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Show I CANAL COMPANY MUST SHOW CLEAR TITLES Uncle Sam Will Not Pay Over the $50,000,000 Until It Is Demonstrated That Everything Js All O.K. I I WASHINGTON, Feb. 23. Secretary ihaw of the Treasury department was it the sub-treasury today, where he re- Ived a number of callers, including E. II. Harrlman, Isaac N. Sellgman, of the i I & V. Sellgman company; James li -;tlllman, president of the National City tank, and Valentine P. Snyder, presi- lent of the National Bank of Commerce. I Respecting the Panama canal pay-I pay-I ncnt, the Secretary said- that- no call ill "be issued to the depository banks "or payment of the ?5O,O00,00O involved Mitil thfc Attorney-General had passed jpon the validity of the Panama Canal ompany3 title. It la suggested that the Treasury department de-partment may ilnd it necessary to send 1. representative to Paris to investigate he phases of the lltlsation now pending j 'here, and if this Is done, payment of he 540,000,000 to the canal company will 1 e Indefinitely delayed. In an interview with a reporter of the , Kvening Post, Mr. Shaw is quoted as follows: "No money will be paid over till we ire sure of a clear title. I think we will secure beyond all doubt this title, al-i al-i hough it may take a little time to complete com-plete the formalities and get the papers n shape." "Will It be necessary for our Govern- 4- WASHINGTON, Feb. 25. The President today signed the ratlfl- -f- cations to be exchanged between -f -f- the United States and the repub- -f -f- lie of Panamaj on the Isthmian -f canal treaty. The exchanges will be made at the Stale 'department between Secretary Hay. acting -f f for the United States, and Mr. Bunau-Varllla, the Minister of -f Panama. The President himself -f does not sign a treaty. Subse- -f -f- quently a proclamation will be Issued by the President announc- -f ing the conclusion of the conven- -f -f- Hon and putting it Into effect. ment to send a representative to Paris?" was asked. "It may be," Mr. Shaw replied. "The call on the depository banks will be made in time to have the funds in hand a week or more before the transfer has to be effected. If I thought that we had to pay the money over to Panama In ten days I would send out the call by wire Immediately. The banks are today to-day fully prepared for it and could finance the withdrawal without difficulty." |