The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-01-23
TIE sEEATE
Passes the Nicaragua Canal Bill
Little Opposition

} completion the consideration OF the In.
dian appropriation bill. A number Of
amendments were made 10 the NicaraFu
} an canal bill and there were several shorl
speeches. There was, however, no oppo.
sition to vote when the time came. and
roll call ON 1t dveloped only six votes
In opposition 20 final passage Tho anti.
soalping bill was taken up on a vote OF
80 TO p, but no effort was then made "a
, resume its consideration. The result OF
the vote was to give II the first place on
the calendar. but the understanding IS
that II shall not be pressed IN opposl.
tion to the peace treaty or the appro-
prIation bills. The Nicaragua canal bill
as It passed. continues the name OF Mar
itlne Canal company. It provides for tho
Issuance OF 100000 shares Of stock Of
500 each The canal company Is required
to call In ell the stock issued except that
held by the Nicaragua ana Costa Ricnn
governments. The company II also re-
quired to redeem and cancel bonds and
script heretofore issued by the company
and to satisfy all cash liabilities. To en-
/ able the company to comply with these
requirements. treasury warrants 70 the
amount Of S5OOO,OOO are authorized with
a proviso to the effect that only so much
Of the amount shall be paid az shall be
required to pay the
ACTUAL CASH VALUE.
OF the rights. privileges. franchises and
property at the time OF the payment, the
value to be determined by commissioners
to be appointed by the president This
being done the secretary Of the treasury
lH aHHf fnas.vaF 900.
shares of the company's stock for the
government. The present members of the
board Of directors are to resign and
board Of seven are to be appointed In
their stead, consisting Of five on behalf
OF the United States and one each in be-
half Of Nicaragua and Costa Rlca The
directors on behalf OF the United States
are to be appointed by the president and
confirmed by the senate. No two Of them
are to be residents Of any one state and
no person who has heretofore been in
trested IN the canal company Is 70 be
appointed to this office. They are also
prohibited from being interested IN con-
tracts on the canal Each OF The direc-
tors except the president II TO receive a
salary Of 5000 q year and the president Is
70 have $1,000 All travelling expenses
are to be paid Annual reports are TO be
made. There is a provision against de-
claring a dividend except upon the net
earnings. The company Ia authorized 70
contract for the completion OF the canal
within six years. The payments are re-
strlcted to $4,000 900 annually. The canal
rs to be large enough "for the use Of
the largest sea going vessels, at cost
not exceeding the estimate OF the engi-
neers and no - exceed Sll5.O0O,OOO
PERMANENT APPROPRIATION
This amount is made n permanent ap-
proprlation FOR tie work to be used as
occasion may require. The bill gives the
government a lien upon the property to
secure the repayment of the moneys ad-
vancd and the president is empowered 10
declare forfeiture Of the property to the
United States wltnoo.v s,.--------,,tty ur
judicial or other ascertainments The
president is authorized to suspend pay
ments at any time. The president is also
authorized to secure any change in or
modification Of the terms of tine cession
either from the concessionaires or from
Nicaragua ana Costa Rica. In case Of
failure IN such negotiating the president
is also empowered to negotiate for ano-
ther requested to open negotiations for
the abrogauon Of the Clayton -Bulwer
treaty or any other treaty found to be IN
existence and standing in the way OF the
construction of the canal.
The neutrality OF the canal is guaran-
teed bu. the right TO p.otaet It against
the intel ruptlons OF business between tho
Atlantic and Pacific coastsof zoe United
States IS reserved
OTHER BILLS PASSED.
The following bills were passed:
Granting 10 the Clearwater Valley rail-
way company a right OF way through the
Nez Perces Indian lands In Idaho. ex-
tending the privilege OF immediate trans
portauon Of dutiable goods to the port
Of Astoria. Ore; granting $4,000 % Mary
a. Smith widow Of the late United
States minister ton Japan; amending an
act entitled ''An Act to provide Tor the
location and satisfaction OF outstanding
military bounty land warrants and GER
tlncats Of location under section three q
the act approved June 2. 1888
The Nicaragua canal bill was laid be-
fore the senate the pending question be-
ing upon the amendment OF Mr.. spooner
The amendment was accepted by Mr..
Morgan and was agreed TO by the senate.
II follows.
THAT II the president shai be unable TO
secure from the governments OF Nlcar-
aqua and Costa Rica such concessions
as Will enable the United stttes a. huild
and to perpetually own and consco, saii
canal, the president is authorized 10 nego-
tiate for control Of a right 20 construct
other canal connecting the Atlantis ana
Pacific oceas. and the president ~ re-
quired to negotiate for the Rbrogation
OF modification Of any and all treaty OBJ
legations. u such exist, as shall IN any
way interfere with tho construction,
ownership and perpetual control OF any
such canal; provided; That no payments
shall be made under the provisions OF this
act 20 or for the benent Of ne stock
holders OF the Maritime Canal company
or for any OF lis property unless the pres
ident shall decide 10 construct canal
under the concessions granted 20 said
compay"
PASSED WITHOUT ROLL CALL
After some further brief addresses on
points Involved TIE bill was passed with
out roll call
Among the brief talks made Just be-
fore the vote was a brlief explanation
by Mr. Tnlman OF his course yesterday
He said he had undertaken 10 delay the
proceedings OF the senate because he had
been denied this rights as a senator ana
20 vindicate his position as such. lie