The Senate on Saturday passed a bill for the construction of the Nicaraguan Canal between the Atlantic and Pacific oceans and it is possible that the bill will get through the House at this session of Congress. The bill, as passed, continues the name of the existing Maritime Canal Com pany and provides for the issuance of one million shares of stock of $100 each. The Canal Company is required to call in all its stock except that held by the Nicaraguan and Costa Rican governments, this latter amounting to $7,500,000. The Secretary of the Treasury is authorised to subscribe for 925,000 shares of stock for the Government of the United States. Provisions for changes in the Directorate of the Company are made, etc, The Canal is to be made large enough for the use of the largest sea-going vessels at a cost not to exceed the estimate of the engineers and not to exceed $115,000,000." The President is authorised to open negotiations for the abrogation of the Clayton-Bulwer Treaty with England or any other treaty found to be in existence and standing in the way of the construction of the Canal. The neutrality of the Canal is guaranteed, but the right to protect it against int ruptions of business between the Atlantic and Pacific coasts of the United States is reserved.
Boston, 23rd January.
Text read from the printed page and cleaned; old type leaves the occasional error.