Sullivan & Cromwell

President Roosevelt, having reviewed the arguments and exhibits presented, informs the law firm of Sullivan & Cromwell that he has decided against the New Panama Canal Company. Roosevelt believes the United States government does not need to pay more than the already paid forty million dollars, as the extra digging done by the company was both covered by the ten percent margin, and was done to preserve the rights of the Canal Company over the land.

Collection

Library of Congress Manuscript Division

Creation Date

1906-04-16