The New York herald., 1850-10-28

coats" in Liverpool, on the llth instant Mrs Fitz-
william was seized with fainting fit, and was
liable TO 60 on with the performance. Mrs.
Copeland came forward to read Mrs. Fitz williams
part in Giralda.
| Advices from Malta, of the I'd instant. give the
| following naval intelligence
UNITED STATES SQUADRON.
En- route from Naples to spsszis.Th Independence
frigste, bearing the flag OF Commodore Charles w.
Morgan Mississippi steam corvette Captain Long
At Messina.-The Cumberland Captain L.timer.
I'm route to the North sea-The St Lawrence, Cap
| tain Pauding.
Important Inter-OccaniC Intelligence.
| TIE FAVORABLE RESULT OF THE NEGOTIATIONS, IN
LONDON, RELATIVE TO THE NICARAGUA CANAL.
The junction of the Atlantic and Pacific ay almost
! be regarded rs work commenced On the 18th Of
February, ls49, the Times described the Nicsragaa
route, urging the attention OF capitalists to its sdvap
tsges; and the American company by whom agents
were subsequently despatched to obtain concession
s q
for the purpose of establishing a temporary transit
but have also corps Of twelve engineers actively
gagged In the for the canal The head Of the
party Is Mr. o. w. Chds lately Chief Engineer of the
State OF New York, under whose charge conducted
the recent enlargement Of the Erie Canal
The Nicaragua route to California, across the sth-
mus saves eco miles, As compared with Panama and
has the advantage of healthy climate. Hopes seem
to be entertained moreover that the temporary tran
sic when 1t shall be fully organised may be accom-
Grey Town, ascend the San Juan and the
the city OF Nicaragua, where land journey of only
n
tempated fare for the passage Is $50 including $50
lbs OF baggage for each passenger. This lower than
the charge at Panama and consequently the saving Of
distance and the advantage to health will be also
companied by more than proporrionste diminution
Nothing In connection with the present movements
on the Pacific will b watched with interest than
these proceedings. = has been commonly reported
that the number who crossed the Isshmus last year
was 10000, and the lowest estimate $4,000. The
increasing excitement regarding California and the
shortening Of the distance coupled with the removal
q
stil better prospects for the future Should every
cuated upon year two scarcely elapse before
results may be realized from this opening more
remarkable than any that have yet been dreamed Of
The course proposed for the temporary transit the
same as that which surveyed by Lieut. Bailey in
1887 for the canal. The company And however, that
by carry the work to the more northery
terminus, described in the pamphlet Of Prince Louis
Napoleon Mr. Bailey's estimate Of f4,000O00 for the
cost Of its construction In excess therefore that
which they entertain and the change of route which
to S6 feet has also the advantage of bringing them
the port Of Reheo the finest the Pacific and about
130 miles nearer TO San Francisco.
The charter granted by the State OF Nicaragua pro-
vides that the canal is to be completed n twelve years
The company are to have the exclusive enjoyment Of
IL fer eighty five years after the date of
and to receive fifteen cent out of the net profits for
afurther period OF ten OF twenty years. Meanwhile
they are TO have monopoly OF tho temporary route.
They also to have the exclusive privilege Of
navigation and Of road making throughout the entire
State for ninety years together with grant
of eight sections Of land Of elk miles square, TO be
chosen by themselves on the banks of the canal In
Tor privileges the State OF Nssragus TO
receive nothing, with the exception of some minor
payments until seven per cent shall have been paid to
The stockholders OF all Irohts exceeding seven per
cent 1t s to receive nth during the first twenty
years and one fourth thereafter The minor pay ments
consist OF f2ooo a year until the completion of the
canal and donation of 100000 Of its stock.
