The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-11

Ya3 YAAM8xx CO1D8I AMX.
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Outline OF the History OF the Accessory
rransit Company, according to Hicarssasn
Authority.
TO THE EDITOR OF THE HERALD.
TIE action Of the government Of Ncarsgus in relation
70 the Accessory rransi. Company has been the fuitfu
subject of comment and speculation and has given origin
10 variety Of opinions regarding its propriety In the
United States natural ing Of surpse has been the
result Of the abolition Of the compsnys charter. Not
only has surprise been awakened, but an unmit taxable
aston ert afo that the chrysas republic OF NicAra-
qua should confront giant monopoly, and expose its
iniquter, . rs.ributive example, ID the world. 60
vsrnmen struggling for proud and enneblng ezisten,e
-srugg for the stsrnai recognition OF indspe lden
natl for the permanercs of Pacific rega
notwithstanding the shadow ard the wrong Inflicted
upon Its BY the unjust example of the republic
Of Amera ard notwithstanding It's repu.ed impoteucy
rs . State unhsstatngy vndcate, it's claim to recogn
ticn and resIsct by act Of ndubitaoe sovereignty
Regardless OF the reputed wealth, the power and inal
sncs by which the inimsal monopoly Gought to be
sd-Iegareless Of the atterirg Inducements and
the loving pre- ses wi which it struggled to foray its
exs.epse and defiant OF The which Threatened
the interruption Of IT'S security the government Of Mica
rsgua conscious OF its rights, sni in vindc son of its
honor ard it's fame boldly AID tearessy s,apged tbs
whose venom aimed at its vitality. The boldnsss Of
tie at has excited undoubtedly, feeitg of admt:a-
ton while its justice IA varioury regarded as mat
ter Ct controversy, OF ineertitude and anxiety. 10
Ieko.ve This doubt and ele!ae thu aci,n OF
Eiea,sruA above he rsa,h Of calumpy aud the
Ieproshes Of the malignant il Is ony necessary to ex
anne The tenure by which The Accessory Transit Com.
papy its existence and ascertain how its conduct
centorn ed with its imperative Obligations. The impor
tsnce which this question has sna toe insses
has universally awakened cannot ait to justly c,m
pebenkve OF history Of the pany and the
causes Of the revocation Of it's charter.
For past the harrow isthmus separating the At
lsntc and Pacific Oeans has source Ct sosorbng
int, est in tie spheres OF commerce and capital Toe
and more closely aNyng the nations OF the East has
been one the praecability of which has excited eager
curosiy and patient and repeated investigation Not
only was the anxiety OF foreign governments and alien
capitalists ens, ed in the conAumnat:n Of nagnin
seriousness Of the advantages Iha. would necessarily re-
suit from the junction. through is territory OF the Ca
privileges and make ssons OF st ;eral charac
ter. Acting upn the impulse alike OF generosity and
interest," this government entertared propositions the
purpose of ich to esat the desired inter
communication. contract consequently entered
into with David L. White OF New York, and others
Of Ncarasua granted The exor svs right and privilege
cons rucarg ship csnal across its territory. While
the piAciOablisy Of . canal fush As contemplated
BY the contract was In progress Of ascefainment tue
right given and the litigation imposed cinsruct
raj read, rail and carriage road aad water com-
ties 10 whom the above privileges ware con:
csdea organized themselves into body of
i,ntic and Pa idc Ship Canal Company. maritime
canal was deemed practicable means Of eecng speedy
from ocean to and in consideration Of
the construction OF such mode OF transit over the
Isthmus the night to ex,lusivs navigation OF tbs Ia
land w.te.s OF The State for given period OF years
the tights and oslgs'ions Of the sap Canal Association
received the approval ard ratca Of the contracting
Nv mi nv a
catin of Of tie visions o. the charter and
frmaby with negotiations to that effect certain amend
mems were mutually agreed upon, and on the II "a day
cfApril 1850. executed the grant under which the
ccmpsry derived powers and privileges The govern
foreign association did not ohibt its authority to super
wise and control the action Of the company AZ qua
sa.iers imposed BY ths charter its grantees the
government leserved to itself the privilege in the event
OF ron Iererusnce, to snnu The contrast, and make
fuch other covenants with other parties rs might ensure
the pleion CT the desired object. As prs,ca
BILE after the execution OF the contrast: the cd faith and
integrity Of the company exhibited 10 The gratifying
form Of expedition. acton Competent engaeets-seisn
/ tifc and practical men-were employed and sent to
Mag's or the purpose Of exploring tbs and
constr uc,ion Of The proposed canal For more than
year the scientific employ ef the comoan, posesu ed
their enterprisng explorations and surveys, bnt wi
Of the PROPOSED mode of transit ren.isei undssst'
mined snd effort, beyond It. surveys, was made
| 10 facilitate the completion Of the enterprise.
