The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-21
Nicaragua Transit Company.

MEETING OF THE BOARD or DIRECTORs-srATE.
AENT OF THEIR RELATIONS WITH NICARAGUA.
The Board Of Directors of the Transit Company held
meeting yesterday The principal business that
before them was, Of course the action Of Gea.
Walker 10 annuing their contract ard Selling their
property.
The principal given for issuing the decree
nuling the Transit Compsnys charter appears in the
following official announcement -
Whereas, the 18th of September, 1885, the republic
under the charter and the said reused the
NE ALLEGATIONS which the decree Of the Rvas Wake.
he government drew Annually for he $4,000 stipulated 10
IS St. and 81 sna ii CASH sas for
In 1855 the government drew for the $1,000. pay.
able 81 on had nd s before o sn s a e "a
S hs sssss q the assign
erous and rultless attempts for several Years to
ceeded in inducing Them % sesd Sers wSo
al IN s 81 1 ows ss % s
referring them TO the government 81 Granada.
ss oea ss ynes s 81 s
upon the smPany crsdng and deduelDg from that az
account of the 10 per cent profit Of the Transit the
As the e9 Saa Sf the deemed this much
late soyemser 1866 sppoi ed sreiraors, provided
1T hsr ON the ssS
h ssS sn r & ss Par, Of the
sGreeS in he charter 70 chose before
ays alter e and before
received from the new government in kiearagua:-
D 1,n.s,n. N o. H,sso,,ssssIoA.s
TO TEE PRESIDENT AND DREcroRs ACCESSORY TRAN
~, This government ne, requires that SHALL immediately
S Of your to meet two ohsrs uy &
NAV ss Re m e % e
Sou1s and the e
whistler .. Haoends' do o. nssSya Of War.
% s ss o Ss %
OFFICE OF TIE xeSHs Yosx T p ;SsesrASr
Hon rAnxEE FRENCH, Minister Hacienda . and Commits
smI have acknowledge receipt of your letter Of
u ealing upon he to apon,
government OF Nicaragua for the purpose making
media OF tho differences between the
beg in repl, that having already appointed Two COM
Ncarasus through their consutSted and uiy
he said commssioness however, both parties concur,
Mi .aprs i +
meeting is to be settled BY the commissioners chosen
confirmation the views herein expressed refer you 70
ss s Ss E
tween The compan, and the government T%s ins
next incident The history Of Ibis case was he srrvaj az
n III %as:Aass :. &:
powers Of the Comm soners Teiada Aayo and authority
rom the government to settle MI difference bewoen
the government and the company
several interviews had between the partiea eyerv
facility gas rendered BY the company Mr.. frenca
anime the books either in person proxy His engage
ments prevented his devsng much time subject and Be
tore any conclusion was arrived at re
ceyed by the company from the Granada
vcslng the powers OF Mr. French in the premises:
sued decree assigning all claims upon COMPANY to
Mesrs Manning Glenton Early in February copy this
paper served the stands
since these NEGOTIATIONS commenced the company paid
The State large in short leaving OF the large
claims they have the for loss damage
sustained of heir failure afford the COMPANY
the protection provided for In the charter have over
pad all dues 10 the State.
The Hon. Mr. Frer oh his last "a office
volunteered the remark that he should 10 report H.
lis that in hs judgment the company did not owe
the State cent for the past He thought quits he
fair o something to thai effect. 80