The Caucasian., 1897-07-08
ABOUT
ANNEXATION.
Some Of The Big Capitalists
That Are Interested i'm The
Scheme.
MORGAN'S INTERESTS

S.cnc ocean Cable Company. Nicarau-
80. Canal Company. and Sugar specu-
,.,or, rnt.rested-wh EIkIns IL Inter
..ted.
The plan for annexation of Hawaii
khich is being 80 ardently advo-
sted by some of the patriots at
is q scheme for robbery
Ireater than any ever conceived in
he history of the world. The sugar
Eust scandal dwindles into Insigf-
snce when compared with this latest
k,,smpt at statesmanship. The su
Nv growers of the islands, of course,
re IL favor of annexation, but there
10 5ther,. Among them arc the
rolectors Of the proposed Pacific
cesp cable between the United
tstes, Hawaii, China and Japan,
tho desire that market value
HAL Immediately be given to their
resent paper capital of ten millions,
md the Nicaragua Canal Company,
eares the United States TO sub
|crlbe to ]7O,000,000 worth of its
|tock.
From the day that Mr.. Mckinley
inferred the White House he has
cen subjected to pressure to iudu
i'm to take this step. Senator
tepben b. Elkins of West Virginia,
brmer Senator Warner, of New
ork, aud former Secretary OF State
ohn W. Foster have formed the
bef lobby that has been working
the president in favor of annexa-
on.
John w. Foster has been for some
me the counsel for the Dole gov
|nment of Hawaii which has been
essng so strongly for annexation,
cause there was no reason to be-
ve that il could not be re elected
power. Mr.. Foster has occasion
y in the past rendered special
rvces to Mr., Elkins and knowing
EN- TO be interested in the pro-
sed Pacific Cable company, it was
ny natural that the two should
ia forces.
Warner Miller the president of
Nicaragua Canal comp any, was
ought in rs the third member of
distinguished lobby on a mutual
advantageous basis. The canal
piect has considerable strength in
ngress, much of which Mr.. Miller
build probably be able to throw to-
Irds Hawaiian annexation and on
other hand, Mr.. Miller was quick
Bee that with Hawaii a part of
United States another strong ar
ment would be secured in favor
building the canal so as to re-
e the time between this country
~ its new possessions in the mid
cifc.
he project was we'll under way
ore Mr.. Foster departed on his
seal mission to Europe. Messrs.
ins and Miller with the cooper
bn of the accredited representa-
Ps of the Dole government, have
Pc been carefully coaching it to-
DDS completion.
he principal capitalist interested
b Mr.. Elkips in the Pacific Cable
ppany is j. Pierpont Morgan,
is director IN the Cable Com
y. The company was incorpor-
In New York December 10,
5, with a capital stock of $lO0, 900
ided into 1000 shares, the first
e openly during the following
bth.
ia January %, 1896, a special
ting of the company was called
10. 81 Wall street, New York.
Morgan's name being signed to
call as one of the directors. At
meeting his financial ability de-
pstrsted itself. 1t was decided to
fease the capital stock of the
ppany from 100000 to $40 ,0O0-
and the number of shares from
v to lO0,00 In certifying to
result of the meeting the chair
aud secretary say: ".And we
further certify that the amount
he capital of said corporation
haIly paid in is nothing, no call
let thaving been issued by the di-
Fors of said corporation to the
eerbers of the stock thereof, and
the whole amount of the debts
liabilities of the said corpora
is nothing, and that the amount
'hlch the capital stock of said
poratlon is increased is ten mill
dollars.
avlng thus increased the cspi-
zston without having paid in
the company came to Washing
aud asked Congress for q subsidy
10000 a year for twenty years
elp them lay the cable. A bill
this purpose is now pending IN
gress.
ssociated with J. Pierpont Nor
as director of the company are
es A. Schryser, J. Kennedy Tod,
lund Il. Baylis and G. S. Bow
IL they can assist in bring
about the annexation of Hawaii
expect that their stock, now
IN no more than the paper upon
ca is printed, will at once as.
e a definite market value. Hence
Elkln's interest as q stock hold
helping the Hawaiian annexa.
lsts.
pc Nicaragua canal people
Jed by Warner Miller have ar
more direct interest in seeing
'all hacome part of the United
es. Their canal would then be
almost necessity, and the in
ee of the government would bt
with Congress to induce tn,
oprlation of enough money tc
Inc enterprise on it's feet ant
all Its promoters rich.
lhe face of such condition
gress will hardly dare to ratif,
treaty and face public senti
LUX and W0atArn W. 1C ale Cuf