Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-12-12
THE NICARAGUAN CANA
rHE HOUSE WARNS UP CONSIDER
IDLY ON THE SUBJECT.

EyidentIy u ueUerhnlhathOn TO Grant thu
Charter for the Proposed Canal
Amendment After Amendment Pro
posed, aud Most of Them Accepted
Hedging the Company i'm by Yer,
: strict Enactments-Not Likely to be !
stockiobbing scheme.
= WASHINGTON, December THE House
Committee On the Pacific roads decided to
press consideration of the Pacific railroad
mpdiug bill by the House AT us early a day
~ possible. 0uthwaite, chairman of the
committee, is confident OF the passage of the
bill by a good majority. If it can be brought
20 IA vote the work Of the committee is
practically completed. Several bills relat.
ing to the Pacific Railroads are before it.
but as there is no possibility OF their being
taken up by the House at this late date, it
is probable no action will be taken on them
by the committee.
1t was oedered that when the House ad.
iourn to-day it be till Monday.
The committee on appropriations re-
ported the invalid pensions appropriation
b to the committee OF the whole.
The committee on elections submitted a
report in the South Carolina contested
election case Of Smalls against Elliott. 1t
finds in favor OF Elliott. A minority reso-
luton provides for the seating OF Smalls.
The House went into n committee of the
whole ON the private calendar, the pending
business being the Senate bill to ineor-
pOlate
THE NICARAGUA CANAL COMPANY.
S~pinola, OF New York, offered an amend
ment striking out the clause which author
lied the company to exercise such powers
as nave been conferred upon it by the gov.
ernmGnt Of Nicaragua. Ii this Was to be a
stock jObbing affair, he said, the sooner it
was Known the better. No one knew what
the agreement between Nicaragua and the
company was.
CCT, OF New York, expressed ignorance of
the facts upon which his colleague had pre-
dicted his statement. This was no stock
jObbing affair. He urged the Importance
Of its passage, from a financial standpoint.
Farquhar, OF New York, declared it
would place in the hands OF the United
States the key OF the 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 a reso-
luton OF comfy and good will, the govern
ment had opened to he Americas south of
the United States, a highway costing $780,
100000, backed up by the sentiment OF
the Fiftieth Congress. [Applause].
Adams OF Illinois commended that the
clause which the amend proposed to
strike out dld not confer any dangerous
authority, and that il was necessary, in
order that the work should be successfully
~ucCOmplishe +.
MIR. SpinoIa said ali he desired in regard
to this bill was that it should be perfected.
He did not want TO lend himself to the
passage of Il bill which would one day rise
up and haunt Congress. 1t might make
this government financially responsible.
Reede OF Maine denied this.
McAdoo OF New Jersey, replying to a
suggestion thrown out by Holman that
icuding legislation might result in eatang-
ling the United States la foreign. complica-
lions, said the United States could not re-
mAiu indifferent to various foreign inter-
ests growing upon this continent. Ii any
canal was built under foreign patronage
the United States would find itself en-
tangled in its efforts TO protect ths Isthmus
against foreign influence.
Cobb moved to amend Holman's
amendment by adding to it the following:
And this provision shull be prin'r I'd OF
every bond, contract, certificate OF STOCK
or other obligation Issued by the SAIL coin-
pany."
AMENDIN THE MEASURE.
After considerable Gc1ate, Spinola's
amendment was rejected.
H.lm4r offored tisefnilowingauendnent:
"Pruyldu that nothing in this act shall
be construed 50 as to commit the United
States to any liability whatever for or on
.,,.A - .pSl nnn nhn1 tho
United S ates be held in any wise liable or
responsible in any form or by any implica.
ton for any debt or liability which said
COmpan may incur, nor be held as guar
~antering an engagement or contract OF SAID
company, or assume an responsibilities
for the acts or proceedings OF said company
in any foreign country, on contracts or en-
gugeu1ents entered into III the United
States"
The amendment was adopted, aud Hol-
mans amendment SO amended, was agreed
to.
Bland offered the following amendment,
which was adopted:
provided that Congress reserves the
right to alter, amend or repeal this act,
and to
REGULATE TOLLS OR TARIFF RATES
for the transportation OF persons or prop
erty by the or its assigns,
On motion of Maish, Pennsylvania, an
amendment Was adopted requiring the con.
structiun OF the canal to be begun within
three years. An amendment requiring the
canal to be completed within ten years was
voted down.
On motion OF Wilson, Minnesota, an
amendment was adopted providing thaGno
certificates of stock shalt be issued until at
least 10 DeI cent OF the sum shall be July
paid for in money at the pal value OF the
stock, and the money deposited in the
treasury of the company. NO paymentoh
account Of the capital CT the company
shat be made except in money, ana 1he
company is prohibited from returning or
repaying any part OF the money so palu..
No bonds in excess OF the amount OF Gapi-
tai D tid in shall he authorized or shal DC
paid in until the capital shall amount TO
So, OOO, 900. No part OF the capltal sIoch
paid III shall at any time be returned 10
stockholders or diverted from tEe uses ol
corporation. Violation OF any tGese pro
Visions il punishable by a line OF %Io,ooo
aud i~murisonment for i've years.
Stockdale, of Mississippi, ofiered. an
. amendment pro ~idiDg that the con0esslois
OF the Nicaraguan government shail mo- ne
changed nor shall the company releass -
Government of Nicaragua from any oi Clt
concessions without the consent VI um'
United States, and a OF 1nls pr
vision shall operate as iorleltlhg Il 'i"n
chlsc Of the company.
Pending a vote the ID Looo an
the House took a recess, evening se1o'on "
he for consideration OF private pen'o'
bill.