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Show Congress Will Be Asked to Issue Bonds for Panama Canal. Washington. Congress will be asked at the instance of President Taft to authorize the issuance of bonds to the extent of the latest estimate esti-mate of the cost of the Panama canal. This issue would be in lieu of that proposed in the rider to the Payne tariff bill (stricken out in the senate) authorizing the issuance of $40,000,000 in bonds to reimburse the general fund of the treasury for the purchase of the canal property. This decision was reached on Thursia at a luncheon lunch-eon conference at the White House. |