The herald., 1895-11-09
THE |NTEROCEAN waterway
Discussed by Engineers and By
Capitalists
THE CANAL IS TO BE BUILT
According TO Assertions of the Chicago
Evening Post
London VIII Furnish Money ami the United
States Contractors-Th Deal
Almost Completed


AssOclateu frcsS SpeClal W ire
CHICAGO, Nov. S.-The Evening Post
asserts that the Nicaragua canal is to be
built: that New York AMI London capital
vill foot the bills and American contract.
ors do the work. 1t is also said Chicago
engineers and drainage canal contractors
will have a leading part in the construc-
titn.
This has been brought about by invest
igation ma ie by rhe leading sp rits in TIE
Nicaragua scheme INTO the WORK being
carr d on in the shape CT the $50, 900, 00C
Cni1agI drainage canal. Far months
their ex erls have been investigating tbi-
work, and it is said that as a result the
moving spirits in the western works nava
been invited to visit the Nicaragua lead
ers in New York.
Tue Post further asserts that for several
months certain London tinanciers, in com.
pany with some New Workers. have been
locking into the scheme and have practi-
caly decided to back it. Between S7O.-
000, 900 and $S5, ,0c0,0G0 will be neened,
anu that amount. says the Post, has been
guaranteed.
The Post adds that while the deal has
not yet been completed, tie NEGOTIATIONS
are in a very advanced stage and almost
WI tuc NcTkc VI COlu uTlctiOhs All Pto
to secure financial aid from this govern
meat will bs abandoned, and the matter
BIZ prosecuted ms purely private enter
prise. The principal NEGOTIATIONS have
been going on, 1t is stated since the WIS.,
it of Warner Miller 10 this city few
weeks ago No ames are given in con-
nection with the plan.
WASHINGTON. Nov. s.-President
Hitchcock, who succeeded Warner Miller
at the head of the Nicaragua Canal cam
pany, called at the state department to-.
day and saw Assistant Secretary Uhi.
The visit doubtless related to the recent
report of the government comission
which visited the cauaI route.
Discussed in Convention
NEW YORK. Nov. S.-The Society OF
Naval Architects and Marine Engineers
had a warm discussion uver the Mica
raguan canal at today's session of It's con-
| vention. The question before the body
was the proposition OF presenting me-
mortal tn congress from the society ask
ing favorable action on the Nicaragua
canal project under the auspices of an
American company and the proposition
to present the memorial was defeated by
a vote OF 27 to Is. '@
Admiral Richard W. NJ ade. U. s. N.
was chairamn Of committee which had
! the matter in charge and nc made the
following report:
In the jud gment of this com mmittee it
would be proper TO direct the president Of
| this society to address such a memorial
tu the congress of the United States IN
the name of the society when the report
of the Nicaragua canal commission ar-
pointed by tbe president OF the United
States is made public. provided said re-
| port is favorable to the canal"
Tha report whs accompanied by the
draft of memorial, which follows:
i, "To the Honorable Senate and HOUSE Of
| the United States in Congress assem-
bed
"Ths Society OF Naval Architects and
Marine Engineers, incorporated under
the laws of the state O: New York.in con-
vention assem- bled, do hereby present for
this consideration OF your honorable body
the question of aiding by suitable legisla-
on befittins the magnitude OF the great
| project of any properly organized Ameri-
can cororpatinn engaged or to be engaged
| in the task Of constructing ship canal
through the erritory of the republic OF
! Nicaragua
| 1T is useless for the society to remind
| your honorable body of the transcendant
! Importance of this country's successful
promotion of such work. Apart from
its com mercal benefit to the entire civ
ilized world. it seems to US to promise
| the people of the United States the means
of cementing in closer union than now
exists the seaboard states of the Atlantic
| and Pacific; of rendering one and indi-
| visible the ties that bind the extreme east
to the extreme " est and of justifying one
of the mottoes of this glorious Union.
| 'eStO perpetual.
"Fur:hermore it seems to promise to
, our people e gagged in ocean commerce
the prospect of competing as of old in
| Amer can built ships or on more even
tern than hitherto for the great trade
! of China, made possible by the recent
struggle between that count Y and Japan
/ and it further promises to insure clos I
ties of fri. ndship between ourselves and
the Central and South American repub-
! lies, giving TO this country more predom-
| inan,e in the affairs of the American
continent which by right we thould
have, but which have been jealously con-
tended for by certain European powers.
| 'Foi these and other reasons which
doubtless occur to your honorable body.
we ask most respectfully that the Nicara-
qua Canal company, under the control oil
citizens OF the United States. may receive
| at your hsnus such consideration, sym
| pathy and substantial aid and encourage.
mcnL as YOU may deem wise and Just"
The opposition to the memorial wa,
based on the ground that it was inexpe.
| dient for the society to interest itself in
legislation and was led by Charles S.
Loring, United States navy retired.
In the absence of Constructor Phillip
Hechborn, United States navy, Secre tary
W. s. Capps read paper in which Mr.
Hechborn reviewed the shipbuilding o.
the United States navy during the pas
wear aud drew special attention to the
/ conditions involved in the design anc
| construction of warships in this country
and urged the governm ent 10 seek homo
geneity in the classes of cruisers and bat
tie ships.
Papers w,re read by W. P. Stevens or
The Center Board; by Professor W. 3
Aldrich on Engineering Research Of tn,
Navy; by Naval Constructor Albert W
Stahl on Experimntsl Test OF the AR
morrd Side Of the Iowa, and one by Lieu
tenant Nieblank, United States. navy, or
Tactical Consideration IN Warship De
signs, which treated mainly on the bes
means of communicating between til,
| coming tower and other parts OF o man