The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-10

sunday, MAY 10, 1867.
must acconmodste, and whose traffic Il must for
The pyoeent unoaopolise. n faCt Il was the hish-
way u The State, and vhAS put that beyond Pref
~ on q ~ WssssS .u% ~
and thus promised to fulfil the pleasing relation Of
branches to trunk, feeders 70 main channel, chill
dren to parent, or whatever else one may please 70
had rival canal and that the State Of Illinois had
a riysl and al but parallel railway forthcoming.
but what were they 10 Indiana? Unfortunately.
the State had not even money enough to inish the
canal, 60 by way of killing two birds with one
stone the State got its creditors to finish the canal
At cost Of $500. 900, and then take the profta
"a payment of half the debt. They caught at The
propcsa 30 eagerly that, half doubling their luck,
fhey cot second act to clineh the bargain, aud pre-
vent the State from meddling with the canal till
they had paid themselves out of its profits, which
all OF the most competent authorities in the State
said must bs enormous. -.
Not q soul OF them, we will venture to SAY. How
In the world are they to enter into the mystery Of
! an American or q Russian financial scheme TILL
they have actually put their finger or their fcot
into it? Why, the Wabash and Erie canal WAS, Of
course, prodigiously prosperous BY contributing TO
the construction Of the railways that were to ruiz it.
II was the scaold Of the building-the contra stOrs
tramway and plant. to be cleared on and sold for
fast as the canal pushed on the railways on both
sides were pushed too and the canal them
and the population flowing into the State With rails
and materials Of all kinds But IS each railway was
finished it commenced most undutlfnl composition,
and beat the old canal rather the old b0 OH the
line. The creditors opened their eyes like puppies
the second third year after the bargain. and at
their entreaty the State abetaned from actually en-
tering the field against them. But railways, Of
course it must have as the neghboring States were
making them fast; SO 1t passed an act allo wing
the construction Of l1ays bv private enterprise,
and the work went on apaee. For time, then,
the canal had suicidal prosperity, which, Of
c0urse came to au end when tho railways In this
| and the neighboring States were ell made. + nov
only just keep Itself going If 1t can do so much.
| The rents and tolls are swallowed up in the ex.
penses they have been reduced to 20 per cent less
Of what they were, but, as all the profitable traffic
ia carried off to the railways, and the greater part
Of the heavy traffic too, the canal Is bankrupt con
Germ. 1t has answered temporary purpose, and is
now good for nothing. The shareho ders are coming
again to the Legislature of Indiana-no longer of
course as indignant creditors-they have lost that
positOn--but as outwitted and ruined mortgages,
and ask for dole from the State Treasury. Our
readers know, Of course, how likely they are TO get
it. But, can anybody say they are bit moro at the
mercy of the Legislature OF Indiana, or that they
have proved the nselves bit more simple and Gre
dulous than any ordinary Englishmen throwing his
money into Russian railways? We can only say
that even now we would rather invest in Indiana
than In Russian railway shares, for there Ia always
| some
| people, but none Whatever in either the power or
the desire to pay of corrupt bureaucrcy.;
| The wholesale Exile of Italians to south
t America.
Naples april l5) correspondence Of London Times
| The government, it would appear. still cherishes
its intention Of transporting many of those in prison
to the Argentine Republic, and has put In commits
| Regina. Negotiations we're to be concluded to day
by General bracco for chartering ten o. the best
and most solid merchant vessels Of tho Neapoltan
marine. -Four of those vessels beloBg to Sorrento,
the remainder to Procids united with two of Sicily
The negotiations have been going on since last
Thursday. The expedition for the Argentine Re
public sto be wholly completed by the 10th OF April.
The two armed vessels are to act as q convoy. The
expenditure which the Neap0litan government will
make for this expedition, including the armament of
the gates, exceeds 800 900 ducats. In the arsenal
night and day in getting these vessels ready.
The political prisoners in the bagni Of the two
portions Of the kingdom who have accepted the
offer to leave the country do not exceed am told,
%; but there are q number OF soldiers, amounting
to upwards Of $780, who have lately been turned out
of the army on suspicion, and sent to the Islands,
who will be sent OIL 1t ia the intention, say some
Of to ssnd m S
the power TO do So and no conscience to control that
power; but, voluntarily, few Of the political prison
ers viii leave. N. Falcon, the CONSUL for the Ar
gentine republic, is daily In communication with
General Bracco and Signor Carafs- II is this treaty
which has been put forward the basis of negotia-
tons between our government and the Two Sici.
lies. Should 1t receive the slightest countenance
from our government 1t will cover it deservedly
with shame. The treaty 10 nothing more than
an act for transporting all who may have
been condemned or simply shut mp as
obstacles to the free OF the present system Of
government. II substitutes perpetual exile for i'm
prisonment 1t is q punishment unknowa to the
Law. IL moreover acts, not only against those who
have been tried and condemned (wnatever the nature
hiatt al ma hau hat v,rn Aafr.
poitici, men who have been laid hold OF without any
reason being assigned, and without being subjected
to any trial Surprising that no force be used, aud
that many voluntarily leave the country to avoid q
harder fate political amelioration will be effected
by it, but the contrary. Arbitrary power will be
yet stronger because Il will have less TO dread and
In short time excrcscences as fnghtful as those
of which the Argentine treaty will have relieved
il will be formed again 1t is mortifyiug to think il
even possible that by sending back her legation
England can lend her countenance 70 q measure
which would be cruel and unjust In principle and
perfectly ineffective for good.
Lord Paimerston's Foreign PoIicy-Lord Ma
piers Centrai American Instructions.
From the london Herald, April "a
In the recent intelligence from the United States
our readers may have seen paragraph relating tn
q certain demand for indemnfcation which our
minister had intended to make, but which, upon
withhold, more especially as the French Minister,
who had received analogous instructions from his
own government, had failed In his application to
President Pierce, and had not thought proper to
renew his demands upon the government OF Mr..
buchanan. The demands were for compensation
to the French and English subjects who had
suffered in the bombardment Of Greytown on the
18th of July, 1854, many of whom have been
beggared by that gross outage, and all Of whom IL
was believed, enjoyed the protection OF the British
flag. We are at q loss TO understand the supneness
Of Lord Napier In this matter except upon the sup
position that his instructions restricted him to the
gentlest form Of remonstrance- in short the
government by wlom he In accredited have neither
toe honesty the courage TO insist upon PREPARATION
Of a wrong by powerful government like that OF
the United States.
With the circumstances connected with the Grey
town affair, and with the peculiar relation in which
the British government stands TO that Of Mosquito,
our readers doubtless familiar but the entire
question must be soon brought before the notice OF
Parliament may well glance at its leading fea
turcs The British connection with Mosquito, identi