The San Francisco call., 1897-07-14
BORN IN THE HOUSE OF
ROTHSCHILD.
England, France, Germany and
United States to Control
the Enterprise.
WOULD SIDETRACK NICARAGUA A
CANAL FOREVER.
The Project Laid Before President
McKlnley-It Would Cost About
SiOO,OOo,Ooo

WASHINGTON, D. c., July 13.-An
understanding has been reached between
France and Great Britain looking to the
completion and control of the Panama
canal. Germany was invited to partici-
pate, bat owing to the Greco Turkish
IMPLICATIONS her assent mas been delayed,
though it will undoubtedly come in time.
Now an effort is being made to learn ii
the United States will come in and form
Quadruple alliance for the completion and
naturalization of the canal.
Should such all alliance be effected it
would be the most powerful for peace the
world has ever seen. Fourteen hundred
and seventy seven naval vessels, mount
ing IL, 283 guns and manned by ,6S5 sea-
men, would sand for the protection OF the
canal under the flags of the four great
powers named. They would represent a
gross merchant marine tonnage of 1885,
956, nearly three quarters of the world S
shipping, against g. us, ,676 for all the rest
OF the world.
Nathan Appleton of Boston, who has
represented the in erests OF the Panama
Canal Company IN the United States ever
since the palmy days OF De Lesseps ex-
extravaganza and the gross corruption of
the canal ring in Paris, has Just called
upon President Mckinley, in company
with Secre tary Long, who acted as his in
PRODUCER, II not his indoISer. 1t is not
understood that Mr.. Appleton has done
more as yet than present brief argu-
ment against tie feasibility IF the Nicar-
aqua canal and 10 show the benefit that
would come to the United States by hav-
ing huge contracts for construction work
hrar in tn hD do Of a ar-O m
tractors. 1t is Known that inquiries in
this direction have been quietly prose-
cuted for several months. The tremen-
dous work and wonderful provements
in dredging mach n ry brought about by
the Chicago drainage canal have opened
the eyes OF the directors of the new Pan
anna Canal Company TO the advantage of
a strong American alliance.
Ii is a part of the huge scheme 10 secure
powerful American interests through
these contracts 10 such an extent that the
Nicaragua canal project can be thrust
aside.
The scheme of the quadruple alliance
had its inception in the wonderful tinan-
cial brain winch engineered the Su canal
deal, by which majority OF its stock
came into the possession OF Great Britain.
This is the BRAIN of the house of Roths-
childs. For several years this magniti-
cent coup of high finance has been matur-
ing. The stock and bonds il the Panama
Canal Company have be.n depressed to so
low figure that they actually represent a
tangible value in the work already done
upon the canal
The most recent estimates OF careful and
conservative engineers of the highest in
tegrily have shown that the canal can be
competed with locks throu h 20 oCulebra
cut al sum not 10 exceed f20, 000, ,000-in
round figures 500 900, co.,
On this a dividend earning capacity of
per cent could b predicted on the fresh
capital and the stock in the old company
at lis present valuation, provided tnat the
millions known TO have been irAuGu. emily
taken possession OF by the canal ring and
its acc jmpl.ces can be ecalIed. The actual
financial participation OF the United
States In this new scheme is not looked
Tor, though il would be accepted with
pleasure. No more vi the Governments
of France, Germany ond reat Britain be
directly interested n q financial 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 settled by the four powers
represented. lere is nothing in the con-
Cession from the Government of Colum-
bla TO prevent such an arrangement,
VIII 'ch, N fact, will be welcomed by that
Government as securing the completion
of the canal with the least posi- bic delay.
Work has been quietly progressing on
the canal, particularly in the neighbor-
hood of the Culenra cut. for the past year
ahd half. Some 5000 em ployes are at
work and the whole canal plant has been
kept in excellent condition. Sixteen
miles of the canal is com plete on the east
side, and at no point has the work been
allowed to deteriorate.
There has been a deal of clever diplo-
vly -, a
the past year to prevent the Nicaragua
canal scheme from being carried through
Congress. Mexico, Colon bia and Costa
Rlca have been particularly active in
their opposition. The dispute over Sail
mas Bay and the mouth of the San Juan
was one OF the obs sces raised 10 block
progress on the Nicaragua project, an d
the extremely unfavorable report OF the
engineering committee sent by President
Cleveland had its weight.
Nicaragua sent one o.. her abest dipio-
mats. ID. Rodriguez, to Washington TO
see II treaty could be formulated which
would insure the active participation O.
The United States in the completion of her
canal. 1t did not take him long to dis
cover that he had undertaken a hopeless
task, and he returned home early in June.
discouraged at the prospect.
The United States has ALWAYS been ex-
tremely jealous of anything looking to.
ward European control of the isthmian
transit. The Panama Railway Company
is an American institution, chartered and
managed in the United States, although
its stock is an asset of the Panama Canal
Company. While France was permitted
to secure the privilege of building and
operating the canal under a concession to
Lieutenant Napoleon Wyse, the neutrality
of the isthmus is still maintained between
Colon bia and the United States.