The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-04-30
Panama Correspondence.

PANAMA, (NewGanada). April ., 1850
Eds CresesRAs every thing relating to the great object
Of onr age the connecting ofhe Atlantic and Pacific Oceans
eagerly read by the whole communitymOre especially at
the present dmeand having some leisure time have col
c,ed few facts the present condition of The Panama
Railroad project which may perhaps be Of some interest to
your readers They derived, principally, from gentle
man. who has paid much attention TO the subject Of connect
ing the TWO Oceans To make clearer to the general reader
Eeoapulse facts which doubtless familiar to
In the yeur 184S, Messrs. w. II. Aspnwal John Lloyd
stephens and Henry Chauncey, citizens Of New ork ap
pied to the Government Of NewGranada and obtained
grant OF the right to construct and MAINTAIN, for
years, Railroad across the hmus of Panama; for which
privilege they paid bonus Of about $2OOO as security for
their duly proceeding with the work.
Immediately after perfectng this contract Mess Aspn.
wall Co. proceeded their to organize and
dispatch to the Ihmus large and experienced body OF
American Engineers under the direction of Col George w.
Hughes, distinguished officer Of the Typographical Engi
neers Of the United States The conducted with
vsor accuracy, and careful observation duplicate copy
OF the report forwarded Washington City, and depos
tied in the Typographical Bureau at that place. for the
inspection and scrutiny Of the Government oil the
United States. The of the survey which employed
eighty persons, exceeded $4,000
In April last S9, the Legislature OF New orkI on the
application of Mesrs. Aspnwa Co., incorporated them
and their associates body corporate by the legal name OF
the Panama Railroad Company" empowering them to
construct the proposed road and for that purpose to receive
subscriptions for IS 600 0at which sum their capital was
fixed.
of this sum, 81 COO 900 subscribed in NewYork in
June last and 20 cent sO 00 of which has been duly
paid to the company and has into regular operation
under Its Board of Directors consisting OF Th0s W. Ludlow,
President; John Lloyd Stephens, Vice President and w.
H. Aspinwal, Henry Chauncey, Cornelius w. Lawrence,
Sam'l B. Ruggles Saml s. Rowland, Governor Kemble.
Edwin Bartlett Jas Brown, Joseph b. Varnum and David
Thompson
By the charter from the State of NewYork the company
have eight years from the 18th of July 1850 and
complete this road but they if the Congress of the Uni
ted States will grant them the privilege and immunes they
ask from that body they will complete in two from
the first day of May next.
Gen. Mosquera, PresidentOf NewGanada under whose
administration the grant obained now nlPanama. He
Is the agent of the company this point John Lloyd Seph
ems the Vice President of the company is at the seat of
Government of NewGranada Bogoa) on business connected
with the prosecution of the enterprise.
On the LIST of this month the Granadan schooner Bogot
arrived here from Buena Ventura with fifty slaves work
on the road-three hundred more are daily expected.
Capt Taylor, of Chages, also sent Ups few days ago,
thirty laboers work the road and the next Eng
fish steamer from Cahagena expected to bring hun
bred more-employed there by Mr.. Totem Of the
tractors.
The implements-such as CARTS wheelbarrows shovels
etcave been landed along the line Of operations for the
employment Of hundred men. of rail
road iron has also been landed on the Gulf shore.
French geoogst is here-sent out by the company
to examine the country and make geological report Ii is
stated here that Messs Barring Brothers have taken stock to
the amount of S250,C00.
So perceive this company preparing to push their
great project with vigor and behooves the friends of the
Tehuantepec route, and especially the people Of New
Orleans to be up and doing Should this road be the earliest
completed, it will be almost impossible to divert the trade
from it.
Panama is showing strong evidences of future improve
ment Houses repairing and rents advancing. The ma
tive population, Chat natives of the country am told
by an old resident has than doubled in the past two
years 1t has quite business appearance However, the
ticket speculation appears to be the leading business OF
the pace-the great stape-and they manage it most
adrOty In the face of six in port for California,
tickets kept up at rate of $50 $50 above their org
nal price.
would advise to here without through
ticket" unless they prepared to be shaved.
A great many persons taking sailing vessels,
of the high price of tickets do think that the
number Of persons, California bound the sthmus,
ceeds two thousand The steamers in port, the Gold
Hunter, (he price of her tickets $780, did vary) the
Sarah Sands the Isthmu the Carolina, and the Oregon.
The Panama sailed on the LIST.
There considerable number of sailing vessels in port
some twenty thirty. will forward you papers by this
| mail, from which you gather the local news. II.