New-York tribune., 1902-06-13
LS7HNIAN CANAL DEBATE.
ANA PROJECT-BOND ISSUE PRO
POSED BY Mr.. FAIRBANKS.

Washington, June 12-After considering the Lon
don dock charges bill for hour and a half to-
day. without completing it. the Senate resumed
consideration Of the isthmian canal question Mr.
Morgan, of Alabama occupied the floor for three
hours and half. discussing particularly the
diplomat tic phases of the question From this
point he diverted by amendment offered
by Mr.. Fairbanks. of Indiana. providing for the
issue of bonds for the construction of the canal.
Mr.. Morgan attacked the amendment maintain
ing that the expense of construction should be
paid from the Treasurys current receipts.
Mr. Fairbanks insisted that his amendment
perfectly reasonable and proper He believed II
to he in accord with the wisest craftsmanship to
distribute the cost of the canal over period Of
years. instead of putting the entire burden the
people present. He said that If the NiCarag qua
Canal bill should be passed. ne would offer the
same amendment to that One of his principal
objections the Nicaragua Canal bill that it
proposed to pay the expenses of construction from
the current receipts of the government.
Mr.. Fairbanks's amendment authorizes the Sec
retary of the Treasury TO borrow from time to
time s1S0.O100 for the construction of the canal.
bonds to be issued for the amount borrowed. to
bear interest at per cent, payable in gold and 10
be disposed of at not less than par.
Incidentally. Mr.. Morgan again opposed the
Panama route. and assailed the right of the
Panama company TO dispose of the concessions
it held from the old company. He intimated that
Minister Silva. of Colombia. had been recalled
from Washington because the Colombian Gov
ernment could raise money his opinion
which not in accord with the views of Co.
lombia 10 canal concessions. He said that
Colombia. II the United States should pay $40
10000 for the Panama Canal. would get S1.Oo.O01
down. "and how many millions more God only
knows-or his satanic majesty-who 1 think. has
to do with this business than the Almighty
He said the Liberal party in Colombia would
extend the concessions OF the new Panama Canal
Company, and if the United States should pay
sfo.00O0OO for those concessions and the property
it might we'll throw the money in the He
rrepudiated the idea that the American could be
He declared that there a more misera-
BILE piece of legislation" than the Spooner amend
ment. and referred 10 it having been Offered
in the name of the Senator from Wisconsin,
he was not the author of the Amendment and
declared that he not only was its author. but had
ments he proposed to insist on its adoption He
cause. he suggested inCisiyey. he had other work
to do than look after the canal bill
chairnanship of the Canal Committee as a
pacebo thrown to the Democrats. but Mr. Hoar
lican side regarded him ''as one of the greatest
yng as or one t of the ng au
Il shall soon be one of the greatest dead ones"
take up this question In the view of William Nc
Ktnley. who was more responsible for it than
am; or in that of General Grant. who was more
other business, Mr.. Hanna gave notice that as he
sent until Wednesday morning he would ad-
dress the Senate on the bill that day at o'clock
VIII the Senator occupy the floor until
o'clock inquired MIR. Morgan.
Mr.. Hanna replied that ne might emulate the
Senator from Alabama in that respect.
Well replied Mr.. Morgan, If the Senator
occupies the floor until o'clock shall take it
and speak until midnight am responsible for this
bill. and have the right TO close the debate
Mr.. Hanna said he had no desire to prevent Mr.
Morgan from speaking. and thought there would be
no difficulty in afoTdng him time to reply.
Mr.. Hoar formally offered his amendment. OF
which q gave notice time
a substitute. 1t provides that shall be the duty
of the President to cause an isthmian canal to be
built by such route as he may select. that he shall
obtain all advice necessary. and that Sl000001 be
appropriated to begin the work.