The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-05

Hui OF Tehuantepec. They all, without any he.
tanon or qualification, express their belief in The
Plscucsbilty Of the matter Capt PORTER thinks
.ns. Is better place than Chagres for steamers
sgree) are off the land"
q, your committee now feel justified in reporting
Una, INA. al tne dicultes which obsructed the forms-
ton and Organization of a Tehuantepec RairosI
Company IN New Orleans are removed and RI
now depends on the citizens OF Louisans alone IN
act, and this vast enterprise will speedily reach ss
valid grant of right of way across the Ish-
mus, privileges OF immense value, five millions a
acres Of ground OF unsurpassed fertility in a tropi-
cal climate remarkable for its salubrity, are Ar
your disposal. The enterprise Is established to bs
perfectly practicable.
In relation to its cost, we can give you as yet no
We have assumed six millions. Our reason for so
doing was, that we have supposed the length Of
the road would be about one hundred miles; and
that the cost per mile. including road bed wlde
$4,000. This estimate was based on letter
written by Colonel Albert, of the engineers, to the
Hon. I: Butler King, on the 4h of January, l849,
in relation to the Panama road, and in the absence
OF any adequate survey, II is, of course, entirely
conJectural yet we do not feel authorized to hope
that the cost OF the road would be reduced below
hive millions in any contingency.
Your committee, in conclusion, would remark
that they are entirely convinced that the ente rprse
is one that must be emiRently profitable to those
taking share in il; and this, in reference to it,
~
mere investment. OF the indirect returns, in its
influence on the growth and prosperity OF New
Orleans, your own intelligence will lead you to
form an estimate. Ii is picture we forbear to
present, lest il should be thought too highly CO
lOred. But il is not too much TO say that, in our
opinion the returns from the disposal of the lands
alone will pay the cost of the road Ii is 10 be
membered that the company will have for sale not
only the immense number of acres already men,
toned for agricultural purposes, but that il will
own the towns at each terminus, at which that
enormous commerce of the road will be centered.
Let each estimate for himself the price that will be
obtained for the lots in towns thus situated,
udiciously disposed Of and we feel satisfied that the
least sanguine will not consider our antcipations
as unwarrantabe.
The work presents another aspect peculiar to it.
SELF II will begin paying revenue from the very
before the noise of the steam engine can be heard
on the Isthnus. 1t will not be forgotten that the
shortening of the distance by this route will make
a difference great in the passage to California
that it will be the preferred line for travel and mail
carriage, soon as it shall be possible to use IT.
A temporary communication by mules, carriages
and boats, organized blythe company whilst the
railroad is in progress of CONSTRUCTION, could not,
therefore, fail to afford heavy profits, and the road
made, as 1t were, in part to build itself.
A subscription and organization OF the subscribers
are alone now required to set everything in motion.
1t is true that difficulty is presented for the me
ment by the state of legislation this subject:
but this is matter that can readily be remedied
by an amendment TO our corporation law. With
you lies the power TO procure the legislation for
that purpose, and your committee leave 1t 10 your
selves to determine whether that power shall b