The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-12-09

| concern. then creates a holding com
pany and recapitaiization. keeping a
majority control in syndicate urus-
! teeship.'
Finding that. to quote from Mr..
Cromwell's testimony, in May. 1904.
representing the new Panama canal
and Judges Day and Russell, repre-
senting Attorney General Knox. con
summatei, the transfer and sale TO
the United States.
Conflicting Statements.
..Mr. Roosevelt says the government
paid this s40,000.000 direct TO the
1 French government
Mr.. Cromwell testified that the
| United States paid the money to j.
Pierpont Morgan & Co.
mir. Roosevelt says the French gov.
eminent distributed the sum-
MIR. Cromwell testified as TO how
he distributed it.
"Mr. Roosevelt talks OF getting the
receipt of the liqudator appointed by
the French government to receive the
same
MIR. Cromwell testified of the $40,-
| 600. 600 thus paid by the United States
government $25,000,000 was paid TO
| the liquidator of the old Panama ca
| nal company under and in pursuance
of an agreement entered into between
| the liqTidator and the new company
| OF the balace of $15,000,000 paid TO
| the New Panama Canal Company,
| So. 1000 900 have already been distrib-
uted among its stockholders and the
remainder is now being held awaiting
final distribution and payment.
! Further Testimony.
ssVhat follows is further eloquent
testimony taken by the senate COM
nlittee:
"sSenator Taliferro-There is 49,
O00, DOOR
"sMr. Cromwell-Three million, yes
sir
Senator Taliferro-who holds
that money!
Mr.. Cromwell-The New Panama
Canal company, in its treasury.
And vet Mr. Roosevelt says that
the United States government mas
not the slightest knowledge as to the
distribution of s40,000,000 and that
this was the business of the French
government
AS to Mr.. Roosevelt's statement
that there was no syndicate he could
have read the syndicate subscription
agreement on page 1850. volume 2, OF
the testimony before the committee on
inter-oceanic canals-if he had cared
for the truth
s.That the United States govern
nent was not dealing with the
French government or the hquldator
appointed by the French government
or with Colombia, or with Panama, or
with anyone else except William Mel
son Cromwell and his associates, is
made still more plain by The descrip-
ton of Senior J. Gabril Duque as TO
the Panama revolution and as to the
manner in which Mr.. Cromwell got
SO 600, 900 additional from the United
States treasury. Senior Duque said
Mr.. Cromwell made the revolution
He offered to make me the new pres
ident of the republic and to see me
through if / would raise a small force
of men and declare a secession from
Colombia. He made promises that
we should nave the help of his gov
eminent. 1t was accompanied by the
liberal use of money. We bought this
general and that one, paying $4,000 TO
$4,000 per general.
eiThe Colombian officers were all
paid off and the Colombian general
who was sent to stop the revolution
was also bought or
.sThen Mr.. Cromwell. having been
elected by the Panama Republic as
General Counsel, and he and j. Pier
mont Morgan having been appointed
a fiscal commission negotiated with
President Roosevelt by which the
United States paid $4,000 900 more to
the fiscal commission for Mr.. Crom-
wells Panama Republic. OF this
money, three-quarters is still under
the control of the fiscal commission
Why Did It?
.sWhy did the United States pay
$40 600 900 for a bankrupt property
whose control could have been bought
in the open market for less than S4,-
600 zoo?
"Who were the Panama Canal COM
pany?
ssWho bought up the obligatfons of
the old Panama company for few
cents on the dollar?
Among whom was divided the slo,-
00O, 900 paid to the new Panama Can
al company?
whether Douglas Robinson, who is
| Mr.. Roosevelt's brother-in-Iaw, or any
of Mr.. Taft's brothers associated him.
self with Mr. Cromwell in Panama eX-
pIoitation or share in these profits is
incidental to the main issue Of letting
in the light
whether they did or did not.
whether all the nrofits went into Mr..
Nelson CromwelI's hanis Or whatever
became of them, the fact that Theo-
dore Roosevelt. as president of the
United States. issued public state
ment about such a public matter full
| of fIaerant untruths, reeking with
misstatementS, challenging line by
| line the testimony of his associates.
| Cromwell and the official records,
makes it imperative that full public
| fly come at once through the author
ity and by the action Of congress