Evening star., 1902-01-20
Supplemental Views of the Isthmiap
Commission
TRANSMITTED TO CONGRESS TODAY
Offer of Panama Company Rec
ommended.
7 II E SONS GIVEN


mian canal commission on the proposition
OF the Panama Canal Company to sell to
the United States it's interest In the Pana-
ma canal for $4,000. 600 The following Is
the Presidents message to Congress:
To the Senate and House of Representa-
tives:
. / transmit herewith a report of the istb-
mian canal commission upon the PROPOSE
tion Of the New Panama Canal Company
to sell and dispose of all its rights. prop
erty and unfinished work to the United
States for S40,000,Oo0.
THEODORE ROOSEVELT
Letters from Secretary Hay and Admiral
Walker transmitting the report follow and
then comes the report, dated January is,
1902, which says:
The Report.
The isthmian canal commission has the
honor to submit the following report upon
the proposition OF the New Panama Canal
Company to sell and dispose of all it's
rights, property and unfinished work TO the
United States for s40,0O0,OOO.
AT meeting of the stockholders OF the
New Panama Canal Company held on the
2lst OF December last full power was
given to the board of directors of the COM
pany to negotiate for the transfer of its
property, concessions and unfinished work
TO the United States, its action to be SUBJ
tect TO formal ratification by the stock
holders. In accordance with this action the
board indicated its desire. through it's rep
resentative in this city. to offer a PROPOSE
ton to make such transfer to the United
States for the price mentioned. Thereupon
by your oral direction the president OF the
commission conferred with Mr. Edouard
Lampre, secretary general of the New Pam
anna Canal Company. He also received sew
eral cablegrams from Mr. Marius Bo. the
newly chosen president of the company, in
Paris. The results of these conferences and
communications have been considered at a
meeting of the commission called for that
purpose.
The first cablegram was dated in Paris
on the 4th of January, and it stated that
the company was ready to transfer to the
United States its property and concessions
for $40. 900, 600, and that the offer would re-
main open until the 4th of March, 1903. As
it was not clear whether this offer included
all the property Of the company, further
correspondence ensued, and IL was made
clear that the proposition was Intended to
cover the entire property OF the company
upon the lsthmus of Panama, all the stock
of the Panama Railroad Company held for
its use and benefit and the maps, plans ar
chives and records In Paris.
communication ana explanatory docu-
rnents duly certified, containing a fuller
statement than is embraced In the cable
grams. but to the same effect, are on their
way to the United States by mail, and
copies of them have been deposited with
the ambassador Of the United States in
Paris. who has acknowledged their receipt
by cable TO the Secretary of State.
The Proposftions.
The cablegrams received are as follows:
PARIS, January 4, 1902, S:53 am.
Boeufve, Washington:
Inform Admiral Walker Immediately. and
without awaiting I.ampres arrival, that the
company declares itself ready to transfer
to the government of the United States on
payment of $400O0,0O0, its properties and
concessions estimated at that amount uy
the isthmian canal commission in its last
report, page 1O3, in conformity with the
terms and conditions OF the estimates OF
said report. 30,
President of the Board.
PARIS, January 9, 1902, 4:01 pm.
Admiral Walker. President 1sthmian Canal
Commission, Corcoran building, WASH
ington:
The new Panama Canal Company de-
clares that Ii is ready to accept for The
totality, without exception. Of its property
and rights on the isthmus the amount or
$40.0O0,0O0, the above offer to remain In
force up to March 4, 1903.
30, President of the Board.
PARIS, January II, 1902, 4:17 pm.
Admiral Walker, President Isthmian Canal
Commission. Corcoran Building, Washing
ton:
offer of sale of all our property applies
also to all maps and archives In Paris.
30, President Of the Board.
PARIS, January IA. 1902. 9:45 pm.
Admiral Walker, President Isthmian Canal
Commission, Corcoran Building Washing
We send by mail letter confirming cable
11th January, and, under registered pack
age, judgment August I'd, agreement with
liquidator and three extracts showing pow
ers of board. All these documents are GER
titled to by the United States consulate
general 30, President of the Board.
Glasses of Property Included.
The 'totality, without exception. OF IT'S
property and rights on the isthmus," men,
toned in the cablegram of January Q, in.
cludes the following classes of property:
/. Lands not built on. There are fifty
six parcels of land to which the title rests
in the canal company, amounting 10 about
10000 acres, which, with the lands belong
ing to the railroad company, cover nearly
all of the ground required for the actual
construction of the canal Some additional
land must be acquired for the construction
of the lakes at Bohio and Alhajuela and
for the outflow from the gigantic spillway;
these additional lands being at present OF
little value.
ber 10, 1890 the canal company became en-
titled to 25o,0o0 hectares (about 625 600
acres) of the land grant provided for in the
original Wyse concession. These lands
have never been delimited and the com.
pany has not actually taken possession OF
them, but the right to them would pass TO
the United States. In case the United
States should not wish to take and hold
these lands, it might relinQuish the right
in favor of Colombia In the negotiations
with that government for new treaty
rights.
2. BuildingstThere are scheduled 2.481
buildings. divided among forty-seven SUBJ
classifications. used for Offices, quarters.
storehouses. hospitals. shops. stables and
miscellaneous purposes. Among them are
two large permanent buildings In Panama,
one used as the headquarters residence
and the other as the general ofice; large
general hospitals at Colon and Panama,
and several important buildings at Colon.
These buildings are furnished.
3. Plant-There is an immense amount o.
machinery, consisting of floating plant
(tugs launches, dredges &c) and spare
parts, with "a subclassifcations; rolling
plant locomotives. cars, &C., and spare
parts, with IL subclassifcations; stationary
and semi-stationary plant (excavators,
cranes, pumps. &c). with Is subclassifica-
tions. The commission does not attach
much value to this plant for the reasons
given In its report OF November 16. 1901.
There are also many surveying and other
instruments. ONCE supplies and stationery
a,,~ufral M y,ea1col o,xfAf ana vnfeoo11al