The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-11
PANAMA CANAL
SCANDAL AGAIN
IN LIMEL|GHT
William Nelson Cromwell
Makes Explicit Denial for
Himself and Others.
, AMERICAN SYNDICATE
DID NOT GET A DOLLAR
RECORDS OF THE WHOLE TRANS
ACTION PRESERVED IN PARIS
AND EASILY ACCESSIBLE.

New York. Dec. 1o.-william Nelson
cromwell today authorized the following
statement:
NY attention has been called to
statement issued by the editor of the In
dianapolis News. in which he attempts TO
reply TO the charge made by President
Roosevelt that certain statements made
In the Indianapolis News. both before ana
since the recent election, ana relallhS 70
the purchase of the Panama canal Dy Ile
United States. were false ana untrue Inc
president said: -
sThe News gives currency TO the
charge that the United States bought
from American citizens Iqr s4V'VV 49,
s19 d.OO6a The statement is false. The
United States did not pay cent OF the
100000 10 any American citizen, etc.
Quotes the President.
From the statement issued in reply to
the editor of the News / quote the fol-
The only man who paid any atten-
ton TO them (that is. the criticisms re-
ferred to. etc.) was Mr. Charles p. Taft.
who did deny that he was in any way re-
lated TO the affair. We had no word
from the president or Mr.. Taft The
other men. such as Cromwell and Nor
Kan. who were believed to have full in
formation in regard to the business, said
nothing
And he attempts to justify the putli-
cation of the false statements appearing
in his paper by saying that they were
based largely on statements of the New
York World Criticisms which were
made over and over again during the
campaign were utterly ignored until to-
day.
Formal Denial by Cromwell.
The reply Of the editor of the News
furnishes another proof of the justice of
the presidents charact eriZatiOn. for IN
the very journal under whose sheets il
now takes refuge. namely. in the New
York World of Oct. 3, 1905 appears an
explicit and unqualified denial by me of
the story referred TO and in which l used
the following language:
We may expect during a heated po-
litical contest all kinds of stories which,
are not worthy of notice, but this one 7
wish TO denoUnee in the STRONGEST terms
as a lying fabrication, without a shadow
Of the truth in il. Neither ] nor anyone
allied with me. either directly or indi-
rectly. at any time or in any place IN
America or abroad. ever bought sold.
dealt in or even made a penny of profit
out of any stocks, bonds or other secur-
tiles Of either the old Panama Canal com
pduy OF the new Panama Canal COM
pany, or ever received for the same a
single dollar Of the s40.OOO,OOO paid by the
United States. / make this the most
sweeping statement that language can
convey.
Did Not Handle the Money.
&c AS everybody connected with the af-
fair knows. I abstained from receiving
the S40.00,000 in my own hands al Wash
inEtOn or New York as the general coun-
sci for the company. and myself arranged
Tor the payment of the entire $4,000 coo
direct from the treasury of the United
States through the bankers of the gov
eminent into the Bank Of France at
n 10 dot nF
the two companies. There il remained
subject to the order of the liquidators
until distributed by them to the hundreds
OF thousands OF beneficiaries and not ono
dollar Of Il ever came TO me or anyone i'm
any way connected with me OF course.
do NOT refer to our regular compensa-
ton as counsel
Il wish to call attention to the fact
tnat on the first day of the hearing be-
fore the committee on interoceanic canals
OF the senate of the United States. i'm Feb
fuary. 1896 ! voluntarily made an eX-
plictt and detailed statement showing how
the A0,W0O0 was paid by the United
states through Messrs j. p. Morgan &
20 as their agents, to the Bank of
france at Paris. for account of the new
Ianana canal company. and also ex-
planned the subsequent payment of the
iull amount to the liquidators of the new
Panama Canal company. who in turn dis
lrlputed the same to their respective stock
ana eondholders. numbering hundreds of
thousands of persons
statement to Senate Committee.
Il further submitted to the senate COM
nuttee. with the permission of the Pana-
ma government. a detailed statement of
me disposition by the republic Of Panama
OF the NOeto,0)0 paid by the United States
10 Panama in 1904. accounting for the
payment of the whole amount and show
ing the investments and disposition by
me Panama government of every dollar
On the same public inquiry / further
stated, with reference TO the proposed
Americanization Of the Panama Canal
company in the year 1899 and the pro-
posed formation Of syndicate for the
Continued on Page g.