Morning journal and courier., 1893-02-15
FIFTY.sECOND CONGRESS.

I =
 Vigorous Opposition to the Proposed l Changes in the Pension Layve-Bond Issue and she Nfcaraguan Canal Oc. cupy the Attention of the Senate. WASHINGTON, Feb. 14.-Mr. Sherman | reported back from tho committee on finance the amendment suggested by him. self some days ago, in reference to the is- sue of United States 8 per cent. bonds. The committee had directed to be offered
 to the sundry civil appropriation bill. No
 change is made in the amendment except
 to add at the end of the words ''for the pur-
 poses provided in said act" the words "and
 none other"
 Mir. Quay offered a resolution, which was
 agreed to, calling on the secretary of the
 treasury for information as to whether any
 part of the appropriation for the worlds
 Columbian exposition has been paid; and
 if 50 under what modification of the rule as
 to Sunday closing. He also gave notice of
 au amendment to appropriation bill msk-
 ing appropriations connected with the worlds fair conditioned on Sunday clos ing.
 He also gave notice of an amendment to the Nicaragua canal bill-that the act shall not take effect until the government of the United States shall have secured, by con- vention with the governments of Costa Rica and Nicaragua, the right to fortify and garrison the termini of the proposed osnal.on the Atlsnttc and Pacific oceans, and to maintain one or more armed vessels on Lake Nicaragua, and to march military forces through the territory of either of those states for the purpose of protecting the canal and the persons (citizens of the United States) operating the same.
 MT. Hoar offered 8 resolution (which went over until tomorrow providing that on the 22d of February WashinRton's birthday-Washingto farewell address be read to the senate Qmmedistely after the reading of the journaD by the presi- dent pro tenn, Mir. Mandsrson, rep, of Nebraska The senate proceeded to the of the sundry civil appro- pristion bill.
 Nearly half of the sundry civil bill had been disposed of (he items as to the | worlds fair having been passed over tenn oorarily) when at ? p. n. MT. Allison, in | ,harge of the bill, said he would not ask | urther consideration of it today, but | would yield for the Nicaraguan bill. He | ave notice, however, that he would ask | he eenate tomorrow to go on with the sp- bill.
 The Nicaraguan bill wss then taken up nd Mr. Sherman, in charge of it, said he | leairad to clear up antiquities or rather | o explain matters about which some sen tors appeared to be in doubt.
 The outstanding contracts between he canal company and the construction ompany, he said, were all to be swept out f aYiSfapoa Thau tho hooio 0f | ost of $250, ,000, ,000 for the construction of he canal. The government would stsrt 7ith clear table. It would own $S0 ,000,- % out of $100, 0,000,000 of the stock, and 'ould have ten directors, the Maritime ompany becoming the mere agent and ervant of the United States.
 Mr. Brice inquired whether 1t would not @ the policy of the government, holding ghty millions of the stock, to fix the canal | srms 80 as to leave no dividends for the :ock and whether the private owners of lis twelve millions had not somewhere ome safeguards against such rates of toll cling fixed as would leave their stock val eless.
 MT. Sherman replied that they had no 1ch safeguards.
 The committee on foreignssrelations was opinion that under these circumstances ould be of little value.
 MT. Dolph suggested that the senator as under a wrong impression as to the wnership of the stock. With the excep- on of one million of it the stock was still | Hned, MT. Dolph asserted, by the con- ruction company, which was virtually l le game ss ths canal co npany. and that illions had been sold at $50 a share At ast the shares of the construction con- sny had been sold with an equal number shares of the canal company at S1O0 l lare. |
 MT. Teller relying on the report of the on foreign relations claimed that r. Sherman had been making a misre- resentstion,
 "That is false," said NIT. Sherman. "I ) not misrepresent anything. Issy again lat if the government of the United States lall have the control of this canal 1t is ot to be presumed that it would levy such | Ill ss would pay dividends on watered ock or any other stock. The probability |
 that the government dealing with its wn property would only levy toll enough
 pay the expense of carrying on the ork, the interest on the bonds and the hiking fund"
 Mir. Teller insisted that he was right in | hat he had said. If the committee on | reign relations, he continued, has since ,me to the conclusion that another system
 to be adopted by the government we are ot responsible for that. We are prssum- to go first on the bill which the com pany IS presented and second on its report.
 The senate went into executive session for | time. When it resumed its ssssion the nal bill was again taken up. Adjourned.