The Wilmingtonian, and Delaware advertiser., 1826-09-14

-, ,,yo or three years ago. was iormeu III
ynidnn and agents were sent out 20 treas
a.;.hthe government Of Central America
about the same time another company was
.la,:t,,ted in the United States, whose propo-
iIs we're submitted and have been accepted.
srne journals, which speak very confidently
Wv w very scanty data, have asserted that the
.o,nnonosals w of the United States company
ipuere accepted because greater reliance was
rloced upon its managers and cohaucsofs'.
frhe English company demanded " the pr1Vi-
,eee of navigating the canal tor thir'y -hVe
years with steam boats, ana ha'i .he pro.
leeds. for fifteen years" Ihe American
comnany demanded only twenty years ,pri-
.,;lepe and seven years Of halt proceeds
Ara;n. the first proposals required that the
pennblic should acknowledge the capital IN
,etted as a debt, andpay it at all e'ents,by as
sessments on the people. ne others agree
mat two thirds Of the proceeds snail De mace
,rswerable for the capital invested, ana that
the other third shall Immediately accrue 10
NE Republic, without any cost, ana that al.
.ar,var.ls she is to receive the whole amount
& the tolls. From this it appears that the
American Company's terms were inhh',ciy
more advantageous than those OF the En9hsh
.culators. This, and this alone is the rea-
s.1 why they were accepted. II any ieei-
;nrs of national jealousy or national prefer
rnce had actuated the Repuhiicah Govern
ment. the consequences ~oulu prooapiy pe
detrimental to the project.
az the immense advantages to the kepnb-
y. and to the general commerce OF the
,vorId not doubt can exist. At present,
NAT and the adjacent districts, though re-
,narkable for sAlu5rity of climate and fertll-
Nv of soil, are wholly unproductlvc. ne
sxnense aud difficulty Of bringing produce
N market. are insuperable obstacles 10 'he
an cultivation Of the natural blessings OF
thr country A speedy and enormous aug
mentation of territorial value, will be the re-
suit of this canal. The actual revenues OF
Honduras and Nicaraguay arr inadequate to
the support of these states. ne dehciehcy
i.to be made up by contributions leVied on
the people. 1t is scarcely possible 70 ina
gne any other way OF relieving the people
and enriching the states, than ny the cultiNa'
of this new channel tor commerclai ehter'
prize and this new market for agricultural
produce. The many benificial effects OF ths
nroect are enumerated in the Committee
report, in very sangui,c (but we think no
too sanguine) language. =.
The next que ,.ion is, its feasibility, W.
have not read the plans nor seen th'
surveys of the company. An inspection
the map, however, and perusal OF two o.
three works on the subject, have convinced
US of its practicability. From the Atlantic II
the Gulf of Papagayo on the Pacific is abou
NJ 1o5 or 200 miles. Throughout the whole
yhat distance the country is generally ic'el
N The facilities of communication are yer.
great, from a connected line OF streams
lakes. The river San Juan has its estnar,
into the Atlantic in 10 as, y. latitude; It
n III, IS From tn
western extremity of this lake there IS
small river which runs into the lake of Lcor
Several small rivers run from lake Leon int
Y the Pacific. Thus it appears that the Who'll
of the way may be at present made by wat
er. The mouth of San Juan is obstructed b
bars, but there is one passage about 25t. dee
and within the bar is an anchorage ground I
\ five or six fathoms. Schooners and briggs {
ven now, go from the ocean to lake Nicars
pua.--This lake is about 170 miles in lengt
and IS in breadth. Ii has throughout, from
j to s fathoms of water.-Lake Leon is, "
A believe, about 90 miles distant, and Il
4 ground through which the connecting strea
n runs is very fiat. This stream could b
4 without much difficulty, made navigabl
a From Leon to the. Pacific is Is miles. 1t
supposed, we understand, that the best ope
Il ng on the Pac fc side, would be some whe
81 in the Gulph Of Papagayo. The anchora
here is good, and the water Of sufficient dep
up to the very shores. On the shores
Nicaragua are two cities--Leon and Gren
da. The former contains somewhere abe
5000 inhabitants. 1t WAS formerly the ca
ital of the province.
From these statements our readers m
form some notion Of the nature and prot
Bile fate Of this project. For ourselves, a
we are not very sanguine. we thiak
(and should) succeed.--.N. !. Eng.
rr71E XNTLNXETx csTrNxAI