New-York tribune., 1891-02-07
THE NICARAGUA CANAL SCHEME.
SENATOR woLCoTT EXHIBITS a TENDENCY TO
OPPOSE THE WORK.

OPPOSE THE WORK.
washington. Feb 6 (speciaD.--The first hostile move
N cmbarrass the passage by the senate oi the bi'
uraninonsly reported by the Committee on Foreign
po,a.ions nroviding for the amendment OF the act
incorporating the Nicaragua Canal Company, 50 as 10
give the United States virtual control OF tst vast
undertaking. was made today by MI "oicO''' Vi
ColoraAo in the introduction Of the following resou
ton , ,,,..,o.
Resolved, That the Committee on Foreign relations
hc directed to request of the Maritime CdHal COMPANY
of Nicaragua list of the Soc IodeIs OF te cVpaE Az
from its organization and tlat Sald cciieuc c o. oo J &
dlrected 10 ascertain If practicable, whether the WORK
in and about the Nicaragua Canal has becn done w &
company and If said work has been done Dy t.e con' @
struction company, said commItee De duod 20 PlU
cure IL practicable, copies OF an oontfacs Dc,mCpn
snch canal company and such constructor c3apdS
with the list OF the officers ana te soorhqlueIs t , Ti
suc construction company from us ofs1A%dVo" ui'il
now. .,- -
Members OF the Committee on Foreign Relations say
that ~ Mr. Wolcott lad taken The trouble TO examine
the report submitted by the committee about liree
coes ago and 10 make himself familiar with the con
,.,ts of the testimony and other statements which
occou,nanied the report, lie would have been aware
~ ALL the facts asked for In his TeSOIutOh' Inc
members OF the committee who were on the noor Oh
the senate at the time the resolution was lhtr'ouced
saw no objection TO it and allowed 1t to be ahop'eu
without opposition.
unanimous report signed by all It's members-iivo
Rcnublcans Messrs. sherman. Edmunds. Frye, Evaits
and DoIph and four Democrats, MessIS Morgan
Crown Pavne and Eustis-declarlng that the commit
tee had exlaustvely pursued the order OF the senate
of las, April TO inquire as to what steps had been
taken under the act Of Congress Incorporating the
Maritime Canal Company OF Ncaraugua what were
.ho conditions and prospects of the enterprise, and
what in its opinion, the interest OF the United States
might require in respect to that means OF inter
oceanic communication. IL was upon this nvestiga-
ton that the committee brought in the pending bill
proposing to amend the Incorporating act OF the
Maritime Canal Company OF Nicaragua and providing
that the United States guarantee the payment OF the
company's bonds 10 the amount Of $lOO,OOOOOO.
The president Of the Maritime Canal Company OF
Nicaragua Is Hiram Hitchcock, of New York City. A
meeting Of the ncoporatO under the act Of Congress
approved February 20, 1889, was held in New York
City on March T. 1882 when Messrs. Hiram Hitchcock,
Horace L. IOtchiss. Francis A. stout Il. A. Lancaster
and A. c. Cheney chosen to open books Of sub
scripti0n TO the capital stock of the company and to
receive subscriptions for the Same. AT meeting on
MAY OF that year the stockholders elected the follow
ing board OF fifteen directors Charles p. DAILY, Fred
erick Billings Daniel Ammen, Horace L. Iotchkiss
and Joseph L. Mcdonald TO serve three years; Francis
A. Stout, Alfred B. Darling Franklin Fairbanks,
c. Ridgely Goodwin and Alexander T. Mason 10 serve
two years and Joseph Bryan James Roosevelt Hiram
Hitchcock, IOratio Guzman, Pedro Perez Zeedon, 30
year. majority of these directors arc
citizens and residents of the United States The direc
tors, two days afterward, elected Hiram Hitchcock
president Charles p DAILY, vice president. ard Thomas
b. Atkins, secretary and treasurer. The only change
In the board Of directors since that time caused by
the retirement Of Mr.. ZcedOn, Of Costa Rca and the
election ot Thomas Is. Atkins In his place.
The report Of the senate Committee on Foreign
Relations contains list Of the present stockholders
and the number OF shares standing 10 their credit;
also statement Of the outstanding obligations OF the
company, and also the arrangement and contract
ne xye. hallt time nf
and the Nicaragua Canal Construction Company. Ex-
Senator Warner Miller of New YORK. is the president
Of the Nicaragua Canal Construction Ompany, u com
pany organized under the laws cf Colorado and this
construction company has contracted with the MARI