In tins meantime IL was ESSENTIAL for the pur poss OF
i
facie method OF conveyance across the Is.hmus
The tsydiness incident to the expiration OF TIE cana
route snd tie difficulties conflicting With its early com
peoS E6u.ed bsnecares of the grant to apply &c
The government for additional mo5f,aons of taer re
probabilities the object Ct whi:h WAS to relieve them
fre The obligation Of completing The canal contract
TO substitute simply the pra ,icable RICH! OF
sructrg rail and carriage roads, and establishing stesn
commu hicaton On the rivers and lakes o. Nicaragua
The government, although unwilling to absolve then
from the duty cfc5nstructug tie canal was inclined il
measure to favor the appcsn, and relax ths rigor
,s~fra -
| the Canal Con pany, other kmendments and nodifca
tiors Of The charter concluded, and nsw gran
umed hs tits Of be ACCESSORY Transit
pany." This ant bears date the 14ih cay Of Aug
1901 The change IN the tue Or designation 81 the pm
relation to the completion OF tue csna This require
melt remained in the charter absolute duty TO bt
perft, med within the period o. twelve years The Ac
cessoiy Transit Company naugurated into all tbs
rights ard privileges ana subjected 10 the same pera
oceanic COMMUNICATION tbss wee Officially cona aimee
IN ne cbsrer creating the American Atlantic and PACT
fc SHIP CarAl Company The rights Ct the government
t:o were In no wise abridged cinioished by the
compsc 1t reserved tie original power OF supervision
ever The action Of the con psny and the sutho; ~ t,
conditions. With this plain and definite understanding
on the part Of the and tbs company Of the
reciprocal tights and Obligations tie newly organzet
association commt the prec1tion OF ia Legitimate
cuRs in constructing tbs faciies Ct transit communi
| catitn between the two oceans.
After tie organization Of the Transit Company, tbs
veys ard oher labors in relation to the canal were
pended The Obligation Of completing this desirable mode
CT nlaLd Communication imposed BY the terms Of theft
cniract wholly anc Lexcussbly disegardec. The
neglect Of this essential requirement Of their charter
leng forced Itself upon the attention of the company
and in txcute or ralliaion of their delinquency they
urged the inpractcabity Of the tuflmsnt OF ths
tract and strenuouely solicited additional modif
CT their responsibilities. The sgent, through whom
ral concessions sought be obtansd from the
government, visited Nicaragua about the month Of Janu
ary 1853 The Chief Er gneer who With bis asssta ats
pesd surveys, had represented in his reports to the
company that II mpracticable to copstruc; canal
greater dimensions than would accommodate vessels
feven:een feet draft BY the terms Of the chsr.er the
duty was imposed Of completing canal Of sufficient
width ane eepth to facilitate the transit of vesse OF all
szss" The mission of Judge Ednond. OF New York the
agent of the Ship Canal Compsry to effect, il pos
sble modification Of the srtice Of the chartsr
quiring the canal to be OF su:h ample capacity 10 sd
RI draft. The application Of Judge Edmonds was con-
e.fedly based upon the ee's report and inc