The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-04-02
For the Purpose Of Construct
ing an Isthmian Canal.
CONTROL THE PANAMA
Have Already Bought Up the
French Company's Stock.
frying to Win Support Of Ham
ma and Mckinley.

Chicago. April "A special to the
Chrcnicle from Washington says:
]. Pierpont Morgan has a gigantic
schAsne that the United States govern
men shall abandon its plan Of building
canal across the isthTnns Of Panama
and permit private capital to take up
and finish the work already accomplish
ed % the Panama canal
Mr. Morgan, accompanied by James j.
Hill president Of the Great Northern
railuay. ard chief stockhoIder of the
Northern Pacific. arrived from New
Yolx on Mr.. Hilrs yacht yesterday aft
ternoon. Last night AIessrs. Morgan and
Hill and Senator Hanna. who had been
notified of the coming Of the distin-
guished fnanciers, were in confer
ence at the senator's home. II is uF-
dersJood that before MeSsrs. Morgan and
Hill leave the capital they will hold
conference with President Mckinley and
endeavor to interest the executive If
their project.
It is understood that a syndicate
headed by Mr.. Morgan and Mr.. Hill has
secured at a. very low figure majority
Of the stock Of the Panama company and
is now ia absolute control not only Of
the affairs of the corporation, but of its
property and franchises as we'll
MCKINLEY SEEMS FAVORABLE
Chicago. April "A special to the
Chronicle from Washington, ID. q, says.
In regard to j. Pierpont Morgan's scheme
that the United States government shall
abandon its plan Of building canal
across the Isthmus of Panama and per-
init private capital to take up and finish
the work already accomplished on the
Panama canal it is learned on high au-
thority that when MIR. Morgan visited
Washington about ten days ago he first
preached the subject. His proposition
was that the administration abandon the
present plan of constructing q canal at
governmental expense across Nicaragua
and Costa Rica and recommend to con-
gress that a corporation composed OF
American capitalists be authorized to
carry out the work practically abandon
ed by the Panama company
1t is understood that the syndicate
headed by Mr. Morgan and Mr.. Hill Is
composed Of capitalists who now control
the entire transcontinental railway sys-
tenn of the United States
President Mckinley is said TO have
listened to the new canal proposition
with a favorable ear. He has not made
any promise nor INDICATED what course
the administration viii pursue in deal
ing with the matter
Mr. Morgan and Mr. Hill may decide
to visit Panama in Mr. HIS yacht after
they got through in Washington and
Senator Hanna may accompany them.
MORGAN DENIES IT
New York. April 2.-Charles r. Flint
when asked last night regarding the re-
port that J. r. Morgan had formed
nlan to bllv the Panama canal said:
II have heard something of it. though
nothing definite. 1 know nothing about
it myself. =
The Tribune this morning says:
j. PierpOnt Morgan yesterday denied
that his recent visit to Washington was
in any way connected with the affairs
Of the Panama Canal company, or that
he had any intention of visiting the
property. as was reported In dispatches
from the national capital.