Show AGENT OF PANAMA CANAL GIVES TESTIMONY Says Over Was Expended for Unknown Purposes WASHINGTON Feb 18 C. C C. C C. C Colne Colas of Brooklyn was before Senate Com Com- on Oceanic Inter-Oceanic Canals yesterdaY yester yester- day He as former fiscal agent of the old Panama company and was examined In detail by Chairman Morgan In relation to that company's financial affairs He testified particularly regarding regarding- the value of the stock of the Panama Railroad Railroad Rail Ran road company and the appropriations made annually by the company for disbursement in America The fact was elicited that aside from the money expended for the purchase of machinery and supplies over 1000 1000 was expended In this country by agents for purposes not known to the witness He said that the Mor Drexel-Mor- gan Banking com company any and other financial financial financial finan finan- cial concerns acted in a financial capacity capacity capacity ca ca- ca- ca for tor the Panama company at one time In March 1889 he severed his conn con- con n with the Panama company and shortly afterward was sas sent to Paris by American capitalists to buy in if possible the Panama r railroad He evaded the question as to how much he was authorized to pay for the road but stated finally that he was authorIzed authorized authorized author author- to expend but only o upon upon upon up up- on the Indorsement of those whom he represented The deal was to be made In the form of a loan but the action of ot the French Government In coming to the rescue of the Panama Canal company defeated his Intentions |