Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1856-01-28
Sow York correspendenee.


| Da,aqer of Nfcaraqua-Fact relatfre TO
Aiiiericans IN Central AEsezica-Ctuious Nesos.
paper Lac Sa1t, &c.
NEW York, Jan. %.
care we in danger of having war with Great
/ Britain % is the question of the day. The i'm
portance of control IN Central America is i'm
| pressing itself, most fercibly, upon thinking
minds. Being the highway between our Atlantic
and Pacific States it is an inevitable necessity -
The refusal of Great Britain to comply with the
obvious meaning Of the treaty by which she bound
herself to withdraw from the protectorate of the
$50 called) Mosquito Territory, obiges this gov
eminent to take stand in this matter, by which,
her dlgnityas first class power shall not be com.
promised. As the Central American uut stion is
likely to be discussed throughout the country,
have taken the trouble to collect some facts rela-
tive to it, which may interest the public.
Before the discovery of gold in California, this
region was, politically, of little importance to the
country; but, in commercial point of view its
value to the world at large could scarcely be over
rated. A ship canal through it would bring Eng
land several weeks nearer to her East Indian pos
sessions, and San Francisco-thousands of miles
nearer New York. As this would have been of
such universal benefit it was considered but fair
TO make 1t common property-hence the treaty.
For many years the Central American States have
been torn by factions, distracted in their internal
affairs by ambitious and inscriptions persons,
who obtained power only TO enable them to plum
Ger with greater impunity. They were, in fact,
reduced to the condition Of the eKilkenny Cats"
after the fight, when Colonies Walker and French
entered the territory with their gallant little band
OF followers. The efforts of these men in resto1-
ing peace will be best appreciated by considering
the amount of American interests in that coun-
try.
There is the Nicaragua Transit Company-cap.
ital $500, OO0-Commodore Vanderbilt, agent,
and VIM. H. Aspinwall, largest stockholder.-
Both OF these gentlemen are rated, in-this city,
as milionaires. The Company is the triumphant
rival OF the Panama Line, and are soon to carry
the mails which will give them an enormous rev
enue; and it is supposed that a recognition of the
present government of Nicaragua, by this coun-
try would increase their receipts an additional
half million per annum. ''Bank of Nicara-
qua has Just been established by an American
company from Californa--capital 800, 000.-
This is to'be the grand centre of exchange for
the California trade. Agents, in this city, C. K.
Garrison Il Company. A road is in process of
construction called the " Honduras Rail Road, -
which, when finished will convey the South Amer
lean and Central American commerce in goods
from the Pacific to the Atlantic coast. This com.
pany was organized by E. G. Squier, who has al
so published an interesting book upon Central
America. 1t is somewhat remarkable, that the
entire stock of this road was taken up in Europe.
In connection with this road is the 90 Honduras
Mining Company said to possess vast silver
mines on the Pacific side This is also presided
over by e. G. Squer, who has an office in this
city. The Honduras Mining and Trading Com
pany'' has capital stock of 100000, and con-
trolls over S5,000,000 property in gold silver, and
copper mines in Eastern Honduras. This Com
pany has a grant of 1000 square miles of land
j. ID. Whelpley K Co. are the agents in New York
of the latter association.
Besides all this, vast quantity of land has
been given to American citizens vino have made a
permanent settlement there, and will continue to
be given for some time to come. 1t is at present
impossible to estimate the value of American in
tereStS NicaTaOua iS IN iuet; 60
the administration in recognizing any government
that affords it protection. AT the present ratio of
increase, the American population will be, in
twelve months, 10000. The present population
of Nicaragua and Honduras is about 500 ,OOO-
chiefly Indians, who sufficiently civilized to
devote themselves almost exclusively to agrlcul-
tural pursuits
An interesting newspaper case came up in the
Supreme Court yesterday, before Judge Roose-
welt, concerning the proprietorship of the New
York Daily Tines, being the case of George jones
against Fletcher Harper, Jr. The action was
brought by Jones, one of the proprietors of the
Times, against Harper, another proprietor, to
ioree the performance of contract entered into
by said Harper, to dispose of his interest in the
paper. From the testimony, it appears that the
property and good will of the Times is represent
ed by one hundred shares of stock at one thou
sand dollars per share. Fletcher Harper was the
owner of thirty shares of this stock and the bust
ness manager of the paper. In July last he Of
iered to sell out his interest to Jones for 000
$4,000 down and the balance in twelve months,
Harper holding the stock as collateral security
| for the payment of the $4,000. Jones accepted
the offer, paid over the 900, and notes for the
balance, when young Harper said he must see his
| Pa about the matter. The senior Mr. Harper did
| not like the arrangement at all the young man
/ therefore refused to transfer the stock To Jones'
and offered to pay back whathe hai received from
him, which the latter declined, and SO it was
agreed to call IN the assistance of the law to set
| tie the matter. In the meantime. Messrs. JUnes
eIId harper 0otn retired from participation in the
! concern, and Mr. Wesley took the charge of the
business department till after the adjustment Of
| the difficulty.
The defence set up in this case, seems, to your
| correspondent who is no lawyer, not entirely un-
| like that in the well known kettle case The de-
| PENDANT, in that case, you will remember solemn
" averred-,lst, that the kettle was broken when
he borrowed it I'd, that it was whole when he re-
turned it; and Sd, that he never borrowed it. In
the suit under notice, the defendant admits that
he is the owner of the stock, but, AYERS that he
couldn't sell it without giving the association the
refusal of it, which he did not do. ID, that al
though apparently the owner of the stock he was
not so IN TACT, as it had been paid for by his faith
eT, and was held in the name Of the defendant to
allow him to participate in the control of the pa
eer, and that he, the defendant moreover had
actually transferred 20 Of the 30 shares to his
father before making the contract with Jones and
therefore had but one share in his possession at
the time he sold the 30 shares, twas this Young
man educated in Walls I? 81, he denies that
ne made any formal proposition for the sale of his
interest. and that the verbal proposition which he
did make was insincere and iocose denies that
ne accepted the money and notes for the purpose
for which they were given, &c. 4th, he sets up
general denial of all the plaintiffs allegations.
learn that the "Times Newspaper Associa-
tom paid its first dividend of Is per cent in july
last The concern is supposed to be in prosper
Gus condition, but whether it has paid any diyi-
dend since that, this deponent not knowing saith
not OBSERVER.
SOUND NANGATIoN.-Ne,oY York, Jan. 25.-.
The steamer from New Haven, Stonington,
Norwich and Fall Rive1 arrival hero 81 on