Show JOHN SHERMANS WARNINGS WARNING the senator sim salis I 1 uncle sam must control tilt hit likar nicaragua agua canal IMPENDING PERILS CONNECTED WITH IT it may become for foreign nation a dependency more erml foral bablo than gibralter and more troublesome than canada copyright 11 by Ilch rl A joannon I 1 tho the important question ns As to what action tho the united states Cotrit ment should tike like in mcgara to the ihn proposed construction of 0 the th nicaragua canal III bo be the subject ot of a careful article by senator john S sherman herman in tho the march number of the forum senator sherman nan begins by reviews reviewing aa the history of the canal project fro from tho the treaty of december 1 wf 1814 by which tho the republic of Nic nicaragua aragus agreed attree il that tha work should he bo undertaken by tho the united fi is lats tattle ill ili hla his inca ines saco saire to tile tho benale senale december in irm president arthur strongly recommended the ratification of tile tho treaty out but no formal action followed president cleveland withdrew the treaty from froin tho the consideration of tho the senate aou on after his hl tion llon slid and in hi first annual ago gave his reasons tor for so 0 o joint diving aich A vero mere briefly that he did not favor a apo policy liry of acquisition of now new and cliant territory or tho the incorporation of remote lit in ter piti ia lilt our own s the incorporation in february of tile tho maritime canal company of nic nrania an ai of cit citizens livens of tho the united mateo Is then considered conI dered the republic of nicaragua acu had granted to this the right to tn construct tho the canal to sell lit lt stork stock and bonds for tho funds required nit and to in seek tile tho aid of foreign powers especially the united states Ell mate nian by engineers employed by tal romping rom corn piny parly havo been revised d by a board of ron alting engl noer and fore forc any alii ald 1 rendered by the united ct mates ates ure tire to be still further revised hy by officers of tho the army end and navy of tho the united olneq mates OLt eq TUB THE rolt UI OF ayr Is placed at ed at q 1176 Ing to Is added lir fr possible able contine acles cho bimm sum of 1 I and all ail allona uco for st on invested money tho 0 of tho the work making leaking the limit of ic alig regato cost about Iso sher nian considers coned ra elio llio one ancl doering dini culli q of which tile greatest will hu by let inot in the construction of tier bors bora at tile ilio terin termini int and it IL is its ills olin ol in imi that they are an nol hot so arc at As those videll viero over coine in fit the or of alir canal tho the total lata lee f from rent oran onu to ocean Is kiil ni il of alch s it fell only 20 9 miles vill mill he bo by excavated canal work la Is in pr 0 gresa and ami the iho to ro so suit its are satisfactory the of tho the work to tho the li Is bromly presented pren tl senator sherman declares that ihal tho the canal aiu ill fur for the arat tigue mako pos poi eblo an of tho the monroe hitherto a mere I 1 in to american rlynn policy lift lie thon then proceeds to a consideration of tho ilia quel question how tho the financial bo be met lie ilo pre presents lits iowa as follows it 1 la proper for tile 1110 tu to tile ho fact acl list the mat illitia ielmo canal coul pAny and it 0 t lie construction Coni organized by it be diio janou no DO application tu buo rt fur for alt aid tho the Mir Marl lUdio thoo cudlip Cuin LOT riny can call no doubt by making grout of 0 Us stock block und slid builds 0 bonuro o e ure I 1 alio lie completion ot of tile tho canal canul but all experience allow tiuis that ihla Is hill III iavolo an output tit of MOIL R unil 11 bund that N I 1 tl ll toe be a charge und burden upon tile that clint asod afir ugh tin tile cinal alio Ien atit on oil foreign liui iles the iho of tile Marit lino Colo PanY us u to lo their fland for or raising rait lir money car to tic lie so lally thu the dative so na adoli ted for borka ol of constructed by P or to corp tiona A at 4 u 0 Ara bonto or profit can bu derived troll roni tile work until its U completion bod nelll ll 11 tho the actual pago of vessels through I 1 lie hu entire length of canal the col cui n nany ivan Y rely upon its credit or oven its own ni roes toil under milder tile tho must inoel favorably fAVOrA ivor bLU ire st mors it I 1 IM botto bon chat tho burden borden of aiu nork would gold ii out uld arut rout tile ins ila not leu less ban aban and might offend extend to of it borrow borrowe oil dut at IL high rule rate of interest Inter tt by large dia couett cou thin stolk find it bonds would have to bo be 1121 ed of la in abe tb e market 80 aad it would lie alil id larit alyin european drope neon coun t arlea r lea so though tho the work la 19 instituted a aal 0 d conducted conduct by american citizens the control and management ot abo corporation would drift into tho the