The evening times., 1900-07-09

I NEW YORK. July S.-The organization
Of a new American Isthmian Canal Com
pany is practically completed though its
president has not yet been chosen from
among the millionaire stockholders
The choice lies between John W Mackey
and ex-senator William 4. Clark o. Mon
tana ard New York Had Senator Clark
not suffered political humiliation he would
have been at the head Of this new canal
enterprise long before this time. He has
pledged himself % take a large interest
n the company. He is a friend and ad-
mirer Of the chief engineer. Edmond Well
man SeTreIl. L. s. E. retired
The company has been organized under
the laws Of this State with = subordinate
corporation in New Jersey that has char
ter enabling it to increase the capital
stock to $50 o00.0oG. This is done 20 bring
II conflicting interests General Serreil
had Incorporated in the charter Of The
company he organized full authority 10
consolidate all the canal schemes into one
gigantic trust that viii pool its assets
AID dig the canal a. the most feasible
po.nt-that being the one he has located
route, according 10 is promoters. are.
First. the canal is a straight sea level
route; second. Il is the shortest. being ex-
actly twenty y-nine and one-haif miles long.
IL VIII cost only $50 -GC5. coo. or less than
half the most conservative estimate for
the Nicaragua Canal; fourth. il can be
completed il five years, fifth. 10 streams.
large or small feed It, and il viii not M
up. because cut through rock from ocean
10 ocean Its annual repairs will be loui-
nal Had the anal surveys been c0mplec-
ed. the proper legislation would have been
asked before the adjournment Of Congress
Bills were prepared and ia the hands Of
senator HaWIey and Representative Hep
burn 10 substitute for the Nicaragua bill
But the proper information could not be
secured in time.
Rear AEmi-aI Walker. who is al the
head OF TIE IsIhmiaa Canal Commission.
IS said 10 have been thoroughly converted
10 the new route
The MaUdigo-Darien route is an air
line across the isthmus az point fl y
six miles due east O. Panama. All the
field work CT the survey has been doe
and complete typographical drawings
have Ssen made In practicability this
canal, IS advOce-sr say. completely Ove--
shadows all other plans, because noue Of
the extraordinary and dangerous engi-
neering difficulties Identified vi the an
e. dlld dl-a N4Nale Et4a l0AAcS exist
The Darien- Aaudigo Canal viii be a
stranght line from sea TO sea. twe-ty-nine
ard one-han miles long. Every foot OF
this distance. except seven miles. is across
low country. and the cutting viii te
through sedimentary rock, after al aver
ags OF four feet OF soil has been removed
No engineering difficulties whatever are
presented along any part OF the route. say
: the engineers. until sls&- OF the An rs,
which treyerses the middle OF the PENN
sula. is encountered There the engineer
encounters the feat o. driving a ship tun-
mel for seven miles through the blue gran
ite. With the highly improved machinery
of today this rOck-cuttiEg does not pres 1t
insurmouuIable obstacles
The bill 10 be introduced early IN the
next session Of Congress provides that
the tunnel shall be wide enough and
high enough TO admit and pass the larg-
est vessels with the tallest spaTs. II IN
dertskes TO relieve the Government o. the
care of the construction Of the canal ard
authorizes the American IsthmUs Ship Ca
nal Company "a corporation in which are
half a dozen of the weslthiest men il the
United States 10 carry on the coEstI uc-
tiOn- The company Will do the WORK. but
according to the proposed bill. the Nation
al Government will advance its credit In
consideration OF Government credit, ships
OF war and transports are to pass through