Work on Canal Expected Soon
Washington reports that Panama Canal treaty obstacles are cleared and construction work may begin. A seven member commission will be appointed by the President, four engineers, salaries set by the President, with a 10 to 15 year timetable. The article notes French groundwork, potential delays, and likely divisions into sections with broad U.S. contracts. The Colombian government agrees to lease the isthmian strip ocean to ocean.
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Washington
United States
Panama Company
Working Canal Commission
Chicago Drainage Canal
Panama
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Merger suit testimony in Minnesota case heard in New York
John B Kennedy a director of Northern Securities testified at the Minnesota case hearing in New York. During a recess Marcus D. Munn said Kennedy admitted the company was organized to restrain parallel roads. Colonel W P Clough testified Great Northern directors voted 650771 shares October meeting with 192754 in private names and 458017 as trustee holdings for Northern Securities. Adjournment set for tomorrow.
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