The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-31

From the Intelligence which we puplished O.
saturday. in reference 10 the Nicaragua Transit
ioutH, It appears tbst Don Frsacisco Psaraeo
who arrived In tho Tennessee August 18, has
ob'aintd The RIsnt of the said route, signed by
the two Dic'stors OF Nicaragua, Jerez and Mar
tinez, which completely anUuls the Costa Ric N
| grant lately given to Webster and Harris, and
that Nicaragua rfuses to recognise tne right OF
Costa R'cs to seii The grant for lts own aggran-
dEenen, it being the only revenue she has had
1t aao appears that Don +. Parraso is at present
In Warrington where he has shown his creti.n-
tia!f, fully empowered to treat; and thst Mr.
Buchanan recognizes the claims of his gcve, n
ment, asd refuses to encorse the claims Of tue
late grant of Webster and Harris
Thus this eves!astcg con.est among ri,a
States spectators etees jobbers and etesmboas
enancie-s for the spells OF this Nicaragua, Trar,
cit route, has, rince the exeuisicn of Walker be
conc worse ccpiounGed than ever Aud there
really does eprear to be fine chac.e for the
speedy return Of Walker ard ais ilibaesers TO the
San Juan, through the es.pices o. ore or ser.~sl
of these Conflicting Transi, ron,e iosSsers aud
6Danciers.
Hed Vanderbilt. White and CompsRy ma
mayed their case VITA li.1,o more ekiA and
sagaci.y. they might have been in tire pro
ftahle occupation Of this rrannit monopoly 20
this day. But the projected expectation some .hree
Pears age OF Col Kidney, for the occupation and
colonization, la Texas, OF his Mos4 quito pdr-
chase. frightened Mr.. White. aud his Representa-
ton of the case frightened Vanderbilt They
feared that il Col Kinney shonld be successfr. Il,
planting North Americ IN settlement in and
aso,ud Geeytown, his next step would be the
SEIZURE of the governments OF Nicaragua am the
Transit monopoly. At the same time two nati 70
pmiies 10 Nicaragua ~e,e at war; a.,d 10 70 make
al right and fight, Mr.. Wtite fret proceeds 10
Washington, ard getting the ear Of SucreiaTy
Marcy, he succeeds il blowing usShe RinEcy TT
pedtien So far said Mr. White, 40 good Toe
next step was TO put all End 10 the war between
the native ficaragusn paIties aforesaid aud tc
get the cont l OF the government To this cad
Gen. Walker was invited into Nicaragua fron
California lie came, and saw and conquered, .
ard with the establishment of bis military gov
eminent Vanderbilt and Company were tue t1cst
great capitalists to give ia their adhesion, their
allegiance, their confidence, thCir ships, their
credit and their cash. In u row between she
steamer North Stsr and the United States aatho.
rifles in Tho city, Dir. White good enough to
say to District Attorney M'Kcon that The Transit
Company owed no allegiance 30 any other GOV
eminent than the government OF Gen. Walker
but the seqael very soon showed that their conf
dcDcg rested upon broken stick, tia: Walker
was "a sipged cat" and that they were sold
The real misunderstanding between "the house
of Vandorbiit" and Walker was this: Vanderbilt,
thought that he was making catspaw of Wal
ker, while Walker knew thai lac was making "A
caispaw of Vanderbilt The seizures and conGs
cation OF tae Trsnfit Compsny's laovsabies, ant,
the transfer Of the monopoly of the route 70 the
new company Of Walkers particular friends
opened the eycs of Vanderbilt to tho importaas
fact that he Lad been taken in and done for, ana
done brown" Revenge aud the re-occupation
OF the los, monopoly became instantly the policy
of tie hours of Vanderbilt" They first tried
Secretary Marcy but Iarcy referred their 81.
bas.ador to that North Star letter Of Mr. 10
White, which closed up the argument in that
quarter. the VaDdcrbills then sszed upon abe
local elements Of rebellion in Nicaragua, excited
by the folies Of Walker, and Joined and supplied
the sineTE Of war &c. the holy alliance against
Walker. The result was Walkers expulsion.
very mnch to the chagrin of Morgan Il Co., the
holders at that tina Of the Transit monopoly, and
ve,y much TO the disgust of George Law, who
hhd been bleeding" very freely in the hope of
securing both Walker and the Transit in The palm
Of his hand.
Walker IL expelled peace follows-Gen. Mora
says Costa RIGA is cock OF the walk y aud oil
the other Central American States say, " Amen
But now what do VIC see? The new grant of the
Transit route made by Costa RIGA abnulled by
q newer grant from the two dictstors Of Eicara-
qua; and THAT Costa Rica after having exhausted
her treasury ard her credit to rescue Nicaragua
from the clutches 81 tie ft5usters, gets only
this in the way OF thanks The ooly remedy.
therefore. which appears 70 be left to Costa Rica
AGAINST the two dic,ators Of Nicaragua and .he
rival steamboat SPECTATORS concerned, H. to
pbip IL ont of them In fact, IL our eorres-
pondent has correctly stated the facts Ind we
doubt not be hss--Costs RIGA must fight or The
two dictators Of Nicaragrs-Jerez and Mar
tncz- must back down. We can zee no end,
however, to this complicated squaoblc for the
spoils of tbis Transit monopoly, except through
direct Intervention Of IRE United States and
England, or through Joint stock holy alliance
Of ell our steamboat Commodore the house
Of Vanderbilt" Law, the Morgans, and oil
concerned
We baye recommended this joint stock alliance
heretofore; but notwithstanding all the thick
beaded blurders and foilies through these ruinous
rival plots and counterplcts between our greedy
steamboat captains, who want the whole or
none" we believe that il is not yet too late for
them to do better. We say, therefore, again, that