New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-25
REASSURED BY THE PANAMA DIRECTORS.
PANAMA RECEIVES WORD THAT THE CANAL

WILL BE VIGOROUSLY PRosEcCTED.
Panama, Dec. I5.-with regard to the financial
conditions and prospects of the Panama Cahal en-
tcrprise, the past week has been full OF intense
interest and deep anxiety. The crlsls hrough "hloh
the company's affairs were passing In Paris nat
urally affected the conditions of trade here, that
has come to be largely dependent on the Canai
Company. The principal means OF remtting money
has long been by canal drafts, and in the present
crisis confidence was badly shaken that merchants
would not purchase at any figure.
The anticipation OF evil was however removed
today by the arrival Of definite nows from Paris
of rcassurfng character. This was in the form OF
telegram from NJ de Lesseps to the DrectoIGeneral
here In which he stated that after having deposited
| with the Government bill to authorize the pro
visonal suspension of the coupons, shares and oonds
in accord with the Administrative Council, and
In order to prevent any interruption OF the WORK,
ne had procured from the President of the Tribunal
OF Paris the appointment Of provisional managers
10 control the company and thus assure the pros
ecutlon Of the work These provisional managers
were Messrs. Denormandie, a Senator and formerly
a director of the Bank of France Baudeot, formerly
president of the Chamber of Commerce, and Hue
| formerly manager of the Seine Tribunal, and with
! these gentlemen NJ de Lesseps proposes to realize
such combination Will insure the continuous
| progress of the work Following this announcement
| of De Lesseps the telegram from inc now
managers to the Director General:
We confirm the dispatch of Count dc Lesseps and
time we are adopting all the measures which are
necessary In order to insure me conuhua'on Vi clo
work by calling Oh all i0f "'''''15E 1DENoRMAND1E.
BAUDELOT
HUE
This intelligence was published far and wide
throughout Panama and had the effect Of at once
quietng all anxiety and restoring perfect conndGnce
among the mercantile eomu mum ba No tbe measures
above indicated will clear away all the nhanclaI
OF @ work ' and of which 50 much capital has been
made by the enemies Of the enterprise
London, Dec. ga dispatch to " The News from from
beIs that the American Committee of tho Panama
Canal Company has offered to refund to the auidatos
of commissions received from the company. This
would keep the works ng for fortnight or three
other similar offers are forthcoming. the company
might be Kept afoat for some time even the iotery
loan proves an absolute failure
PERU REJECTS THE BoNDHcLDERs' TERMS
Panama Deo 15.-The latest intelligence from
Peru in so far 1t affects the contract with the
bondholders is of most unexpected and EXTRAORDINARY
nature The contract has simply b'en returned oy
the Chamber Of Deputies without ono word OF obser-
walton and by vote so TO 80. II was known,
of course that certain degree of opposition evidently
inspired by Chilli existed TO the contract in the lower
house but IL was never anticipated that measure
of such importance to the nation would be disposed OF
so summarily. An additional protocol signed by lord
Dopouchmorc and the Minister OF the Treasury, ap-
pears TO havo had much TO DO with the reaching Of
tbs decision In that document IL agreed that
even should the contract be approved, II would not
co into force until such time the bondholders might
haye Induced Chill TO Withdraw her new objections
t. the ratification OF the measuIc
One of the results OF this action has been the resg
nation of the Ministry. the members alleging that rs
the arrangement OF the country's powerful Debt was
tic base Of their political programme they could no
longer be Of 10 the President Tho resienaiiOns
however. had not been accepted up 10 latest advces
A NEW APPOINTMENT FOR HENRY A. BLAKE
London Dec. 24.-lIenry A. Blake, whose appoint
ment as Governor OF Queensland was opposed by the
people Of that country. has been appointed Governor
Of jamaica
| AN AMERICAN CHECKER-P PLAYER IN LONDON.
London, Dec. ga series OF checker games be
tween Mr. Barker. the American player, and Mr..
Smith was begun to-day. Two games played,
both Of which resulted in draws
THE ALL AMERICAS WIN IN MELBOURNE
Melbourne, Dec. "a The baseball gamo here to-day
resulted In fovor o the All America team. The score
was Al America 10. Chicago IL
NEW DEVELOPMENTS IN a FAMOUS CASE.
Montreal, Que, Dec. Pain the famous case OF sir
Gsorqe Stephen against Bradley Barlow In which over
q million dollars worth Of bonds Is involved, the