Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1902-06-26

strip and the ports at the ends there
of, to make the necessary police and
sanitary rules and regulations and
to establish judiciary tribunals to en-
force the anne.
The president also may acquire
such additional territory and rights
from Colombia as in his judgment
will facilitate the general purposes
Of the act.
By section three, $40, 100000 is APP
propriated to pay for the property Of
the new Panama Canal Co., and a
sufficient amount to pay Colombia for
the territory acquired from that
country for building the canal. The
president is then, through the 18TH
milan canal commission, authorized
by the act to proceed with the con-
struction of the canal, utilizing as
far as practicable the work already
done. The canal is to be supplied
with all necessary locks and all other
appliances. Provision is made for the
construction of safe and commodi-
Gus harbors at the termini of the
canal and for such works of defense
as may be necessary for the safety
and protection of the canal and har-
bors.
BY section four the president is
given the alternative authority of
proceeding with the construction of
an isthmian canal by what is known
as the Nicaragua route in the event
that he is unable to secure a salts
factory title to the property OF the
new Panama Canal Co., and the con-
troll of the necessary territory from
Colombia, and after first having OBJ
tanned for the United States exclusive
and perpetual control, by treaty of
the necessary territory from Costa
RIGA and Nicaragua, the provisions as
to tonnage and draft of vessels, as to
harbors and as to works of defense
being the same as in the section re-
lating to the Panama route.
An appropriation is made of such
sums as may be agreed upon by
treaty as compensation to Nicaragua
and Costa Rica, for concessions anc
rights granted to the United States.
Section five appropriates $1o,Ooo,Q o(
toward the project contemplated anG
provides that appropriations are not
to exceed in the aggregate the addi'
tional sum of $133, O00, 900 if the Pana,
ma route be adopted, or $50 600, 0OC
should the Nicaragua route be select
ed.
BY section six provision is made
that in any agreement with Colon
bia, or with Nicaragua or Costa Rict
the president is authorized to guar
antee them the use of the canal ant
harbors, upon such terms as may bt
arranged, for all vessels owned by
those countries or by their citizens.
Section seven creates an isthmiar
canal commission of seven members
to be nominated by the president ant
confirmed by the senate. They are
to have charge of construction of TIN
canal and are to be subject to tn
direction and control of the eXecu
tive. At least four of the seven ar
to be skilled in the science of engi
neering; at least one is to be an Oil
Ger of the army and one other an of
fcer of the navy. Authority is givel
for the employment of engineer
from the army and civil life and o
other necessary persons. The com
mission is to make reports to tn
!. president and to give to congress
| such information as may be required
Under section eight authority
given for the issue of $130,0OO,0O0 tw
per cent. gold bonds to meet the eA
p%enditures authorized by the act
They are to be issued from time t.
/. time as the proceeds may be re
quired, are to be in denomination
of $50 or some ultiple of that sun
redeemable after ten years and pay
able in 20 years, the interest to b.
payable quarterly in gold coin. The,
, are to be exempt from taxation, ar
to be disposed of at not less tina
par, and are to be open to popula
+ subscription. None of these bond
are to be sold to pay the sums az
propriated in sections one and tw
of the act, or the $10,000,000 apprc
I priated by section five.