The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-14

sum requested and continue its existence.
CURIOUS NEWS FROM NIcARAGuA-WALL
STREET IN FERNENT-Another and most
interesting phase of Nicaragua affairs has just
come to light; and Wall street has, in con-
sequence, been thrown into state of great
excitement. Five thousand shares Of Transit
stock were sold yesterday, in few hours, at
decline Of two to four cents! 1t was but q few
days ago that the agent of the Transit Compa-
ny in this city proudly and deiiantly asserted
that it derived its corporate powers from
the government Of Nicaragua. Such was the
fact but now it seems by the news received by
the Prometheus at New Orleans that the Walk
er administration has seized the river boats
of the company, and given new charter to
some other party. What's in the wind?
1t has been obvious for two or three years
past that the Transit Company has exercised
something like absolute power In Nicaragua
1t aided the establishment there Of General
Notwithstanding to make use of him "a an
instrument to control the political government
of the State. Such were its open avowals, and
it's corporate powers thus enlarged ad iatn;t,na,
ton Of another East India Company. Indeed,
with the exclusive right of transit across the
country, and the exercise of the functions
of political government, there was much
reason to believe that great and powerful
company could be formed which, in time, would
govern all Central America, and eclipse the
great commercial companies of Europe.
Well, what is the foundation of all this, and
why is it so? The fact is, the Nicaragua Tran
sit Company got charter from the Nicara-
guam government agreeing to pay certain
sums to the State for the extraordinary fran
chises conferred The State was weak. 1t had
no money, no credit, and there was little in it
to be called government. The company
was therefore entirely safe to refuse to pay
the sums agreed upon in its act of incor-
poration. This exemption soon grew into
right. MeaHwhile General Walker made his
appearance and was hailed by the company,
and by its aid placed in power.
1t is now rumored in Wall street. based in
part on the news received yesterday, and gene
rally credited, that new concern, formed OF
leading men in this city and San Francisco,
public by the establishment Of another through
line to San Francisco, via Nicaragua. If such
line is started it will benefit the travelling
community for little while by low fares, and
ruin those engaged in the enterprise; but there
is nothing like competition in q new country,
and manifest destiny" must work itself out.
The Transit Company has been remarkable
concern even in this country kind of special,
elfconstituted institution, with all the powers
necessary for commercial success. 1t had ex
Eeercised absolute dominion in Nicaragua, which
Xromised to regenerate Central America, aud
was not disposed to be very closely guarded
in the United States. Itinduced our admins
tration to lombard Greytown; upset Col Kin
ney in his Central American expedition; laid
the foundation of . stupendous commercial
company and has thrown Wall street into pc
riodical eXcitements and commissions.
1t may be refreshing to have sensation in
Wall street, but what does it all meal? We
want light.
WHAT IS THE MATTER WITH MAINE The
Lumber State seems inclined to 60 back ON
Mr.. Pierce. The democrats Of the Fourth Con-
gressional district had convention the other
day, and adopted the following very queer re-
solution
Resolved That the aiInnistv alton of President Pier
has been, in the mdiR emnently democratic and natio
al; and that cannot, demo: rats, refuse to it
sanction without violating the well tiled principles
the party and compromising the best interests Of
country.
One OF the delegates elected to Cincinna 4
on this platform was General +. 7. Lally,
who was Major in General Pierce's brigade,
and saw all that gallant hero's achievements
on the bloody fields Of Mexico. Returning to
Maine, General Lally was an active member
Of the Pillow, Gushing and Woodbury. clique
that laid the pipe for Mr.. Pierce in 1852, and
was delegate in Baltimore. His election to
the Cincinnati Convention under the above
resolution, which is curious specimen of the
art of damning with faint praise, would seem
to show that Mr.. Pierce's fastest friends are
dropping him. What is the matter with
Maine?
GOVERNOR Hunt HAS NOTHING TO SAY.-N
clip the following paragraph from the top Of
q long prosy article in the Commercial advertiser
on what the old wings propose to do
Having observed in several of exchanges rumor
that Governor Hunt about to de liver address
the Presidential question: have deemed advisable to
make inquiry IN the proper quarter in regard to the
ing that Governor HINT does belong to either
the three political organizations whi:h have DECLARED
their purpose to present candidates. 1t Is not his nen
ton take active conspicuous part in the Presi
Dental Canvass He feels interest in the question,
beyond the honest desire which every good citizen ought
ee that the branch OF the may
be committed to the gudonce of sound conservative
sttesman who win contribute by wise and just
ton aay strife and restore aterr
both sections of the Union. He is sti old line =
and adheres the views which he has sustained TOR
many years. and especially to the opinions Of national
duty and policy which he avowed last year.
Governor Hunt, it thus appears, being an old
whig outsider, has nothing to say In the
same connection, we are happy to learn that
after the Presidential election of 1856, steps
| mill x,rnbablu no fakan "a rnorna niuo Tho old