Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1859-02-23
From tho Paris Presse, Jan. 25.
Tho Nicaragua Canal.

Tho Nicaragua Canal.
OrynW.afioa Of The French EnterTrise-fhe
Enty Completion Of The Hork Probable. This en-.
tcrprise moves with gigantic strides toward defn.
it,ve solution We may draw that inference from
the following details, which We borrow. in the
present instance, from tho Independence Beige,
which records with great accuracy the various
phases OF tho scheme. Tho Independence, in its
letter OF yesterday, has tho following:
since the fusion of the divergent opinions in
the Organic Committee. relative to the issue of
shares the enterprise appears 10 advance with
unity toward it's final contamination. The Com
m'ttee SITS morning and evening Its chief occu-
patton OF late has been the assignment Of shares TO
parties offering the best guarantees for their prom
or employment, in order to prevent the frequent
oscillations which affect sccuritse too widely dis
semmnated.
The idea that first obtained was favorable to the
creation shares of nristocratic Dimensions as of
o,doO francs mud Of 900 francs But ns IL has
slnco been determined that portion uf the capital
shall he open TO public subscription. the more
prnet'eabl" home # issuing shares of 500 francs
seems ~ j ." been selected
Am 9 lie various combinations which nave
been ''ntl IN this connection. two erou aerear
To hn' 'al'iaut'al existence The first of these
nay 'J1''d 'he shipping interest. composed of
tng'r a#| 3ueriean merchants Offering to par
t,rlpn' i#lH eStont of ~ 900 600 francs. or one
'h'fd Il" II Na"e capita Another group. con.
'''''"S w 80 t'Sh hHHhCicrs, HirehuA interested
III tho grcUi =.iroad lines of tho continent, arc
wiling TO ihee the entire work upon their own
shoulders This group, styled tho contractors be-
cause b"Ina il stand the great creators Of public
works, wht Ilcdgc themselves 10 complete the
canal under forfeiture, within ixci period. aud
lor liked sum, seems to be that which offers tho
most ndN aatagr'. Upon their basis tho engineers
ot the 4 tmpan}, Who will be drawn from the corps
of Points ct ChAassees and of Mines, will have no
other task than % arrnnge the scale ofcharges and
to oversee the work.
II s ,mp"ssbo To say which Of theso eou,bna-
iions will succeed But the eagorness of the Eng
lish 10 "ngress an enterprise cxcitinr so liyeiy
eompcion may be explained by reference TO tho
highly protective attitude which their Government
IN concert with 'hnt ol the United ST. s. Nv tho
clnytomBulwer Treaty. has assume, II the safe
ty and S"'9nnico of the capital omiloyed in the
entcrl Of n Nicaragua Canal
The presence lthe Pressc nlercaluics) of four
Engl'l mon oi.war in the wators If Nicaragua
eon'ii ~ what the h.iepeniance hrro says in sye-
rv pat Wo arc NJ we'll aware IA the Bel
gan urnn oi the, not pa,fhi, bat '5'}, rropo-
sltion which thrcc dnys ago wn5 ma. d, li.c Or
gnnio Committee by company Of British, contraa.
tors. In consideration of tho immediate transfer
t" them # the whole number of shares. they COM
tract substantially to open the gates OF tho canal
within three years. but We aro too we'll acq,iant-
cd with the prudence Of the members Of the Or
ganic Committee to permit to believe for n mo-
mcnt that they will accepta proposition of this
nature without preliminary examination. Ton
many nations Interested in the success of this
enterprise To Justify tho sacrifice without return
OF that eminontly international character which
shon' above all things characterize il and such
VIC feel authorized to assert is the @ell leined
opinion pla majority of the member f the Or
ganic Committee.
"P.risan inonccrs." adis tho hl}4pendanc>.
'secn 10 be waiting upon the extei ion of French
tD rDp pstr nf I'm Inv ths,
adhesion ut the Government TO tho Clayton.l}ul-
wcr Treaty; but tho business may very well he
done without tlrir cooperation, IT, we are as
sured, t1c Organic Committee propose to surren-
dor the wo.A to tho English by IL combination in
which France and America will play only u sec.
ondars part Sneh appears to be the actual d-
recton oithc wind that blows over thr Nicaragua
Canal
NJ. Belly who, as have told YOU is to be tho
Diroctor-tienoral of tho Canal and tho represen-
tative OF tho Society in America; is about to leave
with an advance party of about seventy persons.
steamer for this object will be chartered, espe-
clally, from Southampton. to proceed directly to
Nicaragua; and, in connection with another steam
or, will constitute the service Of u temporary line
on account Of the Canal Company, until the es.
tablishncnt Of \ direct line Of packets shall con.
meet San Juan with Europe.
The departure of M. Belly is fixed, we are told,
for Feb. 10 Six engineers of the Pous ct Chaus-
secs and Of the Mines assisted by proper num-
Der OF subordinates, are to accompany M. Belly
in his first party, and his General Secretary will
be former Plenipotentary of France in Amer
ca. shall cpttinus to inform you of all that |
loarn Of the enterprise, which excitcs lively iu-
terest here ms II ~ in England and which has
secure thc synpa'hy Of the American colony in
Paris, inco 1t has bcen shown that there is no at
tempt sccurcin it the predominance Of Ffaa.c.'
We nay add, that the day before yes .-iHy,
very exp'ic' o'ers were made to the Organic
Committee tHr the installation of special trans
atlantic line. tho monopoly of which will be pur-
chased at high price. is curious that France
whose national lag has not thus far 1oated in the
waters of Nicar qua, should take the nitiatiyein
this enterprise. As wo have stated meeting of
English capitalists will take place shortly at
Paris; and we have reason to believe that the quos-
tion Of Internationally will be perfectly main
tanned, the difficulty of conclusive understand
ing involving only secondary questions Of prepon-
derance or influence, which will he earsily set
tied.