The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-19
Panama Project Offers FieId for Speculation

TIE reaping of profits through the
construction of the Panama canal
by the United states is now en-
Iuasins Che attention of all those who
lay become benedciarics Mauufac-
-eis n almost every line of Industry
ie aiIan6ius with an others iu the
anne hue to maintain a system OF
Il..s lhat VIII prevent ruIuous COM
e-lon. There win DE sufficient work
'I all without uulerblddiue
AaHy delesaluus representing man.
lteturers in various branches. have
Leady been here consulting the plans
The i7thmiau canal commission.
hey are computing just what win be
erded. how soon they can supply PC
nd tt what price. THE government Is
rsar4ed ass certain pay and mo- allow
nee need De- made FOR losses. All the
eialls for furnishing supplies viii be
umpicred long before The necessity
rises for their use.
Members of the recent canal commits
Ion believe it win De eighteen months
ff0rc tne machinery of construction
an be- placed In motion. Nothing what
yer can be done at present except the
erIcctiOu of legal details necessary for
transferring the Panama property to
he United States after Colombia shall
ave ratified the treaty. When this has
'eeu accomplished the president viii
iame seven men who win compose a
commission lo supervise the building OF
be canal The president does not aX-
cct t0 name tSese men until after DE
eiurns from his western trip early in
une.
The next step win boz for this COM
Mission 90 visit the lsthmus of Panama
md inspect every foot of the canal
quite. Then the work of the commits
lou VIII Dee appogtloued. Such changes
IS are necessary iu the French COM
lanys plans viii De made The CONF
Mission VIII employ additional en-
pneers 90 supervise the work of con-
tucti0n.
The FIRST work win be that of santa
BON. The cities of Colon and Panama
ll Doe cleaned and made healthful
Every precautlon known 20 modern
science VIII De- taken 90 prevent dis
ase from obtaining a f0othold.
TO is desired 90 organize a working
company iu the form of "a great SYM
hcate to contract with the government
o build the entire canal This working
company would subIet various features
Of the work such as the excavating.
he EohiO dam, the locks and other spe-
battles. The sub-c0nract0rs would be
responsible t0 the working cOmn3nv.
ma the syndicate 90 the government
This ls regarded as the most salts
aetofy method off pursuing the under
taking. III this plan cannot be made
operative the government VIII make
contracts direct with companies de-
firing 10 construct certain kinds OF
EOIk
The sum of S10000.00O is available for
1se by the commission whenever work
begins.
To is estimated that tWo-dfths of the
Ncavatiug has already been completed.
The machinery already I'm position is
Talued at over $1,000 000 This will be
increased largely.
Contractors naturally figure that the
cost of construction viii far exceed the
present estimate of Sl35. 900. 000 Those
Engaged Iu manufacturing enterprises
believe that anywhere from 500 900 600
20 $500 100000 win De distributed among
.hem.
The dredging interests viii au hang
together The transportation lines,
both rail and water win surely agree
)u "a basis for bidding. Those who fur
llsh cement granite. machinery and
lumber viii probably agree ON some
plan chat win prevent too strong COM
petition.
According to- the estimate, more than