The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-22

the OF Nicaragua to ntepose obstacles to the
operations Of the company under lie charter and ende
prevent It's fuflment and then cancel the ,seb
bins contract on the ground Of compliance with its
sesnst concIusion in the mind Of tho govern
mert Ct Nicaragua.
pany allow Mr. Belly TO have his way and 10 leave
the Justification Of the opinion Of its eugueers time.
None Belly contract Was signed in May, 1885, but its
ratification by the Legislature Of Nicaragua deferred
TIL this year; and IN order 10 prepare the way for
that Ratification it WAS necessary TO remove from
the statute book Of the republic that oooonous
Of June, 1857, and 1t was accordingly done by
egeatve decree the oath Of March or the present
year, In tie following words:-
"rhe Sebbins Company not having fulfilled ts engage
ments Nicaragua declares the contract made with said
company on the 18th Of june 1857 aud the expan
non exttT and of no value nor effect"
viii LEANED lawyers who asseit that ezpro Uns sst
ground than expresses or that the primary
Of 184y end 1880 are Effected by this decree? The Seb
bins Contract f. decared to be existing, Ia. WHAT
ihet Clearly, the company Ii legally In the condi-
,cn as was before that Ssebbins convection was made
pr sumpg for the take Of the Argument that decree
OF 24h Of March last be allowed remain In for e and
there are good grounds for believing snM Il viii not
The Berry scheme has VIGOROUSLY broken do~n; the
popular tide bss set In sganss him IN Nicaragua his dsu
s,ve promises have faed and the many millions which
sspguine persons in Nicaragua believed would be s,wn
broadcast over the republic have asgumcd the form Of
sops vho fol merly had fai,n IN Monsieur Belly
II time for the old Amer Canal Company 70
como or~Md, and under new directors 70 propose az
honorable Of s deren cs with the govern.
ment OF Nicaragua, which had again empowered Mns.
ter Jerez Of Transit maters Gen Josez met the
propositions Of the company cordially and frspkIy aud
the amended charter Of 9th June the result tnere
clause In the amended charter which insults the
patohal sentiment Of Nicaragua. All the amendments are
the voluntary and we'll censdered acts OF the par
ties. The company have had in view 10 mako
good working contract for Transit route
such as IL long experience has proved 70 be necos
cary but ey have not exacted from Nicaragua conces
siors whch were uselees for tee oompauys interest
and Objects but which are very irritating aod offensive 70
pioe Of Nicaragua a. they exist In the contract OF
1870 Nicaragua accepts the new convention il will be
by tho hst day Of October next or sooner and
ss Inducements Nicaragua 10 do 10 are yerv
there no reason % doubt her acceptance Of IL m Snco
CAGE, when returned with all forstcs then an
then only are the prior contracts cancelled and aa.
pultd II Is expressly supulated however, that tue
contract 20 Only fanued, not returned by the
cay of October rext then the poson Of
end company towards Zach other shall 10 CT acy Toe
copcton 70 all intcnts and purposes az though tue
rev contract had Dot been sigoed proposed.
Unoer the new charter The name Of the company will
be charged TO that CT the Central American
Company OFFICIAL