Show WILL THC lIW JE O L IJ PAY Y Portland Senator Morgan Mar Mor- gan gaui of Alabama though he lie has hUB never favored the lie canal at nt Panama l preferring prefer ring Nicaragua ua ne nevertheless enter enter- entertains canal taints no flO doubt that the Panama will wi pay after completion Ho lie 10 said in the hit senate the other day Let Lel us get Jel rid Ihl of oC the time Idea Ilc that Ulal wo we are nrc going deal of or money mone to give o gi away awny a u great Tet teal In lii li connection with stith wih tho ho canal I he- he litre e that If t It I were a Li I stock sock concern th time the stock would ho bo worth OO On oil thus tho 00 within a a- a fow ow years eal t com com- But Hut t l this ma may bo ho loo too for Cur forthe the Ito senator based hit his hll opinion on 01 tho lie tact met fie that hint shares in lit the Ito Suez Suo canal In iii all commanded a n he heavy premium al the lie t markets of Europe Europe It I Is necessary to 10 1 admit however U that the conditions at Suez SUl are very cry different from Crom rum those at al Panama For It Il is necessary to bear in mind that thal the lie cost COt of oC tho lie sea level Suez Sues canal was ivas only the lie cost col of oC the Ito Panama lock canal will wi not boess bo hu huis hess is ess than as ns is now generally gen gemi- orally admitted The Die cost of or operating ing II the tw hue SUN Sues canal Is trifling awl anti tho thin cost of or maintenance 8 is not nol great eat Ito thu cost of oC operating tho lull Panama canal will wi be an nn Important Item Hem while the Iho cu cost l of or maintenance In that hint region of or torrential rains cannot fall fail Cal to lo b bo very J great receipts Ilal and tl it Il may easily exceed 1 tho J But the lie United Stales has hn tho the money or can cnn get it I It and can enn itu build and all operate oper oer- I ate ale lie tho Panama canal canal And tid An yet ct though time Iho horsiness business will bo lie heavy tho ho cost of construction a and amid tl maintenance will vilI wll wille lie he e so 81 great that lint It seems unlikely that he the stock block will wi rise lo to a n value approach approach- hug In fi that thal of or the Suez canal However r we wc c are arc not building tho ho canal for or on nil i the time stock but hul to lo create creato facilities for or commerce The rhe profits may at Ut It ItI I least east bo lie expected to tu pay Interest o on the 10 bonds guaranteed by the tho United States I 4 |