Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-06-20
the lsTRMIAN
CANAL BILL.
,.,A,d,es President to Acquire the
Panama Route
FAR FORTY MILLION DOLLARS
.,.., Appropriated to Pay Tor "
nsy proceed Win Nicaragua"
Route,


..ralblll passed by the senate proViues
,abstanually as follows
ssction authorizes the president 10
,,,re for the United States, at cost
~ exceeding forty million dollars, all
!, the rights, privileges, franchises,
.orcesslons. grants Of land, right OF
,.y unfinished work and other prop
,,t, owned by the new Panama Canal
,,mpany Of France on the lsthmus OF
panama. and all It's maps plans, draw
1.ys and records on the isthmus of Pa
anna and in Paris, including all the
initial stock, not less, however, that
xws shares Of the Panama Railroad
ompsny, owned by or held for the use
!, the said canal company provided
satisfactory title TO all Of said proper
~ can be obtained.
Section authorizes the president to
acquire from the republic Of Colombia
s,slusye and perpetual control Of a
arm Of land not less than six miles
rlas from the Caribbean sea to the
psede ocean, and the right to use and
asrose OF the waters thereon and to
sycayate, construct and perpelually to
maintain operate and protect thereon
canal OF such depth and capacity as
Win afford convenient passage OF ships
N Inc greatest tonnage and draft now
IN usa from the sea to the ocean, this
control 10 include the right perpetually
N maintain and operate the Panama
ralIroad of the ownership thereof. or
conirolling interest therein, which shall
haye been acquired by the United
states. also jurisdiction over the strip
ana the ports at the ends thereof, to
male the necessary police and sanitary
ras and regulations and establish ju-
dlcary tribunals to enforce the same.
The president also may acquire such
additional territory and rights from
Colombia as in his judgment will IA
dINate the general purpose of the
act
By section 3. $4,000 900 is appropriated
10 pay for the property OF the new
pranma Canal company and a sulll
Gent amount 20 pay Colombia for the
territory acquired from that country
FOR building the canal. The president
Is then. through the isthmian canal
commission authorized by the act to
proceed with the construction Of the
canal utilizing as far as practicable
The work already done. The canal Is to
De supplied with all necessary locks and
other appliances. Provision Is made
for the construction for safe and COM
modious harborf az the termn of the
canal and for such works of defense as
may be necessary for the safety and
protection Of the canal and harbors.
By section I, the president Is given
the alternative authority of proceeding
With The construction OF an isthmian
canal by what IL known as the Nicara-
qua route In the event that he IL UNI
able to secure a satisfactory titl9 to
he property OF the new Panama Canal
company and the control of the neces-
aY territory from Colombia and af-
h FIRST having obtained for the United
safe exclusive and perpetual control
~ treaty Of the necessary territory
nom Costa Rlca and Nicaragua the
Tovlslons as TO tonnage and draft OF
vessels as to harbors and as to works
defense being the same as in the
bcilon relating TO the Panama route.
An appropriation Ia made OF such sums
as may be agreed upon by treaty as
compensation to Nicaragua and Costa
Rca for concessions and rights grant
ed TO the United States.
Section appropriates }l0,00O,000 to-
ward the project contemplated, and
provides that appropriations are not
10 exceed In the aggregate the addition
al sum of Ns5000O00 Of the Panama
route be adopted or $4,000. 900 should
me Nicaragua route be selected.
80 section 6proyision Is made that in
eny agreement with Colombia or with
Nicaragua or Costa Rica, the president
Is authorized to guarantee them the use
o. the canal and harbors upon such
Terms as may be arranged, for all YES
sels owned by those countries or by
their citizens.
section Z creates an isthmian canal
commission Of seven members 70 be
nominated by the president and con-
nrmed by the senate They are to have
charge Of construction Of the canal and
70 be subject to the decision and con-
lio Of the executive. At least four Of
'he seven are to be skilled In the
science OF engineering. At least one
70 be an officer OF the army and one
oIher an officer OF the navy. Author
ny Is given for the employment OF en-
sheers from the army and civil life
anu ot other necessary persons. The
uohlnlsson is to make reports to the
PRESIDENT and give to Congress such
"1eWatlon as may be required.
Under section authority Is given for
tne Issue Of $4,000. GOO per cent gold
ponds to meet the expenditures author.
zee by the act. They are to be issued
ron tme to time as the proceeds may
De REQUIRED. are to be in the denomina-
Won OF s2O or come multiple Of that =.
sun, fedeemable after 10 years and
payable In 20 years; the interest to be-
palable quarterly in gold coin. They
are 70 be exempt from taxation. are
W DC disposed Of at not less than par
s .,i are 70 be open to popular subscrip.
.'yn None OF these bonds are TO bs
solu 70 pay the sums appropriated In
SECTIONS | and Of tho act or Tho EN-