The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-24

miles, which can be built ia three wears for
twelve millions of dollars. The Tehuantepcc
reute is reported practicable for joint rail and
water transit Of about I7e miles, capable of
being opened ia FIVE years at a cost of ten mil
lions of dollars. Judging by experience in the
construction of the Panama railroad, aud other
similar works in the tropics, we may well sup.
pose that the Honduras and Tehuantepec routes
are under estimated, both in money and time
But taking these routes OF their own estimates
and that Of Panama at its actual cost, there is
still left margin of many millions in favor Of
that OF Nicaragua Here we have then, both the
object and the future means Of the Walker move
ment.
Its allies, we think, can he traced with equal
distinctness. For the reasons above given the
possession of the Nicaragua route has always
been tavOrite object with our steamship com-
modores. When the Quitman Cuba expedition
was broken up, in the spring of 1856, the Ncara-
qua 6libuster movement was planned ard car
ried ont, with the expectation Of drawing into il
the enterprising and adventurous elements that
Gen. Qnitman had called out and concentrated.
1t was from its inception a stockjobbiug move
ment on the part of certain of the steamship
commodores. The Nicaragua Trassit was at
that time in possession principally of Commc-
dore Vanderbilt; Commodore Morgan and Com
modore Garrison holding minor interests in it,
The last named fitted out Walker with his cele-
brated ffty-sx followers, from San Francisco,
and sent them by sailing vessel to Nicaragua,
giving recruits afterwards free passages in the
steamers from California to San Juan del Sur
Not long after Walkers first success, large sales
Of Nicaragua Accessory Trans: Company stock
were made in Wall street for future delivery
and it was evident that big bear was at work.
Vanderbilt confident in his ability to sustain the
stock, was large purchaser. The next steamer
brought the news that President Rivas had con
fiscated the property and annulled the grant of
the Accessory Transit Company, and the sue
ceeding one, that q new grant of the property
and privilege had been made to al agent of
Commodore Garrison. Then it leaked out that
Commodore Morgan had made, and Commodore
Vanderbilt had lost, several hundred thousands
Of dollars in Accessory Transit Company stock
operations.
From this time commenced the war of the
Commodores, which continued through all tue
Walker 6gbt ard the long diplomatic contest
chat succeeded bis overthrow. His expulsion from
Nicaragua was due, in fact, to the constant and
great efforts of Commodore Vanderbilt against
him, and to his abandonment by Commodores
Morgan and Garrison, after Vanderbilts agent
Spencer, had taken the Transit route from him.
rather than to the efforts of the allied natives
IndeeS, it has been admitted by President Mora,
Of Costa RIGA, THAI Notwithstanding Walkers
straits at Rivas, the allied forces would soon
have bad to give up the siege had not Captain
Davis, Of the st. Marys, interfered just "a he
did. Since that time the Commodores have all
been routed in Nicaragua, and the government
Of that republic is endeavoriDg to keep them all
out Common disaster has led them to make
peace among themselves, and some time since
Commodore Garrison transferred bis flag to the
Paci6c, leaving the Atlantic ocean aud CARR
bean sea to Commodore Vanderbilt-botb of
them respecting the rights of Commodore Nor
gan In the Gulf of Mexico where his flag is
borne by the Texas and Vera Cruz steamship
lines
For some time past the first two have been
running feeble opposition, With perhaps little
stOckjobbing, to the Pacific Mail Company
monopoly. This sudden appearance of Walker,
with three hundred men, on board Of one of their
heetest steamships, at Acapulco, has an ominous
look. She may have put in there to coal; for if
he lands in Nicaragua she will have no chance
70 DO 20 for the return voyage. Nicaragua itself
is exhausted, and will hardly he able to resist
oiin with even three hundred men No small
portion OF the people, particularly in the norte-
ern section, hate their present government aud
All OF them are willing to obey any successful
ruler rather than incur the sacrifices necessary
for resistance The imbecility of Congress in
refusing to grant the necessary powers to the
President, and the nonentity of our diplomatic
representation 10 Central America, leave the
field clear there. The bursting of the Fraser
River bubble has carried back to California
tnousands OF ruined aud reckless adveatarers
giving abundant material to new alliance be
tween the fjibusters and the Commodores. The
long outraged interests OF California will be dis
posed to look with complaisance on any effort
to open the long closed Nicaragua route.
Such are the elements that combine to favor
new raid upon Nicaragua Its Transit route Of
iers prize worth millions of dollars in cash
and saving of years in the time required for
opening new route. One million Of dollars
backed by the good will Of The people of Califor-
Mia, will suffice to CONNER the tarr;fnru ana
erect q new Indian empire. The Cornmodores
are able, wealthy and not over scrupulous men
Inc hilbusters are an intelligent, active and
enterprlslng class of citizens, capable of giving
trouble 10 any and every government. A com
blnation OF all these will give the administration
much to do, and impose upon it the necessity Of
prompt and energetic action. Even then it may
be defeated in it's efforts to perform our rational
duties towards Nicaragua, if it is not represented