The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-03-05
CANAL PROJECT IN SHAPE.
NEW COMPANY TAKES HOLD OF
THE NICARAGUA SCHEME.
From All the Data Accumulated,
Engineers Are Preparing Speci-
hcations, and When These Are
Completed bids VIII he Let.

CHICAGO. March 4-The Tribune says:
\ syndicate TO take the concessions grant
"a the Maritime Company by the repub-
lics OF Nicaragua and COSTA Rica for
the construction Of the canal is tn process
OF organization by T.. +. Cramin. of thss
city, who is now in New York negotiating
the contracts hy which toe new owners
Of the concessions granted by the Central
American republics and OF the work al
ready accomplished, Will come Into his
possession. r. +. Cooley. the engineer
who has been associated with Mr.. Cfamiu
in the great enterprise IS also Ia New
York. gathering the material for the specI+
hcatl0us, which WI be- within the next
ten days. presented 20 contractors Tor lids
on the different sections Of the work the
new syndicate for. the construction OF the
Nicaragua canal VIII soon know within
few million dollars just how much 81 is
going TO cost. finished and ready for the
passage or the first ship. rough esfi-
mate from the data az hand on the return
or Mr.. cTamn and Dir. Cooley from their
trip over the canal few weeks ago placed
the cost within S75oe0.ov0. Mr.. Cooley was
Of the opinion that as further data was
collected regarding the nature Of the cz-
cavaiion over q part of the route, the
cost might be cat down 30 So Goo 800 This
is far inside the estimates which have
OF the Maritime Company for government
AID.
The preparation OF the specifications for
the contractors has been as thorough as
the data in eX .sienCe permitted. Mr. Coo
ley secured all the material collected by
the engineers for the Maritime Company.
lis then took the REPORTS Of the cJmuis-
sion from the United states engineer corps.
and 10 these he added ali tie material so
-
the route and AZ the capitals Of Nieara-
qua AMI Costa Rica. Immediately upon
his returu from his trip OF .r ctton Il
force Gf engineers vas SCI % work ur1e-
hls direction digestlHe and bringing into
FORM this mass 81 material. Just prior
20 his departure for New York be iuU-
mated that the specifications were y
nearly completed that Ia a short me they
would 60 into the hands q the contrart-
o-s FOR bids. Bonds VIII 5e required wtth
an bids. and when the figures have }yeen
added fer the first time ln all lhe years
That men have been trying 90 join TIE
Atlan-Ic ard Pacific by ship canals IL w3j
be known somewhere near tne act0si fig
lr~s just how much the s0rk Is going 10
cost lie said
The Nicaragua canal e being treated
as business prapes. 4on Our p@9-
PIE aaut to KNOW - here tns tolnE ls
going 80 end when they begin p4' ia
their money We are EosA& 20 f@it tfrf1i.
The IL no great TnE NfeelolI~ thtng - c29tai
tru4Ielr.w tnsf IL should nor he determined
aDpr0~ u1atelE vi bat a canal Us Eo4AS 70
Cu~f. * engineers are Apa*Hl enough tg So
tignate properly The NoTk lore iheHi.
The construction Of the lAnois or sra e =
canal has educated The co'ft f@etff' p 20
ctd inst work. ana tneF Know 1ta1 Ait&t
10 expect ca tne N3eaTagua canal 'Eae.r
renresents rlges haVe hseu oger tae sy1uoa,
every feet ~ tt- Ines nave 80 4o4e8 elt~
Yaatical condition. learned what tneir