The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-22

WASHINGTON, JAM g.-Thc Senate
to-day passed the Nicaraguan Canal hiil,
decided TO make The anu-scalpins biil the
unfinished business and continued with
out completion the consideration OF the
Indian appropriation BILL
4 number of amendments were made 70
the Nicaraguau Canal bin and there were
innumcrabie short speeches during t1e
day. There was, however no opposition
to "a vote when the time came ana the
roll call developed only six votes ih o'-
position to- final passage.
The six votes against the bin were cast
by Senators Bate. Caffery. tockrclf Man
tie Martin and smith
The anti-scalping bin was taken up OH
a vote of o3 to- 81. but no effort was made
TO continue its considerations lhe eHtcl
Of the vote was 90 give it the irst place
on the calendar but the Understanding Is
that IL shall not Dee pressed ln opposii.io.h
Co the peace treaty or appropriation "l''s'
The measure 90 construct "a bridge across
the Savannah river to the mainland from
Hutchinson island was passed.
THE CANAL BILL
The Nicaraguau Canal bin ass 30 passed
contained the name of the Maritime
Company. 10 provides for The Issuance
of one million shares of stock at Sl"
each The Canal Company is required TO
cali in aU the stock issued except thal
held by the Nicaraguan and Costa tIcdh
Governments The company is also It-
ouircd 90 redeem and cancel au bonus
and Scrip heretofore issued ny the come
pauv and to satisfy all cash A1plllits.
TO enable tho company to comply WIN
this requirement tine treasury "tiIt"'
to the amount of S.Vnth are aulhoi41. '
with "a ur0vi-o 90 the effect lutt e"'f
ca much of the amount shall he pald as
the actual cash value of thc rights PRIV
ioces franchises and property 40 lhe
Inn. of fha ravmeut. the value 90 Doe de-
tcrmiued by commissioners tp n' "lp.''l'
ad hv the President This being conc
the secretary of the Treasury is auihof-
i-od 10 subscribe for e25.O0 shares oi lhe
c1mpanvs stock for the government ul
the United states.
NEW DIRECTORS.
The present members of tne n'al" ',
directors are then to resign ana o. D'"I
~ eaven is 10 De appointed ln their stead.
.oreistine of five ou behalf of the United
States and one each ln behalf ol Nl1"-
raqua and Costa Bi.a. The directors -"
behalf of the United states are TOD o.
appointed hy the President anu '-
0rrnstiou made by the Senate. NO TWO
80 tb.n lre to De residents OF amy one
state and uo person who has hei'''i'io
baen interested n The Canal conn i"s
IS fo be- appointed to this office fhel
are also prohibited from beins interested
i'm contracts on fu- Canal
Each of the directors except lio
pr.-fdcnt is Go receive ID salary OF s'tp'
Der year. and the president ls To- nay
5000. All travelling expenses are to De
paid Annual reports are required.
There is a provision against declaring
a diyidend except upon the met tdIh-
ings. ..
Tho company IS authorized TO contract
for the completion of the Canal Wllhlh
six years The payments are to poe re-
stricted TO S20V0olo annually. Ine 'anal
is 10 be large enough "for the use OF lhe
largest sea-gOing vessels an cost not
20 exceed the estimate OF the engineers
ana not TO exceed Ii5o0O0
This amount is made a permanent ap-
propriaton for the work TO Doe used IS
occasion may require The bin gives the
government a lien upon the property TO
secure the repayment Of the moneys al
vanced and the President is empowered
10 declare forfeited property To the
United States without the necessity or
judicial or other asccrtIinments. There
after fun title is to rest in the govern
ment of the United states.
THE PRESIDENT POWERS.
The President is authorized to suspend
pavments at any time The President is
also authorized 90 secure any change or
modification of the terms of the conces-
sion either from the concossionaires or
from Nicaragua and Costa Rica. ln case
of failure in such negotiations the fresi-
dent is empowered 20 negotiate Tor an
outher route across the lsthmus. lie is
further required % open negotiations lot
abrogation OF the Clayton-Bulwer treaty,
or any other treaty found TO be ia eAls'
fence standing I'm the way Of the con-
stuction Of the canal
The neutrality of the canal Us guaran-
teed but the right To protect Do against
the interruptions of business between ihe
Atlantic aud Pacihc coasts or the United
States Is reserved.
AT AGO =. A. the Senate went into cA-
ecutive session and al 4:G ADJOURNED