Daily national Democrat., 1858-11-27
Trhnnnfrnec Routc.

| tNSi h"A I'ViA'iN"i NN"N"'
TchuRntcpec Route
We have been politely furnished, by Mr.
John H. Jewett, who is acquainted with Mr.
Ogden, the Agent of the Louisiana Tehuante.
pee Company, lately arrived in this State
from New Orleans, with a copy of the Grant
and Charter of this Company. The Grant is
from Ignacio Comonfort. late President of
the Mexican Republic, conceding to the Com
pany in question the privilege of opening an
inter oceanic communication across the 18TH
mus of Tehuantepec, according to certain con-
ditions named. The Company is to establish
communication by water in the navigable
part of the river, Coatzacoalcos, and from the
point where the river ceases to be navigabe
they are to begin the construction of a rail
road. This road is to be commenced within
IS months of the date Of the Grant to wit
the 18th of September 1857, and a length of
26 miles 73t yards is to be finished every
year until the completion. In the meantime,
a good serviceable carriage road is to be kept
in order The Company is to build, within two
years ofthe completion of the road, the moles
d dykes necessary for the line, in the ports of
Coatzacoalcos and Ventosa The Govern.
ment grants to the Company the land neces.
sary for the road the moles and dykes, ware
houses, depots, &C., DC, and, if there be not
sufficient Government land for the purpose.
private property is to be taken, and the pro
prietors Unidentified by the Company. There
are other features of the Grant not necessary
to be mentioned in detail. The privilege is
to last sixty years, during which time the
Government is to receive Is per cent of the
net revenues of the line At the end of sixty
years the Government is to enter into full pos
session of the road The Company is to de-
liver the mails, free of charge, from po' mt to
point and convey, at half price, all Govern
ment products and objects. The transit is to
be free to all nations.
The Charter of the Company is formed un-
der an Act of the Legislature of Louisiana,
and in it the association is denominated the |
Louisiana Tehauntepec Company" The BE-
cond article declares that the Corporation is
for the purpose of constructing a
carriage road from the head of navigation on
Coatzacoalcos river to some point on the Bay .
of Ventosa, in the Pacific Ocean, and of econ |
structing also a railroad from said CCatzacoal- |
COS river to the Bay of Ventosa, according to
the conditions of said grants, known as
the Garay and Sloo grants, and enjoying
and conducting the navigation of said
Coatzacoalcos river according to the terms
and conditions of said grants" The capi
tai stock is set down at Ten Millions of
dollars, divided into shares of 500 each. No |
dividend is to be paid before the railroad is
The six hundred thousand dol
lars" the charter says, advanced by F. p
Faleonnes to the Mexican Government for the
Sloo grant, shall be paid by the Company in
its bonds, on such terms as may be agreed
on, and the Company will reimburse itself
out of the share of the Mexican Government
in the nett profits as provided in said Sloo
grant"
The business ofthe Company is to be CON
lucted at their office in New Orleans. "As
t will be necessary" says the Charter, "to
inter into some arrangements with the Gov
,rnment of Mexico and that of the United
States. Messrs. Emile La Sere and J. p. Ben
amin are hereby made the joint agents of he
Company, with full power to agree with
either or both of said Governments for such
notifications, amendments and changes in
said grants as may seem most judieious for
securing full and perfect protection for the
lights and interests of this Company"
The following subscriptions of stock have
llready been made;