The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-03
|IiIRNICARAGUA BILL
II Watson C. Squire Be-
bre the Z. s. Senate.
x,No FOR THIS STATE.
aeuss Vast Resources Would BE
z 1.a b. the Canal-A Proper
1 s 4. ssa.ex for National Liquidation.

xsss;oe is the speech OF Senator
$50 4. squire. Of Washington, in fne
2.'s-s ae.tes senate. December IS:
s1t.ve that every president Of the
800 mates, from Mr. Monroe 70 Mir.
$50 has favored the construction
E s. ~. ,rs.sis tarnian canal. to be practi-
: i, .uder the control Of the United
...rrtaf conventions. boards of
81 sz xnd chambers OF commerce in ali
81 = ne country have thoroughly dis
a. ss IL subject in ali us phases. The
1fons they have passed and the
z1ssls they have sent TO congress in
~ y ne Nicaragua canal attest sn no
.usx or doubtful tones the interest
80 800 lake In urging its early con-
siS6tiec.
Z. stere moi sufficient patriotism and
~. snIrit In congress 10 induce 1t to
= sxf5e all impediments and to pass
- m which viii solve the secret OF
- uxaltss tine phrase employed by the
49,, e f1pa.ra II. his letter to columbus),
- inauSurafing the new era OF pro-
/ 80. ga prosperity for our beloved eoun-
- "a promotIng to the utmost degree
4 - eurnruerciai interests Of the eommSs.-
szss os our twin continents of Amer
- vork has been well started, and
-, fhar 1900 900 has been expended on
= -. obstruction of this canal by a COM
s.,vl,l company. Although a gigantic
,.srruejse. 1t would probably have been
S es,,tsd veil on toward completion but for
=. dirturbance in the financial world.
go commenced In the Argentine Re-
e.k1c. caused the failure OF Barring Bros,
6..lsy. swept over Australia, Europe and
- unised States. and. in fact. affected
IN ubole business world.
Il & understood that the work already
16ee Is Of a permanent character. and
y ! -, everything Is ready for the resump-
IN Il operations whenever funds shall
q provided.
ii IS believed that the Nicaragua canal
nur and viii be built. The important
epestion Is whether this shall be done
oodef the auspices of the government OF
"a United States or by the use of credit
& & capital 10 be furnished and controlled
/ 81 capitalists OF Europe. This is the
esesijcn noT before The congress for de-
sasson and there ought to be but one
nuver: We will not pursue a ''dog-in-
tts-msnger'' policy, and the canal shall
y bailt under the supervision and con-
tfsl Of oar government on fair and
equitable basis OF satisfaction to those
srterprising men who hold the conces-
sons and TO the other governments
shieh ara interested in this work.
II ! am correctly Informed. 1t is not
sniikeIy that II the present session be
allowed 70 pass without favorable action.
~ canal company will be confronted
9Th the necessity OF adopting one Of
tsa Alternatives. either to abandon the
ecleessions and lose the large amounts
ssfady expended, or to accept propo-
Bitlcn Of foreign capitalists. which may
tsssihly be more liberal toward the COM
paHy Than the one contemplated by the
provisions Of the pending biil
TOO policy Of the government has for
many years beesi favorable to the i'm
Pavement of the navigable waterways
Of the United States, and many millions
dollars have been appropriated an
Eazlly for this purpose. the expenditure
81 which has favorably affected the In
forests OF nearly every part or the coun-
Ey The passage OF ships between the
Atlantic and Pacific oceans by means of
ne proposed canal Is as important to
sae commerce of the navigation of the
: me commerce CT the nation as the navfga-
aca o. the Mississippi river or the navi-
cation Of the Great Lakes of the North
nc insar ~aterways 10 the Atlantic.
Ice fusare prosperity OF the Pacific
seast states will depend in large measure
wa Tue speedy construction of the pro-
POSED canal.
me state of Washington has about 90
VIVA acres OF forest and mineral lands
~ shieh u IS estimated, there are more
.aaa sosmooaoo0 feet Of standing tim
ess onH g cents per 1000 feet De
sslsu @ the value Of that timber as the
sss's q more speedy and cheaper trans
passa1aa, at least sleoosaMc would be
~'aVa 70 the wealth of that state alone
= the enc item OF timber. This Is equal
sas Whoie capital stock of the canal:
N.'a y y much too low an estimate of the
nsapsrsise Increase in the value OF the
aaHng timber alone In this one state.
Z ssHFse the benefits OF this trade will
sss'pfveally enjoyed by the Eastern
A'auie states. which have nearly ex-
.sssea laeir supply OF timber.
sps mills OF the state Of Washington
"a annual capacity OF eis enp, 0ao feet
8 sashbeT. ana there Is a sufficient sup
~ timber standing 10 supply them for
sssss TO come. During the year
ss,as peeeniber ]. 1893. the amount OF
s.-'ss shipped from Puget sound 10 for
80 ports was ". ses. 800 feet. or this
80 Alies,2a feet went 10 Great Britain
we continent Of Europe.
aae factfla coast has not ontv the
.sssss body Of timber now standing IN
- ~ s0aatfy. bat it IS OF a size and quail
- - sass ean''os he found elsewhere. The
.ss.s 81 Maine have been so depleted of
i. uaiser that FOR many years cargoes
49, 49, tae state Of Washington have been
s go s'oaaa Cape Horn 20 supply the ne
.-es o. this anal other shiphuildlng
On the Atlantic coast. English
- .ss'u'siers now ottain this class % TIM
- .'osa TIE shores of the Baltic sea and
- az Norway. This trade. as well as
S. ~ Manufactured lumber. viii nat
J. ~ se transformed IN a large measure
taeiiie coast when the Nicarass,ia
~ s.sah become navggalie.s
sasef protlncts of the Pacific coast
,xsss eHlky nature in proportion 10
ss-s hhiia some 81 these products.
$50 49, fruits, some grain and the lighter
-. % timber. such rs cedar shin
a.. save beer brought ior the Atlantic
y saA Yet it has rot been demon
ra,s. shas Il s. practical 20 haul by
s,.,s'. very large proportion 81 the
So, - q that co5fatry Seap miles
- the continent. over two great
49, e.',''Asa ranges. az rates OF freight that
er.ss.. .sAse any cons. 3erabie profit 10 the
I 50