x.
The Conservative * 13
SAYS CANAL , IS CLASS PltOJKGT.
Paul Mortoii , Second Vice Presidout
of the AtohiHoii , Topeka and Santa Fe
railway , iHSuod a statement yesterday
in which he holds that while the con
struction of the proposed Nioaraguau
canal would prove of great benefit to
the Atlantic coast cities , it would be at
the expense of the cities of the interior.
"The Nioaraguau canal will undoubt
edly be built , " says Mr. Morton , "and it
will probably cost upwards of $800,000-
000. This will be $4 per capita for
every man , woman and child in the
United States. It will likely take ten
years to construct , and may in time
prove to be of great benefit to the people
living along the Atlantic and Pacific
coasts. As surely as it helps the cities
along the seacoast , just BO surely will it
damage cities in the interior of the
country.
"A large share of the business now
do' .6 by Chicago , St. Louis , and other
important inland cities with the Pacific
coast will be transferred to the mer
chants and manufacturers located on
the Atlantic coast. They will secure
low rates via an all-water route , owing
to the canal , which will be built by tax
ing the entire people of the country. All
will pay the taxes ; a few will got the
benefits , and many jobbers and rnauu
faoturers and other citizens of the
interior will be damaged.
"There is no doubt that Now Orleans
and other gulf cities will grow on ao
count of the canal , but it will bo at the
expense of Chicago , St. Louis , Kansas
Oity , and other similar markets.
' 'The people of the Pacific coast think
they are going to bo benefited by the
construction of the canal. There is
little doubt about this , although the
merchants and manufacturers at San
Francisco and Puget Sound points must
neb forget that it will be just as far
from the Pacific coast to Yokohama and
Hongkong after the canal ia finished as
it is now , and much less distance from
New York. The moment the canal is
open and ready for business rates from
the Atlantic seaboard to points in the
Orioub will be greatly reduced , and at
times will be as low from New York as
they will be from San Francisco. This
will prevent the Pacific coast from doing
the business in the Orient that it aspires
to do.
"It seema to me that the Nioaraguau
canal bill should be entitled 'An act to
build up and foster the commerce of the
cities along the Atlantic seacoast and
the Gulf of Mexico. ' "
PROVE A BENEFIT.
The establishment of such journal
as Bryan's "The Commoner , " J. Sfcer
ling Morton's "THE CONSERVATIVE" am
others , will have the tendency to sup
pi nt the general newspaper as a part ;
organf and in that respect , they wil
provG/a benefit. Grand Island Inde
pendent. . - . .4 , , "
I * V
. - , : , - , Mv , , . '
> ' * " or . it-
.
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