The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-10


have made good bargains. The Colon
ban Government. in addition TO receiv
ing a substantial cash consideration. VII
profit by the development OF its indus
tries. It viii find market for its cattle
| its coal its gold. silver and copper. Il.
salt and hides. Already there have beer
! formed several syndicates 10 develop tn,
/ resources in not only Colombia but Bo
/ livia. Ecuador, Peru and contiguous Cen
/ trail American countries.
II was this festure-this promise Of
/ development calculated TO return richie:
untold-that perhaps appealed more tc
I the men who control the government and
| industries Of Colombia than any other
| consideration It was The promise Of full
/ hllment that finally discouraged the pro-
| motors Of the Nicaragua project and
caused its abandonment by Presiden,
| Roosevelt. Hanna. Senator Spooner, Sec
rotary Of State Hay and the other men OF
! influence in the Government al Washing
ton
Senator Morgan. Of Alabama. the most
active advocate Of the Nicaragua project,
made valiant fight 10 compel IT'S adop-
Z
United States than the Panama scheme.
and has even not yet been converted.
But in spite of his projects. his prophe-
cies Of complications that would involve
and embarrass the United States. Con-
gress on June Is passed the Spooner bill
eliminating all reference 10 the Nicara-
qua canal as originally provided and au-
thorizing the United States TO acquire
by treaty and purchase the Panama Ca
nal route.
Secretary OF State Hay and Minister
Concha then prepared drafts Of a treaty
containing twenty eight articles. the
provisions OF which are intended 70 carry
out the authorization Of Congress. Mr.
Concha and Mr. Hay had no difficulty
agreeing upon twenty-five OF these arti-
cles, all relating TO material features of
the contract. They we're not able to
agree upon the other three articles be-
cause Of the different legal construction
placed upon them by the two countries.
The Investigations Of the contracts and
title held by the French company now
being conducted by the legal representa-
tives Of both the United States and Co
lombia in Paris will undoubtedly result
in the removal OF all objections of this
character.
The whole effort Of the United States
is now being directed 10 acquiring a
clear and perfect title to prevent dis
putes and complications in the future.
SO that the United States may forever
control the canal. The Colombian gov
eminent is. OF course. mainly concerned
with the financial part OF the agreement
and the reciprocal features relating to
the protection Of its frontier and the
expansion Of its trade
Il Is estimated that the United States
viii, upon the payment Of s47. 900 .OO0 to
the Panama Canal Company and the
Colombian Government, acquire property
in the way OF machinery. most OF which
by the way, is Of American manufacture.
worth very great deal more.
A great many important changes win
have to be made in the system Of locks
and pumping necessary TO the proper reg
llation Of water in the canal Viewed
from the highest point OF the CuIebra
elevation the canal viii present the APP
Of a series Of lakes each three
miles long
The engineers say that the scheme Of
overcoming typographical conditions has
already been solved and that with the
rroper machinery there viii be no diff
lcuIty in constructing the canal and
providing an adequate water supply ca
7able Of floating the largest warships.
indeed, the plans which the United
=
and which viii be ultimately adopted
VIII provide facilities for transporting
arger vessels than viii probably ever
De built. With the width Of the canal
provided it viii be possible for four
steamships OF thirty feet beam to pass
ZACH other in the canal without danger
u collision.
In estimating the advantages to accrue +
% the United States the experts who f
lgure on IL believe that it viii return a
'roft Of at least per cent to the Gov +
rnment on its mercantile business. aside 4
rom the undisputed benefits that VIII
Y certain TO accrue from naval and /
military standpoints. It should be posi- +
Ne. say those experts. for at least 100
'essels 10 pass through the canal every
ear
Ships bound for Europe. to the Orient
giH save at least 400 miles: vessels ply
ing between Atlantic and Pacific ports
nd the United States OF South America
viii be enabled TO accomplish the distance
d about one-hfth OF the time now con-
umed-
Another consideration watch the ex-
viii be in cheapening freight
ates between the Atlantic and Pacific.
ut the most direct beneficiaries will IN
oubtedly be the South Americans. who.
assessing industries Of incalculahle rich
ess VIII be brought nearer 20 the mar
cts OF the world
The immediate henefciaries Of the pu--
base OF the canal by the United States
i'll be the stockholders in the Panama
anal Company. 70 whom viii be paid
be Sioooocoo. The President Of this con-
any Is Marquis 30. a wealthy Partisan
anker- The secretary OF the company is
doaard Lampre. with Lawyer Crom-
ei'. has been promoting the canal inter-
SIS at Washington for TWO or three
eors-
Most Of the stock OF the Panama Canal .
ompany is held n France. but there IS ,
itinsted 70 De about Two millions q
scattered Throughout the United states.
he money viii be paid by the Canal
commission which President Roosevelt .
III appoint
puia1ed the Canal project. has figured ,