The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-11-27

THE MosQUITo SPECULATIoN.-AccO
have been lately published in the newspapers
of an important enterprise for the colonial
ton of that portion of Central America
lying along the Caribbean sea, commonly
called the Mosquito Coast. The Washing
ton correspondent OF the Philadelphia North
American states that the scheme has been
under consideration by the directors of the
Central American Land and Mining Compa-
ny, for about year, and is now upon the
point of accomplishment. He gives the
following brief history of the undertaking:
In 1899 the Mosquito King, as the Chief of the
Mosquito Indians Is called. granted to the two
Messrs. SHEPPARD OF San Juan and TO Stanislaus
F Haley who is son-in-law to one of the former
gentlemen, tract of country along the coast, ex.
tending from latitude nine degrees north to about
fifteen degrees south, and a sufficient breadth to
make the area of the territory thus ceded nearly
80 100000 of acres. In 1853 one half of this great
tract was sold to gentleman of Virginia, with the
understanding that he was to organize company
of American capitalists to promote the colonization
OF the country and the working of it's Mines which
during the period of Spanish supremacy, were
among the most valuable and productive OF this
continent. This gentleman assigned a large por-
ton of his interest to an association of persons
York, which association subsequently took the form
and style of the Central American Land and Mi.
ming Company. The number of shares is 200 600
each of which represents $50 of the land in.
cluded in the grant The late lamented and dis
tinguished lawyer, Edward Sanford, who was lost
In the Arctic, was counsel of the company, and
after thorough investigation of the subject gave
opinion in favor of the perfect validity of the
title.
10 September last, meeting of the company was
held, at which it resolved to tender to Senator
Shields, of Iilineis, the appointment of agent OF
the company in the Mosquito country. He held the
offer under advisement during the tendency of the
election which was to determine the question of hs
return to the Senate and has not yet given deci-
sion. In the meantime, portion of the stCckhold
| ers met in New York. and determined with the
| concurrence OF the others, that more prompt &C.
| ton must be taken than had been previously pro
| posed Accordingly, an offer was made TO Colonel
| VIM. l. Kinney, the celebrated Texas Ranger who
happened to be then in New York on his way to the
| Crimea, with design of observing and pertains
taking part the struggle there going on tppro.
| coed to San Juan, and take such measures as his
judgment and experience approved, to attract col.
onlsts, and render productive and available the
property OF the company. Col. Kinney accepted
the terms offered him. and will probably sail in the
course of the ensuing month
II Is expected that the Mosquito chief will demand
further consideration as an nducement TO con-
firm the grant of his father, and the company is
prepared to make it. He is like most Indian mon.
archs-poor; and two years ago he was obliged to
petition the Messrs. Shepherd & Haley to be allow
ed to open credit at their general furnishing es.
Enlistment in GreytOwn for checked shirts calico
pantaloons, and raw whiskey, to the amount If
twenty two dollars and half, which thew granted
Inc company will cheerfully assign the chief rea
sonable annuity.