London, Aug. 26.
'The newspapers emphatically dejeune to accept President Taft's argument with regard to the Panama|° lQanal Bill, which they regard as a mere legal quibble more worthy' of a pettifogzing attorney than of the: President of a great Republic. They point out that Mr. Taft's action is glaringly inconsistent with the professed faith of the United States in It is expected that Great will propose the submission of the whole case to The Hague Tribunal.
Text read from the printed page and cleaned; old type leaves the occasional error.