Waterbury Democrat., 1902-03-20
pANAMACANAL TITLE
Majority of Senate Committee
 Consider It Invalid.
EEW COMPANY CHEATED FREECHMES
Accepting Offer Might Lead to Un- pleasant Relations With Those Who Lost $25O, O,OOO,O0o-SIinoris
 ty Report Ipholds Title.

pleasant Relations With Those
 Who Lost $25O,OOO. OO.OO0-Ninoris
 ty Report Ipholds Title.
 WASHINGTON, March 2o-Senator Morgan from the committee on isthmi- an canals has presented to the senate tle majority and minority reports of that committee on the question of the validity of the title of the new Panama Canal company and it's rights to trans fer the Panama canal property to the United States for $40,oO0,000. The ob- 1ections of the majority to the title held by tbst company are based large ty on the relations of the canal compa- ny to the governments of France and Colombia, but the committee also dis cusses at length many other phases of the question. Among these is the rela- ton of the shareholders who subscrib- ed $26o,oOo,0oo to the old Panama com pany, whose interests, the report holds, cannot be lightly regarded On this point the report says:
 ''The spectacle Of the United States congress authorizing the president as xne agent or our government to con duet trade with such corporation lthe new Panama company without consulting France as to the claim of Independence it (the new Panama com pany) asserts will be entirely new in the history of nations, and it's cense- quences cannot be lightly disregarded
 Among these is the serious danger of the United States being drawn into fiiGQ TTOca hln In Influential body of the worthy people or France, whose friendship for us has been cherished during the entire life of Dur republic and had its origin in mag unanimous sacrifices for our country when this government was in the trav- ail of it's birth. Unfortunately the re- port of the isthmisE canal commission reveals the fact that men who make this offer are chief among those who aefrauded these 6oo,oo0 or SOC, ,O00 Srenchmen of $25o. o.oo0.ooo.'
 The minority report, which was pre- pared by Senator Kittredge, complete iy upholds the title of the new Panama compa ny, as will be seen from the fol lowing extract, which constitutes it's opening paragraph:
 fThe title of the new Panama com pany to it's concessions and other prop erty appears from the facts and docu- ments which have been laid before the subcommittee and is clear and free from any complications. For transfer of its concessions to the United States the consent of Colombia is requisite. but this consent has been given by the government of that country as fully as I,.. gFI the canal by the United States, differ ent concessions and different rights must be obtained by treaty between this country and Colombia, and such a treaty would necessarily involve con- sent to the sale by the company of it's l rights and property on the isthmus to the United States. Such a treaty Go iombta has shown and declared it's readiness to make. On every other point the right of the new Panama Ca nal company to transfer it's property to the United States is perfectly clear. Every link in the chain of it's title and every step in the course by which it became in a position to sell it's proper ty, free and clear, is plain and satisfac- fory.''
 During the entire session of the sen ate the bill providing for the protection of the president of the United States | was under consideration.
 MT. Hoar, in charge of the measure. elucidated some arguments he had | made previously, and Mir. Teller (Colo.) | and MT. Bailey (Tex.) spoke briefly on the bill.
 The senate in executive session con f1r1ned the nomination of Captain A. $. l Crowninshield to be q rear admiral. ! There was no comment upon the nom fnation.
 The house made fair progress with 1 the river and harbor bill. After the l close of general debate forty-seyen of 1 the 116 pages of the bill were disposed l of. No amendments were adopted The | general debate was featureless.