The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-10-29
IsTHAIlH CANAL
IS HOW | CERTAINTY
So Declares Senator
Morgan of Ala
bama.
PRESIDENT APPROVES NEW TREATY
WATERWAY is AS IMPORTANT
TO THE COUNTRY AS ARE
THE RAILROADS.
PRESIDENT APPROVES HEE TREATY
President of the Panama Canal Com
pany Reaches Washington and
VIII Endesvor to Negotiate a Sale
to the United States.

WASHINGTON, October 16.-"Pres
ident Roosevelt said today that ther'
is new isthmian canal treaty ant
that it would go to the Senate viii
his personal approval"
This statement was made tonight
by Senator Morgan, who today had 4
talk with the President about the
canal and other matters. Continuing
Mr.. Morgan said:
My conviction is that the isthmiar
canal is certainty. Nothing can pre-
vent IL. 1t is a fixed fact The cana
is just as necessary to the commerce
of this country as are any of the rail
way systems. One might just as vel
suggest the removal of the Pennsyl
vania or New York Central railroad
as to suggest that a canal across tie
isthmus should not be built There Ii
but one route practicable. and that
is the one through Nicaragua"
Senator Morgan's attention was
called to the fact that Mr.. Hutin, the
pany. had arrived here to submit. II
was believed. proposition for his
company to the Isthmian Canal Com
mission. Mr.. Morgan said:
For several years past the Panama
Canal Company has been talking ci
making some proposition for the use
of its route, but | cannot see how any
thing they may have to say can at
feet the situation. as it appears to me
as Well as to others who have given
the ubjsects study. that the Mica
ragua route is the most feasible and
practical one"
Mr.. Morgan pointed out that as Mr.
Roosevelt was opposed to the Hay.
Pauncefote treaty and he approves OF
the proposed new treaty, the latter
must be radically different from the
Hay-Pauncefote convention
NJ Hutin, the president of the Board
of Directors of the Panama Canal
Company, arrived here today, and ii
is understood will make to the 18th
milan Canal Commission a proposition
from his company for the transfer oil
its rights and property to the United
States. M. Hutin declined to discuss
the forthcoming negotiations with the
newspapers.
NJ. Hutin was accompanied from
Paris to New York by M. Jules Boeuve
Chancellor of the French Embassy al
Washington. With NJ Boeuve. NJ
Hutin visited formally Rear Admiral
Walker this afternoon. The arrange
ments were then made. however. for
an official call tomorrow on Rear Ad-
miral Walker At the conference it is
probable that Senator Pasco. mem
Der of the commission, will be pres.
emit
At the Colombian legation it was
stated tonight that Colombia had Civ
en- permission to the Panama Com
pany to transfer its property to the
United States. Ii was stated tonight
that the Panama people consider the
valuation of their property by an In
fluential member of the commission
as very small That member stated
that he considered S35.000.000 fair
price This creates wide gap be
tween what the company considered q
valuation three years ago when NJ
Bonnardel. speaking for the com
pany. said that the assets were worth
NOR ethan 100000. 900.
A member of the commission said
today that he had no idea that the
company would make any very large
concession and that in all probability
the sum TO be asked would be great
deal more than sS5.000.000. and that
an imuasse at the outset would be
created. II is probably a fair infer
ence that NJ Hutin's valuation is from
SIS 900 600 to s70.000.000. Such fig
ures as these. 1t is morally certain
10 - to- 10, {
to be sidetracked early.
Increased Cost OF Canal.
CHICAGO. October 20.-A special
to the Record-Herald from Washing
ton says: Two hundred million dol
lars is TO be the cost Of the Nicaragua
canal. according 10 estimates carried
in the report which the Isthmian
Canal Commission, of which Rear Ad-
miral Walker is president. viii sooE
place in the hands Of President Roose
welt. While the commission believes
that in practice the actual cost of the
work can be made TO approximate
these official. estimates. the members
Of the commission are not willing to
stake their reputation as engineers
upon the assertion. They win poin;
ont that the estimates have been made
with great care. after thorough sur
veys and borings. and with liberal ssti
mates for contingencies: but they also
call attention to the fact that no work
of this magnitude has ever been com
pietted in tropical countries. and that
therefore. no basis exists for sccst
rate comparisons
Some surprise viii be felt through
out the world when It becomes known
that the commission places its estf
mate OF the cost as high as 500 900.
co., Every new estimate for the
Nicaragua canal carries larger figures
than It's immediate predecessor.
Nenocal. engineer of the old Maritime
Canal Company. thought the Nfcara
gaa route could he finished for $50.
coo .0fa or 10000 0e0. In its Drelimi-
nary report Of two years ago the pres
snt commission made an estimate oil
Sis 600 coo. though Colonel Hams OF