The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-10-22

The Permanent Committee, appointed by you at your pub.
report 70 you account of Their action your behalf This
IO nas 6t9n DELAYED because Rs measures devised by
most important OF these measures are now accomplished and
this time for action has arrived.
On the organization OF the Committee, MIR. Conrey was
chosen Chairman, and Mr. Bernard Falon made offer
forts of course, directed the OBJ aiming OF the prv
leges granted by Mexico to Mr. Garay These privileges
LIST; OF the crclusips right of establishing communca-
ton by steam the lsthmus OF Iehuautepec by canals
railroads, improvement OF natural wateTCUurses This
night is granted for sixty years
a VI grant IN fee Stmpte Of Ten leagues e. land on
each side Of the line OF communication; making about fire
Sd. Ofexem0ton from any contribution or taxes on trav
eIers or msrthadizen trGRSu for term of fifty years. and
exemption from hanspor dues reishts ghterage tonnage,
4h of The right to foreigners to acquire real property
| leagues either side Of the line Of transit
and implements for the arts for twenty years and on
all art Of subsistence, clothing, furniture ard other things
| SIR years from the establishment of the colony.
9TH VI making all works necessary for shelter and qse,
the b Line, to be selected ed Ry he grantee ,
by committee and their earnest efforts d
reced to the securing of its advantages New Orleans Al
of other states, necessarily contribute immen sey to
our commerce It was obvious that weghy motives existed
ior endeayorng to the control OF the route in this city
Ihe efforts Of the citizens of New York to mon0poI re the
across Panama. had been emineny successful and could
bRt be m0ryng to our merchants, The whole line Of west
ern travel, instead Of descending the Mississippi was borne
on railroads to the Atlantic and the superior
Prise OF our northern rivals had enabled them entirely TO
relation to commerce. ought to have secured for The
concentration in New Orleans of the capital be expended
in the road and Of its receipts when made by means
unworthy OF consideration and our Ocal position was
| the work to be done
Two SUI ects of consideration were of primary inheritance
1t necessary ascertain validity OF grant and
secure rs transfer 10 company to be cstab shed Ouls
ana The Tepqted grantee, A HargOus, had made himself
known at Washington by his Jealous endeayors obtain
slstance IN the shape of mai contract, enahe him
full The route by Panama had already secured the
her capitalists to bold rival enterprise. The opportunity
was thought favorable for rendering Mr. Hargous the
that the benefits ofou exerons would enure to the gvan
tageot New Orleans; that if time, efforts and money
reap its fruits With this view was deerlninedto propose
based on tie motive that the erS gea value of 6
was suGh as would require for It's Pgrchase so large sum-
the double purpose OF making the purchase and building the
road and also because the Committee was yet entirely
sasleu as TO the validity Of the title OF Mr. Hargous, and
was also DESTROYS Of retaining the aid and opera of him
self and his associates the turtheranCe the pojec
sum OF about ten tRousana dollars having been raised by
soGPo9 70 Gei[a$ tne 9remLn5ry expenses of all kinds
one Of their NUMBER as Especial delegate visit New ork
confer YIN NJ Hafgous ascertain as far possible the
contomably to the views above expressed instructions
lars was suggested by The Committee s the eytr oI a
they were disposed to allow tor the grant placed BY Mr.
The mission Of Mr. FqIFarproved unsuccessful The pro.
join czens Of New Orleans requiring not ony he 8ricS
iii
yey materials the Isthmus outfit and expsn Is Of other
only in stock of the sG We eah"ef oil the pnce
r The Committee unable accede to these terms be-
evng impossible to the enterprise on this basis
Convinced Of The immense value of the land alone hide
Rendenty of the privileges attached to the grant they t
tel ddent OF success obtaining the heavy subscription
and half millions Of dollars required be paid before
o ar could be appropriated on the lsthmus The return
INDUCED the abandonment OF al! effort as hopeless.
WITH NJ HaTsoTs IN New we o 5 became sgNTainteG
was thoroughly acquainted, from his positl with the feel.
nas and views Of the Committee succeeded in convincing
Mr. HaTgou Of the great assistance that could be rendered to
e giantees by me cuze9s Of New Oreans-ot the import
ace Of te services, ana that the advantages resulting from
blending oil their common interests, would than com
the disposal of their rights. Negotiations were resumed and
resulted in an agreement with Mr.. Hargous which the
lst. Mr.. Hargous secure for the citizens ofNew Or
Iaa5 d preference "a CqEr{E on the enterprise and give
them two years within which to organize company for that
I'd. To prevent the possibility Of any different dgDoal of
the grant in the interval Mr. HargOus was 10 make con
veyanoe Ot to trustees, who authorized to convey
the years. At the end that time the Trustee We're 10
convey back to Mr. HargoUs if there should be failure Of
3D. Mi Hargous was to choose for Trustees PERSONS VINO
were citizens O. New Orleans and who should be approved
Attn. Mr. argous receive for his privileges, lands,
not however to sIcced three millions of dOI5rs For ths
purpose was assumed that it you'd about mill ons
I
Hagous and t@O.hirds for subscribers.
But was also provided that if the work could be done for
amount Of only one half Of tie real cost so as to he iG
one-thrd Of whole number of Shares and M mora II
the estimated cost Of s6OOOOO exceeded then aDy
further sum required was to be raised BY loan and Nj U
gous shares TO bear third OF the burhen Of the oan
50 as on az occasions and IN any event to keep unlm paired
sons and two ir Tor sabsGber s1 OHs''0 'or ' liar
9TH. Nh Hargous was to be reimbursed for his advances r
half of million, but instead of cash he was 10 racae 0ni
oIe-tourth OF it when The Company should be actually o
nizeJ, and the remainder in one two and three vGat ~
| that date.
We have given the mere outlines Of the above agreement to
avoid extending this report to too great length the minor de-
al can pc examined by those desous OF further information
at the ONCE OF the Committee where the agreement as well
Us az Ie 0IeI Rroeeeqngs Of the Committee have been
corded IN DOOk Of minutes that Inspection of
every citizen we shall not dwell upon the delays and diff
Gule3 encountered IN bngng to conclusion almost ell
tey by correspondence matter of such magnitude between
ulslal ties' 0uL sidu merely state that Mr.. HaTgUus
Clsi 2Ua' WY we're aioEeu Dy ne Committee They
80, D. ~ - l-gSluI ,Ialie%5s j. r. ben
I i n, , ' ~, Ia e ri anu bernard alI9n The
ofn o e. w. soc5 81 ILL., mt' PeGu eAeeutei, and Is
~ upe IN ~ ~ az tG ot4ee O lhe COn4ltlge, and
mI1 VI .e @ o. Ieilantepec Railway is
He III us Cjy ~, VI t'eM Ohea5 Or q Term which Will
During the progress OF the negotiations thus happily
cuueI with Mr. iaTgous your Committee have IN
~ WI REQUISITE not only 10 secure the
FeyahCe OF the rights OF the grantees but to become satisfied
OF te Nay OF e concession made 70 them and to obtain
uilef AMY CT Inc rdctcaOlty OIL an enterprise, whose
beneficial influence prosperity questioned by none
The inquiry as to the validity of the grant Mr.. Hargous
mas resulted 10 our entire satisfaction 1t rests the follow
ing grounds;
lst On five successive DEGREES of the hIpvic5n
in favor of Mr. lose Garay issued on The Isl March, iS43
and 9th November 1876 These decees are ali couehed in
formal and explicit terms They We're is,ueI from the
by successive Executive, of the Mexican Republic
President Santa Anna President Nicholas Bravo and