The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-06-21
Control of Land.

Section two authorizes the president TO
acquire from the republic of Colombia
exclusive and perpetual control OF a strip
Of land not less than six miles wide from
the Caribbean sea to the Pacific ocean,
and the right to use and dispose OF the
waters thereon, and TO eXcaVate, con-
struct and perpetually 10 maintain, oper-
ate and protect thereon a canal of such
depth and capacity as VIII afford con-
Yenient passage of ships of the great
est tonnage and draft now in use, from
the sea to the ocean, this control 10 in
clnde the right Derpetually to maintain
and operate the Panama railroad, OF the
ownership thereof, or controlling interest
therein. which shall have been acquired
by the United STATES, also jurisdiction
over the strip and the ports az the ends
thereof, to make the necessary police ana
sanitary rules and regulations and estaD-
lish judiciary tribunals to enforce the
same. The president also may acquire
such additional territory and rights from
Colombia as I'm his judgment viii facili-
tate the general purpose OF the act.
Property of Canal Company,
BY section three Sl0.O00,OO0 is appropriat-
ed to pay for the property OF the new
Panama Canal company and a sutucient
amount to nav Colombia tor the terri
torv acotired from that country for
building the cnal. The president IS tneu,
through the isthmian canal commission
authorized by the act 10 proceed with inc
construction of the canal utilizing as Ihr
as practicable the work already done
The canal is TO be supplied win All nee
essary locks and other appliances, Pro-
vision is made for the construction or
safe and cOmmOdiOus barbors AZ the
terminals Of the canal and for sueh
works OF defense as may be necessary LOT
the safety and protection of the canal
and haTbors.
President Has Choice.
By section 4, the president is given The
alternative authority of proceeding Win
the construction Of an isthmlaD cahal ny
what is known as the Nlearaeua roQLe
i'm the event that ne is unable 10 secure
4 satisfactory title TO the property OF the
new Panama Canal company ana the
control Of the necessary territory AFull
Colombia and after first having obtained
for the United States exclusive and per-
petual control by treaty OF the necessary
territory from Costa Rica and Nicaragua,
the provisions as TO tonnage ana dfatt OF
vessels. as to harbors and as 70 WORKS
of defense being the same as IN the sec
ton relating to the Panama route. An
aupropriatiOn is made of sucn sums as
may be agreed upon by treaty as COM
pensation TO Nicaragua ana Cos 80, ~ -,
for concessions ana Tignts SFdhlcu 10 tAc
! United States.
the Droiect contemplated and provides
that appropriations are hot 10 eAcSeg go III
/, the aggregate the additional sum OF $751;
000.000 if the Panama route be adopted or
! slsOO0o.000 SHOULD the Nicaragua route be
selected
BY section provision is made that 10
any agreement with Colombia or with
| Nicaragua or Costa Rics, the president
I is authorized to guarantee them the use
of the canal and harbors upon such terms
as may be arranged for all vessels owned
/ by those countries or by their citizens.
Canal Commission.
Section creates an isthmian canal
commission of seven members, TO be
nominated by the president and confirmed
/ by the senate. They are 90 have charge
/ Of construction of the canal and are 20
\ be subject 10 the decision and control OF
| the executive. At least four of the seven
I are 10 be skilled in the science Of en-
! cheering. At least one is to be an Of
/ ficer of the army and one other an Of
1 fieer of the navy. Authority is given for
4 the employment of engineers from the
! army and civil life and of other necessary
I persons The commission is 10 make re-
/ ports to the president and give to con-
/ gress such information as may be re-
/ QuiTed.
! Under section authority is given for
the issue of Sl30,000000 . per cent gold
bonds to meet the expenditures authorised
/ time TO time as the proceeds may be re-
/ quired. are to be IN denominations of $50,
/ or some multiple of that sum, redeemable
after ten years and payable in twenty
/ years, the interest 20 be payable quarterly
I in gold coin, They are TO be exempt from
! taxation, are to be disposed of at not less
i than par and are 60 be open TO popular
I subscription. None Of these bonds are 20
/ be sold to pay the sums appropriated in
l sections I and OF the act or the So
/ 000O00 appropriated by section 2.