The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-01-21
SENATE PROCEEDINGS.

rarIy IN the ABSENCE Vi se""' '"''
egted in the subject.
-
SENATE PROCEEDINGS.
waab;noton Ian 10-In the senate to
~ III, - ,tai,o .ol,od I'm n hill
Wy MT ii"'e VI wan. a
Bsviding for the organization OF nav"
iattalion in the District Of Columbia
IN. AuI ,,os ,,ooso,
D' ""' p"'' ,,;,. hu;,d;ro
A bill was passed Tor pup'ic pui'''nE
ID Altoona, Pa, to cost S125,OOO, for The
..ornoration of the American instructors
- the deaf
At2 O'clock the subway resolution was
a,snlaced by the Nicnraguan canal bill.
nr Turnie Gdem.) of Indiana took tn,
aser TO make a speech against tn,
.,easurc. Mr.. Turpie said the story OF
CONCESSIONS and attempts to construct tn,
eo,aI was mentioned after all previous
attempts had failed. There was nothing
crtraordinary in this bill which would in
sure the success of the project. Tn,
e.ormons profits to he gained by the
suecessfuI operation of the canal had
heen snoken of. Not n fnancicr in any
navt az the world would consider tn,
S~,ien. This. he said. was an outcast
q begear. n pariab among enterprises
Ne private money would be invested IN
il. although il had been widely advertised
the world over. The stocks and bonds
Fl the construction company, if the ap
propriation were made. would have d
commercial value. The stock of the
NjenraQuan Canal company, depending
for value upon the completion of the
project. would be worthless. The funds
for the Panama canal system Of De Les
sens were raised by n levy on the plain
people OF France. Their credulity was
rewarded by the failure of the enter
arise. Neither De Witt Clinton, Van,
Seryilt nor Kelly had asked for govern
rncnt aid. This IL the first time an in
solvent company has asked congress for
500, 000, 900 to carry on project which
can not become completed. They wanted
the money on general principles. The
projectors had asked for an act Of in
corporation from congress. They had
represented that there would be no diff
Guilty in disposing of the bonds. London
and Paris were thirsting for them. The
company was incorporated. The gov
eminent was to be In no wise responsible
in n financial or other manner. This
Mr.. Turpie said, acted az an cstoppel of
the demand for an appropriation or there
was no virtue in the English language
From its inception the project was dis
credited. The three sigllatory powers to
the concession distinctly disclaimed re-
sponsbility either directly or by guar
antee. He was not in favor of making
reimbursement SO spent when il was
shown that four times tho necessary
amount had been sunk, II was robbery
He questioned The right of The Govern
napt TO guarantees the note of citizen
Of the United States, as was sought 10
Sc done nov Thc cons,;tnt;on III ~
authorize such action. Only once have
we guaranteed the note Of citizens in
the ease of the Pacific railway comma
aies, which owe the government SInO
coo, 1000 Would il NOT BIO we'll he said
to wait until we recover tb"t heforo 49, ur
guarantee any more such bonds There
was a great similarity between the two
projects and he feared tho outcome would
be the same-a loss 10 the government
The canal, IL built. should bc hnilt hv
authority of congress- through the Coz.
rotary of war If il Ia ever constructed
a military force will hive In no stationed
there 10 protect II aom nnhl;c cnew;os
and private malice. II will h. n nii;'
tary md strategic noint How ho
asked. could this be- reconciled Win ny
vate ownership? or the eleven dircctnrs
,Ssv;ded for .syon uo,I, w. 5;un,,'.
feur might be impartial '''''
Before closing Mr. Tnrni. Stated ,ho,
he had discovered that the Soyernr,n,,t