Show THE faiq PANAMA AMA SCANDAL how tho groat lottery loon loan was Manipulate cL tho R io primary cause of the grent great tumult VI wei Is irs now convulsing franco prominent engaged lin a ag la sharp for two years y ars prior to the lottery loan writes rites the paris correspondent of a ho 11 london economist the public had beun to manifest a reluctance to invest inest more antoney in the scheme heme sl e in 1800 an issue of cf bonds was made anad but oy only 4 aro were subscribed I 1 in 11 a fresh subscription of the same alne al ne number ambor n was waa opened and only vi erp ere the source had almost almo adrid dri d up dij and when money was required aaion in aj some additional attraction to investors hives tons was necessary M do de lesseps lemed then p imposed to raise a fin final 1 cicat ci cat lean ican of francs with ith lottery wry prizes that sum being sufficient to terminate the canal but dr t lottery t ry leans an require the authorization of parliament and a bill was presented to the chain chamber ber maa march ach 1 AT do de lesseps being b ing however bo wever in immediate want of money could not wait for the bill to pa pas through the necessary J stages 0 before fore 1 beconi becoming hirr law and march marc li 11 offered for public subscription 3 bonds of 1000 fi fra arcs ales without lottery prizes prize but which subscribers could exchange 0 for new bonds when the lottery loan authorized was of taco the bonds offered of alered only 1 is were up the situation 1 I had become de desperate and the could only be saved lived s by the passing of the lottery lom lc n bul bill the bill was anase passed 1 ily the ch chamber amber and I 1 the senate and became law on june 8 the events that are to become the subject 0 of the A parliamentary inquiry occurred between those dal dates eg of starch march 1 ani and 1 I uno 0 8 1888 parliament had increased increased the amount of the lo 10 loan n from francs to in order thattie that the additional bo bc invested in rentes k in trust to insure payment of tho the la lottery tery april prizes les and the redemption demp tion of t in ninoth nizo years the compact com company panT bein only liable for the interest I 1 lie loan waa vas issued is aued in ha bonds at franco f but only alo 19 were hub scribed ascribed bed including thoc Q taken in ex cx chang chango o producer pro ducic 4 SO francs of which 25 were for tho the company and a fr ell the F f r f 1 ax h ily ji A of tho the issue wore werl enormous and are arc set sel down in the report dra drawn tip by al official or of th coin company pany in 1890 1800 at U francs or over 10 por per cent of the amount subscribed bed of that sum suin francs franc j IB entered under the head of syndicates francs for the press and 0 francs for cominis commission sion on the sz sale of the bonds tho the remaining two millions went for the printing of the bonds and clerical work the charges brought t by M delahaye Delaha y yc c and some opposition journals against the deputies may inay be and probably are arc ox exaggerated rated but they are so precise and d in some cases are accompanied with details so circumstantial as to leave the impression hun that til at they are not absolutely unfounded take the story told of the alio voto vote on the loan bill in the chamber ellamil r the committee con consisted isted of eleven clevon members of whom live five were in favor of the bill and five dive ho hogile hoti tile Jc the eleventh it is said pr pretended 04 ito to b be C undecided but went to the company and offered d his vote for 1 francs the I 1 proposal rop osal v was vas as doc declined lined and tho the deputy then joined a bank for a bor bear op operation oration in in panama shares share with the 1 intention IlLon tion of n giving ivin r his casting vote against agai aaen 0 t the alic bill the corn company pany ho however vever reflected on learning of the boar operation in panama ama s shares hares aud and sent to the chamber its cinis emissary sary who nho called the deputy out of the committee room and offered hini him francs which was ivas declined the deputy was sent for a second time and obtained his terms and the in majority for I 1 the I 1 bill w was as obtained but the deputy ne neglected 0 lecter to inform his conic ic ler 1 crate lerlane late who continued to sell panama shares share and as they made a sharp rebound on the de decision clion of the committee becoming known the banker was nearly ruined u ined A As c lie has since been quite quile ruined and nd lim hac absconded liis his name naine 11 has s been given but that of the deputy is of yet 4 revealed the sudden dea death deah U h of baron C dc c Cl ch who waa var the intermediary in employed bythe by the company is aid to have occurred from f roin a 1 1 fit brou brought lit on by th the di discovery covery that the book cc con n gainin copies of his letters li lid had d been stolen af after ter ile ho had destroyed all other decur documents 11 ants of a nature 1 to incriminate hini him as he was to have been made one of the defendants in the prosecution lion lie ile however r employed a well known financial a agent 0 ent v who ho disappeared 1 a f fews ev months af after ter comini athin atin h larg arge c foro forgeries r cries to the pre prejudice jadice of the dynamite company comp P 1 y and who now bo boasts ats fr from om ill his I 1 it ling place th that it he has in ill his posses rion rion the checkbook check book 1 from which the a deputies c pu U es were verc paid |