The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-10
The Nicaragua Negotiations.

We give in our columns, to-day, very impor-
tant letter received from special correspondent
at Washington, disclosing some new steps, and
describing the present position, Of the important
negotiation which has been going on for some
inc past, between the United States and Great
Britain, relative TO the opening OF the famous
nal through the State of Nicaragua, and thereby
connecting the two great oceans of the world.
This intelligence, we have the best reason for
believing, comes from most accurate and au-
thentic source In fact, is reliable In lis gene
ral features, and many OF Its details, If il were
authenticated by the Secretary of State himself.
Ii is important at this tune, TO the whole CONNER
cal interests Of tins country, and indeed, we may
say, TO those of the civilized world, to know ac-
curaely the progress of this negotiation, and the
time when It will be probably closed, thereby
opening the way for the ultimate and important
steps which are TO be taken in the construction of
the canal
If these accounts are as correct as we believe
they are, the prospect is vast and mighty to
the commercial world Of Europe and America
The clustering and laundering" of the two 60
veInments, as our correspondent terms their con-
duet in this matter, will only become fit subjects
Of ssIcasm and dry wat, particularly when re-
feet for moment on the interests that will be
benefited, and the great impulse which will be
gwen TO commerce and civilization, by the con-
suuction and opening Of such a canal. Ii appears,
also, that as the negotiations shall have
been terminated by the reputation IN part by
both governments of the ultra movements OF their
respective agents in Central America, there will
be very important movement made among Lon
don capitalists and probably among those In Wall
street too, FIR raising the fifteen or twenty mil
ions that may be necessary TO construct the canal
We are glad TO learn that the British Minister
under the authority Of the British government, and
probably with the concurrence of British CAPT.
taliss ready raise twoihITds or three fourths
Of the whole amount.
Another important feature IN the prospective
settlement of this business, the permission to
Russia, or any other government, 10 come in and
occupy the same position as a protective power
over the destiny and future history of the canal
In question, as the United States and England
will hold. Such a settlement Of this knotty con-
Ioyersy, while it leads the mind to contemplate
the wat benefits which 1t will confer on commerce
and civilization, also suggests to the politician
various novel and eccentric views to the future
influence which these events may exercise over
this continent. This is no time, however, to draw
the mind from the more immediate results In a
commercial point Of view.
The probable and peaceful settlement Of this
subject is so far matured as to induce the company
now organized under charter from the Nicaragua
government, te start as soon aspracucable (Which
we understand, will be in two or three months), a
new line Of RAPID steamships on both sides of the
Isthmus, connecting between Nicaragua lake and
the Pacific shsre by land carriage OF abou, fifteen
miles. From The accounts which we received by the
Ohio steamship, which vessel arrived here the day
before yesterday from New Orleans, we are put in
possession Of some Of the details Of that matter,
and are assured that, notwithstanding the return
of MIR. Cornelius Vanderbilt and Mr. Morgan, the
remaining peIsons OF the party charged with the
business have proceeded TO Nicaragua, for the
purpose OF opening the line in question, by pur-
chasing mules for the land carriage, and PERFORM
ing other business OF equal Importance. Early in the
spring, therefore, we may three different lines
Of ttedmships established between New York and
San Frsnesco-two by the way Of the Isthmus OF
Pansma, and the one 10 which we refer, via Nicara-
qua lake. THE important enterprise has lately pro-
duoed some sensation ON the public mind; and when
the rapidiiy with which il is undertaken and will
be completed, is told IN Europe, II viii produce an
equal sensation among the business men and com.
mtrcisl spirits On the other SIDE Of the Atlantic