Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-26
mar NIcAWAoUAY CANAL

For forty-fvc years the friends OF the
Nicaragua canal have entreated govern
mcut aid for their project As business
enterprise It has been endorsed by ey-
cry man who has examined into il, as
practicable venture It has met with the
approval of every expert engineer who
has inspected the proposed route Its
Importance as opening up n direct and
| short line Of communication with many
Of the principal countries OF the world
Is universally recognized and yet II has
not been built. The reasons have been
/ largely political aud the recent disclo-
surcs Of the Panama investigation show
| that millions of dollars have been sent
from Europe TO accomplish its defeat.
The surrender Of the Hise Nicaragua
treaty Of 1S40; the agroemnt Of the
/ Clayton-Bulwer treaty Of 1910; the neg
| lect Of the concessions offered 70 Presi-
| dent Grant; the defeat of the Freling-
| huyscu-Zavalu treaty Of 1884 are exam
| pies Of the political influences brought
to bear De Lesseps himself is authori
ty for the statement that this Is the best
place to build lock canal, the failure
Of the Panama scheme, the healthfulness
Of this high region as compared to the
deadly miasma of the Panama 18TH
mus; the river aud lake that can be
utilized, and the location as regards the
| natural course Of trade all prove con-
clusiyoly the wisdom Of the project.
A report has been issued by the con-
! grossional committee TO the delegates of
the New Orleans national Nicaragua ca
nal convention. The bill was fayora-
bly, reported to the senate by the COM
mittec ON foreign relations ON Dec. %:
The present canal company, It Is rec
| commended. should be abolished and
new company of fifteen directors sub
stituted, ten to be appointed by the presl-
dent, one each from the republics Of
Nicaragua and Costa Rica and three
from the stockholders, the president yot-
ing the stock OF the United States,
amounting to four-ffths Of the whole;
The amendments also provide:
"Ihe limit of authority to issue stock
is reduced from $2OOOO0OO0 10 $780,
600. $50, 100000 of that amount is
to be issued direct TO the United States
paid up and non-nssessohle), SG,OOO,OOO
TO the republic Of Nicaragua, $1,50O,000
10 the republic of Costa I,ica and $12,-
100000 to remain with the present stock
holders as the only consideration for
all their concessions, immense IMMIGRANTS
properties and rights of every character:
Tho limit Of authority TO issue bonds
Is reduced from $250,OO0O00 to $780,
! -. Il st,t s.f
which are 10 be guaranteed by the
United States: These bonds are to run
sixty years and bear 3 per cent inter
est, and are rcdeemablc at any time
after ten years All these bonds are
to be placed in the treasury vaults OF
the United States, and TO be disburscd
by the secretary Of the treasury upon
estimates rendered by government en-
gineers OF the work done, and to be
sold at not less than par.
The entire property Is to be mort.
gagged 20 the government TO secure pay
mont Of the bonds aud may be fore
closed IN case Of defnult In any pay
ment Of interest OF principal"
Tie Importance of this measure &c
!
/ country at large cannot be overcsti
, mated With the problem Of n deer
water port practically solved by IN,
improvements at the mouth Of the Braz
os river, this state can largely contro
tho immense trade Of the South Ameri
can republics and can maintain wate
r COMMUNICATION with all parts Of thewold
II would be good plan for the stat
legislature 20 pass resolution settinl
forth It's importance and calling upon tn
senators and representatives In congress
. from Texas 60 aid to their utmost Ga
passage of the Nicaragua bill.
; SCIENCE or IMMIGRATION woRR
:. Az a general rule immigrants seel
>, the same climatic conditions in thi
country that they left in their own
Fort Worth Is on the same latitude tina
a Alexandria, Egypt, Is, and the line run
,e through the northern part Of the dcser
Of Sahara. ST. Paul is a little south q
Paris, France, New Yorl, is on about IN
u same latitude as Rome, Italy. IN
~ ! Huif stpaou, mud tho iuuunnca of IN