The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-05-28
TEHUANrEPEc RAILROAD COMPANY.

TEHUANTEPEC RAILROAD COMPANY
To THE STooxHoLDxRs.-The permanent Te-
huantepec committee, acting under your appoint
ment, deem it their duty TO address you on the sub
ject of the news received from Mexico, by the
schooner Bonita, and which is naturally calculated
to excite apprehension in a community feeling 90
deep interest as you do in this great enterprise
Itappcars that resolution has passed the Mexi-
can Senate to annul o decree of 9th November,
lS46, by which an additional term Of two yeara
was allowed to the grantee for commencing his
work. This resolution of the Senate is seized upon
by the enemies of the work. and represented as &C.
tually annullins the grant. This is not so. The
original grant remains untouched and the question
whether the acting President of the Mexican re-
public, in 1876, had the power to grant further
delay for commencing the work, is one for Judicial
and not for Legislative action Be this as it may,
it is sufficient to observe, that long subsequent
to the year 1916 the validity and binding efficacy
of the grant, and the DEGREES under which we are
acting, have been ttcice officially and publicly rc-
cognised by the Mexican government, under the
most solemn sanctions that can accompany the ac-
ton OF a civilized nation. Two successive admin
istrations. under two regularly elected Presidents
OF the Mexican republic, have formally acknow-
lodged 10 our own Government that the grant ia in
actual force and effect; and the survey nearly
concluded on the Isthmus was only undertaken
after special permission and passports had been
obtained from the Mexican President authorizing
our company to act, and ordering the officers on
the Isthmus to give aid, hospitality and protection
to Major Barnard and his party. There are other
important considerations to which we cannot now
advert; but we will merely state that the treaty
concluded with Mexico, and ratified by the Senate
ofthc United States. has yet reached Mexico, and
that the intelligence received by us, and which we
arc not at this moment permitted to make public, is
such to leave doubt that this treaty soiH bs
ratified.
1t is not to be disguised that there local and
sectional interests in Mexico strongly adverse to
the treaty; that there ports whose citizens feel
alarmed lest their commerce should be diverted to
the city that will spring up in day on the Isth-
mus soon es the treaty shall be ratified. But VIC
feel unshaken confidence that all efforts that may
be made by these parties will DO powcrlcss in in.
ducing any action in tho government of Mexico
that would leave it open to the just rcproach Of
breach Of public faith Il was with firm reliance
on that public faith that the citizens of New Or
leans advanced largo sum of money towards car.
| rying out the enterprise; in the same spirit some
ten twelve Of the most ardent supporters of this
work have advanced and expended nearly foul
| times the amount OF the public subscriptions
These expenditures are still continued; and THU
fact alone will evince to you that Information
is such to leave apprehension of the result
In conclusion, We would state that our inteli
gence from Major Barnard is Of a nature to exceed
our most sanguinc anticipations. II will be laid
before you as coon as his report shall have been d
gestcd by himself into one complete work. 1
would be unjust towards that distinguished officer
whose services can only be appreciated by thos,
aware of tho difficulties of his task, to anticipate
by partial statements what he will feel just pride
in presenting a whole over his own signature.
PETER CONREY, IN, Chairman.
i