The most remarkable Circumstance, In connection
with this charter Is its favorable nature compared
at the head OF a Dutch company in 1880 The limita-
ton TO eighty five, OF rather to ninety years
would return the capital in that time and With th.
exception there scarcely anything to restrict it's sd
participate TO the extent Of hfth in all the surplus
pronts beyond seven per cent In the charter ar
rupted only by the Belgian revolution the dividends
were TO be limited to ten per cent and the surplus pro-
FITS were to be applied TO pay off the when
the entire property In the cena would pass to the
republic. That q cautious and maritime people, like
the Dutch, acquainted with all kinds Of canal work,
should have regarded the undertaking at that period,
and under such conditions. as q renuuerstivs one,
must be held as significant illustration Of what may
be expected. California Oregon, aud vancouvers
Island then virtually unknown the Australian
colonies had scarcely come Into existence the tonnage
amount, and China wa, clossd against the world
The traffic that would pess through the canal esti-
20 fl7C0 t0o or 42h per cent on the outlay. In the
hands Of the most tmid tha calculation could
y be dueed TO point that ~ould leve the enter
prise other than legitimate and attractive one But
the great feature always TO be borne in mind With
gard to II Is, that It would be identified With the
could he taken to limit ideas Of what they
would become thereafter At the present moment for
inftance the caculato would bo based upon the
tng tonnsess ot the various maritime powers sni the
prsfent position Of the channels OF general commerce
but the shipping Of the United states doubles itself
Ispidy and thus before the expiration Of the twelve
years appointed for the completion OF the -ork IT'S
principal sources Of income even II the business Of
the world vest only In it, ordinary course would be
pesrly doubled. The fame process would take place
during every similar succeeding period aud hence,
nothing but reduction Cf tolls (which h0sever,
would sgAin produce an increase Of busnss,) could
Keep the utimsie from exceeding all ressans
hle bounds To those who speculate the Unsuitable
rests of the Introduction Of steam the Pacific Who
have noticed the propositions already made in Ameri-
ca for the esttbI.hment Of mail line 20 China and
vbo, aware cf the tesmnR soil OF Nicaragua aud the
ssuhrty Of SIS chief districts ~ well a, Of the neigh
bsrng states the rush Of colonization that
give value % all the lands that surround its
magnificent INLAND vstsrr the prospect of the changes
20 be wrought by the undertaking. wiz appear Etil fur
thsr beyond the grasp Of any Of The common ooassp
tons Of pstt experience.
ted States lave bound Themselves to the enterprise By
treaty cf protection All The other powers viii &C.
ccrd to 10 the Fsme advantage The territory around
It win constitute the first neutral ground whence by
the p!esged isith Of all civilized nations strife must
be forever tsuished. IL is the grandest physical
work th. world can witness m. past ha, nothing
like g. snd any similar fame must be equally denied
10 the future since there will be no more hemispheres
Is IL destined. u will be asked that In a design
which must thus stand alone and uuapproschsble In
the records cf material progress England active
agent. is TO have psrtl Prem all that appears on
the surface, the viii be In the rmetivci and
boxing at as the penalty OF mania In which " was
denounced AZ treatoRAble TO question the spending OF
fsooCcoooo yesr IN snsisgous opera'ions the hu.
initiation would be deserved az would be inefacs-
able. Happily, however. 10 has been avsrted
Througbout their entire negotiations u has asays
been known that the New York Company have
desired that TIE work should be Of cooperation be-
trsen the tvo countries and In this spirit although
turrounded By violent political Influences that would
have urgtd different result promise VAS given TO
Sir Hsnry BUrer that an equal participation In the
enterprise fhoud be offered TO this country on reason
abe terms To uLi 1ai pdgs, fro coranssiorsrs Jron
ths company, Nesws. Whit aud Tande5df, srrired IN
Ior don 5h SIT and afsr short period q( negoffa
fon sadyocioyv arrongensnt ras eo-pLied hfs efer-
noon.
That such has been the ease, u must at he same
time be stated is owing to the etrsightor ward aud
me6erste requirements Of the New York Company,
and the ssgscity ard patriotism Of tvo leading
mercantile firms and also Of tbs Governor sf the Hud
sone Bay Company, Sir Henry Pelly. ny the eourss
which has been adopted these parties conjointly With
others will po,sess the power Of Offering to the British