The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1895-01-31
NlCARAGUAN CANAL.
he Bill Passes tho Senate Plcdging Uncle
- Sam RI the Amount OF Ss0,OOC,O0O.

The lSitl t2SSeS tu0 Scuhtc iSNr 'S SA'~A~
EE Sam to the Amount OF Ss0,0OC,OoO.
WASHINGTON, Jan. "6.-The long par
liamentary struggle over the Nicar'
augua canal bill came to close in tho
senate Friday, and the bill was passed
BY vote of 81 yeas to y nays from
. o'clock in the afternoon until tho
time was consumed in discussion in
which the speeches were limited to five
minutes. 1t was sometimes carried on
in q pretty angry fashion, but nothing
very important or interesting was said
on either side of the question.
Ats o'clock the talk ceased and tho
voting began, the result Of the first
vote indicating safe majority for the
bill Several amendments were ac-
cepted by Mr.. Morgan dem, Ala.),
who had charge of the bill, and were
agreed to. rs matter Of course.
The most important amendment was
one which was offered by Mr.. Frye
rep, Me-, and which was amended on
the motion of Mr.. Wolcott (rep., Coi.)-
This dual amendment requires tho
work OF canal construction to be di-
vided into sections and to be given out
on contract to the lowest bidder, after
advertisement, the aggregate award not
to exceed the amount of $70,00O.00o
1t further requires that all material
be bought in the United States.
The substitute offered by Mr.. Turpie
dem. Ind, requiring preliminary
survey and estimate, and report on
the practica bility of the Mcnocal route
was dcfeated-yeas %. nays 90. And
finally the bill was passed by major
ity of ten and will now be sent to tho
house OF representa- tivcs for the action
OF that bodv
The vote was as follows:
Ycas-Aldrich, Allison, Burrows
Butler. Cameron, Chandler, Cullom.
Faulkner, Frye, Gallinger, Gibson, Cor
man. Hale. Iioar, liunton, Lodge, Nc.
MILAN, Henderson, Mitchell (Ore.),
Morgan, Murphy, Platt, Power Pride
hard, Proctor, Pugh, Ransom, Squire,
Walsh, White and Wilson.
Nays-Allcn, Blackburn, blanchard,
Gallery, Call, Cocllrcll, Daniel Days.
George Gray, Hill, lrby Jones CA t.,
Kyle, Mills, Palmer, PETER, PettigrSw,
Turpic, Villas and Wolcott.
The following are the pairs: Mcssrs.
Brice and Berry, Dolph and Coke, Dix
on and McLaurin, Dubois and Smith.
Gordon and Martin, Sherman and
Lindsay, Higgins and Mcpherson, Ca
rcy and Mitchell (Wis.). Quay and Pas
co, Perkins and Roach. S,noup and
Teller, Washburn and Vest, Morrill,
and Voorhees,, Hawley and Bate, Jones
(Ncv.) and Harris, Camden and llans-
brough
Present and not voting, Mr.. Stewart.
The bill as passed provides that the
capital stock of the Maritime Canal
Co., of Nicaragua shall consist of | .0O0-
600 shares of $l00 each; it authorizes
the company to issue 3 per cent. bonds
TO the amount of $40, ZOO, 600, which
|. shall be indorsed and guaranteed by
the treasurer Of the United States and
shall be secured by a first mortgage on
all the property of the company.
The interest TN these bonds is to be
paid by the company as it falls due,
and on failure to do so, is to be held
to pay per cent. interest to the Uuited
States; and such default shall also
bring with it the right of foreclosure
and sale.
In consideration of the guarantee
the United States is to receive S70,0O0,-
600 in stock of the company; Sc, 600, 900
of stock is ts go to the government OF
Nicaragua, $l,50O,O00 to the govern
ment of Costa Rica, and the remaining
S22, 100000 is to go to cxtinguish former
issues Of stocks and to the construction
of the canal.
Ten of the fifteen directors of the
company arc to be appointed by the
president of the United States, with
the advice Of the senate.