The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-17
The Fsrment Ira Wals Strect-Hicaragua and
the NIcarsgua Transit OempsnY.

pretty women.
Tho Fsrment im Wait strect-Sicaragu a and
the Nicaragua Transit Company.
Wall street, taken by surprise at the resent
news from Nicaragua, is full Of rumors concern
ing the actual state Of things there in reference
to the affairs Of the Transit Company. 1t is evil
cent enough that the government de taoto has
undertaken to abrogate and aunul the act in
cooperating the Transit concern. 1t is equally
clear that new company has been incorpo-
rated, with exclusive rights Of conveyance from
ocean 10 ocean. 1t seems also certain that the
parties to the Accessory Company are not
parties to the new movement
We have already published the decree of the
Autocrat of all Nicaragua "wiping out' the
Transit Company; we now give the retaliatory
non-intercourse decree Of the Autocrat of all
Wall street, stopping for the present all steam
communication with the rebels in Central
America Here it is:-
The Nicaragua line ia withdrawn for the present. in
consequence OF the difficulties In That country growing
out of the extraordinary conduct Of General Walker ia
selling or taking BY force ,he property OF American
citizens
l deem it duty ! owe to the public to the country
and to the Transit Company to quiet by letting
the ships OF the company lay at their wharye, until
government has sufficient time to examine and look into
the outrage committed upon their property Ia the
Time do not consider passengers the property Of
American citizens safe the transit Of the sthmus
cannot be Instrumental in inducing either to take the
passage. Z. VANDERBILT.
MARCH II, 1866.
Now, it is exceedingly Important that the
motive which has moved the Walker govern.
ment to the extraordinary proceedings we have
chronicled should be understood. They mean,
certainly, no friendship to the old concern; and
they indicate special friendship to the new.
1t is rumored in the street, and to great
extent credited, that General Walker has re-
ceived from California material aid I; and
that, in accordance with arrangements made
with the parties advancing means, he has
transferred to them precisely the corporate
franchises which had been previously granted
to the Transit Company. Whether his pro-
ceedings are legal or illegal, whether they in
volve great wrong or not to the old corpo-
ration, cannot be fully determined without
possessing more knowledge Of the circum-
stances than we are in possession Of 1t is al
legged that the Transit Company has failed to
comply with it's obligations to the State to
that the forfeiture has been worked by reason
thereof. 1t is asserted in the street that the
agents Of the Walker government labored with
Mr.. Vanderbilt very recently to obtain from
lin, on behalf Of the company, q very small
six months credit to the government, and
without success. The pretension now set up,
that the company could not safely discharge
Its corporate obligations because of the revo-
lutionary character Of the government, is not
fully justified by the declaration of its agents
in this city few weeks ago, that they looked
wholly to that revolutionary government for
existence and for powers of action, and to
no other.
The Wall street reporters 60 back little,
and Affirm that the companys delinquencies
did not commence with the accession of Pa.
tricio Rivas to power, and that the company
has treated the existing government no worse
than they treated the old one.
As early as the 18th Of November last the
supreme government Of Nicaragua issued
decree authorizing the agents OF the State to
pledge its credit to those who might negotiate
its bonds. In pursuance of this decree Senior
Don Eduardo J. c. Kewen was appointed
special agent in San Francisco, to issue boz \
for the purpose OF obtaining means to relieve
the financial necessities Of the republic The
following is copy of one of the bonds