Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-12-30
ANNUAL MEETING
OF PANAMA COMPANY.
Owing to Recent Events on Isthmus. 1t
Developed Unusual Interest and
Excitement.

Paris, Dec. 30.-Owing to the recent
events at Panama the annual meeting
OF the Panama company, which began
this afternoon developed unusual in
terest and excitement. Prior 10 the
opening efforts were made to secure
enough proxies to override the existing
management of the company which Is
favorable TO the sale OF the company's
property TO the United States. The
meeting took place III the hall of agri-
culture, which was crowded with Of
ficials. stockholders and prominent
iinanciers. AT the opening of the meet
ing the management submitted re-
port OF the recent events on the 18TH
mus and the course taken by
the company. The report sets forth
that the republic OF Panama today ex-
ercised sovereignty over the isthmus,
dlsplacing Colombia's former sover-
eighty, that the United States, France,
Russia, Great Britain, Germany and
other countries had recognized Pana-
mas supremacy and added:
In View OF the accomplished facts
and In face OF superior forces we can
only maintain and continue the existing
engagements with the United States"
she report also explains that the fact
that the United states senate had not
ferred the execution OF the company's
ENGAGEMENTS with the United States
1T is under these circumstances, the
report continues that We conv0ke you
TO give to our agreement with the
United States your deilnitive approval"
The report further disclosed Colom-
bias recent vain efforts TO induce the
company 10 continue dealing with the
old government OF the isthmus, saying:
Prior to the Panama uprising the
committee of the Colombian congress
recommended action which would have
extinguished the company's rights. IL
proposed To insert an item OF Sl,OOO,OOO
In the Colombian budget to reimburse
the company for It's losses. The agent
OF the company at Bogota resisted and
the French government gave assurances
that Il would do all possible to pre-
vent the sacrifice OF French property
and interests.
Following the Panama outbreak
Colombia notified the company Nov. 2
that Il would maintain the companys
rights, but would order the transfer Of
the concessions 20 any government
whatever.
on Dec Colomblas agent here, NJ.
Samper. notified the company that
while Colombia was ready Loyalty to
uIilolt tue ttlliitllg lihhAsf wv u
the company entered into relations with
the seDaratist government or trans
ferred its rights TO another govern
ment, Colombia would construe such
action as a voluntary abandonment Of
the concession which would thereupOn
lapse. The company replied Dec. B
that Il recognized the existing condi-
lions on the isthmus and that II Co
lombia resumed possession OF the isth-
mus the company would be glad TO re-
sumo relations with Colombia"
During Secy. Lamprcs' reading of
the report. the disaifected element
hooted and cat-called, causing much
disorder
The speech OF NJ. Groton, a represent
alive OF the old company, was also
hooted.
Finally, two resolutions vert adopted,
the first approving the accounts and
the report OF the management, and the
second re-electing the old officers.
The vote on the first resolution was