New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-06
DISCUSSING TIE PANAMA CANAL.
THE ORDER OF THE DAY ADOPTED by III"
FRENCH CHAMBER OF DEPUTIES

IN REGARD TO IL
Paris. jan 5-In the Chamber Of Deputies to-oay
81 Falleres Minister Of Justice, announced naV "'c
judicial examination OF the directors OF the p;iah'
canol Coupany was procecding and that the House
could have confidence in the magistrates trying the
case. A..
Camille Dreyf1s demanded the prosecution OF the
persons who had caused the collapse OF the enterprise
NJ. Goblet said that he thought the Government
might intervene t. assist in bringing "OouU d 10
sumption Of work on the canal
On motion OF NJ Pcytrsil, an order OF the u'y "ao
passed demanding that energetic measures be taken
aganst the persons responsible for tho present state
Of the canal company.
The discussion in regard to the Panama Canal Is
tbe third since November and may he looked upon rs
the nral effort TO save that unfortunate undertaking.
On october o. 1891, first list OF 92,22o peuuoi''
representing 100 e97 shars bonds OF the company
was sent to the Chamber Of Deputies By NJ harhot'
director OF ale Petit Journal" That paper. winch
has a daily circulation Of nearly 100000 copies
among the masses France had been IN us edltorla
columns as well as In It's advertising connins' tne
most enerrric and influential OF the advocates OF the
Panama Canal since the collapse OF the company IL
has discovered It's mistake and IL WIS only JUST that VI
Marnoni shoud OFFER his assistance to the hundreds OF
thousands Of French people who had trus'ea
his optlmst and obstinate assertions about the
undertaking and had sunk ther savings In IT,
IN November the Petition Committee OF the
CHAMBER aGonted the report OF NJ Thcvenet inc
petoners asked for the Intervention OF the state ana
for the formation, under It's CONTROL OF new com
many The committee decided that the Parliament
Ind never assumed, and could not assume, any inta-
tive or responsibility In the matter; and with tiht
observation IL referred the petition TO the Ministers OF
Finance Public Works and Foreign Affairs. similar
decision was arrived by the Petition Committee OF
the senate In December. The reporter Senator Dupuy
who Is director O. n popular penny paper, lie Pcut
Pariscno q rival OF ale Petit Journal" expressed
Ike his colleague OF the Chamber, sincere and pro
found sympathy for tho deuded investors.
II appears from the cable dispatch that the discussion
IN the Chamber has turned more upon the punishment
OF the directors Of the company than upon the feasibility
OF continuing the work, lamentably abandoned IN
consequence OF mlsnana cement. The Colombian Gov
crnnent In 1878 granted the concession for the cutting
OF tho caual Lieutenant BOnapartc Wyse and Others
who sold the privilege to NJ de Lcsseps. The latter
formed the company 1881 with a capital OF 100000
oOo divided into coo 900 shares Of 300 each After
ward large number Of bonds issued. until the
total OF tie sums absorbed by tho company amounted
10 329 5y3.O7s francs rs ccnumcS about S2b5OOO.-
receiver Icing appointed Oh December -. lrs5. The
col, ullan Government has granted further delay.
until February. 1903, for the completion OF the canal
and Il ia order a. finish the undertaking before that
cao that the petitioners ne for tie assistance u the
French Government. In France alone IL + computed
there are about 10000 persons who hold sharhs or
bonds the former company Of the Panama Canal