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Show The 4'unnl lroject. New York, 26. The World has an editorial ou ibo Panama Canal in which it says Grant's nomination to the presidency" o( the canal company com-pany Buows that what the promoters of the canal really want from this Bide of the Atlantic is not American Ameri-can money, but an authorative assurance assur-ance t'ja; tbe United StateB do not mean to put any imped imentg in their way. The writer thinks it may as well bo understood that anybody who invests bis money in shares of the Panama Canal Company doeB eo at the risk of buying what may be called, for courtesy's sake, an international lawsuit of somewhat colossal proportions. propor-tions. The case of tho Straits of Magellan iB then cited, and the re sponBibility of Columbia pointed out in giving loreign powers an exclusive waterway through the continent. It in not to be conceived, enyB the IForW, that the United States government wiil now be content with anything leeB than complete and effectual nenlralizalion under guarantees satisfactory satis-factory to this country in case of the proposed Panama canal. The plans of Lesseps are wholly impracticable from the point of view of Bcieuce. This may be open to discussion, and certainly it is not within the province of laymen to consider such a question, but practicable or impracticable, the duly of the United Slates government iu tbe case is as clear aa day. Nor do we doubt that it will be done and done without unnecessary un-necessary delay. Possibly wise men will ftel inclined to wait until tbe re suits ol such action on the part of this government are known, before embracing em-bracing the brilliant prospects held out to them by the proepecters of Leeseps and his associates. |