, 1891-03-04

said committee be directed to procure, if
practicable, copies of all contracts between
such canal company, and such construction
company, with the list of the officers and
the stockholders of such construction COM
pany from its organisation until now.
Members of the Committee on Foreign Re-
lations say that if Mr.. Wolcott had taken
the trouble to examinethe report submitted
by the Committee aboutthree weeks ago, land
to MAKE himself familiar with the contents of
the testimony and other statements which
accompanied the report, be would have
been aware ofall the facts asked for in his
resolution. The members of the committee
who were on the floor of the Senate at the
time the resolution was introduced saw no
objection to it and allowed it to be adopt
ed without opposition.
The committee it will be remembered,
made a unanimous report, signed ~ all its
memberS-ive Republicans, MesSrs. Sher-
man, Edmunds, Frye, Evarts and Dolph,
and four Democrats, Messrs. Morgan, Brown.
Payne and Eustis- declaring that the COM
mittee had e%xhaustively pursued the order
OF the Senate OF last AIril, to inquire as to-
what steps had been taken under the act
OF congress incorporating the Maritime
Canal Company of Nicaraugua; what were
the conditions and prospects of the enter
prise, and what, in it's opinion, the interest
of the United States might require in re-
spect to that means of inter-Oceanic COM
municatiOn. 1t was upon this inveStiga--
ton that the committee brought in the
pending bill proposing to amend the incor-
p~oratiug act OF the Maritime Canal Com
pany of Nicaragua and providing that the
United States guarantee the payment Of the
cOmpany's bonds 10 the amount Of
100000 900.
The president Of the Maritime Cana Com
pany Of Nicaragua is Hiram Hitchcock, of
New York City. A meeting of the incol-
p%orators, under the act Of congress approx
ed February 20, 1889, was held in New York
City OH March 7, 1885,, when MeSsrs. Hiram
Hitchcock, Horace l.. HotchkisS, Francis
A. Stout, K. a. Lancaster and A.C. Cheney,
were chosen TO open books of subscription
TO the capital stock OF the company and to
receive subscriptions for the same. At a
meeting on May 2 of that year the stock
holders elected the following board of ff-
teen directors Charles P. Daily, Frederick
Billings, Daniel Ammen, Horace L.. Hotch.
kiss and Joseph Il. Mcdonald 10 serve three
years Francis A. Stout, Alfred b. Darling,
Franklin Fairbanks, G. Ridgely Goodwin
and Alexander T.. Mason to serve two
years and Joseph Bryan, James Roose-
welt, Hiram Hitchcock, HOrati0 Guzmdn,
Pedro Perez Zeledon, to serve one year.
II lH"JOllJ Vi lHNSC ulitClOIS are CllIEtuS
and residents of the United States. The
directors, two days a%tterward, elected
Hiram Hitchcock president: Charles p.
DAILY vice-president, and Thomas B. Atkins,
secretary aud treasurer. The only change
III the board of directors since that time
was caused by the retirement of Nh. Zele-,
don, of Costa Rica, and the election of
Thomas B.. Atkins in his place.
The report of the Senate Committee OH
Foreign Relations contains a list of the
present stockholders and the number of
shares standing to their credit also AZ
statement OF the outstanding obligations
of the company, and also the arrangement
and contract between the Maritime Canal
Company of Nicaragua and the Nicaragua
Canal Construction Company. Ex-Sena-
tor Warner Miller, of New-York, is the
president of the Nicaragua Canal Con-
struction Company, a company organized
under the laws of Colorado and this con-
structiOn company has contracted with the
Maritime Canal Company to build the canal.
The construction company raised the
money which has so far been expended
upon he canal. Somebody should send
Mr.. WOlcott a copy of this report.
The Colorado Senator was probably sti.
INFLATED to offer his resolution by the
speech delivered earlier in the day by Mr..
Morgan, of Alabama, in support of the
views of the committee. Mr.. Morgan, for