The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-21
NICARAGUA CANAL.
Opposition to Any Subsidy to Private
Corporation.
Is A GOVERNMENT ENTERPRISE
Purely,sR Is Commended by Many Con.
ereSSmen.
A BILL WITH THIS OBJECT IN VIEW
has Been Submitted by the Committee to
the House.
Mr.. HAWlEY INTRODUCED TUE MEASURE
1t Is an Adaptation of All the hills,
but Approprintcs S1I5,O00, 900
for Doing the Work.
Mr.. HAWlty INTRODUCED TUE MEASURE
ts,,oolal Dispatch TO The rost.)

| Washington, December 20.Senator Cit-
ferry today addressed the senate in opposi-
ton to the Morgan bin providing for gov
erlment aid to u private corporation in
| building the Nicaragua canal
| 1t has developed liz the senate discus
sion that there is a decided maiorsty on
both sides Of the chamber In favor OF the
United States procuring newer and broader
concessions from Nicaragua and then pro-
ceeding to build the Nicaragua canal MS 1t
would any river and harbor Improvement.
The Maritime Canal company mask is not
neltshed, and many senators fear that
frauds and scandals are bound to creep in,
which must be prevented if possible. Not
the least point OF objection 10 the present
concession lies in the fact that any differ
ence of opinion over the forfeiture of the
concession next October must be determined
by arbitration. and the concessions lapse
in nlnety-nine years ami may be only en-
tended for that period by the consent OF
Nicaragua, which country would then be-
come the entire owner of the canal and all
othsr improvements. This last point prom
ises to work against all canal blls in tho
house, as well as the senate, and there Is
MO doubt that some action VIII be made to
secure an extension in case any bill pro-
viding for the canal is passed.
Mr.. Hawley OF Texas today introduced a
bill TO amend the act incorporating the
Maritime Canal company. 1t has been ap-
proved by a majority OF the subcommittee
of the committee on interstate and foreign
commerce.
1t is an ADAPTATION Of the Barham BILL
witch some additions from the Morgan and
Hepburn Caffery measure.
Tie bin provides for the wiping out of
all personal stockholdlpg IN the canal, and
appoints a commission to discover the ac-
tual ouulay of the present company, which
shall be paid in an amount not to exceed
s., 600. 600; 925, 900 shares of the stock com
rany shall be issued for the United States,
60 000 to Nicaragua and 5000 TO Costa
Rica. Each of these governments shall
have one director and the United States
nine. Atter providing that the Maritime
Conal company, with the consent OF the
president viii contract for the construc-
tion of the canal the bill apDropriates $ll5,-
100000 for carrying on the work.
Tee bill further provides that at the dis
erection cf the president the canal may be
constructed under the SUPERVISION of the
engineer lepantment of the army. and per-
mts three engineers to enter the services
of the company TO take charge of the work.
Section ~ OF the bin prDyides that the
president is authorized to arrange with
Nicaragua or Costa Rca any change or
modification in the terms of the coneess on,
and right there it is expected that the full
will put in a mandatory sentence
imposing upan the president the duty OF
canal before any moneys are expended. The
bill closes with declaration of the neu-
lralgty of the canal and its use BY all ma
items uDon the same terms. In case any
ratian may be at war with the United
States the use of the canal Is denied such
nation and tie right to protect the canal
IS reserved by this county
The company 10 forbidden TO ISSUE bonds |
The president may noininate with Costa |
RIGA and Nicaragua fer any changes IN |
he terms OF concession thought desirable. |
IN consideration Of the provisions OF this |
let the company shall call in and cancel |
III the capital stock except that reserved |
or Costa Rica and Nicaragua and shall re- |
lean all bonds. etc Five million dollars |
$ provided to carry out this provision.
THE PANAMA CANAL,
sneoiai Gable Dispatch to the New York Her
aid and The Houston Post. Copyrighted. !
~ Rpuugtt.b