New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-14
ruE NICARAGUA CANAL BILL
.rops FRYE AND MORGAN MAKE STRONG
'-' SPEECHES IN It's FAVOR
or THE BILL IN CONGRESS TIL I
SENATE LIKELY TO PASS lr-sNNhh
OUNCE IL THE HOUSE.
fry TELEGRAPH TO THE TRIDrNK.]

t" ,, to leave Washington for Il 'iin'' ""o "'r'
pp IN give their views on the importance VI
anr,ent aid to tn" canal company 'Nl'f' '''r''"1
Go's"' n il is well Known. i, one of the ar,itra'"r'
NJ ~. If .lo I utcd states in the Belrihg sea |
on :" "a Will sin for Paris in Il few days. HIS |
9 md enthusiastic advocacy OF Government
fe" Che project Of building - tlanoisthm'aH canal
~ ,,ood grounds Of plhlic policy has been one o
VI 1t Characteristic and pT,'c"rlHy ih'Uth'N ]"
ne nv" ~, ,,lljc career and his interest in the src
- This GREAT American work i rs III hatEl"S HOW
war Mr.. frye ha, been an equally ardent anu
- 80 -unp,r,or os the Nchcm" of Government All
@ n canal COMPANY and the two speeches made TO
" wore rs powerful ANA effective arguments III
'' ,o, Of lie ,,nu;e hill rs could be- wished Tor
"Ft most pariotic friend of the canal enterprise.
" ,,i. latc day in the session II l., OF course
s,o ,hot the Nicaragua Canal bill may not sue
{, na,.iuc 10th hor>es Of Congress. Two wears
"' ,h end Of the short session Of lo9l the Samr
y. e,ursiercd against in the senate by
+rtv imposition and failed to reach a vote. II
80 can be- ended now within Few DAYS ana Il
con y, Lad it i more than likely that Inc
-, riu mass the senate 10y Il eood ih'J"rlN' NJ
,,"n and others think that the House OF Repre-
,;rcs ear he brought TO just >'nNe OF The Ma
,, ,mp6rtancc of The n.casur" ana maiccd I" nc
' =. IN the closing hours of the session. or 'hiN
'V =, however only Il very distant and unf.iiter
INV, n.o,noct Eu action 10y the Senate alone Will
NJ the good cnnc; If improving the
H" Of tnc bill in The next Congress and in on
.onrar;nc the canal company III lis W'houhueu nope
\, finally securing the o"'neu i'1Si""oi''
Mr. Frye said IN part
~ tho tine tha, Columbus sought for it in vain
..o,m q, Tie world Ia. been 70 hni pathway FOR
us - -. IN. i.thnus cornccti q Moth and south
, .ico For the Last twelve o' ntoen ycais the a.
80, ~ The world has been directed 'hieN u IN co.
NJ. pu,na Tehuantlcc and Nicaragua Panama mas
To- 80 NJ u, |. >,.p> at fist favored Nicaragua
- vino To certain complications. he changed t.
n.a Giving as his that >e1-loNc caha' W. q"
Int necessity and that ut that point onY was
.,,c,ble lie laid hi, scaIevel canal IL ""'"'"
a. Y,rre. River at different points mai u''
-, % :, , NOM rr Of a sclot committee Of the House
., Representatives isthnian routes in 1851. me
'or,v extended over months time. ana was e\''''N
,e,sstpr ard irstuctNe early ran ACROSS the N"'-
pye, AID carly made up ny mind that 10 su'h u''
,,oIah, and reckless that can be iouhl III
me wide word. l csily determined mat man heN,'
could harness il aid compel II to do his VIII Va
no Ias.eps expended s25OOOO.OoO on this route ana
elsewhere; chsns'd the pan 4l'" S'"'''''' ~
lock canal, and failed
Tehuantepec called 10 the attention Of the "oi'
chiefly on account of of the most di>'n3u'he' o
pses who ever lived in the world-one OF our own Ao'
can citizens whose reputation We nave r-I' =" w
,oua Mr. F,ds IIis 10 take from the bosom
% the Atlantic ocean the largest ship ahoat iuy lau'h
In her 10 seead track and then by powerful 1000
ro,iya or locomotives transport her across the l"thlS
~ aon her into the bosom Of the Pacihc-a magnificent
.Ssmo worthy Of the genius Of Mr.. Eais. He died in
m. midst Of his work. No successor to him ms ever
been born; and in opinion, none ever VIII BE- 80
rehuaptape: nav lie eliminated from the problem Mica
ena has been falOed location for great many years
90 account Of lis climate the distance for an
sxeava,ed canal was only twcntysiN miles while akc ana
river transportation 142 miles, because midway was
magnificent sheet Of fresh water deep enough ana broad
enough 70 hold the nave, OF the whole world because al
,,Ao extremity harbor safe and convenient could be
easily urodec and because IL j. just beyond what Is
known as the "cslm belt" OF Panama.
