The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-05

Wscerag~Mr Sfxxfra.
RNrfA or DR. waELrLsY 10 the CANAL Q. MIA"
TO THIS EDITOR OF Tas HERALD.
In your paper Of July first l read ccmrnl
cation exceeding one column in length, written an'
composed by ant for an association which style
itself The American Atlantic and Pacific Shfs
Canal Company"
rs TMHE SUP CANAL coMrAnYf
The Companys communication being, first, al
attempt of its own to prove rs. it really exists !i'
second. an attack upon myself, by NAME and openly
it seems quite proper that should say few word
in reply. The company evidently fears lest L ma!
lie able to show that it does nos exist else 1t woulc
net have prefaced its attack upon me with an aryn
in defence of its own exsteuce. ls does mol
interest me much to know whether the company
with he long name either lives or does not live;
but If it is dead would like, with your permission
to say word or two to the ghost.
The company argues that if it is dead, Senior
Yrisarr "a gentleman of sound sense and ,ntelli-
gence) is not informed of the fact; therefore the
company must be alive. This is the gist OF the ar
gument: Senior Yrisarri sOiemny assures the com
pany, or the companys ghost, That he does not
know whether 1t is dead or alive. Perhaps lie cares
nothing about the matter.
After tedious argument on the above grounds
and others equally interesting published in two or
three communications, of which tne one Of July lst
Is by much the most labored, reminding one, in
fact, Of tho mysterious and Horrible struggles OF
corpse in winding sheet, the company commences
its attack upon me. TO be attacked by the living is
an evil-by the dead a horror
DISEASE CALLEp LACK OF MONEY.
Before replying, in brief to the personal attack OF
the company, | wish to make few remarks upon
Transit companies and Transit charters which
own are not original with me. being gathered from
companies and charters, except one, have died sue.
cessivrly of fatal disease called lack Ok money
The ola Accessory Transit Company was condemned
and executed by the Walkerkiyas government. be
it would not, could not pay its dues to that
government Its successor, based on the Rand alpa
grant and hanged by Messrs. Garrison * Morgan,
paid out money enough and to sl,are-it was an ex'
ceptOn. 1t Tell with the svn fortune u cause.
The next grant, given by Costa RIGA to W. Il. G..
Webster failed for want of funds t. start upon.
The next given by Costa RIGA g. Me-srs. Webster d
Harris, was victimized by the same malady-the
grantees could not, or woulo not, pay what they had
agreed. The Canal Company ought not To be M
tonished, or grieved II the same calamity has alen
upon itself. fur the same reason aud II Nicaragua
has given Transit quarter to Mr.. Vanderbilt, that
charter will follow in the sad procession. unless
he pays Up manfuy AS agreed. HInpr aud the
press say that he has paid. Very good: 10 that case
his charter will stand proof, otherwise ii IL only
waste paper. Extensions and protested drafts
are fatal 10 all Transit chait Toe governments
OF nicaragua ana COSTA lN'Ca are lgH1rdnt W VII
derstand anything hut hard money II you make u
contract with them you must fulfil 1t; you must pay
your money and open your line. or step aside for
your successor.
The public may not perhars he aware that the
socalled American Atlantic and Pacific Ship Cana!
Company is not ship canal company ut all: the
name Is absurd The revised charter sigucd by Senior
Yrisarri in New York on the 10TH day OF June, 1867
and subsequently confirmed by the government 81
Nicaragua July II, 1857. is rrausit charter. and
releases the company from the obligation 20 make
shin canal but obliges them To open "A transi'
through Nicaragua in ninety days. This term vas
extended. Extensions are generally fatal, much
more to Transit companies than to merchants OF
bankers.
eve ARE CRED ELI INFORMED"
After establishing the fact that SOLD to them ton
paper-acting for w. n. e. Webster) the boats op
the river San Juan and Lake Nicaragua, Ia. com
pany says: "And yet we are credibIy informed that
the same James ID. Whelpley Is the author OF the a.
founding disclosures published in the newspapers
The press AT least portion 81 1t. very prompty
denies the chafge-denies that am the author ot
the Astounding disclosures 50 fatal to the eompa
ny. The company has thus drawn out two witnesses
against itself first, by attacking me- II admits my
foreknowledge Of tue facts; aud. second. 10y obige
the press to deny my authorship, prove, the exis
tence of another witDess.
qnK FIVE wIrrEssss
The Act OF Incorporation published last Tues
day, is prlnG tdc;e evidence at the existence of
third witness In the person Ut the Nicaraguan 81
expression OF the company, that that Act Of lncor
poIation Ii q genuine document. 4 believe u u "
| SUCH am hot the possessor Of W II g. Webster
papers consequently there isa fourth witness sgans
Them in the person WIN holds those papers, whoeye
| he may be in New York. II IL not the usage of Mr.
| Horace +. Clark or of Mr. Vanderbilt or OF any @
| their "house," TO publish their private business
Bat they must have copies Of the documents, IL b
probable that they could II they chnse, constitute
themselves fifth party in witness against the exist
ence OF the Canal Company. How many more there
may be heaven only knows-perhaps a dozen or q
score. Time will show.
THAT Two Kindred poLLAaS.
The publication by the company OF private let
ter of w. r. G. Webster 10 me (psced with theui
Tor business purposes oniy), their idle and uhneees
sary disclosure of private transaction between my
sell and their body, and their charge AGAINST me u
publication, )" il no. the whole 81 their attack g.
use their own expression, am orsdbly ibiorm'd'
that they have assisted ID circulating silly piece 0
scandal. which has neither top nol bottom to IL
namely, tlli Ohicd tine " astounding disclosures
that appeared IN ont OF tho s,s i@h papers to eve
,al leading pal,crs m t- CITY fer the SIN Of 500
| Even If J had do5e ths. they world never hat
| known il ur' - to'l them. fir leading iplrua'
OF New YORK are not IKE the Canal Cosnpany they
never betray q core ndent, nor disclose their pr
vnte busrcs to the world. unless compelled by pr"
cess of law. The rumor h consequently wrescb.'
4 invention OF solse malicious basybrdy.
IT. On the other hand The pastes who did furnish
the 'astound ding disclosures" received 5000 for M
information, it only serves to show that tbs journal
who saw fit TO publish IL. attached some value 70 th
/ information. | do not think that the company r.
ceyed $500 nom the press for their defence OF tber
own life: IL was not worth the money. tue matte
was neither brilliant, amusing, nor at al, las
/ founding" 10 anybody.
| No dcub, 5000 IL large, even an astounding sun
/ Of money. in the eyes of the Atlantic and Pacific
Ship Canal Company; bat It Ia not so IN the press
/ New York. Thousands have been paid Tor the ex
posure of the swil milk bus,ness. the same monet
invested In the exposure Of Transit nanciering an'
peculation would, believe work an equal benefit q
/ the nation.
now TIE coNfAsy AvPsARsp.
word now in regard ~ the company itself M
/ appeared during my brief transaction with ". pend
ing the paper sale OF the lake and river steam n
| was authorized and requested by W. H. G. Web
ster in Gaze Mr. Vanderbilt did NOT with ~ purchase
\ whirh, nj tie time, that gentleman had good rea
sons OF his own for not doing-to sell the boats =
i any parties who would give a reasonable price TO
/ them. A stakeholder introduced me ~ The Hon
| Joseph l.. White, manager oil the "Cahh Con
| raay" NV interviews with Mr.. White were salts
| factory on both SIDES; he examined M papers