The evening world., 1909-02-17

| airy, In the yonr OF our Lord one thou
sand nine hundred ana two. anothe
} Cablegram WAS sent hy said 30 To Thu
: said Admiral John O. Walker. Chair
man Of the said commission. as afore
said Of the substance following
The offer ~ cog.iun of all Of ON
properties comprises also all plans anC
archives to Paris
Upon this offer NJ sale by the said
Compagnie Nouyelle du Canal de Pa
mama ut the exact RIure and sun
specified by the said commission APP
pointed under the aforesaid act Of CON
gress, as the reasonable value OF the
properties OF the said Compagnie Nou-
vclle du Canal de Panama, on the 18TH
mus of Panama, as appraised by the
said commission, thereafter. to wit, on
the twenty eighth day OF June. in the
year OF our Lord. one thousand nine
hundred and two, the said Congress Of
the said United states passed an act
providing as follows.
The Purchase.
THAT the President OF the United
States Is hereby authorized to acquire
for and on behalf OF the United states,
A. cost not exceeding forty millions
OF dollars, the rights, privileges, fran
chises. concessions. grants OF land, right
OF way, unfinished work, plants and
other property. real. personal and
! mixed. OF every name and nature, owned
| by the New Panama Canal Company, OF
| France, on the lsthmus OF Panama, and
all It's maps, plans. drawings, records
on the Isthmus OF Panama and in Paris.
including all the capital stock, not less
however, than siXty-eight thousand
etgh, hundred and sixty-three shares OF
the Panama Railroad Company owned
| by or held for the use of said Canal
company. provided satisfactory title
to all of said property can be obtained 4"
Acting under the authority and in
obedience 10 the direction OF the afore-
said act " Congress. the President OF
the United States directed the Attor-
ney-General Of the United States to en-
anime the title OF the said Compagnle
Nouvelle du Canal de Panama. TO the
properties on the Isthmus OF Panama
which It proposed 10 sell as aforesaid
The said Attorney General searched and
examined the records proceedings, ar
otrat!ons and all other documents
which would have relation 10 the title
OF the Compagnie Nouvelle du Canal
de Panama, to the property 50 pro-
posed TO be sold as aforesaid, and there
after the said Attorney-General rem
dered his opinion that good and suffi-
cient title could be delivered BY the said
Compagn!e Nouvelle du Canal de Pan
ANA and that the said properties could
be purchased by the United States,
under the authority OF the act OF Con-
gress last aforesaid. approved the TWEEN
ty-eighth day OF June, in the year Of
our Lord one thousand nine hundred
and two. And thereafter, to wit, on the
sixteenth and twenty.th'rd days Of
April. and on, to wit, the seventh and
tenth days OF May, in the year OF our
Lord one thousand nine hundred and
four, the proper deed and conveyance
OF the properties and rights aforesaid
Of the said Compagne Nouvelle du
Canal de Panam on the lsthmus OF
Panama was made and delivered to the
said United States OF America. and
thereby the said United States OF Amer
lea acquired full title to the said canal
thus in the progress Of construction by
the said Compagnie Nouvele du Canal
de Panama through and across the
Isthmus OF Panama, and OF all OF Its
said properties, as mentioned in the
aforesaid agreement OF sale. And there
then became due from the said United
States OF America, to the said Com
the sum OF forty million dollars, the
purchase price agreed upo mas the con-
sidera ton for the sale aforesaid.
The said United States OF America ar
ranged, pursuant to convention and
agreement, to deposit the said 100000
in the Bank OF France 10 the credit OF
the vendor OF said property. And to the
end OF establishing q convenient and
safe medium for this payment tho said
United States Of America on, to wit, the
twenty eighth day OF April, In the year
OF our Lord one thousand nine hundred
and four, appointed the firm OF ]. P,
Morgan & Co. a copartnership for carry
ing on q banking business In the city Of
New York State OF New York, and in
II, - d. - l. tol
bursting agent OF the United States OF
America for the Treasury Department
10 transmit the said sum OF 100000,
the purchase price aforesaid. TO France,
pursuant to the directions and the de-
mands OF the vendor, according 70 an
agreement OF apportionment and distri-
button Of the said sioCoGC had In The
premises between. the said Compagnie
Nouvelle du Canal de Panama and the
said Gautron, l!auidator OF the COM
pagnle ,Universele du Canal Tnterocean-
ique de Panama, based upon the respec-
tive rights and interests OF the two com.
panies in the premises, determined by
the award OF the arb!trators appointed
under an agreement between the said
Compagnie Nouyelle du Canal de Pan
ANA and the said Gautron, liquidator, as
aforesaid, Of the cnmpagnie tn!verselle
du Canal Interoceanilue lie Panama, APP
proved by the said civil Tribunal OF the
Seine.
It was further agreed by the said
firm OF J. p. Morgan & Co. and
the said Compagnie Nouvelle du Canal
de Panama that the said CompaEnie
Nouvelle du Canal de Panama should
the aforesaid forty million dollars. and
the said firm OF ]. P Morgan & Co.
further guaranteed the said United
States that Il should be subjected TO
no expense for their services in this
behalf and the said United States was
not subjected to and did not bear any
expense on this account.
The said Conipagnie Universelle du
Canal Iutsroceanique de Panama had
passed into the hands OF liquidator
prior to the sale Of the canal property,
as aforesaid, and at the time OF the
said sele, tn wit. on the sixteenth and
twenty-third days OF April In the year
of our Lord one thousand nine hun
dred ana four, the said Compagnle Nou-
Vcle du Canal de Panama, al a meeting
of its stockholders in general assembly
main Office OF the said company In the
said city, simultaneously agreed and
voted 10 dissolve, and the said Com
pagnie Nouvelle du Canal de Panama
thereupon also passed into liquidation.
Morgan's Firm Acts
CARRYING out the purpose u this ap-
pOintment thereafter the said firm OF j.
p Morgan g. 90. paid into the Bank OF
France, for account OF said COmpagnie
Nouvelle du Cana lie Panama the whole
Of me said sum II forty million dollars.
BY order Of the said company. one nun
dred and twenty eight million SIX hun
drei thousand francs were paid into the
bank " France TO the credit Of the afOre-
g,1..fFpp 'iuIIiig NJ he 4fDTeSpll