The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-04
Our 81. Thomas Correspondence.


81 THOMAS, June H. 1858.
Effect of the Revolution in Venesuea-Rise in the Stocks
Railways Proposed- Universal Endorsement and Appro-
boion of General Paez-I Identical Interess Of s. Thomas
and Vesesneia WHAT Brother Jonathan Might DO, dc.
The news Of the popular movement which came off in
Venezuela the 9th Of March last and the consequent
ssnaton Of President Monagas days later say the
18TH Of same month"; joyfuy received In Europe but
nowhere with such intense satisfaction 10 the me-
ropols Of Great Britain (quits natural the interest the
British have In the welfare of that country causing
rise and upward tendency in the stocks OF
Venezuela which for years past have been greatly
deprecated - 10 remain perfectly torpid ruaous rate
70 the unfortunate bondhoders Insassble in the appro
praon Of the public funds for the uses OF this chief msgs
trste president Monagas), his family and few favored
Satellites greater proof could be sdduced Of his
thnessfor ruling the destniss ofhis country despcsb
rspacious and arbitrary In his acts when placed In ux
position with the prosperous and happy condition 10 which
be took the direction OF sfsrs from his predecessor,
the ustrous and patriotic General Pssz whose rule
stany cd 10 the dignity aad prosperity OF his
try than the universal joy and unanimous acquiesceuce Of
all parties and Glasses In that republic from the confines
70 the centre, without solitary isstsuce disorder.
Inquiries Of very anmated nature have been preferred
by capitalists Of London 10 their Ia the
leland OF ST. Thomas, to the probability OF establishing
railways in Venezuela the advent 10 OF the man
Who 30 justly acquired the title from his country OF the
Enlightensd Cnzen their knowledge OF his rule being
based principles justice order and good faith having
given such unequvoca proof OF that end In his former
periods OF rule added 70 his experience during long
ordeal OF adverse and exed contemplation or the unhappy
dapdaed and retrogade state OF veDtznea rae sacri
fees, both personal end pecunary which he made to
emedy these evils places him in the foremost rank OF
pstot and worthy recorded letters Of gold, aud
inspires this moneyed sovereign with unbounded cona-
dence he again be appointed chief ofthe republic
The commerce OF st rhomss, intimately Connected by
its proximity TO Venezuela Is decidedly inclined to favor
the development Of tina. country by taking interest In the
projected res Of railway particularly the most pro-
minent having for object the connecting of the valleys
OF with Porto Cabello opening wide extent ofterr
tory Of the most fertile nature and Astounding in the most
valuable tropical products As in addition 10 the expected
pecunay advantages To be derived from these enterprises
per IL holds out fair prospect Of extending business
with the interior Of Venezuela and peurazng great
he late policy of Spain respect the island
or Porto Rico which for long period has been trading
Gas Spain has lately done) deereuta duty of seventeen
percent direct porAtions from Europe tending to
tail business between the two Islands to the special ad
vantage OF very limited few, and TO the derment OF
the majority OF the community OF P,rto Rico the
consequence will result that the anages Afforded bv
the capitalists OF ST. Thomas will be diverted into
other channels II is not unlikely that sapent legsa
tors Of the remnant of the glorious monarchy OF Charles
the Fifth have the settlement OF foreign
pasts in Porto Rico without re1sctpg that such
Summation Incompatible with the bgotet policy OF
federation Of religious faith emanxtpg from the dogma OF
"a OF the spanards Ia general to The oux set
Element and competition OF foreigners uHsteeped 10 their
prejudces and superstition.
II is currently rumored that the proposal Of Unce Sam
to the Danish for the Of the island
OF st Thomas best and positions
their navy tine Antilles s again the taps and that
the Of Denmark Is we'll inclined 10 entertain
the crpcsa OF the same as In TACT that Island being
free port, and having no iuornstiona resources, Is
rather charge than benef, - her national Golfers.
Brother Jonathan, with keen appreciation of national
interest and pretty wide awake to in the pros
pectvs once in possession OF St. Thomas, would find lit
tie difficulty in posessDg himself OF Porto Rico at any
given Domert When We consider thu. the soaring and
powerful eagle only four hours distant to wind by
steamer would In the event Of the acquisition actually
bold within Its grasp the emerald Of Queen Isabela's
crown, stepping stone to the magnificent "Koh l.
moor great diamond In the diadem, those $40
important and productive Islands motaphoricay
sty led. Revertng again 10 Venezuela, where the ST.
Thomas merchants concentrating their views
we must pause awhile in opinion TO the
stability Of the politics of that country and consequently
the tranquility necessary TO the development OF her
resources confidence aad enterprise which primor
dsl thereto, until the nnsi settlement by the
grand convention convened for July next nor shall We
entertain the remotest fear for the progress and
ration of that country should the SURFACES Of s citizens
for such the lusious Paez and the ntiA
Of the revolution Of the 9th Of March, considering
m surest guarantees OF order progress,