The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-24
CANAL TRANSFERRED
Last Formally in Paris Is Com
piled With.

PARIS. April 2S.-The meeting Of
stockholders of the Panama Canal
company for the purpose of finally rat
flying the transfer of the canal to the
United States was held in the Sale
deS Agriculteur today. A large crowd
was present, many occupying the gal
lerieS. Prior to the meeting it became
known that the conveyance of the
property to the United States had al
ready been made. Great interest was
manifested, as it was recognized that
the vote on approving the conveyance
would be the final struggle.
The report of the council of admin
istratfon was distributed to the share
holders. This formally announced
that President Bo and Director Risch-
mann had signed the conveyance and
presented a resolution ratifying their
action. The report also gave the text
of the conveyance to the United States.
The most important paragraph reads:
Now, therefore. we, the New Panama
company. represented by Marius Bo and
Albert RiSchmann. in consideration of the
coin Of the United States to the said
company on its order or demand contem-
poraneously with the delivery of this
present conveyance to the representatives
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 (the property
or the company not being understood to
include sthe treasury assets of the com
pany, including deposits of money out
standing credits and investments on the
bondS) and the delivery upon the isthmus
of Panama to an agent Of the United
States designated by them or by the at
torney general of the United States Of
the remainder of its rights and proper
ties. do hereby acknowledge and confirm
said sale and do grant. sell and assign.
transfer and set over to the United States
absolutely in full ownership the tOtality
without exception of the company S prop
erty and rights on the iSthnlus of Panama
and its maps and archives at Raris.
The report also gave the opinion of
former Premier Waldeck- Rousseau on
the regularity of the transfer and the
resolution for the liquidation Of the
company after all the property is turn
ed over to the United States.
Secretary Lampre read a protest
from BOnaparte Wyse, the original
conceSSiOnaire and a representative Of
Colombia, against the ratification. The
voting began Immediately with other
speech making. President Ro an
nounced the first resolution, for ratifi-
cation, which was carried with only
| five dissenting votes. This brought out
| loud applause. The affirmative vote
represented about ESQ persons present,
holding approximately $50, 600 shares.
The second resolution was similarly
adopted without division, only two dis
senting. The meeting then adjourned.
WASHINGTON, d. c., April %. -
| The money for the canal company will
be paid over by the secretary of the
treasury, it is understood. Secretary
Hay himself viii pay to the republic Of
Panama the $10,000,000 to which it has
| become entitled. This payment will be
| made in Washington to Senior Arosa-
| mena, the minister from Panama, as
! soon as the government of that state
| authorizes him by rcable to accept the
| money. The authorities In Panama
have become clamorous for the pay
| ment, as the money is needed-to defray
| certain expenses already incurred in
connection with the creation of the
new state.