The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1902-06-27

IMAM SIN Httlc> w -'tt AsN%es 49,
bean sea TO the Pacific ocean and the
right 10 use and dispose OF the waters
thereon and 20 excavate, construct
and perpetually 10 maintain, operate
and protect thereon. a canal OF such
depth and capacity rs will AFFORD con-
venient passage for ships OF the
createsttonnage anddraft nowin use,
from the sea TO the ocean; this con-
troll 10 include the right perpesuaily
20 maintain and operate the Panama
railroad. il 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 TO 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. $40. 100000 is APP
propriated 10 pay for the property OK
the new Panama Canal Co, and a
sufficient amount to pay Colombia for
the territory acquired from that
country for building the canal. The
president is then, th~ ugh the 18TH
milan canal commission. authorizes
by the act TO proceed with the con-
struction of the canal. utilizing as
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 commodl-
GUS harbors at the termini or 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 -
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 a 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 Costa
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 10 the United States.
Section five appropriates si0.Oo0.OOO
toward the project contemplated and
provides that appropriations are not
. to exceed in the aggregate the addi-
,, tional sum of $3.50. 100000 if the Pana-
|. ma route be adopted. or is0,0OO000
should the Nicaragua route be select
ed.
Bv section six provision is made
, that in any agreement with Colom'
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 ~ 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 anc
confirmed by the senate. They are
to have charge Of construction OF thu
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 enri
! neering: at least one is 10 be an OIL
Ger of the army and one other an OF
fcer of the navy. Authority is giver
for the employment of engineer
from the army and civil life and o
! other necessary persons. The com
mission is to make reports 10 thu
president and to give TO congress
such information as may be required
Under section eight authority j:
given for the issue of sl30,000,000 tw'
!, per cent. gold bonds TO meet the cx
: penditures authorized by the act
;. They are TO be issued from time t
time as the proceeds may be re
quired, are to be in denomination
= Of $40 or some ultiple OF that sum
:, redeemable after ten years and PAY
:, able in 90 years. the interest 10 b
payable quarterly in gold coin. The
are to be exempt from taxation. ar
4 to be disposed of at not less tina
par. and are TO be open to popula
!. subscription None OF these bond
!. are 10 be sold to pay the sums al
= propriated in sections one and tw
4. Of the act, or the s10,000,0Oo appr'
priated by section five.