The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-09

that thousands Of honest men have been misled
these by statements" Why will the Independent
stop half way! Why not tell the people what
has become of the money?
Mons. Belly and his Nicaxagua Interoossnlc
Canal Project.
Mons. Belly has taken his departure for I'd
rope, carrying with him his grant for ship
canal across the Isthmus of Nicaragua and an
his hopes for the construction of this great
work.
Before leaving US he took o look at the bulls
and bears of Wall street and the lions Of the
rest of the metropolis; then he went to Wash-
ingtOn, where he reported himself as volun-
teer diplomatist to Gen. Cass, and we hope alse
to Mons. Sartiges the French Minister, who has
been little anxious about him; and finally sent
us, just before embarking, letter, which We
published yesterday, purporting to reveal all his
secrets about the Nicaragua Canal grant He
is particularly solicitous on two points: first, to
impress US with the idea that, Notwithstanding
his abuse Of the American people, which he
wrote before he knew us, he now thinks we are
an intelligent people and have great country.
and that he may become our real friend. The
second point of his solicitude il, to deny all
connection of any kind with Louis Napoleon.
This manifesto of Mons. Belly contains, how
ever, one or two little inaccuracies upon which
we must set him right. He assumes that the
Nicaragua Canal Is a magnificent work,
before which "the genius of the United
States recoiled," and Mons. Belly has
come to its assistance. This Is sheer
nonsense. American engineers have not only
surveyed the route of the canal, but they have
demonstrated its practicability and given esi-
mates of its cost years ago. He tells US chow
necessary and how desperate was the appeal
made by the Central American governments TO
European justice" This is pregnant IN
truth, for it involves two or three fallacies.
The appeal Of Martinez and Mora to the gov
ernments of Europe was neither necessary nor
truthful. If the power of the United States
had not interviewed directly in the Central
American contest-irst, by Captain Davis at
Rivas and second time by Commodore Paul
ding at San Juan del Norte-it is probable that
neither of those governments would now be in
existence. The phrase European justice" is
misnomer: there is no such thing for Mora and
Martinez to appeal to- but they may appeal to
As for the appeal itself, it is based upon false.
hood; and, showing to the world the true cha
racter of those governments, it will ascuredly
work their ruin, for no government can stand
upon palpable lie.
Mons. Belly makes another little. mistake
He claims to shave called the worlds attention
to vital question:" to "have prepared an
shave opened to the legitimate influence of Anne
ricans new roads which were thought closed"
This Is all humbug. The worlds attention has
been called to these subjects long ago, as Mons.
Belly will find when he gets to Europe
with bis little project. Years ago Commodore
Vanderbilt and Joe White got up a magnificent
scheme on this came suhect Zoe White went
TO Central America and performed even more
than Mons Belly has lately done there. Whom
he came home with his big grant and moderate
estimates for an Atlantic and Pacific inter-
oceanic ship canal, he and Commodore Wander
bilt went to Europe to lay the whole thing
before capitalists. But II would not take the
time was not ripe. When they returned homo
the plan was changed, and the Nicaragua Ac-
cessory Transit route was started. For time
this was kept up but Commodore Vanderbilt
found that the old policy, under which he had
made all his fortune, was as applicable to the
Nicaragua route as 1t was to the Hudson river,
Stonington, or any other line of travel. So an
arrangement was made with the parties running
the other line Of communication to California,
by which he was allowed q certain monthly
stipend as long as the Nicaragua route was
closed to travel. This allowance we are in
formed Is still paid, and all the parties imme-
diately interested find 1t more profitable to keep
the Nicaragua Transit route closed than open.
AS for the canal, II is an old idea, that viii
be carried out whenever the time IL ripe, which
Is not yet. The Isthmus of Nicaragua probably
afsrds the best line for its construction, but lis
cost will exceed the estimates of Mons. Belly, "a
well as those of Vanderbilt and Joe White,
which amounted to thirtyone and half mil
lions Of dollars Twice, and perhaps three
times that cum will be required to construct the
work, and the commerce Of our Pacific empire
Is not yet equal TO this expenditure Another
change, too, Is likely soon to come over the
question Of these American transit routes
When that through Tehuantepec is opened, the
Panama interest will not be able to pay tho
price necessary to keep Nicaragua closed, ana
then we shall have three lines competing for the
trade and travel Of the world, which will large
ly reduce the want of canal As Mons. Belly
and Joe White have made clean breast of Il In
regard to Nicaragua, oil we now need is that
Commodore Vanderbilt should do the Same
thing. We might then know something of the
troubles Of transit route grant seeker.
WHAT BECOMES OF THE REVENUES or rHE
Crrf-In view Of the enormous amount of taxal
ton imposed upon the property owners Of this