The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-14
UNCLE SANS BIG CANAL.
THE NICARAGUA SCHEME BEFCRE
TIE SENATB.


! Senators Morgan ard Frye Speak in
Favor Of Government Endorsement
Of S1oo,cOo,OOo 3 Per Cent. Bonds.
/ Endorsement Means q Saving of
Sloo,OCo,oOO in the Cost of Con
struction, and 100000 Per An
| mum IN Fixed Charges.
| WASHINGTON. Feb. 13.-In the Senate to-
day the Senate bill appropriating 100000
| for the purchase of the Temple farm at ork-
town, Va, the scene Of the surrender of
Lord CORVALLIS and his army. having
been reached on the calendar, Mr.. Morrill,
asked that it be laid aside that he might
examine 1t. He was not aware that It had
been reported from the committee on pub
lie buildings and grounds, OF which he
Is acting chairman. A desire was
expressed by Mr.. Cookrell that the senator
from Vermont would at some time look into
the question Of the market value Of the land
as compared with the price named in the
Dill de was informed by Mr.. Daniel, who
had originally introduced the bill, and who
had sfterward reported it from the COM
mittee on public buildings and grounds, that
the value OF the lands for agricultural pur-
poses was but small The amount fixed in
the bill was on the principle Of preti0 afec-
tlohls. The bill was laid aside without ac-
ton.
NICARAGUA CANAL.
The morning hour expired at o'clock p.
m. and then the Senate till to amend the
act OF Feb. 20, 1889, to incorporate the
was taken up and Mr.. Frye of Maine ad-
dressed the Senate in advocacy of the bill
The bill provides that 3 per cent. bonds of
tne company to an amount not exceeding
$IOO, OOO,O 900, shall be guaranteed principal
and interest" by the government OF the
United States, these bonds to be issued &C
cording as the money is actually paid out
ana expended by the company in the con-
structlon OF the canal. The government is
then to own the capital stock of
the company with the exception of
Sl2,OOO,OO0 OF it, which is 20 be re-
tanned by the company, and except
shares to be delivered to the governments
OF Nicaragua and Costa Rica. The i'm
portance OF this guarantee by the govern
ment was demonstrated in the speech of
Mr.. Frye, who undertook to show that the
work would with the guaranteed be fully
completed at a cost of 500, 000, 900, and
that its fixed charges would be only IS, 00O,-
600 year Outside of the sinking fund.-.
whereas. without the guarantee the cost
fixed charges 81, 000. 900 year.
THE DIPLOMATIC FEATURES.
Mr.. Morgan discussed the diplomatic
features OF the measure, and said that not
one vote which the Senate could give
would have so much influence on the desti-
ties of the Pacific states as an affirmative
vote in favor of the pending bill. The ma
Eions Of the earth would ascertain from
that vote that the Americans were a united
people; that they were pro-American in
every proper sense Of the word: that they
comprehended the magnitude and majesty
OF their destinies, and that there was one
uniform accord that American institutions
were to be under the benign protection Of
the American people. He appealed to the
Senate of the United States, which had
heard the matter discussed time and again
to take up the subject and vote upon il
after reasonable time had been given for de-
bate. ''Let us do our duty" said he, "to
this generation of men, and not postpone
action until some future generation wiser
or better or stronger than we, can come I'D
and execute this work.
Mr.. Stewart inquired il what kind of
| money the bonds were 70 be made payable
10, silver, Of course" said Mr.. Morgan
| ironically.
Then l will have 70 offer an amendment
20 that effect, Mr.. Stewart rejoined with
laugh.
''If the senator does 3d." said Mr.. Morgan,
II will have to vote against him and he will
lose one Of his friends.
NOT HANDICAPPED BY TREATIES
Mr. Carey asked Mr.. Morgan whether
there was any treaty existing between the
| United States governments and the govern
ment of any other country excepting
| Nicaragua which would forbid the gov
eminent III the company failed to build the
canaD 20 construct and operate the canal
itself.
MIR. Morgan replied in the negative and
referred TO the ClRyton~Bulwer treaty.
Mr.. Carey-But you hold that. that treaty
| is obsolete.
Mr.. Teller-I will ask the senator from
| Alabama the question directly: Do you
! think there is anything IN the Clayton :
Bulwer treaty that would prevent US from
| building this capals
Mr.. Morgan-There is not now, and never
was
Mr. Teller agree with you entirely.
| After some further discussion the bill
| went over until tomorrow.
Mr.. Allison reported from the committee
| on appropriations the sundry civil appro-
! priation bill and gave notice that at the
! earliest practicable moment, certainly not
! later than Immediately after the morning
business on Wednesday, he would ask the
| Senate 80 consi Ter it.
! Tho Senate went into executive session,
and at $40 O'Clock adjourned until to-
! morrow at noon.