Show R L im C A iffie X T I 1 I 1 r ANAMA L 00 T I 1 afew ew york world says roosevelt lies about payment of QUOTES WM N CROMWELL 1 money was not paid to french government but to J p morgan morga n co calls cala upon congress lj 11 to investigate new york dec athe the now new york IN world orld to which delavan smith editor ot of the indianapolis news referred in his reply to president Roosevel ts vs attack upon him as the authority for the article on the panama canal which ap feared hadi in his p paper apar and balled forth the presidents letter says today in view ot of resident president Roosevel ts deliberate deni jtb misstatements ate ments of fact in his scandalous personal attack upon mr air Dela belaval smith editor of the indianapolis news the world calls upon the congress of the united states to mako make vt a full and impartial investigation vesti gation of 0 the entire panama cn ca nal scandal I 1 the investigation of 1906 by the senate committee of the inter canals was blocked by the refusal ot of william Willi arn nelson cromwell to answer the most pertinent questions of senator morgan of alabama since that i time nothing has been done because after sentor senator morgans Morgan death there was vas no successor to carry on hla his great work of revealing the truth about pan ama corruption the indianapolis news said in the editorial for which mr apo roosevelt S ovelt FIE ae calls mr smith it has been charged that the united states bought from american aitt zens tor for property that cost those citizens only there la Is no doubt that the government paid for the property but who got the moneys money president Roosevel ts reply to this most proper question Is for the most part a string of abusive and defamatory epithets but he also makes tho the following statements as truthful information to tile the american people 11 the united states stater did not pay a cent of the to any american citizen the government paid the direct to the french gov the receipt of the liquidator ili dator appointed by the french government to receive the same the united states government has not the slightest knowledge as to tile the particular individuals arnow whom th the french government overn ment distributed the same As far as I 1 lin know ov there was wag no syndicate there certainly was no DO byrl dacate in the united states that to ny my knowledge had any dealings with the government directly or indirectly to the host bost of the worlds know knowledge anti and belief pach each and all of these statements made by mr roosevelt and quoted above a are re untrue and mr jr roosevelt must have known they wore were untrue when lie he made them As to tile the detailed distribution of the panama canal loot only one r roan nf lnona it all and that man Is william nelson cromwell the two men who were most in mr Cromwe lia Ws confidence are theodore roosevelt pres j ident of tho the united states and ellhu j root former secretary of war and d now secretary of state it was they who aided mr cromwell in c consummating mating the arranged the panama revolution terms 0 of f the purchase of the panama canal made the agreement to pay on the canal properties for a and a an additional every manufactured panama republic of both of which sums w was s paid penny states treasury chee check k on the united bv to to tho the not co conot to J S P morgan jorga I 1 french government as 1100 roosevelt seve it says sayo but to J P morgan co Ind indiana lanar of the the natural query to who got the money olig oils news as was based on the NV worlds historical summary of mr Crom wolla connection c canal anal the inquiry with the panama and tho worlds the originally was ts challenge roosevelt Roosevel s accepts mr world all abe bavo if congress can documents in the c case a MD as mr roose noose mako make a complete lot let congress velt says la ca panama of the investigation pik to of wm ilar in particular nal affair and with the nelson C om wells relation and french company with panama with the govern government mInt of the answer united officially ally lot let congress states thin ibis question who 9 got ot tile tho money the old french company or g a 11 1 11 I 1 1 if in 1879 f failed 1 1 by ferdinand De delesseps Lessels mr dir orom croal b afore in 1889 ye years ars president with wells relations As mr 1 cro cearn kwoll roosevelt began comal too testified tined before th abo senate had 26 14 MCI we never on february lection wit rhth 11 the so called IV con belthe r fili d d the s company conduct ro 11 0 1 united states avern I 1 got lations with the th old french panama canal company what mr cromwell did represent was the now new panama canal company the american panama canal company and the syndicate which he formed to finance the new companies after mr cromwell has testified 1 I do not recall any contract tract senator Sena morgan produced a contract reading panama canal hearing ing vol 11 II pago page 1146 continued on pago five RECALLS PANAMA LOOT continued