Show PANAMA AND NICARAGUA U 2 it Is 1 interesting Interest lne to note that now that the canal company has been reN removed ived the augua canal scheme also alco receives creed atten lion while the former concern Is as before in french hands english and I 1 american interests rival each other in I 1 the northern loutt there Is EL a rumor afloat that the protection ot of gres great t britain 1 I 1 will be sought by the central american republics if the nicaragua canal Is built with english capital ostensibly 11 this protection will li be required aminat aRtil mexico exico Bl but the mexican f press ridicules the id lda ida a the semana bedana Mere antil mexico alexica pays gays 1 the assumption la is simply ridiculous Z nay it Is more it Is wicked this republic has no desire to extend its territory at the expense of 0 its neighbors 1 and does not hanker banker after the alie P banks of 0 this hypothetical canal wo ve havo have enough to do to see nee that our immense territory b becomer becomes properly populated neither belth er commercial nor geographical reasons could lend lead us to ouch euch an act we have on the pacific slope elope a coastline coast line of kilo kilometers met re ia in the bight of 0 alenco and sen a a ot of t the we have another 2580 k allo tio y rooters meters of coastline coast coat line with theme ad j vantage fi we cannot annex an inch of i our territory under t i 0 seeking K at an outlet for our trade in ti I 1 the shape ot of new ports in tact fac t cen aral amt america rica needs our ports moro M ore than k swe w eleod hers furthermore we k know now rt little or notting of the lie contra central amerl acan I 1 republics and ant among on g the te tanta ol of these there it Is an e QUILI equal lenor 1 1 I 1 N 1 ance of our affairs excepting that we endeavor to be on the best possible ter terms in 9 with each other but it Is 19 quite possible that there Is in this rumored english protectorate a great rest deal of bladon malice while ostensibly for the of protecting the people of central arnor lea against art an impossible mexican invasion it Is 18 only necessary to find the key t to the question to understand En glands jesuitical P play lay albion Is acting with admirable policy it Is I 1 lie hie story of the ron lion enticing tile the lamb jamb to seek his protection against the mastiff over again En glands poll policy cy la Is only intended to allay the ire of the united states but it is very likely that this attempt will fall fali fois to the nation of the north inspired by the I 1 monroe doctrine neither can call nor will consent that great DrItt britain lin possesses herself ot of central A met ican the amer r acang realize that the projected canal touches more the intel ests of uncle sam than those of john bull tile the partido liberal Al mexico exico OISO also holds chis view and advises the government to be very careful not to enter into any compromising quest questions lono it if tile oie canal la Is constructed N ith english Tr money ioney says the paper england naturally has an interest in its poll neutralization but we cannot understand how this should lend lead her to roe be responsible for tile the defense of central american independence a matter which has nothing whatever to do with the elie projected canal it Is quite possible that the recent rising in guatemala which Is very hostile to mexico has been instigated sti gated with the intention to brins bring bout about oil an international conflict conni ct the financial times london a very wary paper has no falth faith in the future of the panama canal and directs the attention of the th public to the Nicer nicaragua agua project the paper says of all Eurl european peoples perhaps the mos t stay at home and the most bu subject b to nostalgia are the french yet these grand enterprises in which tile the prospect of national nation Rl glory lq li super addad to the chance of profit have for them a strong fascination tempting the small email capitalist to risk in fit die most reckless manner his labori laboriously accumulated savings untold millions have been sunk already in the swamps of 0 Pa panama tisma and now it 11 Is propos proposed L d to send frosh fresh money after them to find the lie rest but it if the panama canal tie be ever completed the chances are that it will be completed at such ell a cost cast as ag will put the present subscribers for generations beyond tho the pale of a dividend the new w company 0 pany which is now being f formed a with the consent of the liquida tors of the old cal concern ibern and with nith the a approval of the ie of the bondholders bond holders it II Lp marquis Is to have a capital of of francs emli each or only 25 per cent of the amount will be required to be paid immediately med lately the balance being called up tip as may be necessary in order to make the issue move moie attractive a lottery scheme Is as usual attached to it it Is said that the whole of the new issue has been underwritten under written by the various financial houses and by the administrators tra tors contractors and others persons connected with the former company or with the liquidation this may be so but the object Is of course to eventually trade the lot olt off upon the public it the latter does docs not su swallow allow the balt bait at once As aa regards the prospects of the canal it must be confessed that it appears very doubtful added to all other disadvantages is tile the fact that the AmerI americans caas are once more considering seriously a resuming of the work upon the nicaragua acua canal under national au apices the revival of the panama scheme will probably ably give eave cl a new fresh stimulus to the rival undertaking and if the united states government once take lake tile the matter in hand they are likely to carry it Bh panama or no panama since with that the command of a waterway Is a question of national importance it if two canals arel precut cut neither of them will prove very remunerative munera tive the paper thinks that while the british investor will riot not be approached directly yet french speculators will send out circulars in england |