The morning news., 1894-11-25
NICARAGUA'S CANAL.
The New Charter Secured by the Com
pany in Vermont.

pany in Vermont.
Montpelier, Vt, Nov. 24-The act to in
corporate the Nicaragua Canal Company
passed through the house yesterday by
a unanimous vote, and now goes to the
governor for his signature, which will
| be appended. This act is the one ex-
| Senator Warner Miller. president of the
Nicaragua Construction Company, favor
ed before the joint committee on cor
porations and the new company chartered
is to succeed the old construction COM
pany which suspended in 1898.
The incorporators of the new company
are John r. Bartlett, Smith NJ. Weed,
Henry Enrol and Richard l.. Edwards,
John j. Emory. Wilhemus Minderse and
Z. f. Slbley The capital stock is fixed
at $12, 900.
Washington, Nov 4-The Nicaraguan
canal question will certainly come up at
the next session. In the House there is the
bill framed by the committees on inter-
state and foreign commerce which is the
best measure yet proposed for the pur-
pose, Then in the Senate there is SEN
amended so as to conform more closely
to the House bill. In the House bill the
capital stock of the Maritime Canal Com
pany of Nicaragua is fixed at S36, 900 shares
at 800 each while in the Senate bill it is
fixed at 100000 shares at $100 each. The
United States would hold over seven
eighths of the stock and eight OF the elevn
directors would be appointed by the Pres
ident practically making 1T a governmental
enterprise. The other three directors will
be appointed one each by Nicaragua and
Costa Rica and one by the Maritime
Canal Company Both bills provide that
the mortgage bonds TO raise money for the
construction of the canal shall be issued
by the Secretary Of the Treasury from
time to time as the work progresses. The
construction will bo under the supervis-
ion and built after specifications of the en-
gIneer corps of the United States army.
The canal company will doubtless have
"A strong lobby here which viii work
against the bills IN their present form as
the stockholders of the present company
do not think the bills give them suf-
fiCient sum for their concessions, and the
WDfk tntN nave dlfedut accomplished.
Speaker Crisp did not permit time for the
confederation Of the bill at the last ses-
sion, but It is not argued from this that
ne IS opposed 10 the scheme It is be-
neyed that the President will recon-
mend this measure in his next message,
and II he does it will undoubtedly be-
taken up with q probability OF it's passing.
The friends Of Mr.. Wilson OF West Nir-
ginia arc specializing upon his appoint
ment to the supreme bench during the
coming winter. Justice Jackson is SO IN in
health that o. believed here that he will
resign. and Justice Field has now reached
that age when he ia practically OF little use
and his retirement is reckoned upon as a
certainty. Those who are making up this
balance sheet may be- 81 little iu advance
by two years forgetting Justice Fields
autipnthy 20 the present administration,
and likewise overlooking what science may
DO for a sick man. In case Of any one va
cauey occurring. the likelihood is that Eec-
retnry Carlisle viii be- transferred from the
treasury department ana fhe cloak of the
judiciary thrown around him.
work upon the construction of the Amer.
ieHn University. the great school ~ learn
iuR i9 hc erected hare by the Ateth0disfH.
wli H. begun 30 sn early date. The en-