Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-23
FIVE VOTES AGAINST
Sale of Panama Canal Ratified
in Paris Today.
TRANSFER COMPLETED
LARGE AND DEMONSTRATIVE
CROWD WAS PRESENT.
Ownership Now Vested in the Govern
ment of the United States
Details Of Proceedings.
TRANSFER COMPLETED

PARIS, April pa resolution of the
Panama Canal Company shareholders rati-
Tying the sale of the canal to the United
states was adopted almost unanimously
There were only five votes against It,
The second Panama resolution was also
adopted. There were only two dissent
ing votes. The meeting then adjourned
This completes the transfer of the canal
to the United States
Details of Meeting.
The meeting of stockholders of the Pana-
ma Canal Company for the purpose of
finally ratifying the transfer of the canal
to the United States was held in the Sale
des Agriculteurs today.
A large and demonstrative crowd was
present, many women occuying the CALLER
les. Prior to the meeting it became known
that the conveyance of the property to the
United States had already been made.
Great interest was manifested, as 1t was
recognized that the vote on approving the
conveyance would be the final struggle.
The report of the council of administra-
tion was distributed to the shareholders.
This formally announced that President
Bo and Director Rischmann had signed
the conveyance and presented resolution
ratifying their action.
The report also gave the text of the con-
veyance to the United States. The most
important paragraph reads as follows,
Protest From Colombia. =
Secretary Lampre read a protest from
Bonaparte Wyse, the original concession ac-
against the ratification
The voting began Immediately, without
Speechmaking.
President Bo announced the first resolu-
tion for ratification which was carried with
only five dissenting votes.
This brought out loul applause.
The vote was not taken in detail, but the
Affirmative represented about $50 persons
present, holding approximately 10000
shares.
The second resolution was similarly adopt
ed without a division, only two shares dis
senting.
The meeting then adjourned, the entire
session lasting only an hour and quarter
Text OF Conveyance.
Now, therefore, we, the New Panama
Canal Company. represented by Marius Bo
and Albert Rischmann. in consideration Of
the payment of the sum Of forty million
dollars in gold coin Of the United States to
the said company on its order or demand,
contemporaneously with the delivery of this
present conveyance to the representatives
of the United States first above mentioned
and the delivery to them of its property in
Paris and the certificates Of said Panama
idiHostu sidTSS ttIle property OF the COM
pany not being understood to include the
treasury assets of the company, including
deposits of money, outstanding credits and
investments in bonds), and the delivery
upon the 1sthmus of Panama to an agent
of the United States designated by them or
by the Attorney General of the United
States of the remainder Of its rights and
properties, do hereby acknowledge and con-
firm said sale, and do grant, sell and as
sign, transfer and set over to the United
States absolutely in full ownership the to-
tality without exception Of the company's
property and rights on the Isthmus of Pan
anna and Its maps and archives at Paris
The report also gave the opinion Of for
mer Premier Waldeck-Rousseau on the
regularity Of the transfer and the resor,-
ton for the liquidation of the company
after all the property is turned over to the
United States.