Speech of the Hon Theodore P Shonts Chairman of the Isthmian Canal Commission
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As the amount of commerce in prospect was not sufficient for two canals, it looked as though the French Company would have to abandon their canal at Panama if the United States built one alongside of it at Nicaragua. The company became alarmed and, fearing the loss of all their propert} 7, the} 7 offered to sell for $40, 000, 000. This amount was the esti- mated value to the United States of the French work, as made by the Isthmian Canal Commission in 1901. It consisted of the following items, ...viz: 1. The excavation done by the French companies, valued at about $27, 500, 000.
2. The Panama Railroad, nearly all the stock of which was owned by the French Company, and valued at about $6, 850, 000.
3. The maps, drawings, and records, which were valued at about $2, 000, 000.
8 4. The buildings, storehouses, hospitals, land, equip- ment, and everything of that nature, which were valued at about $4, 000, 000.
I have described to 3^0 u what the situation was when the Americans came into possession.
What to read after Speech of the Hon Theodore P Shonts Chairman of the Isthmian Canal Commission?
You can find similar books in the "Read Also" column, or choose other free books by Theodore P Theodore Perry Shonts to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As the amount of commerce in prospect was not sufficient for two canals, it looked as though the French Company would have to abandon their canal at Panama if the United States built one alongside of it at Nicaragua. The company became alarmed and, fearing the loss of all their propert} 7, the} 7 offered to sell for $40, 000, 000. This amount was the esti- mated value to the United States of the French work, as made by the Isthmian Canal Commission in 1901. It consisted of the following items, ...viz: 1. The excavation done by the French companies, valued at about $27, 500, 000.
2. The Panama Railroad, nearly all the stock of which was owned by the French Company, and valued at about $6, 850, 000.
3. The maps, drawings, and records, which were valued at about $2, 000, 000.
8 4. The buildings, storehouses, hospitals, land, equip- ment, and everything of that nature, which were valued at about $4, 000, 000.
I have described to 3^0 u what the situation was when the Americans came into possession.
What to read after Speech of the Hon Theodore P Shonts Chairman of the Isthmian Canal Commission?
You can find similar books in the "Read Also" column, or choose other free books by Theodore P Theodore Perry Shonts to read onlineMoreLess
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