The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-19

ta!ion TO the party to ''sand by their gums" and
as the Ames lean organ at Albany assures US that
the patty fight for principles, and not for victory,
we may conclude that in their late defeat they
vcnot been disheartened In the least degree We
call upon them, therefore. to organize North and
South, East and West, and to prepare for such
gathering Of experience, talents and wisdom at
Louisville as shall result in the instant reminding
of their camp fires from Maine to Texas They
who are fist in the field have the choice of the
ground; and Mr.. Fillmore was not given half
chance in the last campaign
The NicaIas Transit Route Disputes-A
Key to the Difficulty.
We understand that there has been considera
bic excitement in Wall street during the last few
days in connection with the closing of the ar
rangements for the new Transit Company. The
number and variety of the interests involved In
these negotiations and the supposed Importance
of The stake for which the parties concerned are
playing, lend 10 this affair an interest which 1t
would not otherwise possess. To judge from
the number of Richards in the field nothing less
than kingdom would seem to be at issue. 1t
will be found, we think, that potato garden
would more adequately represent its value
First, Ia the list Of competitors, we have the
Vanderbilt party, representing the old Transit
route; secondly we have the Morgan and CARR
son party, representing the Walker Randolph
grant; thirdly We have the George Law and
Henningsen interest, representing no route OF all;
fourthly We have the Costa Rican interest, repre-
sented here by Messrs. Webster and Anderson;
and, independent of all these, we have the old
Nlcaraguan government, or Rivas interest.
The chief parties to the contest are, however,
the representatives. of Nicaragua and Costa RIGA.
The latter country, assisted In measure by the
Webster and Champion and the Dallas and
Clarendon treaties short time since re-assertcd
her original claim to the route. Both of these
splendid documents, however, having fallen
through-Costa RIGA was thrown back upon her
own resources; and by her recent military sac
cesses-which have given her the control OF the
Son Juon river--the aid of Messrs Webster,
Anderson, and the redoubtable Capt. Spencer,
and the financial support and influence of the
house of Vanderbilt" she has now come into
temporary possession of what she has been 20
long struggling for.
The present trouble between these parties is
that the negotia.ors for the right Of way-com-
posed Of Moses Grinnell, Moses Taylor, and Mr.
Russell, of the Pacific Mail Company-refuse the
recognition in their company Of Morgan Il Son,
en- account of their ilibustering ympathies
We understand that at meeting on
Friday some sharp words were exchanged
between Webster and Anderson, who are In
want Of funds, and Grinnell and his associates
who draw tho purse strings close upon them
Webster favors Morgan on account Of his having
steamships ready for immediate service to put on
the route, including his large 5000 ton steamer,
which is In q state of forwardness. Anderson as
cumb, New York belng, he thinks avery eytrava-
gant place 10 live in. Morgan offers 10 send o
steamer expressly TO Greytown with Mr. Ander-
son and twenty selected friends for the purpose
of enabling him 10 negotiate aud close up oil
proceedings for the opening Of the route, the
steamer to receive instructions to wait his return
at Gry,own for ten days. Five directors Of the
Grinnell party are already chosen They guaran-
tee to Costa RIGA 81 900 as loan; Draper &
Co. offer 100000, aud Morgan q Son s200.000
end the necessary steamers. II is sa'd that after
an interview on Sunday morning with Mesrs
Webster aud Anderson, Morgan Il Son were in
the ascendant, an application made on Saturday
FOL funds TO Crinnell & Co. having been promptly
refused. Thus matters stand, for the present,
between the parties; but another Gay will probs-
bly, bring them to o decision, the Costa Rican
agent, as We have stated, being under pressure.
In the meanwhile Mr.. Spencer, who went out by
the Illinos. l. now actively engaged in the lntc-
rest Of Vanderbilt for the resusc,aton of the old
Accessory TIeDsit Company, and will return by
that steamer. Vanderbilt, however preteuds that
he does not care for that line, he being already.
IN conn6 ction with Mr. Roberts, interested IN the
Panama route II is well known that Wander
hilt mot Spencers drafts for his river operations
In selling the steamers. Spencer stands well
with President Mora, Of Costa Rica. uotNith-
standing what has been asserted 10 the contrary.
and hls influence is justly feared by vauderbut's
rivals
The question now arises whether the old Tran
sit Company will come dosn handsomely TO save
their interests "a pioneers Of the route after the
refusal Of English capitalists to join Vanderbilt,
In his original aud successful efforts for the open
ing Of that line. II IL said that within the Last
week Mr.. Webster bas receiveda letter from Lord
Napier upon The subject Of EnglLh cooperation,
but that the prospect IL holds out does not amount
to.much Messrs Webster and Anderson arc much
annoyed and irritated at their long protraoted
ard tedious negotiations, for they apprchcnd tina.
II they are spun out until the return of Captain
Spencer, they viii receive q very different solu-