The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1902-01-06
roeMAL PROPOSITION TO SELL
ao.ee1y OF THE COMPANY
70 AMERICA.
cE SUBMITTED TO CONGRESS
,.,, Holds the Question Now
II, one for Legislative Oetermi'
.,ico-Forsy Million Dollars Price
asked BY Freoehme" tor Their o''e"
conoc cssions-Admirai Walker
transmitted the oner
Transmitted the oner.

.y.on Jan. Ga formal prop
-.,an II sell the Panama canai prop
.t.. i the United States government
- aan 600 was submitted 10 the
.f,4,s here. II was made hy NJ.
zoe renrcsea'!ng the company 10
.,..i.,, walker. "a chairman 81 he
.tt.n canal commission. NJ.
r...fs. acted under cabl" instructions
4 during til. day from IN" Paa-
,rsl officials NJ Paris. Admiral
- ~ brought n. proposition !" ihr
t.te. n the secretary ~ state
.h. nrssiaent. going directly -
...e DEPARTMENT for that purpose.
fh. s#hn.ssion Il this offer carries
Ell. MAN which has been under con.
t-..isr FOR the last Two weeks. The
~. s,cp vas taken when VI hntin re-
,ram the presidency OF u" Pan
raral company This brought
Aag, an entire change III the manage
.asr, tho main lecture OF N" chahs'
,hat ,hos. in authority desired
make 4 II. ani.. oHrF OF II" fanafila
tss4t,.r,Ies 80 this government Tor W.
All oG0 There have been numerous
lettings NJ Paris with this end IN
,.w bu, tho one which brought about
-. final proposition was held Friday
!. sal been the intention Ia make IN"
0f.- through Edward i-amprc. sscr"-
.ss Il neral ~ the c0npaas. "ho ~
8as ), arrive In N.w York on the
steamer Ageialue. but IN. me- ilng AZ.
..s4-e - AYE taken a yicss ths' the OF
t- he made without waiting
- ,ee e-!ral of Mr. l.Smp-e. As-
esrf.rty .hc cable instructions Her"
s-as-t. - ". noeutvc II" vent NJ
st., 'a t.s.. afFre cf the ls'hmian canal
4amr .oa and adY.s.d ADMIRAL
N4k,r Z "a hat had been the ds'evfni'
-at.oe - ,he company In substance,
80 no,aration delivered - Admiral
Wake n A. follows.
Company Ready 20 Transfer.
'Tho Panana Canal company de-
e'ar.a ...esf ready 10 transfer u tn"
sat.r.rsf, a.. the United States on
faYw,r, IN $40 .0o1 600 is properties
a.l rrt4s!ons. estimated a' .aa;
am lr. hy the ls'hmiau cana, commits
eHu artovmty With ~. terms anf
c#nt'turs n the estimates of said
comm on.
Th-rc was no discussion with Aa-
-4ral Walker as "a wha; further stops
@ee, likely - be taken except 10 bring
fae proposition 10 the attention OF IN"
tere'ary - state ani IN. president
Admiral Walker called n. the state
department. a, noon and communicated
- Secretary Hay the Offer which NJ
iioenfye had submitted In behalf Of IN"
caaal company. Tho matter was soon
atfer hrough, 10 the attention nf the
~. sidcn'
L can be stated that the president
"ll communica'. III. proposition 10
congress. This course will be pursued
because the administration holds that
iae canal question IL now purely on"
fdr legislative determination and that
~ congress liz about ~ consider the
subject Il should have possession os
al facts that have come 10 the knowl'
cir" ~ the executive branch.
] y" offer. ~ mad. 10 Admiral Walk.
- ana later communicated 10 the pres
nj and secretary OF state. refers 10
% estimates ~ tho Tsihmlan commit
''t's report This feature Of the com.
'a''tc"'s report appears under the cap.
Ton. Total Valuation Of the Panama
faaal and Is as follows:
Summing up the foregoing. the
FaIue ~ the property is found 10 he:
excavation already done. $a'.iti.-
g.
Panama railroad stock at par. So
ssH o0u
Maps. drawings and records. 81.
0an 600
io which. add 10 per cent to cover
missions. making the total valuation
ut fhc Panama canal $40. 900 goo