The advocate and Topeka tribune., 1892-10-12
CONTINUED from page 81
q mlll lnrralV lncraAAA.

high seas Will largely Increase.
The COMMITTEES says that great trans
Atlantic powers are looking with 'cOvet
GUS eyes toward the Nicaragua project
and that foreign governments would very
Cheerfully and eagerly embrace an op'
portunity to take advantage OF the enter
prise with unlimited capital and prompt
energy, but it conceiVes it to be the pa
trlotic and political privilege OF the
United States to complete the canal. The
commercial and naval supremacy OF the
nation which might secure control OF the
canal demands Imperatlvely that it's con-
troll should not pass away from the peO-
ple of the United States. 1t is made
plain that two fleets would be required
to block an American fleet in Nicaragua
where one would benecessary elsewhere
As foothold from which to attack OF
defend, to threaten or protect all the
coasts, islands and adjacent seas it is q
more commanding power than Gibraltar
Among the beneficial results fOreseen
are a more practical drawing together OF
the remote parts of the vast domain OF the
world and a fiFmer cohesion ot the
widely separated sections of the United
States, added to a stronger feeling OF
neighb0rhood and community between
the Atlantic and Pacific seaboards. The
contamination of the work, whose feast
bility has already been demonstrated, is
asserted to be of far greater Importance
to the western hemisphere than the Suez
canal Is to the eastern. IL Is said that no
precedent can be cited upon which to
predict the future OF American commerce
when the gateway OF the Inter- Oceanic
canal across Nicaragua shall be open to
1t.
All surveys and examination Of strata
requiring removal have been completed.
The ietty has been constructed and the
hsrbor of Greytown has been restored so
that vessels Of fourteen feet draft have an
easy entrance. Extensive wharves, land
ing places and permanent buildings have
been constructed, temporary camps
erected, telegraph line made, the canal
cleared of timber for twenty miles, and a
railroad twelve miles In length con-
structed and equipped. The biggest
dredging plant in America, that formerly
used at Panama, has been purchased, and
over a mile of the canal has been dredged.
The exclusive franchise for the steam
navigation of the San Juan river and
Lake Nicaragua, and an extensive plant
for the navigation company have been
ACQUIRED. The government of Nicaragua
has acknowledged that the company has
complied with tha canal grant, which
provided that $20O0,0O0 must be ex-
pended the first year. It ls shown that
the amount OF money spant to date on
the entarprise Is over $6,000,000 The
enterprise 10 endorsed by the leading
business man nf the country, and that it
will be judiclously and economically
managed is assured by the character OF
the board of directors. who, by the char
ter of the company, are accountable TO
the government of the United States.
The ~secretary Of the interior has the
power TO make public all the details OF
the corporate management, thus pro-
tectiDg the investor against miSuSeot his
money.
The Suez canal, It is shown, saves only
$500 miles around the cape OF Good Hope
IA against over 10000 miles saved by the
Nicaragua canal; and the following table
shows the number OF ships passing
through, the net tonnage and the gross
receipts Of the Suez canal for six separate
years:
NO NET GROSS REC'Ts.
YEAR. SHIPS, TONNAGE. (FRANCs.)
1870 -. ass 436,6OO 4.345 768
1S75 - 1494 2O09,984 26 $50
1880. 2.O26 3O57 42l 36,492,62O
isS5 ' 1924 6335 752 6O,O57 $50
1s9O ~ 1889 6S53,637 $685., 800
1891 .... 4,2O6 8699,02O S3,421 ,5N