Show PANAMA CANALS CANAL-S and Unexpected Solution of the Problem Looked For NEW YORK Feb 29A dispatch to the Herald from Paris says A startling start-ling and unexpected solution of the Panama canal problem is presented a a possibility of the near future This Is In the form of the consolidation of the Panama Canal company with the Nicarag Canal company The Herald learns that the president of the latter corporation Mr J R I Bartlett who ha just left Paris for America bears with him an Ameica wih agreement agree-ment for the fusion of the two companies com-panies This agreement was formally signed here but Is not conclusive I is understood that i will become operative on behalf of the Panama company when concurred in by the directors of the Nicaragua capital in New York I provides for the absorption of the Panama franchise and assets includ aetsr ing the railroad across the isthmus The French company is to receive a substantial sum of money and stock in the American corporation which will proceed to pierce the isthmus via lake Nicaragua The inducements to the Panama people besides the material tonal considerations were an honorable I honor-able relief from ever recurring turmoil over their affairs and the presentation to their shareholders of an interest in a more vital concern The Nicaragua representatives on their part claim to derive great advantage ad-vantage from the removal of a possible future competitor and the securing of a monopoly of the water way between the two oceans With this change in the situation the many bankers of Great Britain and the continental Britn ontnental centers cen-ters as well as of America wel are prepared pre-pared bonds to float the Nicaragua companys |