The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-20

Senator Morgan Insists That II Re Passed
or Defeated.

Senator Morgan Insists That II BE Passed
or Defeated.
Senator Morgan in his speech on the
Nicaraguan canal bin Monday, said that
the Committee on the Nicaragua Canal
was unanimous in IFS approval Of every
feature cf the til. lie was satisfied that
it was tho best bill yet presented on the
subject. 10 was more conservative and
left more power boo the hands Of the
President than amy former bill. There
was but one parallel case by which any
Judgment could be reached as 90 profits
and that was the Su,z canal. There were,
however. TWO other standards furnished
in tine United States as 10 the cost and
facility q construction and 3s 20 the
effect On an increase Of the interior COM
merce of the country. Those were the
locks Of the Sault ste. Marie and the
great drainage canal at Chicago. lie ass
serted that the Nicaragua canal would
have an advantage of 10 per cent. over
the Suez canal IN the matter Of cost OF
construction. He gave sketch or the
building of the Sucz canal and Of Dis
raelfs project Of obtaining controlling
interest in IL by tie purchase of stock;
and he mentioned. as proof OF the wis
dom Of that Investment, that the stock
which had cost the British Government
S2000.O 900 was now worth Sl2O.e0@o. The
500 shares Of the Suez Canal Company
are now quoted al $500.
In the course Of his speech Mr.. Morgan
said: If We do not pass this measure
how are we to prevent Nicaragua from
saving. CONGRESS has abandoned the pro-
iect and now tho Government Of Great
Britain has a RICH. 10 come in?' insist
on this bill being passed now or on its
being defeated right now. We have got
matters lying lust in front of us relating
TO the arbitration of differences between
the governments OF the United States and
Great Britain. | want 10 know what
those differences are. / want TO know
what we are signing our names 10, IN
ratifving this treaty il the differences
relate TO the Monroe doctrine or TO the
Clayton Bulwor treaty l want TO know
IT, And II II is 10 be- a difference involving
a disclaimer Of the great utterahce' ms
is TO be an American canal, under Ameri-
can control l want TO know II. l want
TO know whether We are prepared 10 set
tie a difference CT that KIND or diher-
ence I'm relation to the Monroe doctrine
by court 10 De erihhiAHA'N '4'' NN'r''- 49,
umpirage of King oscar or Sweden or
whether 1t is to be settled by the strength
and power Of the right arm OF the United
States. duly asserted In defence OF ITS
rights. And that is why l want TINS Dill
TO be acted en- now. 1 want to know
what Congress intends 10 do about H.
and 1 want to know after that what the
Government Of Great Britain intends TO
do about il. Then ] Will be prepared TO
understand what are the matters IN dii-
ference between the Government OF the
United States and the Government OF
Great Britain.
Give ~ this canal" he said. In cen
clusion. and with our form or govern
ment, our traditions. our purposes, ana
our prospects. aud with the influence
which We have already gathered and Will
gather around the majestic character or
the American nation We will stand over
other nations as the monument Of Wash
ington stands over the plains and this
grand development Of selt-sovcrnment
will spread its influence. not over this
hemisphere alone. but will ultimately ex-
tend to>all the nations Of the earth"