New-York daily tribune., 1858-02-05
,pr,ryr CONDITION or NICARAGUA.
.,o.a.,N. .f Thop TibaDe.

ne two States Of Costa Rica and Nicaragua Tue
hrmer State has ceased 10 be the negohator 'r TN
Transit, the influence Of Cornelius Vanderbilt on 'no
enc side and Of Messrs. GarriseD ard horgan-
,sder the name and 10 the form Of White, S~ooins
4 Co.-oD the other, viii BE- directed uPo" 'n0
Government and Constituent ssemtiyoi Nicaragua
BOW in sessisn at Managus
Hext 10 the selection Of a route i'f fs' W
p,arosd. the opening new Transit line through
f,Snty.l America for the benefit OF the faci'c anu
r..6sorn;s trade, 10 the most important en'erPr!te
- ..y continental commerce.. Its eonsummaton
by one Of these parties may be regafded d. eql'a-
nat TO q final suppression Of hkousterisln. Next
"a the cities Of Rivas and Granada, the Accessory
Trsn,t Company haze been the heaviest losers by
Ne fundamentally Of the flhbusters. Vanderbilt
md hi. people, having been tks declared and active
ssemies Of the buccaneers not through any nice
sorupes Of equity or morality, Of which We are not
gwen to suspect any Of the parties connected with
Transit speculatons, but because they have seen
and felt the evils Of the fhouser system IN all ts
worst eopsequences-may be expected, IN case thei
ssents are successful, 10 oppose, with might ana
main, IN every shape Of resistance the seizure oi
1Ae Istbmus by force or by fraud. Every Admins
1ration will find IL necessary in future to extend lts
aid for the protection of the Transit;
Notwithstanding her suferipgs and losses during
the late war, Nicaragua IS IN condition 10 MAKE
vigorous defense against any hlhbuster lnroads.
Her army consists of an effective force OF 1000
men. one half well armed, the other indidtrently.
Four OF FIVE hundred carry rifles, but the greater
part Of me rifles taken into Nicaragua by the blll-
busters are now in Costa Rica. The natives, dur
ns the last two years, have learned TO prefer that
weapon 10 the oId.fashiOned musket; and when
Ankt kab,n1 harroadaa nae IN effectively. he
Government are about establishing a mandatory
of gunpOwder at Leon, and though il s the inten-
hon OF the Constituent Assembly to reduce the
standing army 10 900 men, this force can be raised
again to 600 or 3, 600 when the defense OF the
country requires it.
The garrison force is to be distributed as follows
Gep Jerez, with 200 men, commands the rlysr at
Fort Castillo until such time as he assumes the
Office of Secretary Of State; 300 posted IN Fort
Ban Carlos, commanding the entrance to the lake;
. garrison of 500 at present occupies Rvas;
400 are at Granada under President Martinez;
there is Of 600 men in Leon. All Of these
are TO be- reduced to one-haf.
II will interest the friends Of Wm. Walker TO
know that Gen. Pnsda offered his services against
She hllbutters ss soon as the Hews OF the late
attempt against Castillo reached San Salvador. The
htter Of Pineda making this offer was dated from
San Miguel. Pneda was one Of the last two or
three respectable natives supposed 10 be IN the
Walker interest, and was included in the amnesty
Of May The Nicaraguan Government saw fiji,
however, 10 decline the offer of Gen. Pineda
Whichever of the two parties in New York-be
Il etebbins, Garrison & Co., or 'Venderblt-suc-
seeds in the pending negotiations with Nicaragua,
will have large sum of money 10 invest before the
Transit line can be put in good condition and reOpened
for the California trade There is at present but
one serviceable boat on San Juan River, the others
having been either sunk or seriously injured. or
the Lake boats, only one is IN condition 10 be used
Before Anderson left Castillo he disabled the
steamer Virgin by causing her cylinder TO be thrown
overheard. The San Carlos remains servlceable,
bot generally in bad order and requiring repairs.
It viii be necessary to place at least four new
steamers. on the line, beside making large repairs
Hpon the Transit road, which i'll some places Is
nearly impossible. The houses at Fort Castillo
having been destroyed new ones must De pullt ior
the accommodation Of passengers. The complete
restoration of the line TO It's pristine cOhdtioh VIII
prove 10 be a tedious and expensive Operatl0n cost
inp SIX months of labor at the least, aud not lar
abort of half million in money. These DRAWBACKS
will be greatly enhanced by the delays incident 70
an Transit negotiations and after the line s opened,
Nv the general dscredt which has fallen upon the
Aicaraguan route az transit for specie ana
for the better class Of passengers. AS
competitor with the Panama Railroad Company,
the Nicaragua Transit will have to depend on low
fares and an unusual degree OF attention 10 the
comfort Of passengers. The passenger business
Alone will not pay its expenses and it will BE- neceS-
sary for the Company to hold out such inducements
as will secure for it at least portion OF the Cali
fornia mails and specie, which will not take that
syay 10 California 80 long there is any fear re-
manning Of new movements on the part OF Wsiker
and his associates OF this there is at present but
little prospect; the affairs of the little hlllouster
are not improved by the paper promises which he
Issues in the South. The mass OF Nicaraguan
paper already issued would fairly submeree the rev.
enues Of that State; and the first act OF lhbuster
government fairly established there would be rcpu
Giation But il is absurd to speculate upon chances
10 remote Four is the devils own number. The
fourth trial always fails. II is past joking, and
ridcule itsefs exhausted with the absutlity.
have forgotten whether mentioned IN my last
letter that Crescente Medina will issue paper money
from his new Costa Rican Bank. Who're there IL
no commerce there no banks; but Costa Rica
has commerce founded upon her large and vaua-
bio coffee crop. Crescente and his friends will ad-
vance money upon this crop aud Its exchanges.
The balance of trade has been hitherto in favor of
Costa Rica. There will he exchange on IIiverpOOl
10 be negotiated-dscOunts 10 coffee growers of
two and three per cent month-On this alone per-
hsps $4,000 of profit.
The Government of Costa Rica will obtain loan
At eighty cents through the influence OF this bank.
Deposits can be made there if the bank becomes
popular, to the extent of million and half or
tw0 millions annually. There is no reason why
aimilsr institution should not be established in
Granada, with branches at Rivss, Leon. and per-
Gaps, for the benefit of Honduras, in Chlneudcga.
have list of fifteen merchants III Granada who,
during the year previous TO the revolution imported
4eV0, 600 worth of English and French goods,
chiefly the former, from Liverpool. This will net,
OF course include the trade Of the Mosquito coast,
nor that OF Realejo or San Juan del Sur. ChOntales
IS capable of exporting about 5000 hides annually.
These would reach New-iork with little manage
aAntA Aka. - e