Show The Hle r BB silt New York 1 7YMM1 editorial Tho Nicaragua Canal bill reported by Miller leave the international questions sa olvadjn the project in the sane hopeless angle as beforer ThrsnppreufoB of the demand for a guarantee of dividends lean the bill in an apparently snob ectlonable shape so far as the relations of the company to the national treasury are concerned We congratulate the saaapimy upon the improve preipscU their canal for a guarantee clause would probably have been fatal to the act of incorporation corporation New York 1IWt Washington special Senator Killer of California who has charge of the Nicaragua Canal nil is i very confident it will pass now that the quarantine clause has been stricken out Opinions differ as to the intent af this section Captain Phillips who has been very active in the Nicaragua Nicara-gua scheme says the bill gives us any right of control that It now hat or caa obtain from Nicaragua If the government govern-ment shall take possession of the canal for national reasons it has to pay the company for the first year at the rate of the net esrnings of the canal for the year previous and for any subsequent year an amount proportionate to an increase i of the trade going through the canal The point his that the government is not to pay anything unless it shall receive re-ceive something |