The Sun.
London, England, 1857-03-10 00:00:00

HONDURAS INTEROCEANIC.

An influential meeting of merchants and others was
held yesterdry at the Town-ball, Manchester, in refe-
rence to the proposed railway from the Atlantic to the
Pacific Ocean. Mr. E. G. Squier, and a deputation
from the board of directors attended, to explain the
bearings of the undertaking on the commerce of this
country. Mr. J. Watts, the mayor, presided.
Mr. G. WlLsorr said Mr. Squier was the representa-
tive of the United States in Honduras for many years,
and was the originator of this railway, for which he bad
obtained the concession. The board of directors con-
sisted of 17 members, of whom 6 resided in America, 7
in London, 2 in Manchester, and 2 in Liverpool.
Mr. SQUIER detailed at great length the circumstances
which had brought to his knowledge the vast superiority
of the route of the proposed railway from Puerta Cabello,
on the Atlantic, to the bay of Fonseca, on the Pacific
(a length of 147 miles), over the routes by Panama and
Tehuantepec ; and entered into particulars as to the
salubrious nature of the country traversed, its mineral
richness and fertility, and the great capabilities of the
terminal ports. The route now proposed was contem-
plated in the 16th century by the Spanish Government
as the future line of communication ; but the subsequent
wars and declining power of Spain led to the abandon-
ment of the project. The terms of concession were
much more liberal than those granted in the case of th•
other two routes to which he had alluded ; and Dre
Scherzer, of Vienna, had reported on the country as be- •
ing capable of producing all the products of the tropics.
The proposed railway would shorten the distance from
New York to San Francisco by 1,300 miles, or 10 days'
time, and would, attract a great proportion of the travel-

ling from the Panama route, which had paid 12 per
cent. yearly. The proposed maximum cost of the line
would be $10,000,000, and be estimated the net reve❑ue
at $3,200,000 per annum. The opening of the Atlantic
telegraph and the probable telegraphic connection from
Puerto Cabello to Havannah would place that part of the
world in almost instantaneous communication with
Europe. (Hear.)

Mr. T. BAZLEY proposed a resolution, expressing the
importance of connecting the Atlantic and Pacific oceans
by means of a railway across the territory of Honduras,
which would facilitate the transmission of passengers,
merchandise, and specie, with certainty and regularity.
The MASTER CUTLER of Sheffield seconded the resolu•
ti9D.
Mr. E. WATKIN stated that the directors of the under-
taking bad decided, at their own risk, to send out a com-
petent staff of English surveyors and engineers, assisted
by a Government engineer, already nominated by Lord
Clarendon, to verify all the calculations before the mat-
ter was launched before the public as a commercial
scheme. (Hear.)
The resolution was carried unanimously, as were votes
of thanks to Mr. Squier and the Mayor.

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