New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-05-08
NUMBER J: IS.
!. .Aa.eeessory Translt colrau,a,nr.

Many persons, well disposed tovarda5 tI.a .r;..,s
guam movement, have censursd tl,e Ir,ar
government for revoking the CHARTER and IL
boats Of the Accessory Transit Connanv u{fso,ttt
explanation, and with nothing but i onsdsd stor,
told them, it il not surprising numbers n
were led to regard the movement al unnacass
harsh, If not unjustifable.
We have always believed and argued thai 81 ~
the whole story was told t would be found the Ma
raguan government was in the right and that tie
conduct Of the managers of the Transit Company had
been such as to forfeit their charter and lay their
property liable to tosequestration.
The following showssthe correctness Of the conc1u-
sions to which we had arrived and the Report Of the
Commissioners, which is referred to, will, as soon as
it makes its appearance convince all intelligent read
ers in the United States:
From EIsicsragueuse Aprif12l
The temporary removal Of headquarters from this
city to Riyas, and the recent stirring events connect
ed with the movements Of the army, have for time
interrupted the active operations Of the Commission
efs having in charge the affairs of the late Transit
Company. Messrs. Alden and KeWen arrived in town
On Tuesday last and viii resume the session Of
the Commission, and continue the same until the af-
ialrs Of the Company are finally disposed Of We
learn that from present appearances on partial
animation OF the books Of the late Company and
from the testimony already elected the amount due
lnstalments and the ten per cent. quota upon the
yearly net profits, will not fall far short Of half mil
lion OF dollars 1t appears that the Company com
menced operations without the application Of any or
very little OF It's capital to the stocking of the route
with boats, roads, wharFes etc. etc. and have applied
all OF its enormous receipts to these purposes as well
as to the ruinous contracts with avorite high sala-
res to employees and supern1merary officials Of
which diminished the ostensibe receipts and was to
the extent Of the per centage. robbery Of this Gov
ernment BY this course and the abandonment OF its
proper and sole legitimate business as transit route
for the more extended sphere of through line from
New York and Now Orleans to San Francisco, and d
systematic charge Of every possible item of ex
pense to the Isthmus the Company have figured the
route into ruinous condition, placing all the profits
to the credit Of the ocean steamers Very fortunately
the few books left at the various agencies in this
country show enough to enable the Commissioners tc
find the Isthmus route extremely profitable and tc
find also that nearly all the operations Of the CoYnpa
ny IN OF roads and docks here have been paiG
| for from the receipts Of the Isthmus
We are further informed that the testimony in ths
hands Of the Commissioners affords some astounding
developments of treasonable hue, wherein Joseph
1 White, Esq., counsel Of the Nicaragua Transit Com
pany, figures quite extensively in connection Wit
Senior Marcoletta, Minister of the late Seryle Coz
ernrnent to the United States There is proof posy
OF the fitting out, arming and equippng of a body
men, over whom son Of the Secretary Of the Trans
Company acted in the capacity of lieutenant colope
who were brought into this country the boats an
+ at the expense Of the Company, and whose service
together with the use Of number Of pieces Of caniO
on the steamer La pirgin, were offered by form
convention to the Seryile or Chomorral Governrnen
The correspondence of B1r. White with Judge Coul
land Cushing, agent Of the Company at Virgin Ba
is also in the possession of the Commissioners ar
exhibits fine specimens of that duplicity which h;
characterized the intercourse Of the Transit Con
pany with this Government Its tone runs ttroug
the entire gamut, from the deep base of haugft
assurance and overbearng nsolence, to the soft an
plant notes of a whining suppliant These matter
will ere long see light in the report Of the Comms
sioners when the Accessory Transit COMPANY vii
find that, although their conduct was necessar
unrebuked while this republic was struggling through
that intestine war so happily terminated, yet now til
day Of retrbution has come, and the Inauguration
new era in the annals of this land has been rs sig
nally marked by speedy termination of the abuse
Of the Transit Company as by any event since tn
treaty which established the present firm and peacs
., full Government.
The new Company of which Edward Randolph
IS the grantee, have arrangements made for the esta
1ishment of new line of ocean steamers under the
charter, and are informed that the first steame
of the line have already left the Atlantic and Pacif
ports of the United States and may be expecte
to arrive in this country. in our next issue we wi
be able 50 give information of the proceedings of th
Commissioners, so far iusable, before their Labor
are completed. We know enough of the matter the
have in charge and Of the character of the gentleme
in whose hands it now rests, to be assured that
thorough investigation will be had. Meanwhile W
listen with complacency to the comments alread
made by our Atlantic contemporaries they will 500
discover that the entire powers of the Transit Con
pany are a matter of grant from this GoYernmen
and that to this Government alone is the Transit Con
pany responsible The report of the Commissio
will place things in clear light, till when we witt
hold all structures