Honolulu Republican, Volume IV, Number 495, 12 January 1902 — Panama Canal Offer. [ARTICLE]

Panama Canal Offer.

PARIS. Jan. 4. —The directors of ( the Panama Cana! Company, with I Presid°nt Bo in the chair, met at the Company's offices today, and af- < ter a brief session came to a defi- - nite decision to offer to sell the canal < property to the United States for . $40,000,000. This price includes the | excavations .canal railroad, machinery and all the other items specified in the Isthmian Commission's report. The company's representative at Washington. M. Bouefvre. received a cable message today instructing him to formally submit this offer to the President.