The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-20
81, 093 O5 s2,72s SO Inc.sl3, 8.

The Knickerbocker Life Insurance Company has
declared dividend of seven per cent.
The Hannibal and ST. Joseph line of road pro-
ected across the State of Missouri, from the Missis
sippi River at Hannibal, where it viii connect with
the great network of Illinois roads to the Missouri at
st. Joseph, has been taken hold of by party of
Boston capitalists, consisting Of r. B. Forbes John
NJ. Forbes John 4. Thayer, II. II. Hunnewell and
Thomas B. Curtis. The work has government
grant Of 600 900 acres selected lands and stock
subscription of 81 500 900. The local and other in
dvidual subscriptions to the stock are stated at
81 500 900. Length of the road 200 miles. Estimated
cost not to exceed 1000 ,000 The loans of the
concern about half the COST will be based upon
its lands, which, at So the acre, would reimburse
the bonds or ct S. acre leave 81 800 900 surplus,
or at SO an acre, leave surplus OF 81, 100000
The following letter from Henry l.. Stevenson,
Esq, Of Philadelphia, relative to the New Granada
Canal and Steam Navigation Company, is interest
ing and important at this moment. 1t will be seen
that he anticipates the most satisfactory results as
the enterprise progresses. 1t must be particularly
gratifying to those gentlemen who have devoted
their energies to this great work. to find that those
best acquainted by observation and association, are
among the first to predict its entire success. The
first steamship Of the line LIT this port for Cartha
gena few weeks SINCE and the announcement of
shall watch the Development Of this enterprise with
the fullest confidence in its ultimate prosperity and
peimanency:-
MERCHANTS AND MECHANICS MUTUAL INSURANCE Co.,
PHILADELPHIA September Il, 1855.
p. ]. AVERY Esq, v. r. N. G. c. Il 5. N. Co-Dear
pamphlet Of The 'sNcw Granada Canal and Steam Navi
CATION Company" which you were kind enough TO give
% me, and you must permit me to congratulate your
company its possession Of this majestic enterprise
Ny attention first called to the fact of the exist
Of this canal early in 1851 during my residence At
san Juan dc Nicaragua" by friend then and still
siding at Carhagena and the great Importance Of its
beng repaired and reopened for then just at the
dawnng of The California trade was at once suggested TO
but my occupation such at that time that could
give il attention. II was part OF my ohcai duties
during my residence at San Juan de Nicaragua as the
representative OF the government of the United states to
gather information concerning every thing Of this Sort
and the ''Magdalena canal was the subject OF many
interesting conversations, speculative ana otherwise,
with the British naval officers with whom ! was
daily assocating and think in 1852 made brief re-
port oft its condition &c to the Department OF state
at Washington Every intelligent gentleman acquainted
with the coast OF The spanish MAN, knows that the main
obstacle in the way Of the deveopement of the immense
native of the countries bordering the con- Is the
absence safe haibors the outlets of heir great rivers
and the Magdaiena hardly second TO the Missis-
spp is about being reunited with the excellent harbor
Of Carhagena by OF canal and IN the hands
Of Americans opening to the daylight If commerce
which carries with it christianity and civilization, those
great blessings which always the Accomplishments Of
American enterprisethat vast and fertile valley,
wealthy In agricultural and mineral capabilities and
tanning numerous a iaborng population This noble
river almost useless If II had been hut creek for
want gateway to the ocean, Is to be made avail
able FOR peaceful and prosperous commerce The pros
pecve magnitude of the results Of your enterprise
hardly be over-estimated. If properly conducted it will
undoubtedly work entire change in every condition OF
The state OF New Granada and do despir myself Of
being eyewitness oil the benecen' effects of the
opening Of this great maritime highway under American
superyision and besides uner the management OF dis
Greet agents abroad seconded by experienced officers at
home II ought TO begin to yield profit to your share
holders very Very truly yours,
HENRY l.. STEVENSON.