Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-06-29

(which have been acquired under it may now be regarded
incapable of being upset. II is that Mr.. Barclay III
British consul at New York. has given notice to the compsn
In extending the grant the exclusive right Of navgsn
agreement in regard places where has no competence
since the boundary line Of the Mosquito kingdom touche
the St. Johns river At the Mschuca rapid about thirty mile
below the lake Nicaragua, from whence the mouth of tn
st. Johns the navigation belongs to Mosquito = but this
supPosing the English view be admitted in way
main privileges they have obtained woud necessat
negotiation their behalf to obtain from the King of Mos
quito or, in other words, from the English Government
guaranty OF those rights on the San Juan which it is not
the power OF Nicaragua to grant and in this is to be in
eed there would be obstacle since would be mpossi
BILE to refuse the application, long as the company ar
ready bind themselves that the route when
shall be open on lar terms to the whole world
that the power OF holding its stock and of participating in
management shall likewise be fee to all parties Indeed
believed that the question has already been met both
Lord Pamerson and Mr. Abbott Lawrence in a spirit which
will speedily lead joint guaranty the part Of England
and the United States of the neutrality of the whole line
political difficulties therefore, far the promoters of the
canal concerned there actually none short although
yexatous deay-or few months impeachment to such
an undertaking would be an evil full of reproachis all that
could arise out of the uncertainty present existing on these
points Neither England the United States would like il
form part of their history that the human race had been kept
for two or three years. from witnessing the junction
Of the Atlantic and the Pacific, because their foreign minis
es had been unable to adjust wrange whom belonged
the right of concedng seventy miles of the now desoat
Track through which the work would pass
In the projects for the Nicaragua canal hitherto put for.
ward the estimated cost has been "a 0OO the actual
outlay being reckoned at e. 600 0OO and the remaining
f400 900 being allowed for casual expenses These cacu
aton professedy made the high scale of the Caedo
MAN canal where the expenditure nooriousy reckless
and at period when the mechanical facilities for such UNDER
takings very imperfect compared with the present
time Thavv vera Qao h0vvav
Ba, which regarded having been made with degree
of conscientious emitting them to the highest credit
Hence, in the calculations in question: there are no existing
points Of engineering difficulty which not comprised
and may accordingly be inferred that, if they under
the mark, the deficiency simply caused by not allowing
enough for labor materials, and interest of money. Theim
povements in mechanical science, and the dmnutoD in the
cost of materials during the last ten years. would
may at least be assumed, make up large
the other sde and allowing therefore, for the nvaabIe
perence which attends all estimates there snow reason
suppose that under any circumstances, the could
coed the total that has been contemplated. This is
what less than half the amount that has been expended
for the Dover railway, and about two thirds of the expend
ture for the Brighton.
The revenue which calculated years ago when the orr
ginal schemes were popounded taken upon 200
TONS and the contemplated toll per ton shngs for
European and twenty shlngs for United States vessels the
whole producing about ESQ., year. which, after leaving
two cent for maintenance, and per cent for sinking
fund.- would yield return Of twelve per the capital
eSumdtoe, however,
conviction of their correctness All the materials which
they founded extremely vague much reliance
was placed the change OF route n and the proposed
difference in toll to American vessels would moreover never
be tolerated This difference was suggested the idea that
the average saving of time to United States vessels
would be two months, and to European vessels only one
month"; toll should be exacted in proporonae ratio; but
it would introduce entirely principle into the univer-
sal system of navigation Dues and public charges Of all kinds
and that would be found mpracticabe as it would be
unjust and absurd.
But since these statements made in 1885, the traffic
with South America has greatly increased and Australia and
Zealand have been growing in importance. STILL with
these changes capitalists would possibly have regarded the
experiment with hesitation At all events itwoud have been
Of anxiety It is, have already observed the dis
covey of the gold mines in California that has alone altered
the whole aspect of the affair." and rendered such will be
pursued with eagerness.
While the Panama railway will take the whole Of the pas
senges for the western ports of South America the Ncaa
qua route must command the entire traffic California the
moment it shall be rendered practicable, by mixture of
water and land conveyance On the completion of the canal
it will of course, in addition, monopolize all the shipping
trade between the two oceans but of its startling
results will be witnessed long before that period The distance
saved by the Nicaragua route in the journey California,
compared with the Panama. sufficient to prevent the posi-
by Of competition and apart from this the attractive fea-
lures Of the former such 10 give unquesionabe
superiority. Now, the emigration to California from the
United States has recently been 5000 1000 persons each
month"; at the rate Of 600 per annum and one pecu
liar feature Of that emigration consist the that
at whatever rate it may continue, will always be of shift
ing kndthat to say there will always be tide Of per-
sons both going and returning. Gold digging only be
carried for about five months of the twelve and during
the idle would be far economical return to
the States than to live at San Francisco The operation it.
self also which only disposed to pursue tenn
porary, that after little while each miner content to
return and to leave his place This has been
particularly exemplied during the past autumn-both the
influx aud eux Of passengers having been enomous and
that the ux not caused by persons who returning
in Disappointment has been abundany shown by the fact of
their temperance in the United States having led to the
slightest dminuton in the number Of those who were still
eager emgate. According the last accounts ships of
still larger and finer class than those hitherto employed
being placed upon the SERVICE and every ticket in the three
lines of steamers had been taken May June There
consequently ground calculate stream both
ways The certainty of this is indeed demonstrable At
present the average each miner least five dollars per
day; and supposing the supply Of gold to continue this
rate population must steadily flow in until the of wages
for similar days labor, after making allowance for the
pense of passage money, &C., shall have been equazed
throughout the world Each mail repeats the story that no
in the country doubts the supply be comparatively in
e1hausbe By the last advces Colonel Fremont moreover
had discovered between San Francisco and Money vein
in the mountains which yielded the extraordinary proportion
Of of gold to twenty three pounds Of rock Quick
silver and silver mines also waiting only for machinery
and labor Instead Of dmnuton of activity in this drec
tion every thing therefore indicates increase.
However much may be disposed dsrust the twelve
per cent estimate of those who in former years proposed the
execution Of the work, must, under these circumstances
admit that there be little fear Of its presen; results We
but must take into s natural increase from the
and If The