The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-28
THE FiFTIETs CONGRESS.
Bii1 Incorporating the Nfcaraguar
Canal Company Passes.


Canal Company Passes.
WASHINGTON, Feb. 27.--Tho Senate re-
sumed consideration Of the bill TO incor-
porate the Maritime Canal company, OF
Nicaragua. The several amendments re-
ported by the committee ON foreign rela-
tons were agreed TO.
Mr.. Edmunds offered an amendment
declaring that nothing in the act should
be deemed or construed 10 restrict or i'm
pair in any way any right OF the United
States under any treaty in force with the
republic OF Nicaragua. Agreed TO.
Mr.. Vest offered an amendment declar-
ing that nothing in the act should be held
or construed to involve in any manner the
United States in any pecuniary obligation
except as to the payment OF tolls. The
amendment was rejected-yeas 81, nays
%.
Mr.. Vest offered another amendment
providing that no part Of the capital stock
paid in shall be at any time Withdrawn or
returned 10 the stockholders or be in any
manner diverted from the proper uses OF
the corporation; and said that the same
was placed in the Tchunntcpec bill OF last
Congress, and also Of the Nicaragua bill,
on the motion OF tho senator from Ver-
mont.
Mr. Teller opposed the amendment, and
in the course OF his argument said that
when the Panama canal was first proposed
the administration should have declared
that no canal should bc opened across the
continent that the American government
did not control. Even late rs II was now,
the French government, II the Panama
canal should become national enterprise,
should bc notified that the American peo-
pie would not submit 10 II. lie referred
TO the encroachnents OF England in South
America and Central America, and said IL
there was anything which the American
people could do that would have tenden-
cy 10 give them some control OF these
transit interests il should be done. IL ID
could not be done directly BY the govern
ment IL was certainly inconsistent 10 throw
any obstacles in the way Of such an enter
prise.
Mr.. Hoar suggested 20 Mr.. Vest TO mod
ify his amendment by allowing stock TO be
returned to stockholders for the purpose Of
winding up the corporation, and Mr.. Vest
modified il accordingly.
Mr.. Vance called the attention OF Re.
publican senators 20 the fact that the bill
omitted 10 require all materials used In the
work 10 be of American manufacturc. and
he nrophesied. In n banloring tone. that
'these fellows would bny theiriron and steel
and other materials where yer they could ,,et
them cheapest and best" Wasn't that, Inc
asked, an evasion Of the duty which sena-
! tors owed 10 the Pennsylvania steel and
/ iron manufacturers Wasn't the end of
things pioh when Congress- would charter
n cornor,iion 10 act I'm FOREIGN narts. with
ncrnission 10 buy iron and sieci and other
materials from the British lion? lie made
these sucpestions in the character OF ami.
ems curise, and said thnt N Republican sen.
ators didn't net ON them. and n what he
nronhesied lid happen. htbcir blood be on
| thcir own heads % TIaushtoT.I
MIR Teller replied ihat M the managers
of ihe enterprise were untrammoled thew
wonjd buy their picks and shoycls and