Show INVEST MONEY FOR PANAMA ten million dollars are put in american securities new york sept 2 agenda of the panama republic entrusted with investing nearly ten million dollars here for their government have nearly comp eted their task the fund Is a part of the forty million dollars paid by the united states tor the panama canal about five millions have been invested in mortgages on improved property on manhattan island yielding four and a half per cent two millions aej in deposits in four local trust companies drawing three per cent interest and about a million haa been subject to payments for improvements Improve menta aider construction or contracted tor on the isthmus the despoliation of the remainder 0 the ten millions has not been definitely decided upon the payment of to panama waa made baat may through a large banking house here As the republic had no pressing need the money it was left on deposit but netted only two per cent BO it waa decided to invest to american real estate on bond and mortgage A corn of two was sent to this city from panama and elace june ast 1st have accomplished their task commissioner arias caya it Is expected internal revenues taxes and imports of one sort and another and the customs receipts will suffice together with the inam eat received from the investments made here to keen the government |