The Aberdeen Democrat. (Aberdeen, South Dakota) 1???-1909, 1904-04-29
UNITED STATES CLOSES DEAF
WITH FRENCH COMPANY
FOR ISTHMIAN ROUTE,
SHAREHOLDERS RATlFY
ACTION OF OFFICIALS
Only Five Dissenting Votes Are Cast
Government to Pay Stipulated
Price of SAC, 900, 900 on Delivery
of the Property.

which the ownership of the Panama.
canal passes to the United States is
signed, sealed, delivered and complete.
The title to the canal route is now vest
ed in the government Of the United
States. The transfer is complete and
without reservation, and the United
States secures a perfect title.
Action Is Ratified.
The meeting of the stockholders Of
the company for the purpose of finally
ratifying the transfer of the canal to,
the United States was held in the.
Sale des Agriculteurs Saturday. A
large and demonstrative crowd was:
present, many women occupying the
galleries. Prior to the meeting it -e-
came known that the conveyance of,
the property to the United States had
already been made. Great interest.
was manifested, as it was recognized
that the vote on approving the con-
veyance would be the final struggle.
The report of the council of admin.
istration was distributed to the share-
holders. This formally announced that.
President Bo and Director Rischmann
~ oA5hSa IL SoAFCy dLCc Vduu plG-
sented a resolution ratifying their ac-
ton.
The report also gave the text of the
conveyance to the United States. The
most important paragraph reads as,
follows:
= Nov, therefore, we, the New Pana-
ma Canal company, represented by
Marius DO and Albert Rischmann, I'M
consideration of the payment of the
sum of $40,0 900, 900 in gold coin OF the
United States to the said ompany on
it's order or demand contemporaneous-
ly 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 certif-.
Gates of said Panama railroad shares.
(the property of the company not be-
ing understood to include the treas
ury assets of the company, including:
deposits of money, outstanding credits
and investments on the bonds.t and
the delivery upon the Isthmus of PAN
ama to an agent Of the United States
designated by them or by the attor-
ney general of the United States, of
he remainder Of it's rights and prop
critics, do hereby acknowledge and con-
firm said sale, and do grant, sell and
assign, transfer and set wei to the
United States absolutely in full own
ership the totally 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
Former Premier Waldeck-Rousseau on
the regularity of the transfer and the
resolution for liquidation of the COM
pany after all the property is turned
over to the United States.
Secretary I amrre read c-ctes.frc.
Bonaparte Wyse, the original con-
~cessionaire, and a representative OF
Colombia against the ratification.
The voting began Immediately, with
out speechmaking. President Bo an
nounced the first resolution, for rati-
f%ication, which was carried with only
five dissenting votes. This brought
out loud applause. The vote was not
taken in detail, but the affirmative rep
resented about $50 persons present,
holding approximately 100000 shares.
The second resolution was similar
ly adopted without a division, only
two shares dissenting. The meeting
Their adjourned, the entire session last
Ing only an hour and a quarter.