Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-07
MAY PURCHASE
PANAMA ROUTE
Canal Company Announces Its
Terms of Sale,
PRICE TO BE AGREED UPON.
Colombia Modllles Conditions OF Com
cession-Nicaragua Commission
Makes Report.

New York, May I'm order to re-
move the objection raised by the
lsthmian canal commission, the Pana-
ma Canal company. with the approval
OF the Colombian government, says the
Washington correspondent of the Her
aid, has announced the terms upon
which 1t viii sell the Panama canal
to the United States. The letter con-
tanning its proposition was submitted
TO Rear Admiral Walker, chairman of
the commission. by DR.. Martinez Sn.
va, Colombian minister.
No price is set by the company for
Its property and franchise. 1t suggests
the appointment Of appraisers-one by
the United States and one by the com.
pally, these TWO appraisers to select a
thlrd-the estimate of the board thus
formed. to be final. No conditions
Whatever are attached to the proposal.
IL ~ clean offer, and il is expected
by advocates OF the Panama canal
route mat II will have an important
effect upon the final recommendation
Of the commission
The concession of the company con.
tains a provision" Senior silva said
under which 1t becomes forfeited the
moment the company enters into ne
gotiations with foreign govef'i1ent
Tor the transfer Of It's rights. before
the submission OF the preliminary re-
port OF the commission il did not hayA
the permission OF the Colombian gov
eminent 10 enter into negotiations with
the United States and NJ. Hutin. pres.
ldent OF the company, was therefore
unatle to announce the terms upon
when the concession might be sold, In
ts preliminary report the commission
referred to his inability to make n
proposition and placed stress upon II
as an Important objection IN the way
OF me acquisition by the United States
Of the canal
The Colombian government. DESTROYS
qi removing all obstacles In the way OF
Amt r!csn construction of the water.
way has given permission to the COM
pahy TO state the terms upon which il
Is willing to sell"
The Walker commission estimated
the value Il the work done ana tho
property Of the Panama company a,
about ISi,CO000O. Something. ID ls he.
lleved b. the company. should be paid
Tor its franchise ana for the work done
solving the various problems in connec.
ton with the construction OF the canal
All TINS Is a matter however for the
BOARD proposed TO be formed under its
proposal in case the United States de-
termlnes TO complete the Panama
waterway.
NICARAGUA CANAL COMMISSION
New York, May THE Tribune
says
II Is understood that the engineers
who have been making test boring,
and surveys for route FOR the Ncara.
qua canal, some " whom have inst
arrived here from Greytown, in charge
OF II. f. Dose, division superintendent
Chief Engineer Imbrie Miller Mir
Reardon, superintendent OF borinps
and about twenty assistants. the last
of the party being expected here I'm
about two weeks on the steamer Alene
believe that n canal across Nicaragta
costing less than $3.50 200. 600 Is feast
bic. The work would include about
fifty miles OF embankment and cutting
on the eastslfe, the building OF a no.
foot dam and a rock cut OF eigh.
teen miles. from Lake Nicaragua ia
the Pacific ocean. The total length OF
the route Is ISL miles. The highest
ridge which II would be necessary 10
cut through is slightly more than three
hundred feet high. Great care has been
taken 10 avoid sand.
The work of the commission OF which
the surveying for a Nicaraguan canal