The New York herald., 1850-04-25


eorars the treaty, stands upon the ssms footing
the United States We say she has nominslly sban-
aonsd her right rule the rsaty says nothing
stout IT, one way the other but the question 10,
whether Great Britain has actually given the pow
shc claimed in that territory the only answer
to which Is the inference drawn from the absence of
all susion to the subject This matter Is therefore
left for future adjustment and have no doubt It
win b~ceme sooner or later a bone Of contention be-
tween the two governments. This Is the political
view we take Of the treaty. Commercially the rights
and privileges OF the two nations clearly defined
The company contemplating the construction OF
the canal across the Isthmus Of Nicaragua have,
under the treaty. every guaranty desirable for
a speedy and successful completion Of that great
work. my amount Of capital stands ready to enter
at once into the investment, and movements will
at once be made to put the work into the hands OF
responsble contractors The right kind Of men have
this great enterprise in hand and whatever capital and
energy will accomplish will he forthcoming The Ba-
rings, through their agents here--Goodhue L Co-have
large ntereet in this work and through the Barngs
any amount Of British capital be obtained Corne
lius Vanderbilt Daniel Drew, Chas Morgan Geo Law
Howards and large number Of capitalists who operate
with these individuals interested In this great in
tsrnational communication. Don Thomas, Of Nicara-
qua har understand abandoned his interest In the
canal probably of the great price of shares
which learn ten thousand dollars each, requir
ing pretty heavy capital to be large stockhoder 1t
is not known what the aggregate cost Of this mmense
work will be; but that is Of very little conseq
there is no limit to the means Of the company. As
the canal Is completed and the Communication
between the two established line Of steamers
comprising the Empire City, Crescent City, Sarah
Sands New Orleans. and probably other boats which
will be. in the meantime constructed, with sufficient
capacity to meet the wants of the great travel and
traffic Of the route, will be put on While these things
have been progressing relative to the Nicaragua canal
the friends Of the Tehusntepec route have not been
idle company originating in New Orleans, has been
formed with sufficient capital to establish line Of
steamers between that city and the mouth Of the
Del Passo, from which point mule stage route will
be made for the conveyance Of passengers to
Tehuantepec, on the Pacific there to connect with =
separate line of steamers to run up and down the
coast with the line Of mail steamers already formed
between Panama and San Francisco. This will make
the third route between the Atlantic and the Pacnc
for the accommodation of the and have no
doubt each will obtain sufficient travel and traffic to
meet The views and expectations of those interested
Speculstions in certain railroad securities continue
with undated vigor. The from Europe although
unfavorSble in many points OF view for the advance
meht Of fancy transactions s construed by the stock
sreculator to suit his own purposes-is made a
to keep up the artificial state Of things here which his
tsetics bsve lately established. How long this will
continue can be better told after looking carefully in
to the movements already made to initiate the bubble
Every bank in Vail street has strained its discount
line TO the utmost tenon and where every sign preg
nant with important changes. we know not how
the clear blue sky may be and dark and dan
gerous clouds o'erspread the heavens In London In
the midst Of a vast abundance Of money, almost
,lxI.
what 1t is here will be by the annexed extract
from q late English paper
The share market has sustained further considers
bic fall this week Midland stock hse fallen per cent;
London and North Western stock per cent; Lanca-
thire and Yorkshire per cent Midland shares have
fallen AZ per share London and North Western Y
shares FL per share Lancashire aud Yorkshire ffths
Zoe per share and all light speculative stocks in which
business could be done. depressed In like manner
The shares which have been best supported since our
lsst report, are SOUTHEASTERN aud Dover.
Here Is the rcsult OF the conviction which has been
forced upon the public mind that the statements of
boards Of directors ofraroad companies relab
end II in any shown b. correct then the
property se has ceased to attract the attention Of
Of capital The views have frequently Expressed
during the past year upon the subject of railroad
curitcs, shown to be correct In every particular
by the disclosures making both sides Of the Atlantic
We fully believe In the benefits resulting from the
conrructon and extension Of railroads to the
and We hope that the money and will Be found
10 connect together with iron band every town in
the State and every State In the Union The General
Railroad law recently passed In the Lcgsure Of this
State, will doubt, facilitate the building thousands
Of miles Of road and by cheapening the means OF
transit ard sfording means for rapid communication
and economical intercourse advance the condition Of
the nsss and the general prosperity OF the country
Cities counties towns and villages may contribute to
the construction Of railroads. and thus impose the
burden upon the whole population. and ~ distribu-
tion the oeses Of depreciation will fall heavily upon no
one As II now IL. Designing men coneoet their rail-
road 'chemet for the purposes Of private puude aud
the means they resort to TO carry their plans sue
cessful termination really frightful to contem-
plate.
We have endesvorsd 20 awaken public attention to
evil which has fallen with rea, severity upon thou
sands Il poor men and shall continue. In the face
Of ten times the opposition we have yet encountered
TO expose the rotcnoss Of all Incorporated pani.
TO ,how the extent Of their and place
them In their true light. We fully confident that
the future viii nbundantly sustain in the position
sssumed We have never faltered in the course pcr.
su relative to the operation. Of railroad eompa
mics and have yet TO the nrst statement prov
ing that we have been wroag In our position We
have been led to make these remarks in consequence
Of the comments which from time to time pass under
our observation upon the subject Of the Erie Railroad
and the present price Of it's stock aud bonds The
position q tbcse curitics pointed at evil
dtree Of our want Of judgment or of knowledge 1t
cannct be denied that they have attained attitude
far beyond our calculations expectations: hut We
do not for moment admit that opinions srr uu-
sound that predictions viii be reslised TO
the letter but the contrary. every day convnces
us more and mere Of the truth and strength Of our
position and offers resh evidence Of the
ID course pursued. aud tho desperate measures re-
'ort,d TO 20 fost upon the market half dozen kinds
of securities and IL give them character they do not
n reality poecse
In order TO ciucidste our Views and position more
uly, have made up from the best data IN pos
ession. statement showins the financial operations
of the Eric Railroad Company for the year 1850. II
hese figures correct, what Justification can the .
management ind for the reports daily circulated I
throughout the country, giving extravagsnt state /
nents Of the present productveness OF the work. II