The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-02

sressd n whatever oornsrug operations may b going
on, bot II present the market for suoh Ainss dun.
sr efforts, both In the columns Of the NSss and In the
"ree are nov directed sustaining. and possiole IN
nasing again Michigan Southern Railroad stook 20 - 70
ses ont OF the sinking ship before founders. The money
eoor Of the TM threatened the dreot0rs Of that roae
WIN eternal opposition and condemnation they passed
me dividend and the dividend declared. did not how
ever save The scck and the propretors Of The e sui
Tered ievtrey BY the fall They are now trying 10 keep
up The markes price Of the bonds BY taking some Of the
lots offered but they not ntey 70 be any moro suc
"ssul In this than IN the stock. Operations in 'puts
ana "oas" have mot been very active lAeiy, and the
rma' money editor" has not made much by his curb.
Stone transactions. looks though neither the pro-
prktors or the money edtor Of the rimes making
much money In Wall street Just now.
The last accounts from General Walk were Of chvrso
ter calculated 70 discourage his waYmest and strongen
friends He has been abandonedby bic allies here and In
Ban Francisco and the ofsuppy both Of menand
means, have run out 10 anticipation Of the defeat Of
walker In Nicaragua, the Rvas 20 yerumept have des'
patched to this city two commissioners for tho purpose
OF negotiating for the sale Of . grant for Q
Transit route These agents have arrived and already
more than half dozen parties have been formed for the
purchase OF all the rights and privileges which the RvAs
government propose granting The new grant viii meet
with ready sale Of . good prioe, and then
we shall have new scheme put upon the Market to
be operated In the Same The last with probably
similar results Toe old Nicaragua Transit Dom
pany originated by Oornelu, Vanderbilt. that line
was FIRST started upon vanderbns's capital Al hrst
was rather small concern, but being very profitable
rapidly enlarged From the earnings Of boat each
ocean, the line became quite extensive Al
~ had become thoroughly established was put inio
stocK company with nominal capital Of $4,000, 900, d
vded into 80 shares Of The par value Of 300 ech
Some little time After the line formed Mr. Jos.
White became active manager, and was OF the
most prominent stockholders In the company. Mr.
N. II Wolfe became largely interested In the sto,k The
stock from the start Of speculative character aud
Ructuated rapidly AMI largely had good basis for
the Company highly productive from the very begin
ming Tho largest operators In the stock were Aessrs
White and WOLFE and they each realized ab out 5000 900
few months on their differences Mr.. White operated
with great deal Of ts,t and shrewdness and rapidly
accumulated . fortune. Al this time the stock hat
become well distributed and ruled NJ about 30 10
36 per cent Although the company had . large
capital, most Of II WAS merely nominal, and but
portion Of the stock had at that time been Issued
while the company owned very little property Mr.. Van
derbi was the principal owner Of the boats and be
necessary for the pany 70 purchase his interest
This done by issue Of stock 10 extent aucien
to realize the amount required 10 meet his demand In
this way the capital was nlled up Mr.. Vanderbilt 70
signed the agency Of the company aud Mr. Chss Morgan
elected TO oil the vacancy. Things along pretty
smoothly for time, but the stockholders got no div
dtnds The company continued highly productive, bu
one could or would tell where the money wen, to
Upon Mr. vanderbilt's return from Europe he put Ii
large claims for services and expenditures aud tgasio
likely 10 absorb the entire proceeds. Tho contes
between the Vanderbilt AMI the Morgan parties waxet
stronger and stronger, until the resignation Of Mr. Nor
gan put en- TO It for the moment by this movemen
Mr.. Vanderbilt again the Presidsn. aud agent
the company he had hardly got warm In his
before tho war was renewed In another shape Ths
battlefield was Transferred from Wall street TO MICA
ragua, and Gen. WALKER was the arbitrator. he mad,
short Of the matter. Being auled with the Nor
gan party. he brought things 10 . eliminating point By
sezns the property OF the Transit Company in Nicaragua
and put stop further transportation except upon
pay Of represented TO be duo Here
game was blocked, and Tor the pasI year walker hm
with the Aid and comfort Of the Morgan Garrison party
been trying 10 sustain himself The world been pre,
well posted IS to his movements, and bis chances Of
have been widely canvassed. looks thougt
was oil up with him-as though he would have to sue
oumb 10 the climate and circumstances In anticipation
ofsuch event. measures have been taken 10 open On
Transit route upon . new basis throughout. Tho OIL
grant mas peen annuled. All the Old rights ana priv
leges have been abrogated, and the RvAs government
intend when again fairly established in power, TO re
pensh ns treasury by the sale Of charter Of
monopoly. They have not been Idle In the movement
The grant In this market for sale 70 the higher
bidder There . clique headed by Smeoa Draper one
headed BY Moses Taylor, by Vanderbilt another b.
Morgan and Garrison, and one BY Geo. Law aud We be
lievc about half dozen ohers oil bidding against eicb
other for the coveted prize. fhore were Immense Tor
tunes made out Of tho old company aud these
the char In this There will DO g:lnd picking
for those who the charter and nrs In at the
formation OF The company. The lice DO pla,oi 10
per eo, working order Cor expenditure OF about twU
million OF dollars but the capital will probably DO nxe,
n ton millions and tho sock put out whom u gets sun
GENTLY Inflated to pay we'll The only sufferers 10 ,hs
old Transit Company the stockhoders who In spite
Of all our timely warnings persisted In holding on
There just about many fools In tins worio now
y ever, and We have doubt the party who gels
he Transit grant VIII find enough 70 take their stock
the asking price The history or the old company viii
not deter persons from involving themselves the new
md look for rsSult in the last similar realized
IN the nrst A few will mako . large amount Of money
put OF u, but the many will be largo losers.
The annexed statement exhibits the vaus OF foreign
Try goods entered this port for consumption for ware
he week ending and including Thursday, February 20
ISL
MovnEyrs ~ yoRucs DIR Goope.
Conrnpien. TRsdracals Wd-.hsaei
Y Manufactures OF wsol. sts3,o5o ses ol3 se1,24s
q cotton. 5ss,2s2 1879 3i,7o6