Show NfWNICARAGUA CANAl SCHEME t ifABITI3IE COMA MY LOSE CONCESSION President Mcnley Will Urge Extension tension of Government Aid to Can stucton of the Waterway New York Oct 2Apeclal t thd Hdivd from Washington s dys I Is the I intention of the administration to urge the construction of the Nicaragua canal by government aid In accordance with the concession of the Maritime Canal company ThIs statement WIS mde t an official ot the admllltrton appropo the report that Evii F CrgIn of Chicago Chi-cago andEfward1yre and Frank SwasJ burn of Scu Yrk had entered Into an Yprk agreement with President Zelaya tb con street the interoceanic canal l Officiamly I th state department has no It foraton showing that President Zelaya has granted the concession mentioned to build the canal after the lapse next October Octo-ber of thecuncesslon of the Maritime Ca cal cman Private advices received here however show that the report Is true true1n order that the agreement will be effective said the official with whom I talked It w1 be necessary to have It ratified by the Nicaraguan congress and the Costa Ricn legislature and the exe cutve twill then have to Pass on I Costa 1cI and Nfaaguur not good enough frierds for the lrmel to ratify any act of the executive and the congress or NI caragua 1 was an extremely hard tusk i for the Maritime company to secure its I I concession an I doubt If another co I cession over tit route could be secured Would this government endorse the I new compans concessIon 1 asetl I uI am sure the president would prefer i tim maintenance of the status quo wa I the reply 1 There are non two bills pendIng in tPa1 dlg i congress providing government aid for the construction ot the canal and one of these will very probably be passed during abir the coming session It IWdss be r 31 clous to throW obstacle in the way or the onstructon of Ute canal nt this time I by eQdorlno the conCCll ot thenew company when work will bo commenced In accordance with the terms or the old I concession and will be prosecute vigorously vigor-ously once government adls obtaIned Rear Admiral Walker chairman of the Nicaraguan canal commissIon expects to submit the report of the commIssion re gardlng the feasibility and cost or tho proposed canal during December The commission wIll then not go out of exist once but will continue to collect and report re-port upon data which Is now being col lected The cost of the canal according to tho latest information will be higher than was believed before the last wa beleved btore las en glnCrlng party returned from Nicaragua and It II noW placed at between l1O000000 and SJKO 0 The canal Is perfectly feasible according to perfecty commission No great difficulty wIll be experienced In constructing the Ochoa dam concerning which the Ludlow board apparently had grave doubts |