Daily Kennebec journal., 1908-12-16

Germ with Mr. Cromwelrs relation to these
amount of his professional compensation;
1t was not the affair of this government
to inquire who We're the security holders
of the companies. Nevertheless, Mr.
Cromwell. of. his own accord, has sub
mitted to me, together with copy of his
statement published on the l1th instant,
and which transmit herewith. full list
of the stockholders of the New Panama
Canal Company of France on January u,
1900 numbering, over 5000, and list of all
stockholders who were present at a spe-
ruary %, 1902 Immediately after the cable
offer of the company was made to the
United States January 9-11. 1902, to ac-
cept the appraisement of $40, 900 made
by the Isthmian Canal Commission, and
to sell for said. sum the Panama canal,
concessions, and other property; and the
shares of the Panama Railroad Compa-
ny. tie had also furnished me certified
copy, of the final report OF the liInldator
Of the old company: which was filed o., on
the Civil Tribunal of the Seine. together
with summary account prepared ana
signed by said liquidator as late as the
oath ultino. l also transmit q translation
of the two resolutions with the vote
upon them. adopted at a meeting OF the
stockholders of the new COMPANY held on on
ratifying the sale.
All these documents | herewith transmit
as part Of this message sa,er 1T IT Appears ,Pp ara
company number 226,2 29G parties who have
received dividends out of the funds in
the hands of the liquida;tor; 3 VINO o,iti IN ms
of December the second ana last dlstll,
button to the creditors will be begun, and
that the ayerage 80 or I s5s
No payment whatever was or VIII pe
made upon the stock of the old company.
as it was worthless his from III the t aay frdne De
consideration all misleading statements
| regarding possible pulchase by any body
Of the stock Of the ola odina Ianama nd IannI Wili
not receive, a penny. Even upon the
bonded Indebtedness the dividend, 1 am
| thus informed; will amount. IN tne az
| likewise plainly. appears that this dlstri-
| hutton by the 'liquidator of the old COM
pany has been openly & conducted at mans ans
| eel, where all the receipts, accounts ana
records of the payment. are on file 80
The New Panama Canal COMPANY ON any ,,'ol OF
panying papers set forth, this liq'ualed
a rec of is fsncs of and nd
this amount was distributed by the liqui-
| dation in three payments through four
leading banks of Paris, covering a PERIOD
of the past four years ooa and 70 snarenoio st Of
| the transaction was not only taken pup
| liclv. but was, contemporaneously there,
With in ths the banks makng
| ali the parties to whom payments were
made. as is customary IN IN Snen ps,ons naseS Cana,
| comnanv of France was g.. 100000 francs,
and the distribution thus made amount
ed to about lSo fra1eS Hn were eaeh naid sar dur
| ing the 10 years of the company's eX-
| istence 1t therefore resulted that tne
shareholders only recovered tnetr 9llS ma n,,t
| investment with annual lhleiese ~ o"o"
The accounts and records. Of this lau-
dation which was coneludeda me- ait N unnnaise Iunn na
| of Paris as a proper CUSTODIAN OF M .le
same appointed upon sucn liquioa;,ioti, 'a; ,io l.
Recently request was mace opSs pS * = thase
navments but answer was made by the
| custodans that they saw no proper reason
for granting sucn tbr reGueie is pot po the Slight
est ground for suspicion of any bad faIh
| in the transaction, it hardly seems worth
while to make the reqnes1; no 6oubt 6ou + that hat
| IN tho request of our ambassador in
Paris. the lists of individuals VIII be
As a matter of fact. there is nothing
| whatever. in which this government Is
interested, to investigate about TINS
transaction So far as this government is
concerned, every step of the slightest i'm m
| nortance has been made public by 1ts
Executive and every step taken in
France has there been made pubic by the
pTbhe CONGRESS- took the action it did take
after the most minute and eXhaustlve eA-
animation and discussion, and the Execu-
tive carried out the direction of tie Con-
| cress to the letter. Every act OF thls
| government, every act for which M Mthls
| government had the slightest Responsible
itv. was in pursuance of the act of the
Congress here and following out the de
cree of the Civil Tribunal Of the Selne
in France.
Furthermore, through the. entirely vol
untary act of Mr.. Cromwell: l am nov
able to present to you fun informa'ioh ~ a
those acfi9ns did IL nc Save any
Germ. and which are set forth III 'le az
companying papers =, .,. A., Mo-,
panama Canal Company of France dit
not itself propose to fix the figure $40,
CO. COO as the valuation of the canal In an'
railroad properties, inaI rrsl sI'f, rommissio,
!, In it's reports to the Congress after tw'
Years of investigation and personal IN
spection of all the pr9Per5re b nrenartes an an
the work done were in detail appraise'
at that sum as their value to the Unlte.
States. The French conn company m maze Sseaa1; am
offer whatever in answer 70 tne rna r,am;
written requests of the 1sthnian cana
Commission; and when its preSiioen, y eras o., u,
the basis of s169, ,0OC. 900. Later. under con
ditions not necessary now to TO- rehearse ,n'a a,e
S aS sss msde y are
mission. This government. therefore: ac
amired all the. properties and concessions on,
both Of canal and railroad. at ITS v1 owl
ing iu;" the ie'' price, and authorizing the ex M
pendture of the money. after s,.,t,ae;am the mos
r transmit herewith lists of the docu
ments in in the possession of the. depart
ment of state the department of Of 1ustiee Is re-
cnnrress sees fit. it may direct that the
be printed They are. and always hav
been. open to the eXamin;ation ; : OF II an an
| member Of the Congress. There is no on
iect in printing them. but there Is as
no objection to printing them, save ina
It Is a useless expense.
, furnished bv Mr.. Cromwell
T--rnDCRE ROOSEVELT.
The White House, Dec. IS, 1905
, Providence. r. l., Dec 15.-Ih
Providence Journal tomorrow mornln
, will nrint the following telegraphic cor