After serious review, Secretary of War Taft asks Chairman Shonts whether to accept a bid for the construction of the Panama Canal under the present contract or to reject all bids entirely. Taft cites that the two most desirable bids, McArthur Syndicate then William J. Oliver and Anson M. Bangs, fit all the requirements with exception to “the least expense of the Government” due to the bidders’ desire to split profits with investors. Taft informs Shonts of the resignation of John F. Stevens, chief engineer of the project, and solicits to have him replaced with Major George W. Goethals, who agrees with Taft and Stevens that a new contract must be drafted. In the meantime, Taft requests that the Commission reject the two bids aforementioned.
Collection
Library of Congress Manuscript Division
Creation Date
1907-02-23
Creator(s)
Taft, William H. (William Howard), 1857-1930