The herald., 1897-07-14
For Completing the Pana-
ma Canal
AMERICAN MONEY IS NEEDED
TO SUPPLEMENT FUNDS OF THE
EUROPEANS
The Rothschilds Dreaming Of Quad
ruple Alliance Embracing ALI
the Earth's Great Nations =
Associated Press Special. Wire.

Associated Press Special. Wire.
NEW YORK, July is.-A special Ia
the Journal and Advertiser from Wash-
reached between Frarre and Great Brtt-
ain looking to the co mpletion and COM
troll of the Panamey canal. Germany
was invited to participate; but, owing
to the Graeco-Tur kisf complications,
her assent has been delayed, though it
will undoubtedly come in time. Now an
effort is being made to learn If the
United States will come in and form =
ouadruple ALLAN ce for the completion
and naturalization of the canal.
Should such an alliance be effected, 1t
would be the most powerful for peace
the world has ever seen. Fourteen hun
dred and seventy-seven naval vessels,
mounting Is ,2s3 guns and manned by
1855 seamfAn, would stand for the pro-
lection of the canal under the flags OF
the four great powers named. They
would represent a gross merchant ma
rine tonnage of Is, 3SS, ,965, nearly three
quarters of the worlds shipping, against
6,71S,676 FOR all the rest Of the world.
Nathan Appleton of Boston, who has
represe nted the interests of the Panama
Canal Company in the United States ever
since the palmy days of the De Leseeps
extravagance and the gross corruption
of the. canal ring in Paris, has just called
upoE President Mckinley, in company
with Secretary Long, who acted as his
introducer, if not his indorser. It is not
r TO- IL
mare yet than present brief argument
against the feasibility of the Nicara-
g,lan canal and to show the benefit that
would come to the United States by hav-
ing huge contracts for construction work.
! thrown into the hands of American con-
tractors. 1t is known that inquiries in
this direction have been quietly prose-
cuted for months. The tremendous
work and wonderful improvements In
dredging machinery brought about by
the Chicago drainage canal have opened
the eyes of the directors of the new Pan
anna Canal Company to the advantages OF
a strong American alliance.
1t is part of the huge scheme to se-
cure powerful American interests
through these contracts, to such an ex-
tent that the Nicaraguan canal project
can be thrust aside. The scheme Of the
quadruple alliance had it's inception In
the wonderful brain which engineered
the Suez canal deal, by which majority
of its stock came into the possession OF
Great Britain. This is the brain Of the
house of Rothschilds.
! The most recent estimates Of careful
| and conservative engineers of the high
est integrity have shown that the canal
| can be completed, with locks through
to Culebra cut, at sum not to exceed
$40, ,OO0000-in round figures, $100, 900, 900.
The actual financial participation Of the
United States in this new scheme is not
looked for. though it would be accepted,
| to be sure. No more will the govern
ments of France, Germany and Great
Britain be directly interested in finan-
cial way. The capitalists of London,
Paris and Berlin will take all the new
stock which may be issued, leaving the
diplomatic questions involved to be Set
tied by the four powers represented.
| Work has been quietly progressing on
the canal, particularly in the neighbour
| hood of the Culebra cut, for the past
year and a half. Some 5000 employees
are at work, and the whole canal plant
has been kept in excellent condition. Six
teen miles of the canal is complete on
the east side, and at no point has the
| work been allowed to deteriOrate