The record-union., 1893-01-12
remuneration for the risk I was under

remuneration for the risk was under
taking"
"Your contract" said the Judge, ''pro-
vided that you receive thirty percentage.
to be made within thirty days of the date
of sending the orders. Now you took
2,S75,090 francs from one firm as percent
age, although the order was never exc
cuted.n
Eiffel replied that it was not his fault
that the order was not executed. He
himself, had often paid on contracts
which were never executed, beside this
contingency was contemplated by the
general condition of the transaction.
Il consider such transactions void"
said the Judge, severely, ''since it was
the result of error. to call it nothing
worse. The Prosecutor-Ceneralw will tell
you more about this tomorrow and at
subsequent sittings."
Eilfel quailed visibly under these
words.
NJ. FIorey, Government Accountant,
who examined the accounts of the COM
pany, testified that Eiffel had been paid
69,O00,000 francs on his contract, and
made a profit of thirty-three millions
on it.
With reference to the statements that
Charles De Lesseps' attention had been
called to the statements of Provost De-
launay and NJ. Delamarzelle, the latter
said he was told by Charles De Lesseps
that whenever a company issued fresh
capital, large sums of money had to be
pK1nnHpH O n N ~ nl
concerns even made the newspapers
monthly allowance, but in the case of
the Panama Company, journalists who
| hocked to it's office whenever a fresh
issue was made, received nothing. In
spite OF this the expenses of different
issues reached considerable sums. They
did not, however, amount to 8 per cent.
Various financial houses who formed
| the so-called guarantee syndicate, and
whose cooperation was indispensable,
received large sums without really guar
anteeing anything. Whenever a fresh
issue was announced numbers of people
| called on the company and offered assist
ance. Most of these were Jews. 1t was
not only bankers who made these offers,
but all sorts of influential persons, who
would praise or decry the operations as
they received more or less money. De
Lesseps added that there was nothing
astonishing in the large profits made by
| the contractors. Their high charges could
not be cut down. They ran great risks.
| De Lesseps concluded his statement with
| the words that if certain persons and GER
tain things are attacked, the success of the
Ii 4 nd
those who make those attacks will con-
| tribute to the taking over of the enter
prise by Americans. Those who attack
the Panama object are people who wish
to strike blow at the Suez Canal.
DE FREYCINET ACCUSED OF swINDLING.
PARIS, Jan. 1.-THE GauIois accuses
De Freycinet of having been implicated
with Baron Reinach and Cornelius Herr
in swindling man named Wenzel, who
invented a new railway brake, out of his
patent.
Wenzel died mysteriously on the day
he received a check for 100000 francs
| from Herr, and on the same day Reinach
died.
SOCIALIST MANIFESTO.
PARIS, Jan. 1.-THE Socialist Union
has issued to the people a manifesto.
which says: "Opportunism has become
engulfed in a quagmire of bloodshed at
Fourmies and mud from the Panama
scandal. AS it sinks the nations work
ers, system of delivering up Parliament
| and the Presidency to handful OF crimi-
nails must be abolished. If the Republic
is to be a Republic of honesty, and to
glory in the vanguard of nations, we
must organize a government by the
people, through the medium of universal
suffrage" The manifesto closes with
call for great meeting at Paris on Satur-
day. The manifesto is signed by fifteen
Socialists. members Of the Chamber.