The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-16
Interesting from Wall Street.-The New Mics
ragua Transit Scheme.

interesting from Wall Street.-The New Mica
ragua Transit Scheme.
We some time since informed our readers that
negotiations we're going on here to get up new
Transit Company for operations in Nicaragua
and Wall street, and prepared them for the grand
announcement that was to be made by the specu-
lators We now learn that the plan is laid and
preparations are being made to carry it out.
By the treaty between Costa RIGA and the
Rivas government of Nicaragua, of which We
poke some time since the former Power
comes into possession of the south bank of the
San Juan river, and of joint riverine rights with
Nicaragua, and obtains the proper authority to
join in new grant of the right Of transit. The
commissioners, who have been some time in our
city, acting under authority from Presidents
Mora and Rivas have negotiated grant of a
line of transit which differs little from the old
line, in order to bring the route more definitely
within the territory of Costa Rica After ascend
ing the San Juan river the new route, instead OF
continuing across the lake to Virgin Bay and from
thence to San Juan del Sur, crosses the lake to
the river Sapoa, and the road will run thence to
fine deep harbor, few miles south of San Juan
del Sur. For the right to enter jointly in this
new grant Costa RIGA agreed to make loan OF
four hundred thousand dollars to the Rivas
government Of Nicaragua, and to negotiate the
sale of the loan herself.
The exclusive control over this new line OF
transit has been sold for an ample consideration
to certain parties in this city, who are to provide
all the means for the immediate opening of the
route with river and ocean steamships and the
necessary land carriage. In order not to show
too plainly to the public who of our steamship
commodores are in the new arrangement, the
grant will be held in trust by new name in the
Nicaragua 6ghts-that of Mr.. Simeon Draper
and the outsiders will be called upon to come no
and take hand without fear. Our old friends
Vanderbilt, Law, Garrison, Morgan and Joe
White, are not mentioned in the programme at all
Who of them is in, and how deeply is left for the
future to develope
But there is one important fact in this new ar
rapgement which must strike every one. Walker,
Henningsen, Lockridge, and the bone and sinew
that have been go long doing battle 10
Nicaragua, are left out of the new plan.
and are as completely ignored as though they had
no existence. In the face of recent advices from
Nicaragua this seems to be great error. Events
there are bding the chances Of war, aud it is a
little premature thus TO wipe out Walker and his
L" filibustering gang" on paper before they are
demolished in fact. Yet good may come out of
it, after ALL for If those spectators that have
long made tool of Walker and led him into nu.
merous follies, now range themselves on the side
of his opponents, they must stand or fall with the
opposition to him If he succeeds, and establishes
a government based on something better than a
mere transit route speculation, he will command
much more respect from NE world, and support
from better class of men, than has hitherto been
awarded to him.
Our advice to all parties is to have patience
and wait little longer. We are on the eve of
receiving fifteen or twenty days later news from
LocAridge and his party, and perhaps even from
Walker himself In the meantime the new COM
pany might send TO Mr.. Soule retainer, and
learn what chance they will have under the new
Nicaraguan code that he has prepared. While
they arc waiting for these things they may tell
us what part Commodore Law plays in the new
programme, and whether Commodore Vanderbilt
Is filibuster.