hands of holders klio be would lavo have no regard to abe important american interests lu in aby work oil the wier hand it 66 apparent ap that if tile united stated should aid ld abe lb work by credit the ibo maritime company would bo be ablo able to complete it ut at tile tho estin isted cost coat without discount or loss and to la consideration for this aid the united states could prescribe lucli terms and conditions as would carry out the object of atio and tile david pulley of title ibl ov that while tho the work would bu tor ur thu the of all us ita it won would id not pass pas front from Anie control or tit united states will sit in ull all it ninn probability carry the clisol tillei commerce through the canal and it ls la for C tho lie interest of our people that tho the cho char sea fc on should be b so low as 88 to in cities anco the iba lirot possible to avail of the bene benefits lits or of the canal the T thon wi was in what way should title this aid be rendered without involving departure from our policy le R dated by mr and without peo civila y loss or untangling alliance rive rho only I 1 no I 1 bod that was WA suggested wan idas tho the ono one adopted by other nations under like and especially by great britain to la respell to tb ibe baez canal namely that tho the L united state tili in consideration of its 1 secure such ruch a control of tho majority A i of fit tho the stuck block us as to enable it to protect te t rho lie interest of its ILs people and such buch control 0 it I 1 the I 1 0 red on ins work M certainly tain ay to jim the obligations of company to the actual cot cost of the can 1 if la in money these primary objects object base been it la Is thought secured in the bill now pending by in unconditional guarantee of payment of I 1 alio principal and interest of abo bonds of the a company pany be ring a alow low rate of interest by tho of the proceeds of phefe bond benm under tho the direction of f united states engineers to the ho work done don 0 1 and n by the tha transfer of ou out I 1 f t in stock to tho the united baates with tho the power to vote tot tho ilia took and witt with 16 proper on 00 tho the board of directors these nod dud other ions of alio llio th a bill 1 reported will it tit la confidently believed not no only y mccure tho the completion ot of the iho work tit at coot coat but will place it lit in the power of the th states to protect its in citizens in tho the all conceded by coata pica aud will prevent tho the of the work from falling into tho the hands ot of men who are indifferent or hostilo to american interests in that portion of tho the world tho the monitor wat that the bill deals antly ju elih the american citizen sw la 0 took up thil work after tho the united staten had bad declined it ft and at tho the same does not pledge the credit of tho the government to tho the furtherance of personal interests it provides that the iho promoters promoter sol of canal should bo be reimbursed only for the iho actual cost to I 1 hom of the work already alre ady doria and that this cost ho be ascertained by proper of tile ali government ovorn ment and paid in the iho bond of tho the Mariti tact company guaranteed by hy tho the united malm tile tho Mitri dantimo tinto C Coro kompany pany had agreed niah ia fib tho the conati diction company to give the latter in in conold ora of I 1 from rom nicaragua and cott costs kica elea transferred trant forrect by tho the con tri to tile tho maritime company 14 1 rut cut down to tile um surn of r in bondi hit anuil t go to I 1 nice baglia raffi ift and Sl to costa rica this would he be all tho the sto stock k tho the two tan t an rilei objected object wl strongly at firlit but finally agreed to this arrange tn 11 nt et tho the article arli clr which 1 tho the mou most important apor tenter of any that Is f to appear in next mouths review into a full dl U ell ellston slon of tile iho finai finall KIil cial aspects of tile tho project ir a follo follows wo or to dogtrot norl cl tho the opportunity now offered would leave pan tilt thi on torpil st to tho the chances of failure or nr for fr ila lt control to lo commercial rivals ulic fixed polley policy would lead thom them to convert a groat great or of into ant a dependency more inore formidable than find more trouble some than callula Cai iMla A commercial com coal piny irmy lit in india haa fins born br an converted into a vast empire tile tho port of liong kong Is made to dominate a great P population 0 pit tit in china the iho control of tho suez canal find and of egypt lus has been purchased in elie ali stock market cheso aro are to ili taft american peo plato abtil themselves themi elvo of at the opportunity now open to thoin them to protect vt trade from interruption and aitho at iho amo with little cot still anil no risk rink to conerl buto bulo to 10 alin world ono one of cho greatest achet ernests of mind over matter that has bas over over been by man |