Show ISTHMIAN WATERWAY for canal dill ii produced trod in senate just before the adjournment of th senate tuesday senator spooner in produced trod a substitute for the nicaragua agu canal bill the new bill is a practice tica authorization to the president of tl united baates to choose between tl panama and the nicaragua routes the first provision looks acquis t on of the franci aises of dav and other property of the new panani canal company of france including that company s control of the canam ra broad the president is authorized to pa for these provided a satis factory title can be obtained he it then authorized to seccie the feces concessions from the republic of columb a these to include the per letual control of a ten mile strip of territory from the caribbean sea to tl e pacific ocean A canal sufficient to accommodate the largest vessels then to be constructed under the eupert sion of the secretary of war the b 11 also carries an alternative provis on authorizing the president I 1 proceed with the construction of tie canal in case he falls tu secure the necessary conces ons from colombia or a satisfactory title from the panama canal company an im mediate of 10 is made in either event the limit of cost is fixed at in case the panama route is chosen while is in case the chaio falls on the nicaragua route |