THE NICARAGUA CANAL. Washington, January 25.

Otago Witness, Issue 2240, 4 February 1897, Page 16

THE NICARAGUA CANAL. Washington, January 25.

Secretary Olney has been notified that the Nicaragua Canal Company have forfeited their rights, and that tbe Government of tbe : Republic have refused to recognise the company. Senator Morgan is promoting a bill in the Senate to guarantee the company 100,000,000d0l in 3 per cent, bonds. He blames England for her unfriendly intervention, and opposes the ratification of the Arbitration Treaty. January 27. Senator Morgan has altered, in accordance with the suggestion! of Secretary Olney, the text of his bill dealiDg with tbe Nicaraguan Canal. It ia now expected that the Government of the Republic will accept the bill as amended. January 29. Senator Sherman advised the Senate to abandon Senator Morgan's Nioaraguan Canal Bill. He intimated that after Mr M'Kinley enters on the Presidency on tbe 4th March steps will be taken to secure a treaty providing that America should practically make the canal. London, January 25. Mr J. S. Smalley, the New York correspondent of the London Times, states that there is a strong party in the Senate who are favourably disposed towards Senator Morgan's bill.

Mr A. C. Bishop challenges the statement that "Lady Kras^ey watt the first lady to negotiate the track from the beach to the mines in the neighbourhood of Cuttle Cove." He says that when the Tarawera was in the Cove in January of last year he escorted two lady passengers and Mr T. Mackenzie to the outcrop, and showed them over portions of the claims, and in Marcb, 1895, shortly after he had discovered the reef there, the mine was visited by a lady belonging to Cromarty.