New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-14

will offer to the bill providing for the direct ap..
preparation for money for the construction OF
the canal. and limiting the cost to S1loW0ooo
The amendment provides for the construction
of the canal by the Maritime Company, and
gives the Government lien on the property. 10
be foreclosed under circumstances fully en-
umerated. Mr. Berry stated the object OF the
amendment to be TO eliminate the bond feature
of the bill. Another was to deprive the Maritime
Canal Company Of any shares OF the stock, as in
the present bill leaving the United States, Mic
aragua ard Costa Rica the only stockholders.
He said he understood Mr.. Morgan TO be willing
to have the bill amended so as to abolish the
bond provision.
Mr. Rawlins also gave notice Of an amend
ment providing that the act should not go into
effect until the United States should secure by
treaty the right to fortfy and garrison the
canal to send armed vessels and munitions Of
war through II IN time OF and to close it
against any other Nation with which the United
States may he at war
THIS GOVERNMENTS REMONSTRANCE.
AND WILLIAM r. GRACE's STATEMENT IN Be
HALE OF THE NICARAGUA CANAL SYNDICATE.
Washington. Dec. 13.-At the opening Of the
debate on the Nicaragua Canal bill in the Sem
ate to-day Mr. Morgan secured the reading Of a
letter from the Secretary Of State transmitting
| Minister Merrys statement Of his representa-
tions to President ZeIaya of Nicaragua concern
ing the canal concessions. and also a statement
made by w. f Grace behalf OF the syndicate
which has recently obtained a concession from
| Nicaragua in antagonism to the Maritime Com
pany The letter Of Minister Merry TO Secretary
Hay said:
! have the honor to inclose herewith the copy
! of nn offic letter addressed 10 President Ze
| laya confirming your cable remonstrance OF Oc-
tober % against any change In the status Of the
canal question. II Is my duty further TO inform
| you that my telegram to Consul Donaldson. re-
| questing him personally to present your remon-
| STRANGE to the President, reached him after the
option 70 the canal spectators had been
, signed but fully one day before the Nicaraguan
| Congress that was specially called TO confirm II
passed upon it favorably. am informed that It
is option for one year only but hope soon 10
! send you more precise information in reference
| thereto.
The letter to which Minister Merry refers Is
| addressed to General J. Santos Zeaya. Pres,-
dent Of Nicaragua. under date Of San Jose. Costa
! Rica October Is. and says
! have the honor to advise you that have
| this day received the following cable from the
: Government of tho United States:
! You will represent the great eXpediency Of
! continuing the present status (of the Nicaragua
| Canal question: until Congress shall have had
opportunity to act. and demonstrate against any
arrangements which may substitute new con
/ ditiOns for those now existing.
Under these instructions | have to-day tele-
1 grabbed the United States Consul at Manasua
requesting him to present the remonstrance OF
]
/ change Of the conditions connected with the
/ Nicaragua Canal concession.
| trust Your Excelleacy will decide it in the
! interests Of the country which intrusts its des-
| TIMES to your able and patriotic guidance to
| accede to the policy herein suggested. so i'm
/ pOrtant TO the future development and pros
! perity Of Nicaragua and due to the friendly re-
| lations between Your Excellency's Government
/ and that Of the United States. which it has been
my special endeavor TO promote. ] may he per-
rnitted to add my personal assurance Of a sin
! assure Your Excellency the proud record of i'm
portant and patriotic aid in opening the ocean
| highway for the worlds commerce through
| beautiful Nicaragua.
! WILLIAM L. MERRY.
MR. GRACE on THE SYNDICATE'S PLANS.
The letter OF William r. Grace is dated De-
cember g and begins by asserting that the Car
! denas- Menocal concession had been forfeited.
| II then speaks OF the Eyre and Cragin con-
! cession. and says the syndicate which obtained
1t is satisfied that it will be able to secure
! money TO complete the canal IT holds that 1t is
an enterprise from which private capital should
not be eliminated. but respecting the opinion OF
those who fear having such highway in pri-
vate hands the syndicate is willing to arrange a
, basis on which the United States Government
would control the tariffs and take part in the
| management Of the canal. Mr.. Grace submits
| the following terms;
| Inc lhteroCedhic Nd"ai COMPANY " "e VI
| Canized under a State charter. capital TO be
! S1O0.OOO.OOO with the right to issue mortgage
bonds to the amount OF SlJO,OOO,OOO at per
| cent, and a sinking fund of one-half Of per
! cent after twenty years; the United states Gov
eminent to guarantee interest at : per cent on
| so 900 600 Of the mortgage Indebtedness of the
company taking a second mortgage as security,
| the guarantee not to he given until the company
has invested S1HWUpO in the enterprise. the
| Government can appoint five directors OF n
board Of fifteen: the syndicate will consent 20
| the disbursement Of the money raised on the
| by the Government.
In closing Mr.. Grace says that the syndicate
desires to meet the wishes of the President In
every possible way and TO allay the fears OF
| people who think the great work should not be
left to uncontrolled private management.
THE PHILADELPHIA AT MANAGCA.