The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-14

| New ROUTE Across THE IsTHNs.-We gave
| in yesterdays issue the text of u contract re-
| Gently executed between the Republic of Costa
| Rica Of the one part and William p. Kirkland
and his associates Of the other, granting to the
latter transit route across the Isthmus through
the dominions OF Costa RIGA. The terms Of the
contract are very favorable to the grantees the
government of Costa RIGA being obviously i'm
pressed with the necessity of encouraging traffic
throughout its territory. We have yet to see
how the new route will answer when it is fairly
set agoiDg. The two routes via Panama aud
Nicaragua are both doing an excellent business !;
and when the Panama Railroad is built, there
cannot be doubt but that the profits of that
line will be enormous. From the statements
recently published by the company, the Mica
ragua Company seem to be equally fortunate.
The dividend has given them better position
than they have occupied for some time past :
though the general state of the money market
prevents their stock from reaching the point
where it stood some months since. Ramor at
of the Nicaragua route, Commodore Vanderbilt,
and il is already spoken of in Central America
as q ioI midable rival to that line. Some time
must elapse before it can become a serious COM
pettor to route SO well known and so firmly
established as the Nicaragua Transit.
Even should it progress as rapidly as its
friends expect, it is by no means probable that
to its predecessors. The intercourse between
the two oceans is daily assuming more ex-
tensive proportions The checks which have
diminished the Californian and Australian
trade fer time will enure to its ultimate
benefit, by restraining undue speculation and
giving more permanent character to the
commercial interests Of those countries. Our
intercourse with China and japan will like
wise increase q few years hence il is by no
means unlikely that traffic may spring out Of
the opening Of the latter empire which alone
will give employ ment to a transit route. Nor
can it be doubted that the first news OF the
restoration Of peace to China would impart
UnIted States and the Celestial Empire, and
thus necessarily swell the business of the inter-
oceanic routes Much is said about the adyan-
tages which route passing wholly through
our own territory would possess over foreign
lines. But it must be recollected that the diff.
ference Of distance is barely thousand miles
and that the one would be a railroad from end
TO end, while the other would be more accepta-
bic to travellers as steamboat line. This diff
ference would seem material to most men,
txnr TUE Nrxv Hx IEf,
LATuRE on THE Liquor QuEsTIoN.-It appears
that, after all, the House of Representatives has
q decided majority against drugged liquor.
They took up the prohibitive liquor BILL the
other day, from the table, and passed it by
vote of l55 to LOG. At the same time we are
informed that it will not go through the Senate
the administration party being all powerful ia
tina, body. But should they pass the bill, it
will amount to nothing, because it will be in-
tercepted by the veto of Governor Baker.
Having just vetoed bill giving to the authori-
ties Of Concord power over the liquor qdes-
ton, which the Governor believes the Legisla-
ture does not itself possess 1t is not very likely
he would sign an act for the suspension of the
grog throughout the length and breadth of the
state. GOvernOI BAKER nOius SUBSTANTIALLY Tue
came ground with Governor Seymour on tue
liquor question and the position of the two
suggests the same question in regard to both.
Will the administration democracy of New
York run Governor Seymour again, or win the
rartyof New Hampshire repeat the experiment
uron Governor Baker? 1t is about time thai
we should know whether the administration
party in both States intend to take the field
against drugged liquor or the Maine Law
Tm WATERING PLAcEs.-Newpcrt, r. l., Is fast filing
with visiters. Amongst the additional attractions that
win be found there this season, may mention
res Of concerts to be given by Madame Bcuches and
Madame Wallace. Both Of these ladies intend taking Up
their residence permanently at Newport duriSg .as
months and will continue their professional lessons
The Ocean House Is Of the most popular hotels In
Newport this II is undtr 10" rro1agcment
Of Meesrs. Weaver Holman late OF tie n.ted States
Hotel and winthrop House. Boston. The lie Grcct Man
sion House. Keyrort, N j., the New YORK. By Hotel,
Jersey City, and Iendersons Orange IAsc Iioase,