THE PANAMA CANAL.

Auckland Star, Volume XVII, Issue 202, 28 August 1886, Page 5

THE PANAMA CANAL.

M De Lesaeps has ieauod a spirited circular to the shareholders in the Panama Canal Company. The document declares : "Despite obstacles we shall march on. The apparatus and machinery aro all ready. We only require 120,000,000d0l to complete the canal in 1889. We shall issue debentures forthwith to enable France to complete hor peaceful conquest of the isthmus ef Panama,"

-■he Directots of the Panama Canal Company havo approved De Lessopa' circular. Tho company will issue a frearl bond to the amount of fi00,000,000 francs, with a large premium and frequent drawings. The Government has withdrawn the Panama Canal Lottery Loan Bill from the Chamber of Deputies. A violent anonymous attack has been made in Paris on the Pnnoma canal schema. The attack ie mado in a pamphlot, strongly written and containing soventy pages. The title is " Engineers' Lottors on the Panama Canal." Tho cover bears tho imprint of a sarcophagus and tho work is dedicated "To tho Victims of tho Panama Craze." The pamphlet describes the mortality among tho workmon employed in making tbo canal ; describes, in ancctotal form, tho stato of things on tho isthmus ; tolls of tho heedless squandering of French money ; and, in conclusion, states that of twenty-one sections of the canal only five are yot in anything liko an advanced state of construction.