New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-07

scssioo coners upon the Precedent al the required
p0wers-ss far az Nicaragua IL eoDcerned-fOf the
protection OF the Transit As for the opinion OF the
Senate, there are not three members opposed to IT.
and one Of them is in the interest Of the libusters.
President Buchanan should the treaty be withheld
this session, s now in position to give full pro-
lection to the lives and property OF American ctl-
zens in Nicaragua.
Another runner set ahoat By the agents Of Van.
derbilt here is that the Nlcaraguan Government
have Overbrown the recent charter Of the so-caled
Canal Company limiting their time to the middle
of the present month, and giving the succession to
Vanderbilt. This does not agree IN color or pur-
pose with the rumor set afoat by the same people,
that the veteran millionaire is about to pour his
millions in those bOttomess vessels, the Golfers Of
filhbusterism If Nicaragua has given him char
ter and has cancelled the Canal Compahys"
privilege, then Why call upon the nve.erate Walker
for assistance. Opening Transit line is much
less expensive business without Walker than with
him. and certainly the reputation and responsibility
Of the two enterprises cannot be spoken of in the
same breath.
An intelligent friend who lately held an import
ant Office in one of the present California steamship
lines, has furnished me with few facts which seem
to be the key 10 the Transit controversy. Ii ap-
pears from the statements Of this gentleman that
the combined interests of the Panama Railroad and
the two lines of steamers plying between San Fran
bilt as the owner of several steamers which it is of
course proper and necessary for him to employ To
the best advantage, are paying him large salary
amounting If is said to at least $50 900 month
on condition that he shall not open an opposition
line, but shall allow the monopoly Of the California
business to rest in their hands. Fifty-sx thousand
dollars month is large sum of money; but 10
fact the forbeararcc of Vanderbilt as an owner of
several frst-class steamers, ia worth 10 them at
least million annually. Much more, then, can
they afford to pay him the moderate sum Of tfty-sx
thousand a month TO let them alone.
Now, if these facts can be suhstantisted and my
informants are confident Of their truth Vanderbilt
hos no Intention of opening line through Nicaragua
upon any terms. 1t would, in fact, be unwise aud
wasteiu for him to do So far as his individual n
terests are concerned The interests of California and
of the nation, are, indeed decidedly hostile to those
of the " House of Vanderbilt" and it is grand
sfilictiOn to our friends, the miners Of the West
that they and their families should be 30 cruelty
spopged aud victimized by tremendous steamship
monopoly, merely that the houses of Vanderbilt
and Aspinwall, being rich, may become richer.
BY this fact, if true, we are also able to explain
tie entire Nicaraguan controversy from the begin
Ding, in all its phases. A number of agents are
dispatched every year to Nicaragua to procure con-
tracts for Vanderbilt. These agents have sue
ceeded, up to certain point, in embarrassing and
delaying the operations of the so-caled Canal
Company" who would otherwise have long since
started line between New-York and San Fran
CISCO The agents of Vsnderbilt-ScOtch, English
Irish and Americana motley crowd of desperate
adyenturers gOryng in the large support and moder
ate pay Of the hard old Commodore, work uriOus to
thwart and crcumyent the Canal Company, pre-
tending and even believing, that Vanderbilt wishes
to secure the transit; that he is the only man who
possesses the means and vessels, the energy aud
power necessary to the opening of line. The in-
structiOns to these agents extend only to neg0tla-
ton, and never to the payment of money. If they
draw upon Vanderbilt he repudiaes their drafts, as
in the case of the English agent, Webster, whose
drafts have been twice repudlated by his employer,
the object being not to procure charter or to open
line but solely to embarrass the operations OF the
only Company that has this object in view.
Az long IA tho existing steamship and railroad
line to Caforna-now paying good dividends upon
$50 COO 600 of capital and large fortunes yearly to
its aeents-contnues to pay such immense brides to
prevent opposition, this system will be pursued by
the recipients Of the brides. They have only to
share their enormous profits with those persons who
are able to start Nicaragusn line, and the obec,
is gained.
If Mr. White and his friends have succeeded
against these tremendous obstacles III securing a
treaty and charter from Nicaragua, and the good
will and guarantee Of our own Government they
deserve the thanks of the nation. There is not a
shadow of doubt that # they chose to betray their
trust they could sell out to the existing lines and
retire with handsome sum. do not believe that
they will sacrifice prospective interest and honor for
so poor an alternative. OBSERVER.