| Show CO construction BIDDERS FA FL IL TO MEET DEMANDS olivers credentials entirely satisfactory but those of bangs fall to meet requirements washington jan 2 25 5 after an extended conference at the white house tonight it was decided to reject the bid of oliver and bangs who proposed to complete the construction of the panama canal for per cent of the total estimated coat cost insofar as anson nl bangs of new now york city is concerned while no official statement was given out ailt at the white house it can be authoritatively stated that if win J oliver of knoxville tenn can enter into a satisfactory arrangement with bonic sonic other contractor who Is financially responsible he will bo be given the contract contri ct for the construction cons truc tion of the mil bill the fact faa thai that the mcarthur ilca arthur GI glaes iles pie company of new york whose bid cor for tho conist construction ruction of the canal was per cent were represented at the conference loads leads to the interested to believe that a combination may be formed between t that amt firm and mr oliver it Is known that the moar thur syndicate has convinced president roosevelt and secretary tuft taft of its financial responsibility responsibly ty aej and after a most thorough investigation the canal commission havo have expressed satisfaction that mr oliver is 1 able to carry car 41 ont hio end of the agreement there would have been no question as lo 10 awarding the contract to oliver and bangs liedthe had the credentials ed by ma mr r bangs proved as satisfactory to the tile as those furnished by mr oliver the decision reached chod at tho the white while house bowlyer ho bo weyer meana means oliver will bo be given a chance to take somo nome other contractor nto into partnership with him whose financial responsibility meets the satisfaction of the government the canal inith ith this requirement mer met will not undertake to dictate to td him wh who othis this contractor bhai ahal be the question of 0 reject ilig all bids wag was at tho cabinet ineeta meeting today aai lilg deol decision gion had bee been n practically upon before the conference tonight secretary taft tomorrow morrow will wl make known to mr ut oliver the decision um an if it Is mn mr oliver ho lie will be given several daya in n which to arrange with tho the learthur company or some other contractor who can deposit the required cash security it jf mr clr oliver refuses to consider the proposition after fter the rejection of mr bangs the commis commission will call for new bids anson nl bangs mr ift olivers vers associate in the canal proposal was the contractor for the soo canal locks he ile Is president of the federal construction company of new york city which is capitalized at my mr bangs is a brother in law of john F gaynor of the firm of greene and gaynor who were implicated with captain 0 ah M carter in the savannah ga harbor engineering frauds case this fact however it is said had no influence with ith the canal commission in rejecting w mr bangs as joint contractor with mr oliver washington jan 25 15 after the adjournment journ ment of the cabinet today mr oliver left for new york and it is admitted by his re tonight that he ill III submit a proposition to the mcartur gillespie company to join him in submitting a proposal to the canal commission in place of the bid submitted under the firm name of III ver and bangs it is stated tonight that a compromise will be col considered isi dered by tho canal commission provided oliver succeeds in making a satisfactory arango ment with mcarthur and gallespie to pay 9 per cent of tho the total cost for the construction of the canal the oliver and bangs bid was per cent while the mc arthur gillespie bid was 1250 per cen cent t |
