Show TIlE IAMMV CAXJ 0 Ielrrul CrIeItIIeInorlenI In 1ho rlllr nr Ihe Cnml NEW Yonc Mny 11Dr alfred Nelson rmerly n member of the hoard of Health oC Innnma arrived in Now York from tho hollemus bj tho last steamer In an Inter view tlI n representative of the Associated lmreoo toelav ho said I Do Lesscps is correctly reported by tho press ns saying that half tho l work on the ourmal I Is completed the statement is wilfully misleading to lIce Trench people A FE nrUL cnisis lAS Anisi1 mu canal affairs The companys Indebted nest to share and bond holders now amounts In about 1GO000 000 on which they are pny lag nn annual interest of 8 rorl reported on excellent authority that Iho company havo exhausted their funds and are working i on borrowed capital pending the floating of n new loan of 120 000000 Do Lcssepis visit 10 the Isthmus is n preliminary step to tho floating of tho loan If this gigantic sum is secured it will givo the canal works a hsi impetus and enable tho company to refund some of its arrowed capital For months past tho works work-s been dragging Quito recently foyer chief of tho works called coma of tho can actors together nnd requested them not to s1 work elhsa was done presumably tout to-ut down expenditures Millions of dollars heave been expended in useless machinery which can bo seen all along the lino of the canal for the greater part unhoused and inprotectcd and much l of it already mined I Valuable locomotives French and American have been allowed to stand uncovered on dings for months TrILLIONs OF DOLLARS HAM nEaT THROWS AW At I It Ibo purchase of plant Much of it had been I used m tho Suez ditch and is wholly otfit for work on time Isthmus of Ianaiua it alng I been built tto tt work T sand and is Ira lenualo to grapple with hard clayey soil At Christobnl Colon n magnificent village milt on the former site of Mangrove sw nrap lIce leech raised 2U feet above Ibo tides vast orkshops and arehonscs can bo seen as ascII as n number of handsome btrects with villas on cither side The streets are bcauli ully while and well kept Clean cocoannt Ireo have been set out at regular dislnnces A cannot chief states that 5000000 has been SI nt in reclaiming Ibo swamp and the uilding of many boats mind dredges in the inrbor has been condemned ns useless Al lough tho comport spent this fabulous nm it is reported that it had not jet the nil right of way across tho Isthmus several mpartant localities not having been nranged for While this may seem incredible it is I robabl a fact Despite tho presence of le tlioll of engineers there nre sections on the anal to daj whore contractors are unable to LO on with tho work OIMJ TO IIIL LACK OF UURVL18 The willful recklessness and extravagance Inch has characterized tho management of the company has probably never been paral clcd Hugo sums of money have beeiiBpent in 1 useless buildings buperior Agent lilies DingIer occupied a magnificent residence milt and furnished at a cost of 100000 ItBidosthls a palatial residence was built for him at lioca del Itla Grande In Colon n magnificent house was put up for the vloit of Do Lesseps and fitted up in princely Rtyle Iho furniture was specially imported front Franco Much useless dredging is bong bo-ng done on tho harbor of Panama the ornpanj has not yet sel ted on a plan for damming thee imruh Chagres river This probably will be Tm MOST DIFUCULT OBSTACLE TO OMJKCOMK Again the hugo cut at Cnlebra if over com Sam J will have sides 3 17 feet high The whole project bristles with difficulties that nnnj consider practically insurmountable I has heel reported recently that Ho > er ho new chief of the works believes I ices level canal scheme impossible tend it will have to be built ns a lock cnnnl ns originally origin-ally suggesled b > Cnplain liedforel 1irn amId Commander J Lull In short after five years of work the Canal Company is lloun I Oem lenng about itt nn ocean fl unsettled prob TIIL MORTALITY moat 1ELLOW lEVEl The Doctor nays tho mortality 1 from jel trnl lose J fever i is fearful and glees instances o fits f-its rnnlOS event among tho officials of tho cons party Ho concludes bhould DoLesseps fait to secure the new oan and lice Trench Government assume ho debts of tho Canal Compan receiving in return all its concessions lands etc a now and vicarious political question moot orise ns it is hardly fair to presume thaI tha-I raneo will bo allowed to ooloiuzo at the gat of tho Pacific |