The Canton times., 1902-06-27

We
er property owned by the new Pana,-
ma Canal Co., of France, on the 18TH
mus of Panama, and all it's maps
plans, drawings, records on the isth-
mus Of Panama and In Paris, incIud-
ing all the capital stock, not less
however, than 6S,s63 shares of the
Panama Railroad Co., owned by or
held for the use of said canal COM
pany, provided a satisfactory title to
all of said property can be obtained
Section two authorizes the presi-
dent to acquire from the Republic OF
Colombia exclusive and perpetual
control of a strip Of land not less
than six miles wide from the Carib-
bean sea to the Pacific ocean and the
right to use and dispose of theWaters
thereon and to excavate, construct
and perpetually to maintain, operate
and protect thereon, q canal of such
depth and capacity as will afford con-
yenient passage for ships OF the
greatest tonnage and draft nowin use,
from the sea to the ocean; this con-
troll to include the right perpetually
to maintain and operate the Panama
railroad, if the ownership thereof, or
controlling interest therein, shall
have been acquired by the United
States; also Jurisdiction over the
strip and the ports at the ends there
of, to make the necessary police and
sanitary rules and regulations and
to establish judiciary tribunals 10 en-
force the same.
The president also may acquire
such additional territory and rights
from Colombia as in his judgment
will facilitate the general purposes
of the act.
By section three, $4,000, 900 is ap-
propriated to pay for the property Of
the new Panama Canal Co, gad q
sufficient amount to pay Colombia for
the territory acquired from thHt
country for building the canal, The
president is then, through the 18TH
milan canal commission, authorized
by the act to proceed with the con-
struction of the canal, utilizing an
far as practicable the work already
done. The canal is to be supplied
with all necessary locks and all other
appliances. Provision is made for the
construction of safe and cOmmodi-
Gus harbors at the termini OF the
canal and for such works OF defense
as may be necessary for the safety
and protection of the canal and har-
bors.
BY section four the president f.
given the alternative authority OF
proceeding with the construction Of
an isthmian canal by what is known
as the Nicaragua route in the event
that he is unable to secure salts
factory title to the property Of the
new Panama Canal Co., and the con-
troll of the necessary territory from
Colombia, and after first having OBJ
tanned for the United States exclusive
and perpetual control, by treaty OF
the necessary territory from Costs
Rica and Nicaragua, the provisions as
to tonnage and draft Of vessels, as to
harbors and as to works OF defense
being the same as in the section re-
lating to the Panama route.
An appropriation is made of such
sums as may be agreed upon by
treaty as compensation to Nicaragua
and Costa Rica, for concessions and
rights granted to the United States.
Section five appropriates $10,O0O,000
toward the project contemplated and
provides that appropriations are not
TO OACCC0 III G44C obs AOSGSC liz @@e4~4A
tional sum of $133, ,OOO, 900 if the Papa-
ma route be adopted, or $1s0,0OO,OO0
should the Nicaragua route be select
ed.
BY section six provision is made
that in any agreement with Colon
bia, or with Nicaragua or Costa RiCa
the president is authorized to guar
antee 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.
Section seven creates an isthmian
canal commission of seven members
to be nominated by the president and
confirmed by the senate. They are
to have charge of construction of the
canal and are to be subject to the
direction and control of the execu-
tive. At least four of the seven are
to be skilled in the science of engi-
neering; at least one is to be an Off
Ger of the army and one other an of
ficer of the navy. Authority is given
for the employment Of engineers
from the army and civil life and Of
other necessary persons. The COM
mission is to make reports to the
president and to give to congress
such information as may be required.
Under. section eight authority is
e,r;ver, for +he isSae of $3.50. .OOO. 900 two