The Atlanta constitution., 1901-12-16
Panama Company Desperate.


Senator Morgan read Admiral Walkers
letter of October - last to NJ. Hutin.
and said:
1t utterly breaks down the pretention
of NJ IIutin that the United states
through Admiral Walker. was engaged
IN the effort to purchase the property
OF the Panama canal"
The conclusion with reference to this
point of the controversy is set forth in
The following language:
The motive for this unseemlv and
unprecedented misconduct must be
either that this canal company is dcs-
perat" in its purpose to unload it's prop-
crty upon the United States because the
French stockholders have lost faith in
It's success. or that il IS endeavoring to
prevent the competition of any canal
with its Panama railroad, the shares of
which they value at $500, the face value
being 500 per share on account of its
enormous earnings
Contending for the Importance of the
enterprise, Mr.. Morgan urges that no
nation nor any combination of private
interests can have any right to prevent
its consummation.
lie attributes tho failure to construct
the canal in the past to the attitude of
other nations. SAYING;
For the past fifty years the powcr and
influence of the British government aid
cd by combinations in the United States
and France. has defeated all efforts to
q
Foes of the Isthmian Canal.
Continuing on this line. he SAYS:
THAT antagonism which is an imperial
policy of Great Britain in the beginning
has become plan for gathering wealth
by levylng tolls upon the commerce of
America. and its strength of purpose will
Increase until some more powerful and
just iniucement will lead Great Britain
To relax it, grasp and permit us to take
care of our country The combinations
.ff homo aud in Ern that
ed in SuppreSsing the demands of our
industrial classes Tor "A canal to connect
the great oceans are chiefly the trans
continental railways In Canada and in
Panama aud those in the United States
eight great corporations that now con-
trol almost the entire TRANSPORTATION sery-
ice between the oceans that wash the
coasts of the western hemisphere"
In further discussing the attitude of
Great Britain. Senator Morgan saws:
THE scope and purpose OF the clayton
Bulwcr treaty, as IL was declared by
Lord John Russell. made il :he instrl-
ncnt of injustice AID repression to Mica
ragua. Costa ldc1 and other Central
American states, that has deprived them
and all Christendom of the benefits of an
American inter oceanic canal for more
than a half century. In View of thes /.
facts IL is clear that an oVerruling neces-
sity of imperial. commercial and military
policy connected wiz her policy rs tn the
Stiez canal forced Great Britain to adhere
T. the CLAYTON -Bulwer treaty as 4 means
Through Nicaragua by the United States.
,Hhile she Wo,li cpntilue to hold the
vantage ground of occupation and in
crcasing authority in the territories Of
creasing authority ~ the territories cf
Nicaragua and Honduras, which she had
agreed to abandon. Her intention to con-
trcl both canars was then evidently
iXcd
Britain's Policy of Delay.
lie asserts that Great Britain's control
or the Mosquito coast was used as a pre-
tense to hold us until she had accom-
plishcd her great policy relating to the
euez canal. I'VE WERE" he says, held
I'm the leash by British rulers until they
cnuld accomplish the control of the Suez
canal"
lie contends that Great Britair's policy
from the beginning was simply policy
of delay and that both powers have abau-
1oned the policy of the Clayton Bulwer
treaty. of which nothing remains but
an empty diplomatic technicality that
must yield to the reasonable demands of
the United States. Nicaragua and Costa
Rica for their own safety and prosperity,
and 10 :he demands of the world for a
gateway i'm Nicaragua to correspond with
that opened At Suez.
lie declares that If diplomatic efcrt to
rid the world o. the baneful dom. nation
sreSs should abroSatc il. The ma Ior por-
non of the report was made before The new
Hav-paunccfote treaty had been proinul-
gated, but in an appendix the following
reference Is made TO tnat treaty:
"If two-thirds of the senate shall rnn-
con with the government of Great Brit
ain in establishing an effective basis on