The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1902-01-09
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A Defnitive Proposition Made By
the French Panama Canal
Company.
OUTFIT OFFERED FOR FORTY WILLOWS
The Preutdrnt win Communicnte
the Proposition Co Congress the
Canal Question BctBE Now one
for Legislative Consideration HRa
Differentiation.

Washington, -.,Iau, "a formal
proposition to sell the Panoma caaal
properties to the United States gov
ernmcnt for S+O,uO0,g00 was submitted
to the authorities here. IL was made
by AZ. Boeufyc. representing the com
pany, 60 %dmirnl Walker, as chair
man Of the Isthmian canal commits.
sion. NJ lioeufyc acted under cable
instructions received from the Pana.
ma canal officials al Paris. Admiral
Walker brought the proposition 10
the knowledge of the secretary NJ
state aud the president, going direct
IS to the state department for that
purpose.
The submission ~ this unrr car.
ries out a plan which has been u7der
consideration for she last t'o weeks.
The first step was taken when N.
Hutin retired from the presidency 0f
the ianAms Canal Go. This brought
about an entire change ia the man.
Hgrment. the main feature uf the
change being that those iH authority
desired To- make q definite offer oi
the i'anama properties 80 this gov.
crnmrnt for St0.OOs OO0. There have
been numerous meeting at Paris
with this end in view, but the one
which brought about the fual propo-
sitlon was held Friday In substance,
the notification delivered to admiral
/ Walker was ~ follows:
''ihr P7uama Canal Co., declares IL.
self ready TO transfer to the g""crn.
mcnt ~ the United States, ON pay.
m,Rt ~ $50. nOO, 900. ~ prorrtic, and
concessions. estimated ut thnt Hmumn;
hy the lsthmian canal commission,
in conformity "itn the crms and
conditions 81 the c.iimiTcs ut said
commission
Except tn submit the proposition in
the foregoing terms ih"r" wa. II" dis.
cussior with Admiral Walker as 10
what further steps were likely tn I've
taken except to bring the proposition
To the attention uf ,hr secretary Of
state and -" !r"rideui.
ADMIRAL Walker called at the state
.!r;::::::=er: =. ::",;: an:! commandment.
ed tu Secretary Hay the nffrT which
NJ. Hocufyc had submitted in hchnlf
of the lanai company. Inc matter
was. soon after, brought to the Aticn.
tinn of the president.
II can be- stated that the president
will cnmmuHirat" the propagation {"
cong, css. This course viii be- pur-
aurd because the administration
holds that the canal question Is NOW
purciy one for Legislative dctcrmina.
tiuu. AMI that as congress is about 10
consider the subject it should have
pu=acsSinn IT all facts that have
come to the knowledge uf the eNccu.
tive branch.
The offer as made tr Admiral Walk
cr. aud later communicated 10 the
president and secretary of state, re.
frrs tp the estimates uf the lsthmian
canal commissions report, This
feature of the commissions report
anpeRrs under the caption Total
Value ot the Panama Canal and il
aH follows:
summing mp the foregoing items,
| the total value ~ the property ia
| found tu be: Excavation already
/ done, s27474,OlJ: pnnuma railroad
stock. at par. S6,SJ0.OOO, maps, draw
ings and =crnrds, Sa.oOo,0O0. To
which add ten per cent. to cover omis-
| sluns. making the total valuation uf
the Panama canai sl0,oOO,OG0."