Show Ttiniiopsn Fakes the Canal Presidency New York 11In a conversation yesterday Thompson confirmed the re C ort of hs acceptance of the presidency of the Panama Canal saying he was OIly awaiting further dispatches from Parts His dulse1 he slid were to be in the mum supervisory and the protec tion of the interests cf 1 American saves tors and to see to it that neutrality in the management oUb canal is strictly maintained main-tained Veto power to some extent was to be lodged with the American board It was to kayo powsr also to a certain ex tent 10 < nr ko contracts The exact limits of the powers of the American committee have not he said been very definitely settled but they will bo txtencire enough to guarantee complete protection to the commerce of this country and to the holder3 of Panama canal stock here The American office will be opened in this city and heie Mr Thompson will preside Do said he hi not yet concluded con-cluded upon the action he should take as to his seat in the cabinet There was no haste necessary rs tho negotiations with the Paris managers cf tho canal scheme had only just opened and several weeks would ellipse before they would becoscd For a tine therefore the duties of the Ame ican con > mUte would ba ve y tight and a month er two of time was not material on a project which would consume eight years to carry cut i T |