The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-24
Price Two Cents.

ATLANTIC AND PACIFIC CANAr.-Tb. con,rac,
entered into by the Brings, OF London with the
Republic at New Grenada, for the construction of
ship canal across the lshmus ct Daren, provides
Tor cedlng 10 thu Company the line tor the projected
work, with eighty thousand acres of land on the
| two banks, and four hundred thousand acres in the
Interior These princely merchants do not appear in
this transaction the agents OF the British Govern
ment officially; but they are British subjects pro-
tected by the Government, and doubtless many i'm
portant advantages will be secured 10 Great Britain,
both political and commercial, by the completion Of
the vast work here projected.
The time has been when the construction of this
Atlantic and Pacific Canal-a work OF world wide
concernment-was IN our own hands II we had
chosen to take up the matter. Other nations
the other side OF the water held back as though II
were expected that our Government would execute
an enterprise to which II seemed called by position
as ihe foremost power on the Americaa continent.
ana as power whose commercial spirit and energy
would hardly brook the Interference OF European
nation ~ work so peculiarly American. The oc-
caslon, however. has been suffered to pass Through
our tardy Indifference the work which we would
not do has fallen into hands that will do it-into
hands which will hold il with steady grasp when
! It is done. The key of the whole American con.
| tlnent Is to be IN the keeping of England-there
being, as Il would seem, no proper guardian Of 1t
on this side OF the Atlantic at least none with sp-
rit enough to step forth and claim the function
The completion OF a ship canal between the two
oceans as projected will mark era in the worlds
age. The event will stand forth TO give dIstinc-
tive character to the century II Is TO be a five
years work. to endure forever The whole aspect
OF commerce will be changed by It. Ii will acce-
lerate the revolution now going on in China more
rapidly and more thoroughly, than al the force Of
British armament-an not there only will it work
changes, but in all POLYNESIA and Australasia. and
the western coasts of South America, which are
now reached by doubling Cape Horn.
We observe that writer IN the Alexandria Ga
Zete Is OF opinion that better route for canal be-
tween the two oceans is by way OF the river St.
Juan and lake Nicaragua better than across
the lshmus OF Darlen THIS latter route is through
mountainous region for some forty or fifty miles,
while by the other the distance required to be cut
will not exceed fifteen twenty miles and as RI
vers empty into the Pacific at no great distance
above lake Nicaragua, the inference IS fair that
great difference OF elevation exists between the lake
and the ocean
1t would be worth while unquestionably to send
special agent to Guatemala on this business to
make inquiries and examinations at least. The
last ambassador sent thither from the United States
was not able to find any government there after
much painful searching he was obliged to give it up.
We do not know that the Guatemalans have any
government yet-pOssiby they have At all events
an envoy might be sent, and for aught that any
body knows, he might return with knowledge OF
the two important facts-that a practicable canal
route between the Atlantic and Pacific, and a live
government both actually exist in Guatemala
baltimore american.
MEXICAN SrKAM SHIps.-I has generally been
supposed here, that the Steamers Guadalupe and
Monte yuma belong to the Mexican Government.
We have however been informed by Col. Morgan,
that of the centralists OF Campechey, who are
residing in Mexico, have written to their friends
there and informed them that these vessels arc
owned by company OF British capitalists in Lon
don, and are merely loaned to the Mexican govern
ment at certain rate per month, and security
given that they shall be returned at the close of the
period OF the contract in good condition; or pro-
per allowance made for tie damages they may have
sustained. II these vessels had been captured by
our Navy after the proclamation of the President
had been issued, the British government could per-
haps have required them TO be restored TO the own
ers, and perhaps, the case OF the Eliza Russell,
would have required our government to have made
restitution for the damages sustained. This may
account for the anxiety manifested by the British
Consul at Vara Cruz to prevent the Austin and
Wharton from visiting Campechey And may &C
count also for the sudden visit OF The British brig
spartan to Galveston-H Houston (1eras) Telegraph.
A WORD FROM LORD MoRrETH You may
take the word Of one who speaks from experience
of the matter, that in frank and cordial hospitality
to the guest and stranger, John, the elder Bull, must
work hard TO come up TO Jonathan, the lusty yea'-