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

Only the rich who are well informed even in regard
~ their own Affairs Mr. Whites representations to
% were merely brilliant brilliant flowers Of rhetoric 4
turned periods had been q dollar and some
o hers would now be well of in the
world; but alas for our creduty We are not.
Tor bis lavish and abandoned lberalty I do not
bl. me him. Vulgar people pay ia mnney--poets
ara politicians IN promses Each gives what he
h,s- IL expect more IL unjust
t.w weeks after the signing OF my paper con-
troct !. ,I, he company Webster returned with va
lualle psuers end important powers from the 60
veynmens of Nj, aragua and Costa Rlca. HIS opinion
of the canal coml ANY had then become what mine
is now. II was inn rossbe 'or MN 10 complete .ne
days. l. being still n nder the magnetic deusons OF
",he mpapy was A 'sgusted with this proceeding,
ana enter tanned sharp snsplcion, strengthened ~
credible information" hat he was connsving with
Vanderbilt whose pohey it had been to keep the
Transit closed. had not then seen the act OF In
corporation nor variety ~ other Interesting docu
mcnts Soon we arrived ut ~ better unders!andlng'
found Chat il was clearly ira Dossble Tor the COM
pany" 10 consummass with Webster. or webster
with the company; for though, Webster had more
money than the compaaY-at le ast szoo-they were
ucithtr ut them rich enough to .pen the Transit or
lena 500, 600 to Nicaragua II ns there that the
shoe piDched- We OF course drol 'peo the contra;t
with the COMPANY. The condition .oi the companys
interest as he LETT 1t in Nicaragua WAS deporabIe
To use u homeIY phrase, cit had nO Backbone In
fact. Webster had cut out any growing points or
spcula@ of bone there might have been ia Il. hhad
nothing strong ia it except the colloausai powers
OF MIR. White
! am well satisfied that Vanderbilt saw reason to
change his views in regard TO the Nicaragua
Transit. The precise nature OF the change II
is not my business to guess ut. ! dd tD.
he went last to Nicaragua in company with Mr.
Allen. He did not leave his papers in my charge:
l am not responsible Tor the publication OF any OF
them II they isjure the Canal Company it ~ the
fortune of war The ever vigilant press of New
York will fiud aud publish all new and astounding
facts. Transit charters, like Chinese juggiers, disp
pear each down the throat OF its SUCCESSOR fne
piees merely notes the disappearance Oh each ana
The public laugh heartily. -,
vanderbit's operations. whatever else may be said
Of them, have "a backbone. II 1t Is true, az as
serted BY the press he has sent money to Nicaragua
he will have the Transit IL il were only BECAUSE he
is the only contractor VINO has sent money. IL Will
strike tie natives with astoulshment can TESTIFY
from Icing acquaintance with the rise and iali ol
Transit charters, that failure to pay Is the CAUSE OF
their melting away Ia the extraordinary and iut-
crous style that has amused the pubic 50 long |
Charters not paid for fond de'usoo; proe 'ted
drafts and extensions work upon them Ike fapn |
poison.
The attack Of the company upon me IL pointed |
Invitation Ia examine the present condition OF their
charter; but the weather is rather WARM tat Shs
Wriung) for n post mortem dissection, leave IT Tor
another time. word and have done. Won oS |
"a idtm-you cannot do the same thing twice; you |
cannot eonure a second "Accesslry Transit Com.
pany" ont of the same old humhug ~ canal |
charter" JAMEs d. WHELrLEY.
POSTSCRIPT
If the company il Sin fourishng condition, |
With good charter steamers money &c, its stock
must be of some considerable value. My own nre |
rest in the concern being limited at present 20 the
uwnership III one canal right (ol 100 -hares) OF
ehich the value is $4,000 shall depo-it that on
Tuesday, July g. ut the Office OF the Messrs Holly,
brokers' No Nassau street to be sold 10y thein to
any person VINO will pmy, In cash. seven per cent OF
It's par value. N wilreman three days IN their pos
session il not sooner sold to be disposed OF at that
price.