St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-18
THE ATTACK RESUMED.

The men who have been pushing
well-earned rest since congress adj
journed. They do not propose, how
ever, to be left next winter at Wash
ington. Alreadya hint of the resump-
ton of operations is conveyed in the
news item which states that the gov
eminent of Nicaragua is about to re-
yoke the canal concession, on the
ground that the conditions on which
it was granted have not been COM
piled with, and to offer this precious
privilege to some other nation. The
purpose OF this announcement is
clear. 1t is precisely similar to one
that was telegraphed all over the
country last winter, with the object
OF pushing the canal steal through
congress. The jobbers and boodlers
who are heading this thing have
found their trump card to be the
cheap lingo sentiment to which the
Republican party has so often ap-
pealeG. They know that their enter
prise will not stand for a moment on
its merits. If it could, there would
be no requests for. the United States
government to guarantee the bonds
of a private enterprise, which means
that the people of this country shall
contribute capital enough to build
the Nicaragua canal and pay several
millions of booty to it's promoters
without their giving back one cent of
either principal or interest. If they
were sincere in their opinions and
honest in their pretenSeS, they would
raise the necessary money by private
subscription and go ahead. If
their enterprise is really as profit
able as they represent it, five times
the amount of money necessary to
carry it to completion could be OBJ
tanned readily in any of the great
| financial centers of the world, where
accumulated capital to the amount of
| hundreds of millions of dollars is now
| looking anXiously for safe invest
ment at the lowest rates of interest.
What the canal jobbers expect,
and we regret to say that up
to date they have not reckoned with
out their host, is that they can scare
the people of this country into con-
senting to a colossal swindle for
! !, 49,,
struct and retain control of canal
across the isthmus. There is not,
that we can see, the slightest pros
pect or probability that this will hap
pen. Nobody wants the canal con-
cession. No European nation has
the least inclination to dig a ditch
across the isthmus. The complete
collapse of the Panama scheme has
taken away their appetite for that.
1t is universally recognized by them
that the United States would, in any
! event, either exercise control of a
Nicaragua canal or insist upon it's
absolute neutrality. But if they can
raise the cry that the Nicarag guam
government is about to peddle this
useless concession around among the
nations, they hope to excite jeal-
ouSy enough at home to secure the
passage of their Infamous bill next
winter. The attack which has been
resumed upon the treasury of the
United States and the industry of
its people can be met only by the
earnest and continuous protest Of
those who understand it's character,
and who are willing to fight to the
death the scheme of money-grab
bers and subsidy-hunters.
There has been, from the first but
one legitimate settlement of the Mic
aragua question. If that canal is
commercially desirable, the money
to build it can be obtained by
private effort from private sources.
If it is nationally desirable, in the
!, interest of the commercial develop
mant of the United States and for
. the safety of its maritime interests,
} then this country should build it.
pay for it. own it, and operate it
without the Intervention of any pri-