The age-herald., 1901-12-13
Senator Himself Presents a Re- pOt to the Senate AdVo-
 eating Its Passage
.DENOUNCES THE PANAMAC0
Says They Induced a Secretary of the- Navy to Resign and Accept Position With Them at
 Large Salary.

Washington, December 12-Thea5enate committee on isthmian canals todky su- thorized a favorable report supOnssenator Morgan's bill providing for the, ,acqatsitton from Nicaragua and Costa Rico of the right of way via the Nicaragua Boste.
 Senator Morgan later presented thissre-i port to the Senate, accompanying the rs-l turn of the bill with a vofunninoOs reporei upon the general subject of a canal ascrossl the isthmus Action on the sbirls sprOvedfngsl for the construction of-the canal WaDsde- ferred.
 Senator Morgan's report covers more! than 500 pages of printed nnatber. and deals with many of the questions econ-d nected with the the canal including thorough inquiry in tho at titude of Great Britain upon the subject and the different canal routes. He also discusses the relationship. of theaPsnama Canal Company to the construction by the United States of waterway across the isthmus, and while he makes refer ence to a letter written by President Hutin of the Panama Company to Secre tary of State Hay he does not give the text of the communication
 MT. Morgan says that the letter to Sec retary Hay was dated November 2 last. and that 1t was written after Admiral Walker as president of the commission. had closed his correspondence with NJ. Hutin relative to the sale of the Panama Canal Company. He then adds
 False Assumptions. 'rhe letter to Mir. Hay, with the ap- pendixes thereto and the memoranda that accompanies it. Is an attack on the presi- dent of the commission replete with false assumptions and pervertions of facts and is evidently intended to create a side Issue, the debate upon which 1t is hoped by M Hutin will delay. if it does not de- feat. the final action of Congress in the construction of any canal.
 This provision and the placing of this correspondence in the hands of the Presi- dent by M. Hutin with the request that it be communicated to Congress is but a continuation of the presumptious and offensive proposition previously made by [ the Panama Canal Company. This com pany in a previous administration had succeeded in obtaining the resignation of , a secretary of the navy to accept nomi- nal position in their service at large salary and expended s1.5oo.ooo in New York in chiefly acquiring the aid of lead ! ing business houses in promoting the De | Lesseps plan without 8 dollar of stock ! being subscribed in that city.
 'The desperate financial straits of the new Panama Canal Company compelled ! them to make overtures to the United States to unload their enterprise on the |, United States and their agents became ' accordingly aggressive in this efrost.-
 Quotes Communications.
 The report then quotes communtcatsona from M Hutin and his attorneys to officers of this government in 1898 and lsoe which have heretofore been printed. AS- i ter quoting a letter from Sullivan and Cromwell. attorneys for the Panama Canal Company directed to the President | and dated April 30, 1900. in which they ask the President to advise Congress Of the attitude of the Panama Company, | the report says:
 '"rhe manifest purpose of this company ! to interfere with legislation by asking the President to inform congress of ( [ state of facts as alleged of which Con. z gross is presumably without knowIedge | is an insult to the intelligence of Com gress It is an insolent invitation to the President to control the action of Con- gross so that they shall not act upon bills reported by committees in both houses"
 Senator Morgan read Admiral Walkers letter of October 22 last to M. Hudn and said 1t utterly breaks down the pretention of M. Hutfn that the United States through Admiral Walker. was en- gagged in the effort to purchase the prop erty of the Panama Canal"
 The conclusion with reference to this point of the controversy is set forth in the following language:
 Unprecedented Misconduct.
 "The motive for this unseemly and unprecedented misconduct must be. efth- CT that this canal company is desperate in its purpose to unload it's property upon the United States because tho French stockholders have lost faith in It's success. or that it is endeavorins to prevent the competition of any canal with its Panama railroad. the shares of which they value at $500. the face value being s1OO per share, on account of it's enormous earnings"
 Contending for the importance of tho enterprise, MT. Morgan urges that no na~ tion nor any combination of private in- terests can have any right to prevent It's consummation. There remans' he says, but one barrier to the union of the Atlantic and Pacific ocean, and nd one nation has me right to declare that it never shall be removed except with it's consent He attributes the failure to construct the canal in the past to the at- titude of other nations. saving:
 For the past fifty years the powes and influence of the BriIis.. government aided by combinations in the United States and France. has defeated all ef- forts to open American isthmian ca. nal"
 Continuing in this line he says:
 Taxes Americas Commerce.
 That antagonsm which Is an imperiaz policy of Great Britain in the beginning has hecnme a nlan for gathering wealth