Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-06-20

FAR FORTY MILLION DOLLARS
.,.,,, Appropriated to Pay Tor ~
nsy proceed win Nicaragua"
Route.


.rolbll passed by the senate proViues
mbsiantlalIy as follows
s.chon | authorizes the president 10
,r,re for the United States, at cost
!, exceeding forty million dollars, all
4 the rights, privileges franchises,
,,OcessIons. grants Of land, right OF
s.v unfinished work and other prop
,rr owned by the new Panama Canal
,,mpany Of France on the lsthmus OF
panama and all It's maps, plans, draw
-, and records on the isthmus of Pa
ANA and in Paris. including all the
.pl,al stock, not less, however, that
sSs shares of the Panama Railroad
nmpany, owned by or held for the use
a me said canal company provided
satisfactory title TO all Of said proper
~ can be obtained.
Section 2 authorizes the president TO
acquire from the republic Of Colombia
sxsusIye and perpetual control OF
arm Of land not less than six miles
rlae from the Caribbean sea to the
paeac ocean, and the right to use and
asrose OF the waters thereon and TO
sycayate construct and perpetually TO
maintain. operate and protect thereon
canal OF such depth and capacity as
viii afford convenient passage OF shlps
n Inc greatest tonnage and draft now
IN usa from the sea TO the ocean; this
control 10 include the right perpetually
~ maintain and operate the Panama
,silroad of the ownership thereof. or
corrolling interest therein, which shall
Nave been acquired by the United
States. also jurisdiction over the strip
ana the ports at the ends thereof TO
MAZE the necessary police and sanitary
uss and regulations and establish ju-
dietary tribunals to enforce the same.
mn presldent also may acquire such
additional territory and rights from
Colombia as in his Judgment Will IA
dIIlate the general purpose OF the
act
By section 3. $4,000, 900 Is appropriated
10 pay for the property of the new
pr1nma Canal company and a suill-
Gent amount 20 pay Colombia for the
territory acquired from that country
FOR building the canal. The president
Is then. through the lsthmian canal
commission authorized by the act to
pfoceed with the construction of the
canal utilizing as far as practicable
The work already done. The canal is to
BE- supplied with all necessary locks and
other appliances. Provision Is made
for the construction for safe and COM
modious harborf at the termlnl 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 l. the president Is given
the alternative authority of proceeding
With the construction of an isthmian
canal by what is known as the Nicara-
qua route In the event that he II un-
able TO secure a satisfactory title 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
rom Costa RIGA and Nicaragua the
Eoylsions as TO tonnage and draft OF
vessels as to harbors and as to works
Of defense being the same as in the
fsciion 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
klca FOR concessions and rights grant
ed 10 the United States
Section . appropriates $l0,000,000 to-
ward the project contemplated. and
provides that appropriations are not
10 exceed In the aggregate the addition
al sum of $780, 600 Of the Panama
route be adopted or siSO.OOo,oOo should
NE Nicaragua route be selected.
By section provision 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 creates an isthmIan canal
commission OF seven members 70 be
nominated by the president and con-
hrmed by the senate, They are TO have
charge Of construction Of the canal and
10 be subject to the decision and con-
ifol Of the executive. At least four Of
'he seven are TO be skilled In the
scence OF engineering. At least one
70 be an officer OF the army and one
olher an officer OF the navy. Author
ny Is given for the employment Of en-
sneers from the army and civil life
anu OF other necessary persons. The
commission is to make reports to the
president and give to Congress such
information as may be required.
Under section s authority is given for
.ne issue OF $4,000. 600 per cent gold
ponds TO meet the expenditures author.
ilec by the act. They are to be issued
rom time to time as the proceeds may
De REQUIRED, are to be in the denomina-
lph OF s2O, or come multiple Of that
sum fedeemable after 10 years and
payable IN 20 years; the interest to be
payable quarterly in gold coin. They
are 10 be exempt from taxation, are
70 De disposed Of al not less than par
auu are TO be open TO popular subscrip.
non None OF these bonds are to b.
sola 70 pay the sums appropriated in
s ! and 2 OF the act or the So
""V'V appropriated by section ;.