Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-01-17
DAILY Post. INTtLLIGtNctR
ps lRssgp. AsD TmE cas.L-


commences in 1871. and upio Nay !,
1886. only 12376n5o cubic nsi'rs Of
earth bad been .Hcassted. Wien !; -
remembered ihs, At the lOssst ssiias ate
m IRE than 100000 -aoic inter. re-
main 10 be excaystsd, that TIE mos, esi
hcult part ~ the uork il not YET begun,
and that the Papsna Csnsl Company
10 90 the verge Of bankruptcy, one can
no. bot wonder a. the haFdihoDd OF u
do I,sssus ia asserting thai the S0rs
will be conpIe,sd 10 less than tire
years. The tiBr ~, for the cgmpl@'Ioo
Of toe oaaai is the sams A. ths; sei
four years ago. namely, she latter part
of 1888. Yet The amsuut ~ work ACCOM-
p'isb.d 10 Isss than ons ffth Of The wors
which i. xss srpsetsd woald be don~
when 1898 zas 6rs, selected for the Ie-r
iu which the canal would BE- computed
The real engineering dIfh have
not vet been met, bu. leaving them out
OF consideration, 10 the Uork should be
prosecuted for tbs n Il three years With
t.ice the TiRor that IL has been prose
ou,sd Ia the las, three, the esnal, instead
of being completed on January ]. lso9,
v1uid 20 scarcely one bali somPlsted.
Tae work. however, cannot be prose
Gated With a viRor eq1l to thst With
vlioh il has bsen prosecuted. The
fand. are lacking. The Panama Canal
C,mpsay has bsen from it, inception a
colossal swindls. designed 20 rob the
F.euoh people, dssiRo Shlsh has bssn
singularly successful. The corporation
vas founded on deception and lying,
aud on deception and lying Is has been
90 10 .rtsd. VII IN its history IL fully
knozn u will b, boxed upDn as the
boldsst aud mot gigantIo sslndls 10 all
history. Strangely enoa2h. however,
the French peoyle nos refuse to ad
vance any more money. after having
bsen svindied out Of tho sun OF 5i5,
10000 francs. rhs tfJrts OF the con-
psny to raise another loan OF 600 10000
francs aavs been totally unav4ilinz aud
tbs varioas dsvtsss waicl havs b ,eu re-
sorted to have only 70 tde more plain
the fact taa. tss French people cannot
be relied upon TO thros another franc
inso d, l. s,sp,' uno Jmplsted ditch.
Toe financial and commercial condition
Of Ftanys Is not such that her pc pie
couid adv moe t.s IN )5ey n they would.
B.akrupsoy stsres the oomp,ny IN the
face, yet De Lssseps asserts that in
three ye.rs the work sIil be comp istsd.
Tnis assertion, tOgssaer with the ac-
comp lnying statement that Dele seps
10 aboas 90 leave Tor Panama, where Le
will rem iin for tso weeks. Is 10 k -epibg
With the Misrepresentation that hs,
marked the manage nrnt Of this DOM
pany from the day It was organ zsd.
DsL ,sssps has simply made his great
nams aud tbs oonhisnce which the
French people re.o4e IN him ths msans
OF ssindllng them. No engineer On
connected with the company uld
stake his reputation on the assertion
thst, With an unlimited supply Of
money, the work could be completed 10
ten years. mush less Ia tnree. De Les
seps' trip to Panama IL IN keeping With
the theatrical posing which be hss
found - successful in attracting fr sBc-
from the French pocket. He will re
main two Wet KS Ia Panama, and on his
return will give glowing aocosnt OF
the progress OF the work. He hopes ia
this manner 90 continue the delusiun of
the people of France. He hopes that
at his word they will Sgtin pour n
golden stream into the coolers of the
company. His two weeks inspection
VII. OF course, be thorough QUE 10
the space OF fourteen days he will be
able to report upon the progress of a
work which Can scarcely be seen. much
less examined ia the mos. oursory IN an
ner In that time. |. Is not improbable
shat h,s report IL already written, aud
Oh II be will carry It IN ale pocket a. he
a,es TO Panama. he certainly know,
precisely what be will say on his return.
Bat wlll this shallow saoierfugs again
dslude the French peopleS There are
Indications that II will not-that they
cannot ard will not permit this fearful
drain upon their resusrces TO continue
la that case the French Government
will be placed in q most embarrassing
dilemms. The question presented for
its ISOLATION will be, "wlll the Govern
msnt nov take hold Of the work aud
pash 10 30 completion. or will IL refuse
% render the company The assistance
which {. mast havsr II the latter
alternative ~ chosen. the oom psuy a..
collapse, and its collapse ~ill he tol
iss~d by . nnsnei>l crisis which will
shAke the foundations OF French 30
sssty 10 the very center. 10 France the
Conditions are ripe for q feaIfai panic
aad the failure of the Pansma canal
Company wili surely pseclpltate II. IL
the oassa whlcn would easee 10 would
be almost mlraoaloas II the French
0ovsrnmeai. already to.Ieriae, did not
so d 40 n rretsIsvAols ru,n. 10 u IL
destruction that stares the q lvernmsn,
10 TIE fsee n Il refuses 20 complete tie
work undertaken BY the company.
Tue cons, aeases II 10 chooses the
other alternative and undertake. t.
scmp,sse the canal oil b. ssfesly less
disastrous. Sass n course oil in VII
ably brina France into soe6,cs si,h the
Uaited States. THIS Government can
ne more sliow France to obtain esn.rol
OF the lsssmas Of Pan.saa than /, could
sliov Great Britain 10 sens Long
Island. Az ssOa A. the Panama canal
becomes ferneh Government work
the Government Of the uuited States
vill be compelisd 10 assert tie Msate.
Doctrine aud to resist BY ali IA. mean.
In tie power the as,snp, Of France 30
obtain . footing on our eontinen,
There eoald be only Que eni t. saea q