New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-25
the Isthmus. Miramon thinks the possession Of the


at which some very violent measures were spoken Of
and some very absurd resolutions proposed. The
whole matter ended in delegation to Mr.. Allen to
ask for money and the delegates, believe, went
away satisfied that they were on the wrong track.
Mr.. Allen agreed to give the complainants the best
settlement he had in the house, but as to paying
them their demands in money, he could not think Of
it. He offered to let them take whatever Of goods
or groceries he had in his store, at the lowest prices
and that was all he could do, for the money not
in the country. great deal of this Indignation has
been raised by parties who neither care for the Com
pany nor hold claims against it, but who simply de-
sire to do some advising and little drinking. Idle
is the mother Of most of it, and hope to see it
blow over in week, when some other matter comes
up for discussion.
The Indianola did not arrive at the time she was
expected, and many speculatons gained currency as
to her intentions in advertising for this place, when
she could not find pound Of freight or single pas
senger The public do not go much on propelers at
present, and think the Indianola had better keep
her engagement at Tampico, where the voyage does
not require speed.
Suspension of the Iehuantepec Company-Seizure
Of the Property-Ihe United States Consul 1p-
pointed Receiuer-7he Line still Intact-Hope for
the Future-Ihe Old C0mpany Proposee to Sell
Out-General Remarks.
Special to the New Orleans Crescent
MINAT1TLAN, June 1s, 1859.
Eds. Crescent: Ny letter per Suffolk, il you
have received it, has doubt posted you fully in all
the most important matters of local interest on this
Isthmus. The schooner Lanfair which arrived here
from New Orleans after the departure of the schooner
Suffolk, in six days running time, making the trip
from bar to bar in four days and eight hours brought
news confirming the sad intelligence of the disas-
trous eventualties of the Tehuantepec Company and
on the night of the 18th, the VIM. H. Webb brought
US all the particulars, as far as such items can be
gathered from corporation which is in doubtful
condition Of permanency. As matter of course, we
know nothing positive, but the most damaging con-
sruction is put upon the silence of the public press
of New Orleans, and the failure of the company to
make some arrangement to save its credit here for
had it not been for the proptness Of Mr.. Allen and
his peculiar knowledge of Mexican law and Mex ican
character, doubt very much if the last mail would
have ever passed up the river from Minatan. Ma ny
of the employees of the company we're in great ex.
citement, and threats of lawsuits were heard all
sides. The property of the company was lying here
and there the Isthmus and in the disorganza tion
of suspension, when everybody was idle, the wreck
would have been most disastrous, if person had
not stepped forward as Mr. Allen did, to save it from
seizure and to protect the integrity of the route AS
it is the transit is still complete the mail co ntract
will meet with failure at this point of the line the
property will be preserved, and but for the absen &C
OF a few workmen, and the want of little money tc
silence grumblers no one here would know that the
Tehuantepec Company was bankrupt.
All this is the work of the agent here, and mu ST
confess that it is labor which few men would OF
could have undertaken with anylprospect of success
Mr.. Allen has sacrificed his own interest in every par
tcuar, has subjected himself to the i'll will of all tn
rabid creditors Of the company, for the time being
aud has besides incurred responsibilities which will
seriously embarrass him unless the present difficult.
at the fountainhead is arranged promptly and the ne
cessary financial aid is sent forward to this place. Tn
attachment granted on the effects Of the compan.
here was not intended as permanent one, but smpl
as q means to stave off numerous seizures and law
suits at the hands of other creditors, and such
will work its way effectuay until the Board of Di
rectors can make some better arrangement than tha
which has just caused SO much disaster.
The company is not under any very great debt on
the Isthmus and its property, if it could be IT
ed into cash, would pay it all but unfortunatel
there is no money here and therefore, If any sale
, made, it will be at an immense sacrifice. There ha
been considerable money spent hereabouts, and unde
judcious management great saving can be effected
but this must be done by the Topping off of numbe
of useless officials along the line Of the route and sui
jectng the whole arrangement here to some energet
man. who will attend to his business and who wi
make the employees of the company attend to their
Fewer talking men and more workers will not onl
reduce the expenses, but will add greatly to the con
l fort and precision of the route.
q The particulars of the attachment against th
propertyofthe company here as are follows Mr.. ALE
seized all the effects belonging to the company th
5 line between Minatitlan and Ventosa, in the name
. the house of Welsh & Allen, for a debt due to til
d house, and in answer the Judge of First Instane
t grants the attachment and appoints A. G. Allen, I
t S. Consul receiver, with orders to protect the pro-
erty and make such settlement as he finds possib
), with the creditors The order of the Court has bee
transmitted to the Judge Of First Instance in Tehua
tepec, and Mr.. Allen has appointed Wm H. Sidel ge
If era superintendent of the company, the receiver
l. all the property between suchil and yentosa. The
proceedings thus put all the property under the
r, reetion and saekeeping of the u s. Consul at th
place. for two purposes first to protect tue nteres
Of the company and to preserve the creditors from o
" by reckless seizure and useless litigation and viii
there is much complaint and more threats, it is us
IS less for people to fight against the regular process
e law particularly when it is as summariy enforced
" it is in Mexico.
In the midst of oil this confusion, understand th
t the company has applied to the Mexican Cover
t. ment for permission to ALLEVIATE its grants and PIT
r cases to other parties and that it is likely the
al mission will be granted such terms will protet
h the present creditors and ensure permanence to Il
u route. The necessity for some such arrangement
will endow the enterprise with capital is abs
utely necessary and it is to be hoped that no set
spectators will enter into the purchase for the rou
d needs to be freed from all doubtful auspices in t
a. future. The public press of New Orleans owe de
1t to their own community, and particularly to t
South, to see that the Tehuantepec route shall ps
H. into hands financially and morally pledged to its Co
70 petion according to the Mexican understanding.
e. shall regret much to see it pass out of the hands
the present company for it has been conducted egi
mately while in its present management. True the
of has been lack of money but there has been firm
sisence of principle in the company in its endeayt
ly to make the enterprise beneficial to New Orleans
ht to the South and in repellng all efforts to make tt
Ill route an appanage to the Panama monopoly. I
rs fight has been we'll and sterny contested, in the fa
of great temptation; aud most of the present
asters can be traced to that independent and puc