The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-27
The Nicaragua Canal.

The Independence Of Brussels seems TO take great
interest 10 the Nicaragua canal and carefully chronicles
the doings of the officers Of the company We translate
the following extracts from It's Partisan correspondence;
PARIS April 4 1859.
Cooper arrived there the lst of March, with suite Of
English officers The Colonel called on the Commissioner
Of the Cover and the foreign Consus The Colonel
emphatcay declared that IN taking possession Of the
grant Nicaragua canal, the committee OF directors
acted "a private commercial society," without the initiative
eubvention OF any government; that the Committee
wish 10 accomplish work Of international in
which all pafions invited 70 take part without priv
ge predomnance for any Of them He added that the
North Americans should not take umbrage at this enter
prse the committee OF directors had Aecded that the
citizens Of the United States would be called 70 take part
IN the counsel Of administration with the rights
the French and English He insisted on the point that after
the cashng and the decepons suffered by the Central
legitimate dstrust for well known facts would never
have consented TO treat with the North Americans,
nor even perhaps with the English, for the transit
their territory The concourse OF iuolensve In
required 70 realize work OF dsntereeted
neutrality. Spain could Dot entertain that pretension.
This role Of devoved upon France and this
was understood by Mr. Belly when he signed the liberal
treaty Of Rvas which has conciated al interests and put
end 10 all competitions.
You cannot form an idea Of the importance attached r.
the Nicaragua Canal the Antilles. The CoDsus AMI re
Mr.. Belly, who displayed to them the views OF the CON
mee Of directors for the early construction OF the inter-
national canal He has affirmed that measures have be an
taken that the canal will be opened four years. and
that In the the company was gong TO establish
free transit for the commerce Of all nations across the
Il is on the part of the sthmus situated between the
sapoa aud the Bay Of Salinas that the small railroad for
the provisional transit s 70 pass
II is estimated that the engineers will have finished
their surveys by the end Of June when they will return
10 Europe and decide the plans Of all the details Of the
work. In the meantime the prsonnet remaining 10
Nicaragua will be employed TO prepare the
establishment of the transit the river and
sbus for correspondence OF the oceanic packets OF
the Anglo Amer can Company.
PARIS, April 10, 1859.
The Committee Of Directors have not lost their time
during our recent political agitation; on the contrary
has sIilfny been employees tor the execution Of work
which fortunately cannot suffer from the troubles Of
Europe. Very active debates have, it s said, taken
place between the committee and the contractors
The reciprocal guarantees 10 be stipulated between
the contracting parties II will DO remembered that
before bis departure for America, Mr. Felix Belly
bad urged that part Of the capital should be issued In the
share Of public subscription, he thought himself
gagged on that point Before Introducing the affair TO the
pubic the committee OF directors seemed principally N
The company wish 10 at liberty modify at their
convenience the stpua,ops Of the works by means Of
facutstve clause The contractors Will be obliged 70 per
form the works according the estimates made by tue
engineers Of the company, with proporooafe increase
which would psure the prons OF the centrsc rue
latter will be obliged 10 subscribe part OF the caps
tie extent Of million seriDg so that they WOULD 70
ceive fftbs sh ares and three IN money f coSro
the contractors desire thar the portion OF the capital " De
raid for the works sha be deposited in the Bank OF Eng
land and specially reserved for that ooJec@ us eAeso
has not given rise 70 any contest
norn, a. -, -r,v sor,u rne following resolutions wore