Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-02-15

Again the Subject In the Senate Statements
BY NJ. Sherman.

WAsulxGrax, Feb. l+.--ln the Senate.
Sherman reported back from the committee
on finance the amendment suggested by
himself some days ago, in reference to the
| issue of United States ) rer cent bonds.
| The committee directed that 1t be offered
to the supdry civil appropriation bill. No
change was made III the amendment except
to add at the end To the words. for pur-
poses provided in said act, :" the words .'an'l
none other.
Quay gave notice of an amendment Ia
the Nicaragua Canal bill. tina, the act vii!
not take effect until The government of
the United States has secured, by
convention with the government of
Costa Rica and Nicaragua the right TO for
tify and garrison termini of the proposed
canal on the Atlantic and Pacific oceans. TO
maintain one or more EARNED vessels on
lake Nicaragua, and to march military
forces through the territory of either of
those states for protecting the canal and the
persons (citizens of the United States OPP
Grating the same.
Hoar offered resolution (Which went
over until tomorrow providing that on the
a2nd of February Washingtons farewell
address be read to the Senate, Immediately
President pro tenn.
The Senate proceeded to the considera-
ton of the suhdry civil appropriation bill
Nearly half the sundry civil bill was dis
posed of, the items as TO the Worlds Far
being passed over temporarily, when at =
L. NJ Allison, who is in charge of the bill
said lie would not ask further consideration
of it toiay hut would yield for the Nicara-
guam bill.
The Nicaragnan hill being taken up Sher-
man, in charge of it, said, the outstanding
contracts between the canal company and
The construction company are all to be
swept of existence. T hey are on basis of
u cost of $50 900 900 for the construction
of the canal. The government would own
$50 900 900 of the SloU 900 00n Of the
stock and world have 10 directors The,
maritime company becoming a mere agent
and servant of the initcd States Twelve
millions of stock was in the hands of pri-
yate owners and could only be obtained
from them by some method of condemna-
tiun.
Price inquired whether or not it would
be the policy of the government, holding
$50 Oup 900 of stock. to fix canal tolls
SO a. 10 leave no dividend for the stock !;
and wA"'her the private owners of this
S;l2 'Hs Upo of >tu.k iial not SOM safe
guard. against such rates of toll being fixed
~ voui icsr' their stock yaluFicss
Sh,r'nan rcrlir, that they had no such
saf, guards. The committee On foreign
rrlatlr's was of iiic opinion that under
these ircutn.ttuers the stock auul he of
very iI,c value, but it i. private prop
ert, anl The government had no right To
confisctfr il.
hulpll SAID that with The exception of one
million ia. stock was Nll owned by the
construction COMPANY win ii was virtually
tie same as the canal rompry, and mill:
ions have been sold at s'5u shaFr.
After further debate the Scnat,. vent INTO
executive session. When H.. door. re-
opened the Senate resumed consideration
of the Nicaragua canal bill.
liigl,ns offered an nmenlm Mt providing
that none of the honls be delivered tothe
Canal Company un,ii it appears to tn" s4tl'-
faction Of thS President of the United
States that the work can be completed nt n
cost of not exceeding the cash proceeds Of
~l00, 400, 900 of bonds and that board of
! five engineers be appointed TO report to the
resident as to the feasibility and cost of
the canal and its probable tonnage and
revenue.
The canal bill was laid aside and the con-
siieration of the sundry civil appropriation
bill resumed. All but IL pages of the bill
were disposed of. The amendments recon-
| mended by the committee on appropriations
were agreed to, except some which were
reserved, and these included the Woriis
Fair items and the river and barbor i'm
provements. The Senate then adjourned.