New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-24
CANAL SALE RATIFIED
STOCKHOLDERS VOTE.
Tra,.sfer to United States Utmost
Unanimously. DpOred.

Paris April 23.-The stockholders Of the Pan
ana Canal Company ;his afternoon by an al
most unanimous vote adopted resolutions ratify-
ing the sale Of the canal TO the United States.
This action completes the transfer OF the prop
erty on the isthmus.
The meeting was held in The Sale des Agri-
cuiteurs al . O'Clock. = large and administrative
crowd was present. many women occupying the
galleries Before the meeting II became known
that the conveyance Of the property to the
United States had already occurred. Great in
terest was manifested. as it was recognized that
the vote on approving the Conveyance would be
the final struggle.
The report Of the council OF administration
was distributed 10 the shareholders. This for
mally announced that President 30 and Director
Riscnrnunn had signed the conveyance and pre-
scented resolution ratifying their action. The
report also gave the text Of the conveyance 20
the United States The most important para
graph reads follows:
Now therefore. We. the New Panama Canal
Company. represented by Messrs. Marus DO and
Albert Rischmann. in consideration Of the pay
ment Of the sum Of S4oO0o0O0 I'm 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 repre-
sentatives Of the United States first above men
toned and the delivery to them of its property
IN Paris and the certificates OF said Panama
Railroad shares dhe property Of the company
TOT btllls uliuedSloou ilCluOe the treasury as
sets 81 The company. including deposits of
money, outstanding credits and investments in
bondsl. and the delivery upon the Isthmus OF
Panama to agent OF the United States
designated by them or ny Che Attorney General
Of the United States Of the remainder Of It's
rights and properties. do hereby acknowledge
and confirm said sale. and do grant. sell and as
sign transfer and set over to the United States
absolutely i'm fun ownership the totality without
exception of the companY's property and rights
on the Isthmus of Panama and ITS maps and
archives at Paris.
The report also gave the opinion Of ex-
Premier Waldeck-R Rousseau on the regularity Of
the transfer and the resolution for the liquida-
ton Of the company after all the property is
turned over to the United States
Secretary Lampre read protest from Bona
parte Wyse uhe original concessionaire) and a
representative OF Colombia against the ratihca-
ton.
The voting began Immediately. without
speechmaking President 30 announced the first
resolution for ratification. which carried
with only five dissenting votes. This brought
out loud applause. The vote was not taken in
detail but the affirmative represented about
TWO hundred and fifty persons present, holding
approximately $4,000 shares
The second resolution was similarly adopted
without a division only two shares dissenting.
The meeting then adjourned. the session last
ing only an hour and a quarter.
The text OF the first resolution adopted is as
follows:
The general assembly after hearing the re-
port Of the administrative council. has hereby
ratified the sale made to rhe government Of the
United States by the council. acting pursuant TO
the authority given by the shareholders. and in
accord with the liquidators Of the Universal In
teroceanic Canal Company.
The resolution also rectes the full text Of the
conveyance 10 the United States.
The second resolution adopted contains the
following principal clause:
The general assembly gives authority definite
" conclude the cessiOn OF all the property ana
rights Of the company 20 the United states. ana
Immediately hand over TO MessTs- Day and Rus-
sell representing the United States. the com
pany's property in Paris including rights OF
every nature the shares Of the Panama Railroad
Company all deeds and papers. and the property
ar Colon. Panama. and elsewhere. as the repre-
sentatives Of the United States may require.
Messrs Day and Russell are highly gratifed at
the result Of the meeting. They VIII remain
here several days 10 take over the archives and
close fp minor details.