New-York daily tribune., 1856-03-15
r,.,.e Al San Juan del Sur, and Realeje on the
p.s;se. Ihaye much more 10 say, but no time.
lOfsciaL o...,
pECRRR oP GOVERNMENT AGAINST AcCh'''"i
TRANSIT COMPANY. -,

e.ubor fsso GRANTED 20 the American Al
lsnto and Pacific Ship Canal Company ceiiaa o,s
and privileges which said Iighs ana be iItS dsv Of
XpTil 1880: and whereas, in consideration OF sau
nit, and pnyileges said company agreed TO con-
sTu ship across me seIory oi ere mors
f.ss,be bojpt on the Atlantic, TO the port OF Rea)o
Gulf Of Fonsecs, TemaIiHda, San Juan Gel sur OF
INV popt on the Pacific Ocean which the engineers OF
fbe company might decide upon or IN ease tha tue
corstnction and completion Of said canal or any part
Of K should become impossible by any unforeseen
vsnt or ipsurrnountabe obstacle Of nature, TO con-
struct q railroad or rail and carnage road and water
communication between the two oceans; ana -
Wh,yeas The said American Atlantic and Paeinc
Ship Canal Company, have not constructed the salu
canal nor commenced the same, but, on the contrary,
have abandoned the undertaking, and declared II
impract cable; and have also failed 10 CONSTRUCT a
railroad rail and carriage road, as they sgreea 4"
do; and MA
sA;n Cana. Comnanv was bound by the terms OF
said charter 10 pay The Republic OF Nicaragua zen
Thousand dollars annually, aud ten per cent On ne
nepohts Of any T0ee 'Us snrUg Se term allotted for
ibe completion Of the canal and in fHtherance there
Of; & and -. aid American Atlantic and Pacific
Shin Canal COMPANY have failed to pay annually said
tsntbousand dolars together with the ten per cent
NET profts falsely and frauduently alleging that no
profits were made and no commission due; and
ItHeye0s, by the said charter IT was stipulated tnat
for the purpose Of settling all matters in dispute bs-
tween the State and the company, commissioners
should be appointed by the State on the one part and
the company on the Other and
IVheyeos on the 10Th day Of November, 1855, the
Republic of Nicaragua notified the said company to
apioiut commissioners under the charter and the said
conn any expressly refused the same and
Whereos by the decree Of the 9Th day OF March,
1880 the sad company made body polite and
corporate with perpetual succession, by the name rnd
description Of "The American Atlantic and Pacific
Whereas, On the 9Th dsy of August, 1851, the Re-
public Of Nicaragua, with the sole OBJECT OF iaGnts-
inc the maritime canal ard in accordance with the de-
s;rea expressed by the Company Of said canal TO di-
vide and separate from the contract OF the 23d Septen-
ber le49 the part therein relating to the navigation
by steam Of the waters Of Nicaragua, did constitute
new Company designated by the name of " Accesso-
~ Transit Company" and consisting OF the same per-
sons composing the American Atlantic and Pacific
Ship Canal Company, and subject to the same o5hga-
tionf Now, therefore, the Supreme PROVISIONAL CON-
mandant Of Nicaragua, in virtue Of its faculties,
DEGREES.
/. The grant TO the American Atlantic and Pacific
Ship Canal Company, Of date 22d September, ls49 and
the modification thereof made ltb April 1850, and all
the privileges therein contained revoked and an
Duled. The acts of incorporation of date 9th day OF
March, 1885, and Of the Accessory Transit Company OF
date 18th day Of August, 1851, are annued; and the
fajd American Atlantic and Pacific Ship Canal Com
psny and Accessory Transit Company, are dissolved
and abolished except for the purposes hereinafter men
toned.
2. Sr. Don Cleto Mayorge, Sr. Don Edward J.
Kewen and Sr. Don George 7. Alden (aDy two of
whom may act are hereby DOdiu
missioners, with full power 70 examine, hquidate and
ascertain the amount due by the American Atlantic and
Poetic Ship Canal Company aud Accessory Transit
Company to the State with full powers to send forper-
sons papers and TO enforce respect and obedience
TO all their orders and DEGREES.
g. The raid Board shall proceed at once to discharge
their duties and for this purpose shall notify the agents
If the companies residing in Nicaragua to appear be-
fore them forthwith 10 give all evidence that may be
required Of them, and with the privilege to defend the
inter- ats Of their principals.
T. The said companies shall be considered as still in
existence, for the purpose Of conducting this examna-
tion and for the purpose of being held collectively
sponsbe for such sum may be ascertaned to be due
70 the State, but for no other.
8. For the purpose of securing the payment of such
amount the said Board find due they are hereby COM
manded to all the property of said company to
be seized forthwith, and held by responsible persons,
subject to the order of said Board.
6. That the transit passengers across the tsthmus
may suffer 10 interruption, the Board are authorized
to deliver TO such responsible person as may make ap-
pcatOn all of said property so seized, upon their ex-
ecutng bond in a sum one fourth greater than its
appraised yeUe and with the condition that the same
shall be forhco ming when called for by the said Board
and that the uuderakers in the bond shall continue to
trsp,port the passengers who may arrive the side
cf the Pacific and Atlantic Oceans, and the expenses
Of transporting said passengers shall be Charged against
the sad companies.
T. Before allowing the said property to be bonded
the Board shall the TO be fairly appraised
by three competent persons appointed for the purpose
9. The Board shall proceed summary and with dis
patch; and on determining the amount due from the
companies to the State, shall report their proceedings
immediately " the Government.
o. The corporation Of Board Of Commissioners, as
well as Of the appraisers by them appointed will be
hereafter determined.
10. Let this be communicated to the proper author
ites.
Given at Granada, this eth day of February, 1856.
lSignedl PATRIoIo RIyAs.
FL Nearaguense (walkers organ), of the 23d Feb
ruary, makes the following comments upon the pro-
mitigation Of this decree:
THE ACCESSORY TRANSIT CoMPANY-wALKER's
REASONS FOR CoSFIscATING THEIR PROP
Trom III Eiearasue.s Feb II
In another column publish a decree Of the Gov
erpment of this republic annulng the contract with
the Nicaragua Steamship Line, or more properly the
Accessory Transit Company. The decree appoints
three COMMISSIONER Don Clete Mayorga, Don Edward
j. c. Kewen and Don George F. Alden az Board Of
Commissioners TO wind up the affairs Of the old Com
peny and TO contract with other parties for the instant
commencement of line Of steamers 10 the Atlantic
States and California. We are informed that no sus
pension Of the regular communication will take place.
but that and better line will commence at
In order 10 facilitate the new arrangement, and 10
secure the Government against loss from the Transit
Company, the Commissioners have full authority 10
seize al the property and steamers belonging to the
Accessory Transit Company now in, or that may come
within, the jurisdiction of the State and it will be
turned over 10 the agents of the new line on their
giving bonds for the safety Of the property and the
continuance Of the communication. The steamers at
San Juan del Norte and San Juan del Sur, together
with those the Lake and the property of all kinds
both at and between all these points, viii be seized
immediately and held TO satisfy the claims Of this
Government against the aforesaid company. The de-
cree bas been discharged as thunderbot from clear
sky and we are very certain its execution will be as
prompt as human energy will allow. The Accessory
Transit Company is thing of yesterday, for to-day
its property is in the hands Of Government.
AS the decree sets FORTH the Government of Eicara