New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-12-10

The Herald proposes to substitute IN place OF !he
flbustering operations now carried on in Nicara-
qua under the auspices of Walker, grand combi-
nation of all those who regard that country as ia
yorabIe field into single company, on the model
Of the English East India Company, which may
combine in harmonious operation the elements
which at present are somewhat at cross purposes,
aud chiefly engaged in thwarting each other.
If the trade Of Central America is Of Importance
enough to justify require any larger investment
Of capital than numerous individual merchants Of
this city are abundantly able to command, such a
Company might be well enough, though it is TO be
observed that for the ordinary operations of COM
MERGE such companies have entirely gone out Of
fashion. IT. however, it is the military and con-
queriDg career Of the East India Company which 1t
il proposed to initiate in that case it is much TO be
feared that the conquest of Central America is q
speculation which will not pay any better in the
hands of Company than it does in the hands of
Walker and the individual operators at present en-
gagged in it, and SEINE Of whom have already burnt
their fingers pretty severely. From the moment
the English East India Company undertook to add
to its business of buying and selling cslcoes, mus
Inns, silks and teas, that Of sovereignty and con.
quest from that moment it fell into condition Of
chronic bankruptcy which compelled it to make
frequent appeals to Parliament for aid. That aid
was only granted on conditions which converted
the Company from private trading corporation
into department Of the British Government for
the conquest and government Of India.
But what is there in Central Americs to make
that country desirable object Of conquest or oc.
cupation, either on the part of our Government or
Of private spectators! Central America has no
wealth to plumber. 1t is absurd to expect to have
nabobs coming back, after a residence there Of a
few year,, loaded with gold. Central America has
no withdrawing in the world bu. wild lands. We
have wild lands enough for the present. without
going beyond our own limits to seek addition to
our stock. We have projects enough on hand for
all sorts of rairo ads mining operations and other
like improvements at home, not to pu. u, under
any necessity Of rsking our capital on Central
American projects. There is not State or Terri
tory in this Union, old or new, which does no. at
this moment hold out far more promising oppOrtu-
mites for the investment Of capital in way
likely 10 produce profitable returns, than any
part Of Central America; while as to getting wealth
from that country, it only be go. in the way Of
returns for capital invested, since at present it does
not exist there.
The disappearance Of the two millions of dollars
invested in the Transit Company ought to be eau
ton to those who have money to invest how they
venture it upon any Nicaragua enterprise. Some
Of our railroads and other stock companies are bad
enough, but it would be difficult to light upon one
which does not promise better returns than ans
Central American scheme.