The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-02

THE NEW GRANT TO VAN DYKE AND coMi iksY--GOM-
HoDoRE Vanderbilt INTERESTED IN IT. PREP ARA
TioSs TO csRRy IT INTO orfRkrYoS-TnE so
WHITE PATTY DON'T ABANDON THEIR RiGHTs-
TUE cAss-lMsARRI TREATY TO BE RATIFIED, rrc.
The Nicaragua question have al length
reached point where tho practical begins. II Is known
readers that those interested Ia tho White tp5
bns contract hold that ha, cenirac, is st force
viiiacd by the failure their part H. put he Ec
operation within the time prescribed. They cent out
ren,i,ynan named Fitzgerald put tho Pacific portion
The land line operation to make tho connection bcysee
ihc the lake and those The Pacific. The
Hermann sft lr the rache six weeks since and The
Washington " start 10 open the route saturday
The small lake Cass Yrisarr and Catherine
vore last accounts, proceeding up Tho river
,ba, tho Inc Is n he PIT practical operation mmc.
diately.
lIu, in the meantime this difficulty arscs s.nor Jcrez,
Ncafaguan Minister No 20 Washington, declaresard in
that he backed BY The Noaraguan Secretary OF Foreign
AGats-that the stebbns and white grant has become
nu by o the failure o the grantees put ,he ac
operation within the time specified. Yrisarri, the
contrary, who the regular resident representative y
Nicaragua in Washington, tJcrcz being penpo,,ntary,
sen; fcr specific purpose, he says) holds tha, The
grant to White and stcbbns has not cst rs fcrcc Thus
Yrisarri and The Stebbns party ranged tho
SIDE of this question: aud Jofez and tue Ncaagun gov
eminent ou the ether
Then, " comphca,e matters further, Ur Jerez
and makes a grant a the night q way, With all the pi
steamers Nharvtg roads bridges and stock of all kinds
that formerly belonged 10 tbs Transit Company, 70 com
pany composed uf " g Van Dyke, II Wallace and Fret
Van Dyke of ladt pa, in consideration of certain sum-
of which they have already paid the first instament.
These new grantees, u y sat, have allowed tonmoiorc
Vanderbilt, 10 come into tine arrangement and the Com
n0d0rc setting work earnest Hs large steamers
are Immediately ~ be got in readiness 10 ply tie A.
antc and acNc sides and small ones are " be seut COR
the take nav cation No tine b. lost. steamer IL
80 be dcspashe forthwith, With worsmcn, lumber AVID
all necessary commodities. Tic rvad is to 10 repaired,
broken brdgts rebuilt and pvt order and everything
axed ght for the opening OF the line. IL exlecd
hat il viii require three months and outlay "a sOme
otty ~ nfty thousand dollars, to achieve this
What there s most pos tive about this after grant is
that requires ratification by the NcaraguaA govern
m,Dt Jorcz clothed IL ls said with fu1 powers n
the matter and the grant has been made in due form.
The question will then the conflicting claims of
the two companies. " tho Van Dyke and Van
det Dill company is resolved to operate the line,
the White and Stcbbins company Is as equally
determined 10 do il themselves The claims that the
Itsari treaty protects them the other makes the
ncnts for the ratification Of the Cass Yrsrr treaty SAID
o hc the making o the grant and the Paying q the
Afst rstalmtht, money being a scarce and desfabe
commodity Nicaragua Therefore, the ratification = the
treaty, - originally made, Is expected Immediately
Jcrc2s strrrtary goes out II few lays N the steamer
to he scut out ~ he Van InNe company, " carry - his
government thc II his grant, AMI % bring back the
treaty ratified
We may expect mgeh litigation and quarreling over the
conflicting claims ~ he two companies claiming " nayo
each Tie 4raut How the claims are t' be recouCled l.
thc deu,ty. II they cannot " rccnceed ~ az, ard II
each contrary persists asserting n claim - the tran.
st Keeps up ~ steamers. why, thc travelling
luble vii derive The advantage Gun thn e5mpcstun
verrUoat ot ma privilege. J. Yr 'f. r1rtc. as
sans