New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-01
PARIS.
THE PANAMA CANAL ENTERPRISE BE-
FORE THE PUBLIC AGAIN.
sEpoRr OF COArMITTEE-ALL DEPENDS
ON THE ACTION OF THE UNITED
sTATEs-COTTONSEED-
OIL DUTY.
Try CABLE TO THE TRIBuNE.l

OIL DUTY.
Try CABLE TO THE TRIBUNE
Paris, Dec 31.-The Panama Canal Is again
orom,rentlv before the French public. i: Is
confidently predictci in financial circles hers
mat the Statutory COMMITTEES. upon whom rests
the responsibility Of deciding whether the canaI
b feasible or not will strongly urge IFS compile
lion in it's report which Is to be SUBMITTED 10
The shareholders Of the new completion COM
pany next March. Such decision has been al
eady anticipated In the provincial press ana III
circulars holding out hopes to small ana 'hrH'y
,,,es,ors throughout France that by subscrib-
ng an additional $3.50 600 900 The Panama Cana'
"a, he finished and part of the sums sunk
N the original enterprise saved AFTER the pi'-
er experience of the past. Panama is no longer
m easy name to conjure with. especially III
country districts. where the people are Ioath 10
49,, ,hrowing good money after bad. as they
ear will prove the case in this Panama 'chei''e'
RI. corv,ct,on OF leading Paris bankers ~ that
.. q, were known that the United States Govern
nan, would take 10 in earnest the Nicaragua
A.. .oroe other rival route IT would be utterly I'M
,o..,h,e 10 raise In France the money nec' ssar!
- ooun,ete the Panama Canal. 1t was eVioe"'
=, the meeting Wednesday that the HaJor'y
a, French shareholders realize that eli Iu'u'e
.oorts mus; be in vain without the suPpoi' "a
oe United States The greatest commence was
.xnressed that they would be able 10 convince
ne authorities at Washington that the Panama
,ou,e can be opened to navigation soo"ei a"o
\, less expense than any other. II IL saio ~ NC
with this object in view that Generai henry I'
Abbott formerly Of the United states Corps
~ Engineers. consulting engineer Vi 'he '""a'
ma NJ Choron. sailed to-day on the Chafhpaene
w ~aw-yo,k Meanwhile. the idea gains
IA
r.n.r,a undertaking as a purely commercial
md non political concern ike 'he oue~ .a""
,ot receive American support. 1t VIII be oHereo
- o,,,r,oh, ~ the United states Govern
S.n, 70 he finished and run as the United states
nay see At.
nh. Parliamentary Tariff Commission Is i"
.os,,, ~ protests from all parts or the country
.,,a,ns+ the proposed bill TO establish prohioi'ors
lut,es on cG.tonseed-oil. the most vigorous o"e
Ie,nr from NJ. More In behalf OF the i'o''eauN
shar,ber Of Commerce. Syndicates represe"''"7
nc Industries OF carded Wool, soap anu i
lave also pettioned Parliament 10 oppose wy
.~,a,. hin NJ. Talvarde in behalf Of the
rbamber OF Commerce OF Nantes NJ .
..,,rasent,nx the Chamber of Commerce OF Mar
~ I'D N Delourme. Of the Dankerque
rs.,,her ~ Commerce. have made counter
fdVOTiuR
'~.-..d oil but recommending that cot'onseeo
.. dutv AS cottonseed is imported INTO
-. nee exclusively from Egypt this amendment zen
'l o.',s make the proposed law still more DIS
.-.-,,ne,,ne against the United states
There ,s no doubt but that the French Cn nam,
IN ,,ote The Naval Budget OF lo'9' WHICH
IN 900. being S3JUVV more
. . last years Budget. However. this by ~, no
."a" ~.,,saes the ambition Of N. Lockroy' inc
Minister OF Marine. and the younger schooi .,
,sya, officers. for 1t betrays the ren.". ',,ansa
III pretenson to meet the bri''sn nee, ,h,or,t-
,.,,,e Its dominant feature is In swift uo'a.n
90 destroy commerce and threaten
,nss 81 communication. 1t opens unexpected op
,or,ur,t,es for sending money because recen,
s.s prov. that French coal /. not well sd.S'. I'd
- ~.tt,pr up steam. Ships that are obliged 20
ass Il loss three knots an hour IN spee1 .u'"
pared with those burning cardin coal o0"''