The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-23
sight. pile driver has been sent up, and tn. work

sight pile driver has been sent up, and ths work
win be pushed through with all possible despatch.
The application to Congress for Q contract with tho
government for the ira portston Of malls nit
OF war, soldiers eaors so the Isthmas OF Pa
mama, by railroad, appears to meet with much oppo,
ton from certain Western ierests The first sppii
cants were Messrs Aspinwal, Stephens Chsuuoey,
and bill giving them the contract introduced in
the Senate by Mr. Benton and received his powerful
eupport This Is favorable crcu instance as 1t is we'll
known that Mr.. Benton countensuces any vi
eonary projects and Is general thing, opposed to
the government connecting itself In way with such
matters Since this bill introduced several other
petitions have been prese md the consequence h
considerable opposition to that Of Mr., Aspinwall So
far We the object the apple have in
view s to obtain the contract and then force them
possible upon the party who the ant from
the government Of New Granada The construction of
the road does not depend entirely upon obtaining this
contract from the government Of the United States
but the aid of Congress would expedite its completion
and open the commun ton . much earlier period
than 1t would be otherwise Whatever routes n, ~ be
in contemplation that by the Ishmus Panama will
without doubt, be the first opened, and for the
portation OF merchandise, will doubtless take prece
.dsnce OF all others.
Congress has nothing to do with the rights aud pr
vileges Of the parties who intend bulldog the rail.
road from Chagres to Panama. The right OF way OBJ
tanned by by treaty from that Of New
Granada does not shut out all others. The govern
ment Of New Granada can, give the pri-
vileges to Great Britain, or to any other govern.
msnt to any individual it peases and II something
not done at to the privileges already
granted to government and to our citizens, an
effort WILL no doubt be made by the British govern
ment or BY British capitalists obtain the right Of
way across the Isthmus Messrs. Aspinwsl Stephens,
Chaunoey merely ask Congress to to them
fair remuneration for the ira Of govern
ment property and the mails, their road across the
Isthmus Of Panama, for q certain period. They ask
no favor further than for services rendered, and
payment until the work 10 performed 1t Is stated that
the aggregate Of this is five millions of dolars-a very
large sum- but is not the service to be performed large
and for great length Of time? If some of the Senator's
who are fat at figures, would 20 a little fur.
Their, they would find that for one hundred years
1t would be five times much as for twenty years.
and if they wanted to alarm any with array
figures they might estimate the amount for We hun
bred years 1t is characteristic of of the mbers
of Congress to take contracted view of every
Important measures and opposition from SUCH is, Of
course, expected It matters very little to the people
of the United States who builds this road ny as it
is completed at the earliest moment; and hope Con.
2ress will give the contract ifit gives at ALL to
.thoee who have energy and capital enough to make
short work Of the matter. II little more judgment
had been exercised in giving the foreign mail
tracts it would have been to the credit Of the
government and We trust proper measures will be
taken in this instance to see II the successful app
can't or applicants able to carry out his their pro-
po,als This railroad will COST when finished about
three million of dollars and be completed in two
years II the government refuse all aid support, it
will take at least eight years There is other
which presents equal facilities at the COST and
other route that be constructed in less than ff
teen or twenty years.
The semi annual interest the bonds of the jane
River and Kanswha Company will be paid on the 1st
Of January. The annexed statement exhibits the
amounts due
INTEREST.
Due TO Individuals.
Interest on guaranteed bonds 000 $42 900 90
Due to the State.
Annuity to the old James River
Interest on loan Of State stock,
1872 $3.50 0o0). 1900 90
interest on bond given to State,
(26S $40 33D o,ooS 90
Interest loan Of State stock,
1S47, (S492 0O0) ............. 4'oo %
- 40 $40 SO
III.
This company has applied to the Legislature of Viz
GINA for the guaranty of the State to the issue Of
bonds necessary for the tidewster connection, and
Great efforts being made to the bill through