New-York daily tribune., 1843-08-24
Atlantic and Pacific Canal.

,Tbe contract entered into by the BARINGs, of
london. with the Republic Of New Granada, for
the construction Of a ship canal across the 18TH
,rns of Darien, provides for ceding to the Com
many the line for the projected work, with eighty
iboisapd acres of land on the two banks, and four
hundred thousand acres IN the interior. These
nrncely merchants do not appear in this transac-
ion as the agents Of the British Government Of
scally; but they are British subjects protected
BY the Government, and doubtless many iinpor-
,ant advantages will be secured to 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
vide concernment-was III our own hands II we
had chosen to take up the matter. Other nations
on the other side Of the water held back as though
il were expected that our Government would eX-
cute an enterprise to which 1t seemed called ny
position as the foremost power on the Atlai'tiG
continent, and power whose conifhelcidi
spirit and energy would hardly brook the liiteF-
ference of a European nation IN WORK SO PeGui
iarIy American The occasion, however mas
been suffered TO pass. Through our tardy iiloli-
ference the work which we would not 90 mas
fallen into hands that will do lt-lnto hands
which will hold it with steady grasp when It's
done. The kew of the whole American continent
is to be in the keeping of England-there beng,
as il would SEEM no proper guardian OF 1t on this
side of the Atlantic-at least none with sprlt
snough to step forth and claim the function.
The completion of ship canal between the
Two oceans, as projected, will mark an era IN the
worlds age. The event will stand forth TO give
distinctive character to the century. ltls to
be q FIVE years work-to endure for ever. The
whole aspect of commerce will be changed by 1t.
Il will accelerate the revolution now going on III
China more rapidly and more thoroughly, than
all the force Of British arInament-and 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 writcrin the Alexandria Ga
zetto is of opinion that better route FOR a canal
between the two oceans is by way Of the river st.
Juan and lake Nicaragua-much better than
across the sthmus of Darlen. This latter route
is through mountainous region for some forty
or fifty miles, while by the other the distance re-
CURED TO be cut will not exceed fifteen or twenty
miles, and as rivers enter into the Pacific at no
great distance above lake Nicaragua, the infer
ence is fair that no great difference Of elevation
exists between the lake and the ocean.
Baltimore American.
The canal, upon which 1900 men are now en-
gagged, is to be completed IN five years The
toll is to be s francs a ton. The Government of
New Granada cedcd to the Barings the whole
line Of the work, with $4,000 acres.
Newark Daily.
PENNSYLVANIA ERIE CANAL.--Wc understand
that Messrs. Watts, Colt and Roberts, authorized
by the Eric Canal Company to negotiate loan
for the completion of this Canal, are now IN tins
CITY at the Merchants Hotel. The State of Penn
sylvania has expended upward of :Sl,OOO,OOO
upon this important work. The amount now re-
quired to complete the line according TO careful
estimate made by the Company's Engineer, is
S3ll 900. For this comparatively small sum,
this conncxon of the Ohio River and the Lakes
may be finished and opened for use by September
lst. 1874. lis length is 1876 miles, of which ll6
miles, extending from Beaver to Meadvle, IN
Crawford county, are finished and in regular use,
and the tolls arising thereon, although derived |
from trade altogether local, exceeds the cost oil
superintendcnce and repairs An important busl-
ness is anticipated on this line when opened to
Erie in the coal trade from the Shenango Valley |
10 the Lake country.-This coal is spoken of by /
Professor Rogers as of superior quallty-being
free from sulphur, and admirably adapted to steam
purposes, &c. 1t can be delivered at Erie for
cents per bushe or 50 do per ton; at Buffalo
for about S3 80 per ton; at Rochester for about
81 per ton, and at Kingston, Toronto, &c. in
Canada, for less than 81 per ton. 1t can also be
carried to the city of New-York and successfully
be brought into competition with the bituminous
coal of Virginia.
In addition to a large coal trade, this line will
also secure the carrying trade between the Ohio
River and Western New ork and Canada, and
a considerable portion Of the trade now passing
through the Ohio and Erie, and the Pennsylvania
and Ohio Canals. 1t is the shortest connexlon
which can be made between the Ohio River and
the Lakes, and the capital required to effect its
completion being so very small, will enable tho
Company to obtain complete control and thus re-
duce the cost of transportation to Its minimum.
The charter Of the company is very liberal, and
authorizes them to lower the tolls to any extent.
The Company is also authorzedto to borrow money
and to mortgage the whole Of the finished I'M
pmvemcnts between the Ohio and Lake Erie as
security.
This opportunity of investment is worthy the
attention OF our caditalists.
Philadelphia U. S. Gazette.
CITY lNTELLIGENC