The Montgomery advertiser., 1908-12-09
PRESIDENTS ANANIAS
 LETTERS CHALLENGED
Accused of WafulIy Telling an
 Untruth.
New YorA Newspaper Demands sn In- vestisation by Congress, Deciar- ,ng That This Government
 Paid the Money to J.
 P. Morgan & Co.

New York, Dee. s.--The New York World to which Delavan Smith, editor of The TnAlanapelis News, referred n his reuly to President Roosevelts at- tack on him. as the authority for tne article on. the Panama Canal wnIcn appeared in his paper and caIlsu iOt." the Presidents letter says today:
 .In view of President RooseveIs deliberate liisstatemerts of fact m ms scandalous personal attack on. MT. Delayan Smith, editor of The Indiana polls News, The World calls upon tne congress of the United states 70 a1s, an,, n1edfately make full and impartat investigation of the entire Panan@
 s.The inyestieation of 1906 bv the senate commission of the interocesnlc canals, was blocked by the refusal oL William Nelson Cromwell to ansNes the most pertinent questions Of Sena- foe Morean. of Alabama. Since that time nothing has been done because after Senator Morgan's death there was no successor to carry on nls gIsat work of revealing the truth aoous Panama corruption. 4. .ha editorial for which MT. Roosevelt as- sails Mir. Smith: ..
 GIT has Sbeeri charged that the Unit ed states bought from Amertcen Clhl- gems for s40.O00.0eo property tnas eoss those citizens only si2.ooo.vvO. s,. 1mssS ,ss,S $40 O00 0e0 for the property. But wne got the money"
 ChmIIenmen Rooseveit's Vera9sy.
 sPresideht Rooseveits reply to tnis ' most proper question is for the most part a string of abusive ana yoetanlA- a.a- forv epithets. But he also makes tne foliovyIug statements as truthfni in- formation to. the American people:
 Ygrhe United States did not pay Q, cent of the sl0.o00. boo to any ASneyt- can citizen. The goyeEr.pasElt paia the srnrdsnf getfing the receipt of the lir r.s,sssh for .appsin4ed by the Frenca axavnrnnnent eo receive the same. l.
 aefhe United, states governnnent has not the slightest knowledge as to the pafticuiar tndfyiduals afnonR whSna ss So far as I know there was no svndfcate: there certainly was no syndicate in the United States that to my knowledge had any dealings with the government. directly or indirect-
 "To the best of The Worlds Know ladae and belief. each and all of these statements made by Mir. Roosevelt and uuotedf above ere untrue and MT, Roosevelt must have known they were !.
 GAS to the detailed distribution of the Panama loot only one man Knows is all And that man Is William Net- son cromwell The two men Wng were most in Mir. Cromweil's conas dence are Theodore Roosevelt Presi4 dent of the United States and Elihu Root. former secretary of war and now secretary of state. It was they who aided Mir. Cromwell in consum- mating the Panama revolution. ar- ranged the terms of the purchase of the Panama Canal, made the agree. properties, and an additional $10.00O,- oOO for a manufactured Panama re- uublic. every penny of both. of which sums was paid by .cheeck on the Unit. ed States treasury to J. P. Morgan & Co. not to the French government, as Mir Roosevelt says, but 10 J. r. MOT gan & Company. m
 Who Got the AEomeys
 'rha natural query of The Indiana nolis News, as to who got the TnoneyT' was based on The Worlds historical sumnoary of Mir. Cormwell's connec- tion y,th the Panama Canal. The in- auiry was originally The Worlds and fine World accepts Mir. Roosevelts challenge. If congress can have all the documents In the case as Mr. Roosevelt says lot congress make acom plete investigation of the Panama Ca
 
 Nelson Cromwell's connection with the French company. with Panama and with the government of the United states. Let congress ofacially answer this question:
 "The old French company, organiz- Ad by Ferdinand De Lesseps In 1873 failed In 1889, years before Mir. Crom . 1veIi's relations with President Roose- welt began. As Mir. Cromwell testified before the senate committee on Febu- rarv 26 1906. We never had any con naction with the so-called De Lesseps Honsnanv Neither did the United Statas government conduct neogatfons with the old French Panama Canal Company was the New Panama Canal Company, tbe American Panama Canal Company and inc s5 900 900 syndicate which he Sorued 10 finance the new companies. After Mir. cromwell had testilied I do not recall any contract Senator (Panama Canal hearing, volume 3, 1,146.l 1-.,, |.
 elusively empowered under the formal aTreement with the board of direc- tors of the campaigne Nouvelle du Canal de Panama (New Panama Canal Connpanv of France) to effect with an American syndicate the Americaniza. tion of the Panama Canal Company on the following basis
 Record of The Deal.
 "The basis on which Mir. Cromwell was exclusively empowered in thIa contract was that an American Pana- ma Canal Company with a capitaliza- ton of Seo, ,00o, 900 preferred and S45.. GOO. .000 common stock should be ar canized to take over the Panama con sessions and all other property be- longing to the New French Panama Canal Company which bought the same from the old De Lesseps Compa- nv. This company was incorporated in New Jersey with dummy directors
 There was also incorporated in New Jersey with dummy directors the Inter oceanic Canal Company.
 "Senator Morgan unearthed a CODY