Mr. FIVE went on to elucidate the advantages OF
the Nicaragua route, TO reply TO The earthquake ana
of1er objections made against 1t, and TO sIs'w WHY 1t
would be for the benefit of the country that the credit
OF the Government should be lent to the Maritime
Canal Company as proposed In the bill. lie lad no
hesitation In SAYING that with the aid Of Government
credit its outside cost would be SlO0,OOo0oo; wmle
Without that aid It's would be at least double
because the company could not sell It's bonds (hh
ruaranteed) for more than 90 per cent, and would
have To pay per cent interest instead Of per cent
The suez bonds had been sold at 90 with s'ocN
thrown in rs bonus. He calculated the annual
fixed charges OF the Nicaragua Canal under the '"'
systems rs follows: Interest on Sl0O,O0oOOo guar
anteed by the United States Government at PEI
rent s3OOOOO0 Maintenance, repairs aud opera
lions =. OoOO goo: sinking fund (Which would III hl'1
years pay the entire issue OF bon1sl SloSD c 1
100000 Interest S2OO,0OOOOO twAicf. IT woul'
cost the company if bonds eS not Sof1so5Fea RHnn
mSpienance. go 100000 Total without sinklnl
fund.- sl4oooooo lie calcula.d on 'is ~ pas TO-
would leave under ne plan OF lle oii1 pI1 d tp
without that plan would leave loss OF T3'oOoVoU
year The company therefore would nave 70 c""rs
Mr. FRYE described in glowing terms Inc huNhn
tases which thu opening OF the NcaiS rado Wi
would give to The United ,iates IN me ane 90 tb
China and JAPAN and the phenomenal GROWTH oi u
Mr. Morgan addressed the Senate in advocacy 0
the hn He aid there were few thinking and rsa1nl
men in the country who we're not well niorne,
about al the poposionS ana problems wbo.c npiHo
the United States most respected and whose pow pow
he usd States wa , a%a y, u, Wa'f in oppoon
the bin How had al that hapRrned s,c, was hon ON
cause the bin under discussion f3owso of my
which the Governments Of me Ihitsd sules' "La
Britain fTaaGc Neaae EsS a GGss hca ana o
Mr. Morgan then went on 10 give sketch OF th
diplomatic history Of the latter IRON the Sryt 81 y
Iulwer treaty down to the most recent inti1rhl u
that history aud said that not one vote winch IN
Senate could give would have 80 much influence o.
vote in favor of the pending bill Let do duty,
said he 10 This generation OF men ana h91 poS Wis
or better or stronger than We shail come up ui'
execute this work."
Mr. Carey asked Mr. Morgan whether there was an
treaty existing between the United States Governlnel
and The Government Of any 1er eou'y
The company failed 10 build The cahal) 10 cohsunc
and operate the canal itself. . -...., -,
. Mr.. Morgan replied In the negative anu referred l
the Clayton-B ulwer treaty.
JUDGE JACKsON'S CONFIRMATION REPORTED
Washington Feb 13.-The Senate judiciary Com
ttee this morning in brief session decided to repoI
favorsbly the nomination Of Judge Howell f. Jackso
10 DO one OF the Associated Justices Of the Suprem
Court Of the United states. When the committee me-
te Democratic members stated that they would Il
longer oppose the report TO the Senate. but intimate
that they reserved the right To take such steps US the
saw fit when the question OF confirmation came bcfor
Ne Senate itself
The nomination of Judge Jackson presento
w<y in executive session by Chairman liOar,
lie Judiciary Committee, with a report favorng Il
6orses ano Carriages. Aors