New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-31
GREAT VOTE IN IT'S FAVOR.
Com pa"y to Keep Engagements Nth
L. S.-CaSe to 90 to Courts.

Paris. Dec. 3O-The Panama Canal Company
at It's meeting to-day adopted by vote of 1929
10 ll9 resolution continuing the existing en-
Gagements with the United States
Inc meeting took place in the Hall Of Agri-
culture which was crowded with officials. stock
holders and prominent fnanciers. At the open
ing OF the meeting the management submitted
a report of the recent events on the isthmus and
the course taken by the company. The report
set forth that the Republic OF Panama to-day
exercised sovereignty over the isthmus. dis
placing Colomba's former sovereignty. the
United States. France Russia Great Britain
Germany and other countries recognizing Pan
aIna's supremacy, and added
In view of the accomplished fact and in face
OF superior force. we can only maintain and
continue the existing engagements with the
United States.
The report also stated that the treaty with
Panama not yet having been ratified. the execu-
ton of the company's engagements with the
United States was necessarily deferred. 1t Is
under there circumstances" the report con-
tinued that We convoke you TO give TO our
agreement with the United States your defntive
approval"
The report further disclosed Colombis's recent
vain efforts to induce the company 10 continue
dealing with the old government OF the isthmus'
saying
Prior to the Panaman uprising the committee
Of the Colombian Congress recommended action
which would have extinguisfed the company 5
rights. il proposed TO insert an item OF S1,uVo'-
OGO in the Colombian budget to reimburse the
company for it's losses. The agent OF the com
pany at Bogota protested, and the French gov,
eminent gave assurances that 1t would 90 all
possible 10 prevent the sacrifice OF French prop
erty and interests.
Following the Panaman outbreak Colombia
informed the company on November p that II
woul5 maintain the cOmpany's rights, but WOULD
oppose the transfer of the concession TO any
government whatever. -
on December . Colombia's agent here. M
Sanpe7 informed the company that Whlie
Colombia was ready Loyalty TO uphold the COM
nanv's rights II the company entered INTO rela-
lions with the Separatist government or trans
ferred its rights TO another government Coletl-
bia would construe such action as a no'uIoIi Ig
abandonment Of TIL concession whhch "oulu
thereupOn lapse. -. :.
The company replied on November that II
recognized the existing conditions on the lsth-
ms and that if Colombia resumed possession
OF the isthrnus the company would be glad TO
resume relations with Colombia
During Secretary Lampr6's reading of the re-
port the disafected element hooted and cat
called. causing much disorder. and the speech
of II. Croton. representative Of the old coIE-
pany also hootec
Two resolutions were adopted. the first ap-
proving the accounts and the report OF the man
ayers, and the second rejoicing the officers.
The vote showed the insignifcance Of the OPP
position to the United States
The exclusion of the Colombian representa-
tive from the meeting caused much disorder
NJ Thiebaud protested in his behalf President
30 explained that Colombia claimed her share
in the company. but said the question OF their
ownership was now doubtful. so the matter had
been referred TO the courts.
The question of approving the sale Of the COM
pany's property to the United States did not
come up formally to-day, and was postponed to
a subsequent meeting but the overwhelming
vote sustaining the managers leaves no doubt of
the company's future action.
The group Of shareholders inimical 20 the ad-
rninistrarion of the company assembled after
the meeting and took up the consideration or
measures which in their opinion should be
adopted TO obtain the judicial notification or
the action taken by the meeting.