San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-07-13
THE FOUR GREAT POWERS OF
THE WORLD ARE TO
JOIN HANDS
England, France, Germany And I'm.
Gle Sam To Build And 0per-
ate The Gigantic Waterway
Through The South Amer
lean ISthmuS.

New York, July 13.-A special to the
Journal and Advertiser from Washing
ton says:
An understanding has been reached
between France and Great Britain
looking to the completion of the Pana-
ma canal. Germany was invited to
participate, but owing to the Greco
Turkish complications, her assent has
been delayed though it will undoubt-
eddy come in time. Now an effort is
being made to learn if the United
States will come in and form a quad
ripple alliance for the completion and
naturalization of the canal.
Should such an alliance be effected
it will be the most powerful for peace
the world has ever seen. Fourteen
hundred and seventy-seven naval ves-
sells, mounting 1928 guns and manned
by 17S,6S5 seamen, would stand for the
protection of the canal under the flags
of the four great powers named. They
would represent a gross merchant ma
rine tonnage of 1S,3SS,676 for all the rest
of the world.
Nathan Appleton, of Boston, who has
represented the interests of the Pana-
ma canal company in the United
States ever since the palmy days of De
Lessep's extravaganza and the gross
corruption Of the canal ring in Paris,
has just called upon President McKin-
ley in company with Secretary Long,
who acted as his introducer, IL not his
indorser. 1t is understood that Mr.
Appleton has done no more as yet than
present brief argument for the FEAST
bility of the Nicaraguan canal and to
show the benefit which would come
to the United States by having huge
contracts for construction work thrown
into the hands of American contract
ors.
1t is known that inquiry in this d.
rection has been quietly prosecuted for
several weeks. The Immense work and
wonderful Improvements in dredging
machinery brought about by the Chi
cago Drainage canal have opened the
eyes of the directors of the new Pana-
ma Canal company to the advantage
of a strong American alliance.
1t is a part of the huge scheme to
secure powerful American interests
through these contracts to such ex-
tent that the Nicaraguan canal project
can be thrust aside.
The scheme of the quadruple alliance
had it's inception in the wonderful fin
ancial brain which engineered the Suez
canal deal by which a majority of it's
stock came into the possession of Great
Britain. This is the brain of the house
of Rothschilds. For several years this
magnificent coup of high finance has
been maturing.
The bonds in the Panama Canal COM
pany have been depressed to so low a
figure that they actually represent a
tangible value in the work already
done upon the canal.
The most recent estimates of care
full and conservative engineers of the,
highest integrity have shown that the
canal can be completed with locks
through the Culebra cut at a sum not
round figures 500, 900. on this
basis dividend earning ca
pacity of four per cent. could be predic-
ated on the fresh capital and the stock
in the old company at its present val
uation, provided that the millions of
bonds known to have been fraudulent
ly taken possession OF by the canal en-
gineers and their accomplices can be
cancelled.
The actual financial participation of
the United States in this new scheme |
is not looked for though it would be |
accepted with pleasure. No more will |
the governments of France, Germany |
and Great Britain be directly interest |
ed in a financial way. The capitalists |
of Paris, London, and Berlin will take |
all the new stock which may be issued |
leaving the diplomatic question involv-
ed2to be settled by the four powers rep
resented.
Work has been quietly progressing |
In the canal, particularly in the neigh
borhood of the Culebra cut, for the |
past year and half. Some 5000 en-
ployes have been at work and the
whole canal plant has been kept in ex-
sellent condition. Sixteen miles Of the
sanal is ccnplete on the east side and !