Show PANAMA CANAL GO co MAKES PROPOSITION Its Is Properties of All Al Kinds Officially Offered United States Government for Forty POty I V Million Milon Dollars P V V Washington Jan formal prop to soil sell sol tIme Panama canal prop to the time United States for forI today toda was WU to tho the authoritIes hero here It 1 was wan 0 made by M representing tho thu company to Admiral Walker na as ni chairman of ot tIme the Isthmian canal lon M 1 octet acted under cable Instructions received today Irma irom rom tIm thu Panama canal canul at itt lt Admiral Walker brought tho time proposition to tho time knowledge of ot time the of at stab tnt and ald time the President going directly to time I c state department for that purpose HISTORY OP Oh OFFER En Tho Tito submission of ot this offer carries out a II Iian which line luva his been Leen under con can consideration for time the lust last lut two weeks week Time The first step tep was WC taken on when M re cc tired from flom tIme tho presidency of tho the Puna Pana Punama ma itma ia Canal company This Thin brought about nn an In entire chungo In thu tho a the tho main feature of ot the th being that those In authority desired to mako amako malo a 1 definite offer of tho Panama proper properties ties t tO to time tho for There TheN have been beon numerous meetings at nt Paris with this end In II view but the tho one ono which brought about the tho hunt final Inal Proposition Ilton mine WiS held yesterday H It I hut hind been beon tho the Intention to the offer after ofer through Mr Mm III Edward lidward oral emaI of ot time the company who vho Is II due to ar am arrive Ir rive Ilyo nt at It Now tomorrow last but th this meeting meetinG appears to 10 have taken a 11 view that the offer oter should bo be made without waiting t for tor the time arrival of ot Mr Mi h Lampru Accordingly Accor tho the cable instructions Wore were forwarded d to Mr Ho lie 10 1 went at nt once to the time of ot the time Mh Isthmian I mian ennui canul commission and advised Ad All Admiral mural miral Walker of ot what had been the determination of the company In n sub stance time the notification n delivered r d to Ad Admiral miral wan tui as I follows delvo TIM NOTIFICATION Time The Canal company de do declares chimes clares Itself toady ready lealy to 10 gr to 0 tho timp government of the United gu QI payment of Its It proportion anil lUll concessions estimated at ut that amount by tho time canal commission in 1 conformity with wih the tho term lernie and condi contil conditions sion tons of ot tho tIme estimates of at said commis commission I to 10 submit the proposition proportion In itt tile foregoing terms there wn WI wits no die with wih Admiral Walker Waler us Ul to 10 what further steps sta wore were tely to bo be betaken taken except to it bring tho the proposition to the attention of or the secretary of uS state anti and the time President Admiral Walker called callad onlo at nt time the state department at Ut noon and to 10 Secy Hay the thc offer oter which M II laid had hal In Itt II behalf of nt time lh canal ennuI company The Ihme ho matter Unter was WIS coon after afterwards uter afterwards wards brought to time the ot of tho the President he be stated that the tho President It I can cal to will communicate the thu proportion wi Congress This course courso will wil bo ho bl because the time administration holds the time canal la In now nw pur purely Illel ly one for tor 1 determination IM an that ax n congress Is II to consider the sub nub subject possession of suit all j ot it should IIVo 11 facts acts that have come COIO to the time knowledge ot or tho limo executive branch OFFER AS a MADE JAm Tho The offer as ns made malle to Admiral Walton to the President mind Ind later inter communicated dent and secretary of ot state ft to the time estimates of time thu Isthmian report This Phil feature of ot the com commissions under the cap caption missions report cp Panama Ca Cu host tion Total value of ot the nol nat and Is ts as follows Summing up the foregoing 11 Items tho limo total alI of ot the property Is la found to be le Excavation already done Ione 27 21 If 1073 Panama Railroad stock at nt par snaps maps drawings and To 10 which add 10 per por cent vent ti tl cover corer making the total valuation of the time Panama canal catal |