The Montgomery advertiser., 1904-05-24
COME FOR THE MONEY
PANAMA COMMISSIONERS TO AR
 RIVE TOMORROW.
Their Expected Presence Revives in- terest in the Financial Condition
 of the New Republic--Is In z Good shape.
Advertiser Bureau, Colorado Building.

Washington. May 70. Ricardo Arias and Eusabia A. Nor ales, the commissioners pienipotenti- ary appointed by the Panama Consti- tuttonaI convention two weeks ago to receive from J. P. Morgan S Company and to invest the $10,0O0,000 recently paid to the Republic of Panama by the United States government will ar rive in New York Wednesday
 Thelr expected arrival has. revived considerable interest in Washington regarding the financial status of the Republic of Panama, and regarding es- pecially the question as to how much money the republic owes to bankers in New York and Panama who helped to finance the republic of Panama as soon as the secession movement succeeded.
 It has frequently been reported that the Panama government owes s4,000,- 900 or S5,000,O 900. These reports were to-day especially denied by persons who are in close touch with authorities both in Washington and Panama. Ac- cording to these authorities, the debt of the Republic of Panama amounts only to $500, 900. Of this amount the Panama government owes to J. P. Nor gan & Company $100,000 in payment of a loan made by that house one week after Panama seeded, to the Bowling Green Trust Company of New York S1OO, 900 in payment of a loan made a month ago; to F. Brandon & Brothers of New York. and Panama, $200,00O, in payment of loans made at frequent and irregular intervals since Panama ob- tained her independence, and the bal- ance, S400.00 to Henry Ehrman & Company and Piza Lindo & Company. both of Panama. The last named house Is a branch of the firm of Piza, Newphews & Company of New York. The loans made by J. P. Morgan & Company bear the rate of per cent. interest per annum. The Morgan house pays Panama ? per cent. per annum on all moneys intrusted to it's custody by the Panama government. The Unit ed States has paid Panama through J. P. Morgan & Company 1O.000.000 in two installments, $1.00o.000 on May 2nd. and $9.0o0,000 on May 18th. Of this amount J. F. Morgan & Company have shipped to Panama $200,O00. leay- ing a balance of s9.s00.000 in Pana- mas favor in the Morgan banking house.
 The $200.O0O shipped to Panama has been used to take up loans there, and to pay the current expenses of the government The Panama commission will invest S6,000.0 .00O of 9.S00.0 .0O0 in
 
 exceeding $250,000 each. The invest ments will be made after consultation with J. P. Morgan & Company, the fis- cal agents of the Panama Republic in the United States. The balance, s3,- POOL 900, will be shipped to Panama to be used in internal Improvement, and for government expenses
 The Panama minister to the United States. J. Domingo Obaldia, accompa- nied by Mrs. Obaldia and their two sons. will arrive In New York from Panama, June ', and in Washington June IS. Mir. Obaldia's eldest son, Generdso Obaldia. will be attache of the legation. The new minister was Governor of Panama at the time, of the revolution and was arrested in the city of Panama on the night of the up- rising by c. c. Arosemena who is now charge d'affaires of the Panama lega- ton in Washington and imprisoned for four days in the house of Dr. Manuel Amador who is now president of the Republic of Panama. As Min ister Obaldia is a native of Panama, it is presumed that he was in sympa- thy with the revolution As soon as Panama's independence was recognized he took the oath of allegiance to the Panama government and was promptly elected second vice president of the republic. c. C. Arosemena. charge d. affaires of the Panama legation here and a nephew of the newly appointed Panama minister at Paris. pr. Pablo Arosemena will be promoted to the position of secretary of legation.
 Mir. Arosemena will leave Washing ton tomorrow morning to meet the Panama commissioners on their ar- rival in New York next Wednesday.