - g." Isl have been >prnt Ia France. aid
-. zoe 900 cubic ya7i- II caIta and .tonr have
bceI rxcayli,d ~ e ditch 2Ou 4, 300 f"ct deep and
hauled sev al mir-. ana tie b'ii, nave br'r pad,
there ~lL bc ttti- lcf 10 r1pcnd III our iaIn1-"rd
and hungry ,0.n.fN."
" jhIuk you have @lven me whole history, r.
market tAr c,rr~-p".d~rt.
nrIr D, one lr.iurc OF tins matter thai Is very
patent. he mauur,t conL irucc "I nrsc ue1
tia, thcy VII have tho worlPs con-
u,rrce by the throat ani can demand 10 me
iar ;lrtuluS of tolls 10 To- squrr/cd "ut "I 7hi'-
,,vyncf- 70 e. r. the cuo:uoGs Ggaf"~ T. sc 'H"N
treat u~. II IS so" cdGiyln- ir'l" 90 'ue CHie',
State tna- Is to e0ntrI 'uje bali th~ 49, la
venue o. : 80 UbC.tru for fh" yer ls'J. 10"
farmers of .c lIoIAc r.Op ale Ia -"W ".tI, ana
h4i,r, In order t""f i.c W'n h',r N''''''' VINO
LOS bil.,iiu: upul IA" P4uaHI Canal Company
ma, ,Ap pitucrl, rec ill"s Il lndI - 'Hrh an
p.rlal taste. There no t~'nei' ci 'rHn.li'n o
exrcce,i 20 b" y per c".i.. 3 pr c~n ". > Ger
cont ler aruGni oar cuh-' .ise uA:r "'I; - 20
cr,., - "A. a." Tons "a fl uir 'rd.-. t!' f'-
dust, -. oar -rlt PAr'i -.Air-, aTe io - o. iIY-
irs y.ca' rates for cana Gnrs ". 90 're Z" f" u' -
We ,t, f,iI lu rVrr-iu. rcaslg iOlcy = ~ N.fr
"rernap, IT nay oc,uI to- ti'-r ol 'i' pee Pi' b."
doubt Tia, li-- = -.. tuiu. after aii, -" 1l'-
doctTuc. .0 t".a.H- - 40 H'h '''i' '.-
w.r,h !o kun ~i''r N t., rt"Ai =. 49,.
IL l. ny urfh!p1. "ue hr'" "'i .'t ''
canal lpr t.r rr.r.al interests - oar r"r.tf.'
wt. "a Iic .I".:~T I,-pv''- thr '..AI man