The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-31

By the 33slish limo CT steam the coast of
South Ansrca large amounts specie are shipped az
freight England by every , the subsidy granted
the company by the C:leea government on neil con.
tracts is quite remunerA.ive low, mail matter and
specie Will naturally take tia quickest possible rou.s Of
delivery they would seek tina American line.
Steam propelers successfully competing with
sailing vessels the ccrmy Atlantic transportation
Of freight. How muca great would be their in
the waters Of the cAla rNqui Pacific where gallo of
sevc7y is Of occurrence and where tho
pIcSeiDg power of sails is at cartain n0s OF bet little
value glance asthe passages performed by ssch
sails in this ~ be sunce, evidence O. the compa.
| rstye benefits o. steam
If such the casa, that by sis motive power-estina.
ting the saving of time-resgnt bcerred quito
cheapy moderate dstances 10 sailing ships, for
Shipment TO and from this coast is concerned, the
only difficulty IS the high rate Of tariff via the Ishus
| railway. Le& this be rer.oved reduction thereof
made, and transit would be encouraged thereby: han
! Of the United States end this ooas. would Cad its
way to AID fro this road. II freight could be
average ssy s25 per weight gauge measure nent,
the and he exporter w9ld be stimulated ID the
oxeroo Of rade end fairly rezanneraled for an oxpen
Tas drawbacks 70 commercial enterprise in the Pa,ac
the absence Of s1ca facilities "a regular line
&C sfaam communication wclld Afford Give TO our mr
chants here these NEUTRALITY-SUSPICIOUS. thriving COM
erce between the Uatea States and oufseivesand the
troubles and dicrtss WHICH, alas, 60 frequently occur
between the people Of region and government
would The restless portion OF t5 populatioa Soui
be diverted IL thoughtto otner ptrsuh5i WHICH, III thS
result, would advarce tbs interests OF each.
Al, present surrounded by depressing influences, add
without tina! ready commercial communion win our ooao-
Secure the speedy receipt OF malls and mercnandee
the benefits which most Other portions OF ne
globe enjoyand We would reap harvest OF prosperity
and every merchant a. home, having cornec
ton with these localities 80 proissciy rich CHI IN
Give 70 cheap transit for our goods-t matters not
whether by way Of Panama or San Juan del sar-sith
feet propeers dividing blows Of the two great
tguous oceans in peaceful rivalry connecting the fruitful
and productive Indies Of the East aud bringing the marta
of commerce within easy reach and merchants would
IL, .he i lan9. '''S' '"' '''' $50 'p e''
there ia NOT doubt On credit sheet of the aois Of
estimates therefor by stock TO be takenin the con-
many the idea advanced that masters engineers
peents &c should become pecunariy interested therein
az shareholders, and therefore more advanageousy
connected there with The Panama K.Losd Cor eoraton
pIedeng the amount borne on said sheet 81 $50
i and published prospectus now bsore me " s sao-
The statements hereinafter given essbish Tile fact tha.
OF American q an n POI ent v
hitting s q ss Is such an
Then follows Of the natural features OF
4, the coast, aa follows
The natural features o. this coast prssen. sdysntasss 70.
to The of5 , Ssr The sS
ID r. 5 for p it an
for foreign imports Of de-
srpton for large poDulst,.ona o,,o c,r,.~v
an. % : ss
- . series OF islands.
The whole traffic of Necessity seek the sssboard
u point 1t be forwarded Of
fcenly prosatly by means Of steamers ssce tn
Panema Railroad the trade Of the coss has
SANITY rapidly ccreases and only requires additional
e: as os: Ct
q 70 the markets Of the world 10 the Pansma Bail
trade trade, which cannot BE- ntsrered with By any
propo:sd lines q communication between the A'n0 an
70 The formation upon which this proposition based s de
aud the reports OF parties tho
70 roughly copversant with the trade OF the coast
ne nro uoeys the have assurance rom pars
here with trade and from residents on the coaa
Of cordial support subscriptions, 40 well ~ In securn
IN | business for The line.
These are the closing paragraphs Of the printed pAph
4. let quoted above.
The Panama Railroad Company have ior some Time pas
been plying single steamer about four hundred tons
o. between terminus OF its route and the port
~ OF Central America and largely has the com nerce
- % c.?E q le sgssl been iIc-2Nsa se yeaTs ia