New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-11-29
THE NICARAGUA LOAN.


Some days since we alluded to the loan, amounting
to 100000, authorized by the Government of Mica
rsea to be stipulated for and carried into execution
in this city under the direction of Nessrs NJ Pitcher
and S F. Slater duly constituted agents, and prom
sed to take up the matter again. We now proceed
to redeem our promise.
AS before stated, the loan is for half million of
dollars 1t is made payable in twenty years from the
LIST of November inst. at the Bank of Louisiana and
bears six per cent per interest, payable annu
alIv at the same institution.
Although the advertisement of the agents is full
and satisfactory yet there points in the decree
authorizing the loan that strike holding out adj
ditional inducements to capitalists as well as to men
of moderate and small MEANS to take up this loan
with alacrty. To spread those points clearly before
our readers, we have concluded to make synopsis
of that portion of the decreehe original of which is
now lying before us-immediately relating to the
loan for the general benefit, believing such course
will meet with universal accepation After the usual
specifications in regard to the duties and powers of
the agents. the issuance of the bonds etc. the decree
sets forth the following important stipulation, which
we subjom in full
agents also authorized issue land scrip for
million INDICATED land belonging this Republic,
acre American English the proceeds q which
s be sss s " s :' sRns & viii
pay the said bonds and interest and which bonds the said
Prices, and terms and conditions they think
best calculated TO meet the wants Of this Republic.
The decree then goes to state that lands shall be
selected and located by said agents. such agent or
agents they may appoint, out of any OF the public
lands Of the Republic, such locations to be made as
as practicable etc. The first surveys and selec-
tons are to be made at the expense of the govern
ment In order that the lands may be correctly sur
yeyed, and to avoid conflicting Claims a Land Office
is to be established by the Government, after the first
selections and surveys have been completed and due
publication made, and all those filing their scrip in
said office shall have priority of locations of land,
agreeably to the dates of filing, except when such
filings or applications may be made on the same day
in which case the choice priority shall be deter
mined by ballot This Office is to be kept open five
years. at the expense of the Republic All holders OF
scrip are placed on equality; the lands Of foreign
ers are to be taxed higher than those OF natives
and foreigners guaranteed the same right of buy
ing, selling and holding lands the citizens Of Nicara-
qua enjoy. The said scrip is to be received at par
''for one-half the amount they (lolders) may owe
the Government for any customs dues taxes local
contributions, which may be laid or levied by this
Republic and all holders Of the said bonds may at
any time exchange them for the said land scrip as
long as any Of such scrip may remain unsold, each at
par.
And finally the dccree--which is dated Granada,
2Sth of August last-concludes as follows:
This Government furnish the sad SCENTS win the eces
ary funds the interest such Of tie said bonds as may
be disposed of Annually this end and purpose
5s s fS ssfs s S d a1
pose and finally the fs! Of this Repnbeis hereby PLEDGED
faithful performance Of all and eTsry promise ai t'se nse
From the foregoing the public can arrive at clear
understanding of the character Of the decree, the
ture of the loan authorized, and the guarantees ten
dered for the prompt payment Of the interest and the
liquidation Of the principal when it becomes due.
| Nothing is wanting to cause this loan to be taken
up with avidity at par but lack Of confidence in
the pernanence of the present government of Nicara-
qua. We can readily comprehend the influence this
feeling exercises over those who are strong in their
friendship for the good cause. They dislike touch
ing any kind of securities they do not know to be alb
soltey safe In this instance we consider all appre
hension groundless. The government Of Nicaragua
is now a government dc jurs and de .tacto 1t is
strong has triuuphed over its enemies and is grow
| ing stronger every day. 4 large American emlgra-
ton is setting towards that favored land from almost
every port Of the Union, both on the Atlantic and
Pacific sides. And it is no stretch of imagination
when We predict that six months elapse there will
be thirty thousand American citizens in Nicaragua,
-tiIlcrs of the soil mechanics merchants, traders,
miners, shippers-a engaged in developing, strength
enng and giving stability to the new order of things
that has been so happily inanguratel by Gen. Walker.
1t is for reasons like these consider the loan
questionaby safe and desirable one, and trust to
it taken mp at an early day