The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1908-12-19

licly but was. contemporaneously
Herewith advertised IN the financial
papers OF France and the banks max
ing the payments took proper receipts
from all the parties 10 whom payments
were made, as is customary in suca
cases.
The capital % The New Panama
company OF France was 5000 900
francs. and the distribution thus made
amounted 10 about 1870 francs on each
snare OF 100 francs. No dividends
were paid during the ten years OF the
companys existence u therefore re-
suited that the shareholders only re-
covered their original investment with
lLnral ihitfes; q about per cent
sseeres en- Deposit.
Tks accounts and records OF this
liquicalion which was concluded In
June last. aye on deposit with tho
Credit Lyonnaise 81 Paris as proper
custodian Of the same, appointed upon
such liquidation. Recently a request
was made by private individual 10
inspect the records OF these payments.
but answer was made by the custo-
dams that they saw no proper reason
for granting such request by stranger
and. inasmueh as there Is not the
slightest ground for suspicion OF any
bad faith In the transaction. Il hardly
seems worth while 10 make the re-
quest; but II the congress desires.
have no doubt that on the request OF
our ambassador in Paris. the lists OF
individuals viii be shown him.
AS matter OF fact, there is nothing
whatever, in which this government is
interested, 10 investigate about this
transaction So far as this govern
ment is concerned. every step OF the
slightest importance has been made
public by the proper officials.
Fulfilled Direction Of Congress.
The congress took the action It did
take after the most minute and ex-
haustiye examination and discussion.
and the executive carried out tho
direction OF the congress 10 the letter
Every act of this government. every
act for which this government had the
slightest responsibility. was in pursu-
ance OF the act OF the congress here
and following out the DEGREES or the
Civil Tribunal OF the Seine in France
Furthermore, through the entirely
voluntary act OF Mr.. Cromwell. am
now able to present 10 you full lnfor-
nation as 70 these actions in France
with which this government did not
have any concern, and which are set
forth In the accompanying papers.
IL Will be well 10 recall that the New
Panama Canal Company OF France did
not itself propose to fix the figure siO.-
100000 as the valuation OF the canal
and railroad properties. That sum was
first fixed by our Isthmian Canal Com
mission in its reports 10 the congress
after two years OF investigation and |
personal inspection OF all the proper |
ties and work already done whereby /
the properties and the work done were
In detail appraised at that sum as
their value to the United States.
Company Accepted Appraisement.
The French company steadily refus-
ed for over two years 20 make any of
Ter whatever In answer 10 the many
written requests OF the Isthmian Canal
Commission. and when rs president
lid approach the question OF price, II
was on the basis OF $lO9 900 600. Later
under conditions not necessary now TO
the company, by cable. ac-
'epted the appraisement OF 100000 700
made by our commission This gov
eminent, therefore. acquired all the
properties and concessions, both OF
anal and railroad. al It's own Yalua-
ion and price, the congress APPROX
ne the price and authorizing the cx.
,enditure Of the money after the most
Exhaustive examination and discus
ion.
! transmit herewith lists OF The docu-
nents IN the possession Of the DEPART
nent Of state, the department Of JUS
ice and the department Of war SO that.
I the congress sees ct. Il may direct
hat they be printed They are. and
.lways have been, open 70 the examin-
tion Of any member OF the congress
here Is no object IN printing them, but
here Is also no objection 20 printing
hem save Il Is a useless expense
] also transmit list OF the docu- J
nents furnished by Mr. Cromwell !
THEODORE ROOSEVELT. I
The White House. Dec, IS. 1908. :