The Cairo bulletin., 1908-12-11
DID NOT RECEIVE s4o,ooo,ooo FOR
CANAL AS coMPANY's
COUNSEL.
HAS Been DISTRIBUTED
Among Over 100000 5eneficaries in
France---No Americans Made Big
Deal as Declared BY Ger
tain Papers.


, canal by the United States Crom
!. well quoted President Rooseyelt's de
claration that the statement of the
,, Indianapolis News thar the United
States paid to American citizens $40
100000 for property that cost them
only sl2,000000 was false and his
further declaration that the United
| States did not pay one cent OF that
money to any American citizen.
Cromwell also quotes the News as
| giving the New York World as its au,
hority for the statement il made
ICronwell calls attention TO the fact
that In the World Of October last
he made an explicit aud unqualified
denial Of the story referred TO, this
denial containing the declaration thai
neither he nor any one allied with
him directly or indirectly ever dealt
in any manner anywhere in the
stocks, bonds or securities of the
canal or made a penny out of them,
or made a single dollar out Of the
$40, 0Q0000 paid by the United States
Cromwell in the October statement
| said he dir not even receive $4,000
900 into his hands as counsel for the
company, but that ii was paid direct
| by the United States treasury through
the governments bankers into the
bank of France at Paris, to the credit
of the liquidators Of the two com
panies, who distributed it to hun
dreds of thousands of benefciares.
Cromwell then calls attention to the
fact that on the first day of the hear.
ing before the senate committee on
interoceanic canals in February of
1906, he made an explicit and de-
tailed statment showing the above
facts, as to the manner of the nay
ment of the money; also a detailed
statement of the disposition by Pan
ana of sl0.000,G00 paid by the United
States to Panama showing the DIS
lof'tion by Panama of every dollar.
lie also says he told that same
committee that the alleged syndicate
or Americanizing the canal company
has mo life or force of being, did NOT
exist and never has existed, and is a.
dead as a door nail
Cromwell says all this testimony is
public record and available to the
World, and the News, and had eitheg
81 them been as interested in publish |
ing the truth as they were to create
a political sensation they doubtless |
would have taken pains to have /. 3 |
lished the above facts, which | quote" /
Absolutely and unquaIihedly false |
is the characterization Cromwell then |
gives to statements published by the !
World and the News. He enters into |
a long detailed statement of various |
negotiations leading up to and includ |
ing the final purchase of the canal by
the United Suites. He then says
Since recent publications have
made inquiries in Paris and am m
formed that the distribution of these
is a matter OF public record;
that the amount received by the
iiquidator of the old Panama Canal
Company has been distributed by him
rs an officer OF the court TO the hold
Prs OF obligations Of the old com
Dany; that these persons appeared in
person at the office of the liquidator
10 receipt for moneys paid 10 them
hai they numbered 22G.29G. the lars
est number Of individuals probably
ever appearing in person upon a sin.
gie business affair. and that The aver
age amount paid was S15G.
Complete and detailed record Of
these payments. together with the
names and receipts OF every person 70
whom payment was made and the
amount Of such payment, is in the
hands of the liquidator at his office al
80 Rue Etienne Marcel. aPris. which /
Is 10 prominent and frequentel part
IF the city near the Bourse. easily
.ound by any one DESTROYS Of doing
so
Cromwell follows with a statement
showing that the money paid the new
Panama Canal Company was disiib
red among the shareholders by the
Paris banks. ihe final payment being
made in June Of 1905. He gives the
lanes OF the banks and offices where
Iaymeuts on the shares was made
, am positively certain that not "a
nan in public life. iu America In or
M Of congress. ever had the least
lecuniaIy interest iB the Panama
anal. declare Cromwell
A 70 ne mention By the News Of
BE- names 81 Charles P. Taft art
Douglas Robinson in connection with
he canal. Cromwell says. No men
1T Of the Taft family OF Douglas
robinson ever had the remotest con
ection with fhe Panama canal mat
Prs. directly or indicelty. and 7 ncver
Az one Of them on this subject be-
lre the intel States acquired the |
anal I never saw Douglas Robinson /
nv life.
He also invites attention to the fac
al 81 is a matter Of public history
81 the president-elect never had any