Lethbridge Herald, The (Newspaper) - September 6, 1912, Lethbridge, Alberta
I 1 5 Volume V. LethUi'idge, Alberta. Friday, September Number 226 AMERICANS FIGURE ON PANAMA FINANCES Think They Have Good Case to Meet the Brit- ish.With G.---the let- Uer of Sir JMwftrd Grey, the British Foreign1Secretory, to the Gateshead Chamber of Commerce, yesterday, re- garding the British''government's at- titude towards the Panama Canal Act, ,is regarded here as an Indication that the negotiation's between the two countries are to have a financial bas- is, the Foreign Secretary's argument being that British shipping is to he .burdened with an undue proportion of the charges .for, the maintenance of the through the complete ex- emption from tolls of American coast- wise shipping. In view of this, 'importance attach- es to an Inquiry which now is 'being conducted on the Isthmus by Prof. Emery F. special comnili sioner on Panama traffic and tolls. In ,tho data already prepared by Prof. Johnson, It appears that, according to the best estimate tbe wholo of the American- coaRf-wise traffic -that is Slkely to pass through the Panama Canal immediately after it is opened will- be about one million tons, or a little more than ten per cent, of the total tonnage that will pass through the canal in the years 1915 and 191G. In the course of five years, it is esti- mated that this American coastwise tonnage will but foreign com- imerce .will increase- in like p-ropor- tlons. This would indicate that ithe British and other foreign commerce would have to -bear an additional burden of ten per cent, in tolls. It is pointed that a proportionate share of ithls; burden if. it did exist, would "'have 'borne by American in the foreign trade, which con- 'sequently. would be on a precise equal- Jlty British WHI Compete With Suez Prof. Johnson's statistics disclose still 'another factor'that doubtless will be American negotiators.. lAfter-pointing but the many advan- tages of In tfie way of coaling low Insurance super- ior opportunities for picking car- goes between terminals, and the like, Prof. Johnson declares that the only possibility of the Panama canal, get- ting a fair sharo of tho world's 'busi- ness is to place the tolls at a figure actually lower than at the Suss. These are now per ton, so that the rates on the American canal must bo sensibly lower than this, and he men- tioned a flat dollar rate for the first few years of the canal's operation, at beast, On the basis of ten millions of busi- ness, this would yield an income- inad- equate to meet the coat of operation ,and maintenance. Allowing two per cent. Interest on -the capital invested in the canal, and one per, cent, for a elnklng fund, the total of the annual' charges on the canal are likely to bo more than or about FO per .cent, more than ths gross revenue ;lrom .tolls. With these figures before them, and ithe rate on British shipping fixed far below tho actual cost of the service, it is believed -by the officials there that .they Will have little difficulty In show- ;lng that tho exemption of American coastwise traffic from tolls has no In- liuc-nce upon. British shipping, and -consequently that no discrimination is proposed in violation of treaty rights. Sir Edward Said Nothing London, Sept. Edward Grey, :-the British Foreign sacretary, never anything regarding tho flnan- ,cial side of the Panama Canal ques- tion in his recent letter to the Gates- head Chamber of Commerce. He sim- ply wrote that the British govern- ment was making representations to Washington on the subject oX the Panama'Canal-Act An official correction is published the newspapers today, in which it is all further statements attributed to Sir Edward Grey in re- gard to tho -burdening of British ship- ping with uu undue proportion of the maintenance charges of the canal were merely comments made by Her- bert Shaw, secretary of the Gateshead of Commerce. SAM SCHEPPS The New York gambler, who has im- plicated police'officials In his'confes- sion in the Rosenthal murder case. LEARNED TO SPELL AT 2-YEARS Oklahoma--City, Sept Mc- of Medford learned to spell at the age of two. At -eleven spelled his way through all the grades of the grammar schools and has'just won a gold medal- awarded to the "best speller" in the state. INDIANS MAY FIND DARRELL DISCOVER STRANGE WRITING.ON TREE EAST OF THE MACKEW- ZIE DELTA Seattle, Sept. received at-DawBon, Y.T., over the trail from the mouth of the Mackenzie river, say that the Indians brought word to Fort McPherson tlmt they found strange on a tree of the Mac-Ken- zle delta, 'where Hubert Darrell, the Arctic explorer, was last seen. The Indians promised to 'bring in tho writ- Ing on their next trip. Barrel! went eastward from the .Mac Kenzle in 1900, and has long -been giv- en up' for lost. Numerous prospectors are along the tributaries of the Mackenzie, the returning trav- ellers report, HIGH COST OF' LIVING TROUBLES THEM Halifax, Sept. Provincial Worklngmen's Association grand coun- cil today brought In a resolution in re- ference to the high cost of living. Tho discussion resulted in the appointment of a committee to draft a resolution asking that the Federal government be requested to make.an inquiry into the cause of a state of things of vital importance to the people. i A resolution was adopted commend- ing the and ordering a copy of the resolution to be sent to the Department'of Labor at Ottawa. GIRL'S CONFESSION CAUSES SENSATION Only 20 Years of Age She Seems to be a Seasoned Crimes Committed in Chicago Suburb REGINA WANTS DRY- FARMING CONGRESS ifr Reglno, Sask., Sept. a Creek tipple, fell oft his motor last night and was run over 3> by'Ms trip of coal cars and badly mangled, dying from his injuries this rooming at .-line o'clock. Gash's parents live here in the annex.