Show ISTHMIAN WATERWAY Substitute for Nicaraguan Canal Bill Introduced in Senate Washington Jan 25Ttist before the adjournment of the Senate Senator Spooncr introduced a nubstltutc for the Nicaragua canal bill Tho new bill IB n practical authorization to the Prcslden of lie United States to chooso hotwoei the Panama and the Nicaragua routes The first provision looks to the ucqulal tlon of the franchises right of way imr other property of the now Panama Cattail company of France including haLt com paiiya control of the Panama railroad The President is authorized to puy 50 000000 for thee Provided a natlnfactorv title can bo obtained Ho IH then mi thorlzcd to secure lie nccefBiirv eon cesHlons from lie republic of Colombia these io Include the perpetual control ota ot-a tonmllo strip of territory from tim Caribbean iea to the Pacltlo ocean A canal sufficient to pccoivunodato the largest vrssjcln Is I then to be condtruciy under the supervision of the Secretary of War Tlio bill also carries un alternative provision pro-vision authorising the President to proceed pro-ceed with tho coiistrucllon of tho Nacnra guo canal In caec ho fails lo secure tho neccswiry conceilona from Colombia or a satisfactory title from the Panama Canal company An Immediate appropriation appro-priation of SmMOOOO 1st made in either event The limit of cost is Uxed at 5135 OMOOO In case tIm Panama route la chosen while 516COOCOO la allowed lithe cnso li-the choice falls on tho Nicaragua route |