Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-09-29

The Canal 10 be opened 10y the company shall
admit vessels of the largest burden possible. The
Government of the Republic of Central America
il bound to contribute to the expeditions COM
pletion of the enterprise, by permitting the cutting
OF timber necessary for the orks; BY facilitating
the surveys and other preliminary opera,ions By
furnishing the plans, charts and dwellings already
made and In procuring workmen; and is further
bound 10 indemnify the owners of lands, farms and
other property through which the canal may pass,
for all damages incurred thereby. The accounts of
the company for all disbursements made in execu-
ton OF this enterprise. 10 be audited the Trea-
sury Department, of said Republic every six months,
and interest shall then commence thereon, at the
rate OF ten per cent. per
The company is entitled TO receive two-,hrds OF
the duties imposed on all vessels, goods, and pro-
duce passing through entering the canal; the
Republic is to receive the other third part The
company is also entitled receive one>hali of the
net proceeds of the canal for the term of seven
years after the payment, by the Republic. OF the
capital invested therein, by the company, together
with the interest thereon, at the rate OF ten per
| cent, per annum; with the exclusive privilege of
the navigation OF the canal by steam boats for 20
years after the completion of the canal, fee OF
duties; and is authorized 10 fix the amour, to be
paid tor the freight OF csrgoes and passengers on
board said steam boats, and the rate of compensa-
ton for towing vessels through the canal
| The navigation OF the canal will be common TO
all friendly and neutral nations, without any ex-
elusive privilege. The Government of the Repuh
lie is bound to keep in he Lake OF Nicarasua
and other points the canal, the vessels of wal
which she may judge necessary for the defence and
| safety thereof
The proposals Of the company, are TO have q
preference for the supply of the Castles and fortii
cations to be erected on the canal, with arms am.
munitions and stores; and also in the contracts lo
building and equpping vessels of war for the pr
reserve FIVE per cent. of The capital stock to b,
subscribed for the natives of the Republic Thin
one year after opening the books of subscription
1t will tie remembered that in the year 1925 ,
law was passed by the Congress of Central Ameri
connect the TWO oceans, and an advertisement wa
accordingly issued, inviting the enterprisng of al
nations 10 offer proposals for executing the work
Those made by the company of which Mr.. Paine
Is the general agent, accepted.
In the Chamber OF Representatives. we learn tina
the votes stood 30 To 6 in fsvor of raityins tn
contract, and that in the Senate there was not
dissenting voice. With these sanctions, the Con
tract received the signature Of the President on TIL
nth OF June last; and the great seal of the Repub
lie being affixed TO it on the same day. il il now
part OF the law of the land. To the activity in
teillgence, and perseverins zeal OF Col d. f}enes
XII, gentleman formerly attached to tie Mexican
army, and personally held in high respect by hi
members OF the Central American Government
most OF whom had been his associates and compan
ions in arms we learn that the company are chief
~ Indebted for the successful issue of this impor
tant negotiation Nat JovrnoL