Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1850-11-02

millions Df dollars were required to be paid
before q dollar could be appropriated Oh
tic lstlnllia. The return Of Mr., Tairar
created d feeling Of encouragement Of alI
effort as hopeless.
/ BY a fortunate concurrence OF circufn@
stances. however, Mr. Falen, the seeree
| tafy Of the committee, became acquainted
with Mr.. lIargotts in New York, short
time after Mr.. Iartar's return. In cell-
versaion on the subject, Mr. Tallon, who
was thoroughly hequained, from his po-
sition, with the feelings nnd views Of The
committee, siateeded il, convincing hlr.
| iargous uf the great assistance that
could bs rendered to The grantees hy the
citizens of New 0rleans--of the iinpor
tance Of the services, and tlial the udvar-
tages resulting from blending Of their
connnon interests would more tllan com
pensate for any supposed sacrifice. the
grantees might uiahe III the disposal of
their figl,ls. Negotiations were resumed
and resulted i'll All agreement with mt
Hergous, Of which the following is All
outline;
/. JfiIs jfuttLpN " US W Nti'ift i'i thF
citizens Of New Orleans preference in
carrying out The enterprise, and give th",n
| two years within which to efanniae a
company for that purpose.
| 2. 70 prevent the possibility of any
different disposal Of tle graut in the III
terval, Mr. llargotts wes 10 make a con-
veyance Of it to trustees, who were au-
| thoriHed to tonvey it to the Contemplated
company. if formed within the limit Of
| the two years. AT the end Of tllat time
! the trustees were to convey it back to
| Mr. ilarEous if there should be failure
OF organization.
3 Mr.. ilargors was to choose for tr,ls-
tees persons who were citizens Of New
Orleans, aud who should he approved hy
the committee.
4 Mr. Hafgois WINS to receive for his
privileges, lands, sc, one-tlfrd Of the
stock Of the contemplated company, not
| however to exceed three millions Of dol
lars. For this purpose il was assumed
| that it would cost about six millions Of
dollars to carry out the work. The cap
itsI Of Tie proposed company WINS there
| fyfe fixed nj SO. 600 0nO-oue.t bird for Mr.
| HarEous and tWu-thifds for subscribers
But it was also provided that if lie
work could he done Tor less than f;G,0g0,-
900. Mr.. iiargohs was to have shares to
the amount OF only one-half of the real
cost, so as to he entitled TO one third Of
The wole number OF shares and no more.
| IF the estimated cost Of ST O0O 900 were
exceeded then any further sum required
was to be raised by loan aud 11r. !iar-
cons shares WcrC 10 bear oue-thlld ui The
burden Of tie loan. so oil all occasions nnd
ii any event 10 keep aniinpaired The
original proportion agreed OF, viG ON
third for Mr., HargoHs aud two-thrds for
subscribers.
g. Mr. Harpous was To be reimbursed
for his advance of half a million hilt III
stead Of cash he was to receive only one
fourth Of it when the company should be
actually organized, mud the remainder in
one. two and three years from that date.
We have given the mere outlines OF the
above agreement to avoid extending this
report to too great length. the mn9f de-
tails can be examined by those desirous Of
further information at the office Of the
committee where the agreement ss well
as nll the other proceedings of the com
nittee have been recorded i'll a book OF
minutes Which is open to the inspection
OF every citizen. We shall not dwell up
oil the delays and difficulties encountered
in bringing TO ii conclusion, almost entirely
by correspondence, matter OF such
magnitude between distant parties, but
shall merely state that Mr., Hargous select
cd trustees vho were approved by the
company. They are Messfs. Peter
Courey, jr. Leonard Mathews, J. j.
Benjamin, :. J. Peters, J NJ. Lapeyre and
Bernard F'allon. The deed Of trust TO
these gentlemen has been executed. aiId
is also open for inspection at the Office OF
the committee, and the control OF the
enterprise Of Tehusntepec. Railway is
now vested in the city Of New Orleans,
for term Which will expire on the second
day or May, A. y. 1869.
During The progress Of the negotiations
thus happily concluded with Mr.. Hargons,
yoilr committee have not been unrnindiul
of The other important subjects requiring
their care aud investigation. it was re-
a,lisite not only 10 secure the conveyance
of the rights OF the grantee, but TO become
Satisfied Of the validity OF the CONCESSION
made To them, and to obtain further GER
tainty Of the practicability an enterprise
whose beneheiaI influence on our prosperl-
ty was questioned by none. The inquiry
rs to the validity Of the grant to Mr..
Ifarauus has resulted to our entire satisiac-
ton. It rests on the following grounds.
/ On five successive DEGREES Of the
Mexican Government III tavor Of Mr.
jose Garay, issued on the ist March, 1912,
9Th February, 1913 4th October, 1si3
|2stl December, 1913, and 5th November,
1916, These DEGREES arc all eenci,ed in
most formal and explicit terms. They
were issied from the oliice OF the Minis
ter for Foreign Affairs. They are signed BY
three successive Executives Of the Mexi-
can Republic, viz: President Santa
Anna, President Nicolas Bravo, and Gen
Joee Mariana de Salas.
g. On judicial proceedings had on the
| Isthnus, under order from the Mexican
Executive, by virtue of which proceedings
Judgment was rendered and Mr. Garay
put in actual possession Of tue lands
granted to him by the concession. These
judicial proceedings took place after a
regular and careful survey of the lsthmus
had been made by Mr., Caray with COM
pesnt corps Of engineers, according tothe
requisition OF bis grant.
3. On the formal official recognition
made by the Mexican Government TO the