New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-04
THE NICARAGUA CANAL.
VIEWS OF LYMAN F. COOLEY-COsT LESS
THAN ANTICIPATED-wHY GOVERN
MENT SHOULD TAKE UP


Chicago. Aug. s.-Lyman f. Cooley, the we'll
known civil engineer. after visit East. and
conference in New-York with representatives. OF the
Maritime Canal Company. owners or all the rgh's
and concessions along the proposed route OF the
Nicaragua Canal. believes that the Government OF
the United States will construct the great water
way In preference to letting the contract to private
companies or CORPORATIONS Mr.. Cooley says that
on this important point the complexion OF the
Nicaraguan Canal matter had changed perceptipiy
since last winter. when he with party OF en-
gineers looked the ground OF the future
enterprise
When dispatch from Washington. stating that
Admiral Walker OF the Canal Commission. has
received a number OF reports indicating that the
cost OF the work will be much less than hitherto
estimated shown to him. Mr. Cooley gave a
list Of the discoveries which. he believes are
responsible for Admiral Walkers opinions They
are:
Six miles Of dredging In the lower end Of Lake
Nicaragua
Non-existence Of rock In San Juan River to Toro
Rapids.
Good foundation for immense dam at ochoa.
Favorable conditions for entertainments at San
Francisco Basin.
New site for dam at Tanbor Grande.
According to the estimate Of the formulator a
saving OF several million dollars Is represented In
these Items
The expenses incurred by the Government In war
and the rapidly developing indications that the
Nicaragua Canal can not only be constructed more
cheaply than at first imagined. but ought 10 De
built by tho United States ara conspiring he In
Inmates to assure the waterway connection be-
tween the Atlantic and the Pacific within few
years
president Mckinley" said Mr.. Cooley and many
OF the leading members Of Congress now appreciate
more than ever before the supreme importance Oh
this canal to our country. Senator Morgan saiu
hat ha
practically clearssu the question OF immediate
necessity OF the Nicaragua Canal. 1t Is Ques-
ton. however. whether or not Congress VIII Dc
| able to pass the proper law. or take the proper
action at tho short session beginning In the ran
| to enable the work to be begun at an early date
| tremendous Undertaking. though it may take seven
years to do It. The Maritime Canal company nain
ppa any, it is Understood will take 10000 in tho
s,Gek 2 36r anS from Sat the s
validate it's bonds The company bought 9u, ,,a an
% soSG6oC Is SAID 10 nave FND''DN o..,,.
THE Maritime Canal Company. was then orss an.
canal undertaking. but had to quit the " orr,
The company is perfectly right when sa ~ take
up the canal project now. since congress mas pu.
It's hand in the matter and when mere IS stiTS
| likelihood OF the Government building inc d'cn
itself. ,,.su,o. g., Tho wav o.
an early opening Of the narrow strip OF ana n Oe
| tween the two great oceans Again; IL Is n s
definitely that the Commission VII be reaay
with its report while the short session OK d a
is held. The report may be suom'tted ana my
vast difference Of views as 10 wna o othsr
canal advocates appreciate these Things. put un1
manifest broadening Of the scope o, our o s,roDgy
| that none can see any obstacle large enough 10
the construction Of what WI DE an states
| in time OF peace and in time OF war