Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1892-11-18

traction over 81 ,OO0,OO0 The annual
net revenues of the company for a
series of years have been upwards of
$12 1000 annually, and for the pres
ent year are estimated at $15, 900, 600.
Interest on the obligations and divi-
dends on the stock of the company
are regularly paid, and the quotation
for the 500 franc shares, par value, Of
the Suez Company on the Paris Bourse
is $3.50 francs. The dividend paid
on the shares last year was over twenty
per cent. on their par value and the
shares of the Suez Canal held by the
English Government and purchased
for "a 100000 are worth to-day accord
ing to the last report Of the Chancellor
OF the Exchequer over 919,00O,Q00 in
the open market.
Careful estimates show that the
tonnage now existing which is tribu-
tary to the Nicaragua Canal and
which would pass through after its
opening is little more than 6,0OO,-
600 OF tons per annum. The, income
of ~ per ton, which is the charge
now made by the Suez Canal, would
amount to $l2,OOO,O0O annually.
There can be no doubt that within
five years of the opening of the canal
the tonnage would be nearer 10000
900 than 100000 tons.
The cost of maintenance, operation,
etc, can safely be placed at an amount
not to exceed $lOOOOOO. Thus an
annual traffic of 100000 tons will
show a net income OF $11 900, 900.
CONCLUSION.
But the sweep OF our vision includes
broader, more comprehensive and
patriotic view. With this great work
completed, the minds eye quickly sees
the immense fleets of the exchanging
commerce Of Europe and Asia, of Aus
tralia, the East Indies and the Sand
wich Islands of the republics on the
eastern and western shores of North
and South America moving in one
mighty procession through this elec-
trically illumined gateway to all the
seas Of the earth.
We foresee among the beneficial re-
suits OF this work a more practical
drawing together of the remote parts
OF our vast domain, firmer welding
and cohesion of the widely separated
sections of our country; a stronger
feeling of neighborhood and commun-
ity between our Atlantic and Pacific
seaboards, more active and vital
sense of union than we have heretofore
experienced.
We realize that through the achieve
ment Of this work the naval arm OF
this government will be strengthened
and rendered doubly available; that
the hazards of our unprotected sea-
boards will be reduced, and that temp.
tations to presumption and aggression
will be taken away from nations whose
interests and ambitions are from year
to year brought more and more in
conflict with our own.
In the use of this channel by the
ships of all nations we foresee en-.
HANGED facilities to general trade, a
reader and more economical and con.
sequently greater exchange OF COM
modities; a closer and stronger net
work of common interests; binding
together the peoples of alien govern
ments, rendering peace more indispen-
sable and war more obnoxious.
The feasibility of the canal is demon
strated. Its cousummation is inevi.
table, for its necessity is present and
imperative and our age is not one OF
indecision. 1t will be the most endur.
ing monument to the civilization OF
the age, the crowning public work OF
the century, and of far greater import
ance to the western hemisphere than
the Suez canal is to the eastern.
We cannot bid farewell to our sub
ject in more fitting words than those
OF General U. s. Grant, when in 1881
he said: "In accordance with the
early and latter policy of the govern
ment, in obedience to the often ex-
expressed will of the American people,
with due regard to our national dignity
and power, with a watchful care for
the safety and prosperity OF our inter
ests and industries of this continent,
and with determination to guard
against even the first approach of rival
powers, whether friendly or hostile, on
these shores, commend an American
canal, on American soil, to the Ameri-
can people, and congratulate myself
on the fact that the most careful ex-
aminations have demonstrated that
the route standing in this attitude be-
fore the world is the Nicaragua canal,
which commends itself as judicious,
economical and prosperous work."
j. F. MERRY, Iowa,
GEO. L. CONVERSE, Ohio,
S. H. HAWKINS, Georgia,
r. w. MILLsAP, Mississippi,
JOHN S. PILLsBURY, Minnesota.
AMBROSE Snow, New York,
JOHN S. JONES, Arkansas,
GEO. S. BAKER, Sec'y, Illinois.
THE British ship Bankburn has been
libeled at Port Townsend on complaint
filed by Robert Simpson and II sail-
ors for wages amounting to $2,10O.
The Bankburn is lying in the harbor
at Port Townsend and is bound for
Iquiqui. She put in to Royal Roads
and, on complaint for desertion, locked
up her sailors, who have now libeled
her in retaliation.
Twenty-Five thousand salmon were
received at Meyers cannery, Seattle,
one day last week. The salmon are
running phenominally thick now and