Show PROPOSALS TO BUILD CANAL lowest bidders would make if awarded the contract washington the proposals opened by the canal commission for the en tire construction of the panama canal were as low as had been expected by experts on construction work for some time it has been known that several members of the commission believed 7 per cent on the estimated cost of construction would be a tar remuneration a contractor under the form prepared by the commission the lowest proposal that of william J oliver of knoxville tenn and an son M bangs of new york city who offered to do the work tor 6 75 per cent on the estimated cost Is lower than had been expected granting that the estimate of for the construction of the canal which has been frequently en of in congress is accurate the re mune ration of the oliver banga corn would be 9 in case it was to be awarded the contract much discussion has been caused by the great difference in the only tour bids received as they ranged from 6 75 to 28 per cent |