The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-08
DOINGS In THE HOUSE.
Committee Of the Whole on
the Private Calendar.
NICARAGUA CANAL QUESTION
A General Discussion Amendments
Offered Making the Company
Adhere Strictly to Business.
HOUSE.

WASHINGTON, December Tt was
ordered when the House adjourned to-
day that it be till Monday.
The committee of the whole commit
tee on elections submitted its report in
the South Carolina contested election
case OF Smalls against Elliot. Calendar.
1t finds in favor of Elliot. The minority
resolution provides for the seating Of
Smalls.
The House went into committee of
the whole on the private calendar, the
! pending business being the Senate bill
to incorporate the Nicaragua Canal
Company.
Spinala, of New York. offered an
amendment striking out the clause
which authorized the company to
exercise such powers as had been con-
ferred upon it by the government of
Nicaragua. If this was to be stock
jobbing affair. he said, the sooner it
was known the better. No one knew
what the agreement between Nicaragua
and the company was.
Cox, of New York, expressed his .lg-
norance of the facts upon which his
colleague predicated his statement, that
this
WAS A STOCK JoBBING AFFAIR."
He urged it's passage from d CONNER
cial standpoint.
Farquhar, of New York, declared it
would place in the hands of the United
States the key of South American and
Indian trade. Let the United States
show to the congress of the three
Americas, which would soon meet in
this city, that, instead of the empty
phraseology of the resolution OF good
will, the government had opened to the
two Americas south of the United
States a highway costing $l0G ,000, 900,
backed up by the sentiment of the
Fiftieth Congress (applause).
Adams, of Illinois, contended the
clause which the amendment proposed
to strike out did not
CONFER ANY DANGEROUS AUTHORITY
and that it was necessary, in order
that the work should be successfully ac-
complished.
Mr.. Spinola said ell he desiredjn re-
gard to this bill was that it should be
perfected. He did not want to lend
himself to the passage of bill which
would one day rise up and haunt Con-
gress; it might make this government
financially responsible.
Reed. of Maine, denied this.
Holman offered the following amend
ment: Provided, That nothing in
this act shall be so construed as 20 COM
NIT the United States to any liability,
whatever, for and on account OF said
company; nor shall the United States
BE HELD IN ANYwIsE LIABLE
or responsible in form, or by implica :
tion, for any debt or liability which
said company may incur, nor be held
as guaranteeing any engagement or
contract of said company, or as having
assumed any responsibility for the acts
or proceedings of said company in any
foreign country, or contr acts or engage
ments entered into in the United States.
McAdoo, of New Jersey, replying to
the suggestion thrown out by Holman,
that the pending legislation might re-
suit in the entangling of the United
States in foreign complications, said
the United States could not remain in
different.
| TO THE TREMENDOUS FOREIGN INTERESTS
growing up on this continent If any
canal was buiItunder foreign patron age
the United States would find itself en-
ugled in its efforts to protect the
Isthmus against foreign influence.
Cobb moved to amend Holden g
| amendment by adding to it the follow
ing: "And this proviso shall be printed
on every bond, contract, cersi6c to Ct
stock or other obligation issued by said
company" The amendment was
adopted, and Holman's amendment so
agreed to.
Bland offered the following amend
ment which was adopted: Provided,
that Congress reserves the right to
alter, amend or repeal this act, and
TO REGULATE THE TOLLS Or TARIFF
rates for transportation of persons or
party by the company or its assigns.
On motion of Marsh, of Pennsyl-
vania, the amendment was adopted re-
curing the construction of the canal
to be begun within three years.
An amendment requiring the canal
to be completed within ten years was
| VOCeQ OOWus
On motion Wilson, of Minnesota, an
amendment was adopted providing that
no certificates of stock shall be issued
till at least 10 per cent. of the sum
shall be paid for in money at the par
value of the stock, and the money de-
posted in the treasury of the company.
No payment on account of the capital
of the company shall be paid except in
money, and the company is prohibited
from returning or repaying any part of
the money so paid. No bonds in ex-
cess of the amendment of the capital
paid in shall be authorized until such
capital shall amount to $500,D00.
NO PART OF THE CAPITAL STOCK
paid in shall at any time be returned to
the stockholders and diverted from the
proper uses of the corporation. Any
violation of any of theseefuIes is pun
ishable by fine OF $4,000 and impris
onment for five years.
Stockdale, of Mississippi, offered an
amendment providing that the conces-
slons of the Nicaraguan government