The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-19

! Suez canal has contributed TO its owners
! is but a feeble earnest of what this gigan-
( tic gateway would be to this country in
| time to come. The possibilities are simply
! Incalculable.
The report OF the Senate committee on
! foreign relations on the bill for govern
! ment aid in the construction of the canal
recently submitted, Is favorable, and rec
ommends the passage of the bill at once
/ q his bill is really amendatOry of the act
1 OF 1859, by which the United States
| agreed to become fndorser for the pay
ment Of the bonds of the Maritime Canal
| Company Of Nicaragua. Among other
! things the new bill provides for a capital
stock of 100000 shares at a par value of
| 500 each. All stock heretofore issued
shall be taken up, and all outstanding
! bonds and other pecuniary obligations
| shall be Cancelled. The companyi is author
lied to Issue bonds TO the amount of
so COZ, 900 TO run for sixty years at per
cent. per annum, but redeemable at the
| option Of the United States in ten years
| The government guarantees the principal
| and interest OF these bonds, in cOnsidera-
ton OF which guaranty il is to receive
$4,000, 900 of the stock. The bill also
provides that theicompany's property'shall
! be held as security for the payment of
| the bonds. in case of default ia payment
Va tAA0 A4hNEAAoL btslbAt tlAD NolAAA WOuA0 NC
put IN operation the Pres
ident of the United States
may forclose upon a written order,
Senator Morgan, of Alabama. chairman
of the committee, among other things re
garding the bill, says "The Importance
Of the Nicaragua canal to the United
States in a military and strategic view
would demand OF us an expenditure Of
ten times the sum that it will cost to
| build and protect 1t. Germany and Great
Britain have already occupied every island
! and har0Or in the Pacific Ocean south
of the Alaska Peninsula that is
fit place for naval station
! or for dock yards, except in
| Hawaii and the harbor of Pango-Pango,
in Samoa. On these we seem to have a
| feeble hold. If it shall result from our
Indifference or dread Of expansion in the
direction of national duty and Of self.
| preservation, that Great Britain or any
! other great European pow er shall get
the control Of the concessions that we
have so far refused, the result is even
| now plainly manifest that the Central
American states will repeat the ex-
perience of Egypt. Then wekAall have
our country broken in its &oast-line of
trade and defenses by a European power,
not in violation of the Monroe Doctrine,
| but this will be done in the name Of these
| republics on and near the line of the
/ canal"
The logical force of this argument is too
| convincing TO need comment. Unjust sure
| lytappeal to the national pride of every
true patriot, who delights to boast that he
| is q citizen of the greatest country the
world has ever known. There is little
doubb that the sentiment in congress and
| the country over is in favor of pushing
| the canal to completion, but there is a
! diversity OF opinion as to the best method
! of proceeding a great many advocate
| direct government control. which, no
doubt, would be preferable, although
| there seems TO be no danger in control
! through corporation, as the bill now be-
| fore congress, should it be approved so
adjusts the interests to be acquired by
each that the government can take COM
plete possession at any time.
am firm believer in the Monroe doc
trine. This great country of ours, Justly
| proud of her past opportunities and
achievements Of her present power and
| influence among the other civilized
nations Of the globe of her bright, prom
| Using future, fraught with hopeful posi-
| bilities beyond the imagination doubt,
| less, of the most sanguine, should see to
| II that no foreign power shall get control
! Of this coming Golden Gaten through
! our Western hemisphere. Let us
! hope that our national legis-
4dbofS now IN congress assem- 0led, Will be
| true to themselves in this matter, and
Tor the glory of our country, whose ser
wants they are; for the love of our coun-
| try, whose children they are, let not this
| browning opportunity of our nations ex-
| istence be lost to US now and fore ger. Let
| the orator on the stump, by the power and
fire of his eloquence; let the press, by the
| force and logic of its argument and influ-
| ence-both continue to agitate and sup
| port this great measure before congress
and let us hope that before adjournment
! the bill, in its present shape, with slight
| changes possibly In the House, will finally
| be adopted. 1t is quite certain that ii
| will be Endorsed almost unanimously by
the people of the United States.
G. b. WHArLEY.
Savannah, Ca, May 16, 1894.