from pago page ono one mr air william nelson cromwell 13 exclusively empowered under the formal agreement with tho the board of directors of tho the compagnie novello du dit canal do panama now panama ca nal company of france to effect with an american syndicate the am of tho the panama canal commission on the following basis the basis on which mr cromwell was exclusively empowered in this contract was that an american panama il canal company with a capitalization of preferred and S 15 45 common stock should bo be ordered to tako take over the panama canal concessions and all other property belonging to the now french panama canal company which had bought tho the same from the old delesseps company this company was incorporated in new jersey with dummy directors there was wag also incorporated in new jersey with dummy directors the in ter oceanic canal company senator morgan unearthed a copy i the syndicate agreement which provided that the subscribers should contract with wm nelson cromwell to pay in in cash und end to take their several allotments in the enterprise five million dollars was more than ample to buy the majority of the old panama stock As the world said on october 25 mr air cromwell applied to the canal situation the methods of american high finance by which a syndicate takes over the property of a bankrupt concern then creating a holding company and a capitalization keeping tho the majority of control in a syndicate trusteeship tee tees ship bip following that to quote from mr air testimony in may 1904 1 I representing the new panama canal cani and judges day and russell representing attorney general knox consummated sum mated the transfer and sale to the united states mr air roosevelt says the government n ent paid this direct to the french government mr air cromwell says that the united states paid the money to J P morgan co mr roosevelt says the french government distributed the sum mr air cromwell te testified stifled as to how he distributed it mr air roosevelt talks of getting tho the receipt ot of tho the liquidator appointed by the french government to receive tho the same mr cromwell testified of the thus paid by the united states government wati wari to the liquidator of the old panama canal company under and in pursuance of afan an agreement entered into between the liquidator and the now new company of the balance of paid to the new panama canal company have already been distributed among the stockholders and tho the remainder Is now being held awaiting final distribution and payment what follows is further eloquent testimony taken by the senate committee t senator Talla forro thero there is 3 1 l 1 mr cromwell three throe T million ye yes sir sh senator Tal laterro who holds the money I 1 mr air cromwell tho the new panama canal company in its treasury and yet mr roosevelt says that the united states government has not tile the slightest knowledge aa to tho distribution of the and that thai this was waa the business of tho french government overn ment As to mr Roosevel ts statement that there was no syndicate no could have hafe read the iho syndicate subscription agreement on page 1150 vol 11 II of the testimony before the committee on inter oceanic canals it ho he had bad cared fir the truth that the united states government waa aas not dealing with the french government ern ment or the liquidator appointed by tho the french government or with colombia or with panama or with any ono one oleo except wm nelson cromwell and his associates is made still more plain by the description of senor J gabriel duque as to the panama resolution and as to the manner ta in which mr cromwell got additional from tho the united slates treasury senor duque says air cromwell mado made the revolution lie offered to mako make me president dont of it the now republic and to see me through gli 11 II 1 I would ralso raise a small force of men and declare a secession from colombia ile ho made promises that vo abo should havo have the help of his government it was waa accompanied by A a ial liberal use of money we Wo bought thia general and that one paying to 1000 per general the colombian of fibers were ill all paid off and the colombian general who was sent to stop the rn revolution was also bought off then mr air cromwell having been elected by the panama republic as aa general counsel and ho he and J balor P morgan having been appointed a fiscal commission negotiated with prest dent roosevelt by which the united unite d slates sates paid more to fiscal commission for mr Cromwel ld panama republic of this money three quarters is still under the con ciol of the fiscal commission why did the united states pay for a bankrupt property whose control could undoubtedly have teen bought in the open market tor for less than who were the panama ca canal nal company who bought up the obligations of the old panama canal company tor for a few cents an on the dollar among whom was divided the 15 paid to the now panama canal company |