Evening star. [volume] (Washington, D.C.) 1854-1972, 1858-06-26
WASHINGTON NEWS AND GOSSIP.

u
Paris house of Milhaud & Co., with the Central
American Governments, has created no little
futter here among the statesmen outside of the
Government and the spectators who have dab
bled in Central American Operations Never
theless, the Government seem to be as cool as
cucunbers concerningit. This is evidently the
result of the fact that they the Government) are
well aware that Belly's scheme is mere moon
shine, and also that the Government of France
is too wise to seek to engender a war with the
United States that must result in the inevitable
reduction of most, if not all, the Central Ameri-
can States under the authority of the United
States, as completely as Texas and California
have become Ours-a war out of which France
can in no event reap more than hard knocks,
however much she may damage us in the course
of its prosecution. The contract Of Belly, though
providing for the protection of the French con-
tractors in their privileges by their own Gov
eminent, is as yet wholly without official and
ayowed French Government sanction
The London Times scouts the idea that Louis
Napoleon will assume it; because, while nothing
of the least advantage to France can grow out
OF 1t, much to the detriment of his Government
and the French nation, must result from it.
The Times sees in such policy on his part
direct and palpable interference in our affairs
at our own doors, to affect them injurious,y,
which, it sensibly predicts, will be instant Y
and effectually resisted by the Government Of
the United States. Not long since, we stated
the substance of the instructions W hich we have
every reason to believe left the State Depart
ment to go to Nicaragua by the steamer of the
9TH inst, the receipt of which, by Martinez
will surely prick the Belly bubble. lave.
subsequently had no reason whatever, to doubt
that the President has taken every proper
measure to vindicate our national rights and
interest In Nicaragua, as intrigued against BY
this agent of company of French spectators,
and do not believe that Belly and his contract
are destined to prove more than nine davis
wonder. =
While our confidence in the remarkable en-
phasis and promptness of President Buchanan
In the protection of American rights eyery
where is the basis on which we come to this
conclusion, the sweeping impract,ability-
nay, utter absurdity--of Belly's scheme salts
mes US that the French Government will be
10th, indeed, to quarrel with the United States
over it.
In recent article, the Philadelphia Ledper
most efectually exposes it, SO that no man with
money, INT to remain outside of luna tic ASYLUM.
would touch it. We quote that article, as fol-
lows: .-....-. -...
Nj BELLY AND THE INTKR-oCEANIc CANAL
There is certain degree of sensitiveness i'm re-
gard to all our relations with foreign nations that
Inanlfests fdr-seeing and creditabIe patriotism .
confess, d at in
Belly's mission to Central America. we have
been alarmed quite too soon Our late Enolish
aoVlces snow tnat In London the matter has been
considered much more cOOly, and with better
information; and, therefore, the whole tbiny ia
regarded by the London Times as comnlefelv
lmPractlcahle The most that can DE antici.
Pa'ed Is, That those Frenchmen who yield to the
idea, and invest their fortune in it, viii lose their
money. 'AS'
From the copy Of the Convention, which is civ.
en- in the London Times, il is clear that how
ever deeply the French Government NAV he ,t
the bottom of this movement IL has no moe CON
Germ in it directly and ostensibly except for III.
purposes OF protecting the Interests of it's own
SUBJECTS, than the Government of the United
states have in any other project in which the
tights OF its citizens are concerned
The rench right of selfprotecton on the river
san Juan and Lake Nicaragua, tviI form, n rnl-
NabIe precedent for us to claim the sam, y;ebt
The treaty is, osensibly, simply one between IN.
mousse Of Willard i Co, of Paris, and the govern
ments through which the line of com muncation
must pass.
As for the ship canal project, large enough for
Two ships abreast, 1t is simply ridiculous The
time-six years from this date-woud be too
snort 10 raise the money in France for sucn a pro-
lect, without government aid, much les, to ex
Pend IT, III the money is raised il must be in
London, on the Stock Exchange, and not on the
Paris BouTse.
But how is II 10 be raised in London There
Inc hrst question will be how much is the work
10 cost, aud how is ii TO be made to paw, The
cost cannot be less than ten and will he fifteen
SteTlinO no int.
nve per cent, would be three millions seven
hundred and fifty thousand dollars Allow for
the cost of management and repairs at least a.
much more and the canal must be made to vi-Id
seven millions and q half of dollars annualIy 10
lore It's stock will sell at par 1t must Weld more
IMAM ten millions before il will command pre
mum That Is TO say, there would have to mass
through the canal five Thousand vessels wear,
paying each two thousand dollars toll The
whole year round the canal must paw night and
day, more than one Thousand dollars an hour
from the vessels passing through before IL will
oe worth while for Lombard street to take hold
of It, ' Aoiu
The English will Of course be jealous Of it, as
eAciusiVeIy under rench protection, and there is
no doubt that if the capital got into foreign hands
ana began to pay, the French would make that
protection costly enough. IL double or treble
rates were levied on this route still il is cnIt
10 see where enough shi ps would come from maj
could pay 1t. And so soon as the toll became too
high, vessels wouId nrefar IN 40 ,n,,.a on ~ '"o
Horn yum" W NdPe
l.
glory, and all the dividend il ever nays will hs
IN glory and that hope deferred which makes The
heat SICK or else il will have come out of some
guarantee OF the French government. The thing
therefore, must and will prove impTacticabIe
Indeed, the whole of the bluster and talk of Al
Belly was probably rather for the purpose of yet
tins the supposed diplomatic advantage and
10Y OF nominal treaty of this kind before the
United States rather than with any real idea that
the project could be carried through in the time
and by the means specified.
The CONTEST FOR THE OPPOSITION NosrSI-
TON IN 1S60.-The New York Herald sbrew,1-
ly suspects that the late meeting to inausurate
a new party, that took place at Dover, Del.
was designed for the benefit of Senator Crit.
tenden's Presidential aspirations The Her.
aid is correct The fact is we'll known to the
initiated here. The truth is, the canvass in
favor of Senator Crittenden's nomination for
the Presidency, by the opposition, has already
opened with vigor. A large number of lead.
ing opposition politicians of Congress and ont
OF 1t are actively engaged in it, among them
m nj he ID