, 1863-08-12
The Nicaragua Ship Canal to be
Recommended under the Auspices
and Patronage Of Napoleon.

Recommended under the Auspices
and Patronage Of Napoleon.
Correspondence Of N. 7. journal Of Commerce.
CnHESpEaA, NICARAGUA, July II, 1868.
did not suppose when wrote you, by the
last steamer, regarding the new Ship Cana
project, that plrties we're so soon to be OF
the ground with the object of commencing
the preliminary measures towards carryine
the grand scheme into execution.
The steamer Guatemala brought As passen
gers on the last trip from Panama, Mr. Ed
ward Loos, one Of the directors Of the new
Ship Canal Company, which has recently beer
organized in England and F:anee, (and which
s350, ,00Q) and the chief engineer Of the com
pany, Mr. James Samuel.
Since their arrival, staff OF assistant engi
neers, numbering SIX persons, who came vi;
San Junn del Norte, has Joined hfr. Samuel
and careful examination Of the route sur:
speedily as possible. It Is not supposed that
there will be any great deviation from tue
the PacitIc, may be changed, and the Esterc
Real, which empties into the Bay Of Fonseca
made the terminus on this side Of the 18th
mus: This Estsro heads within fifteen o.
eighteen miles of Lake Manogua, and Is navi
gable for some distance for vessels Of 500 tons
barthen. Mr, Samuel, aud his corps of engi
neers, will leave to-day to make reconuoIs.
sance Of Tint route.
Mr.. 1oos Is commissioned, on the part oi
the directors, to ask Of the government Of
Nicaragua, some notifications In the charter,
tending to some military duties, considered
the subject Of such vast Importance, that he
has summoned all the ministers Of the gov
eminent to CA1nendega, for the purpose Of
considering the matter immediately.
Mr. Loos is also empowered By the compa-
ny to make sufficient loan to the govern
ment Of Nicaragua to meet all its foreign in
debtedness.
Really, there appears something tangible In
this new moyement-somethlng solid, giving
evidence that there Is no humbug about it.
Besides, Louis Napoleon has taken the matter
in hand, and he informed MessEB. Loos and
Samuel, before they departed from Paris, that
this great enterprise had bis best wishes that
lie wonld give It sverY support and protection
yorable, he would place at the head Of the
company, as President, Prince Murat.
The following is q brief synopsis Of the pros
pectus of the company. ills called !" The At
lantic and Pacific International Ship Company,
under the patronage and support Of the great
maritime powers."
Capital e2, ,5C0, 900, in 5000 shares Of eco
each, and 10, coo debentures Of a100 each.
Directo1s-Admiral the Hon. Geo. Elliott, R.N.
Jno. Harvey Lewis, Esq II. P; james Cumming,
Esq, Of MeesEs; Cumming, Beate & Co, London;
de
Mona Edward Loos, Paris.
Banke!scThe I c9asolidated Bank, London; stot-
Engineers-James Samuel. II. Int, c.E., FIR.
IS; London; Edwin Clark, II. Inst, c.E., FRA.
The company has exclusive privileges, with
required In the construction Of the canal;
likewise, . grant in perpetuity Of the Govern
ment, and nnoccupied lands to tho extent Of
2H miles On either side of the canal through
ont its entire course, together about 750. coo
acfes, with power to sell, lease OF otherwise
dispose Of them
The company have nine YenTs to complete
the canal from the date Of its charter.
The charter extends for ninety nine years
after that, the canal reverts to Costa Rica and
Nicaragua.
The ports Of ths cana1 are made free po1ts
forever, and all ships, or goods, or persons IN
transit, Of any nation WhateVer, are only
liable for the payment Of the company's tariff.
The protection of the company Is EuaEan.
teed By treaty with Great Britain and Nicar.
agua, France and Nicaragua, and by the Unit
ted States, undor the Clayton and BnlTez
treaty.
Nicaragua and Costa Rica are to be paid
eight per cent. on the gross receipts Of thu
The dues which the company are empowered
to levy, are fixed at maximum Of eight shil'
lipgs per ton for goods, and forty. eight shl'
lipgs per passenger.
Vessels are to be steaIn-tugged from ocean
to ocean at o enall cost.
The route selected ut present, is as follows:
Through the San Juan River. entering it al
tue Colombo branch to Luke Nicaragua; dis,
tance III miles. On this river four dams will
be required, and four locks Of ten feet fal]
each Through Lake Nicaragua to the riys, e
river Tiptafio to Lake Managua. distance Il
miles. On this short distance two locks vii
be required Of ten feet tall each-) Throngf
Lake Managua to the point where the cana
commences, distance 81 miles. From Lake
Managua to the bay Of Tamarinda, the dis
tance Is about nine miles, through which :
cutting will bo required OF maximum depth
Of thirty three feet. Between Lake nanagu:
and Tama1fnda, there Is o fall Of l54 feet
three and half miles, and here 1t will be nee
eEsary to construct fourteen locks Of clever
feet fall each,
The plan proposed by the company is. no
to make the canal Of asufflcient depth for th'
largest class Of vessels to go through on thei
own bottoms with their usual draft Of water
but to raise them with their cargoes at fi1ei
places, dependent On their size, on pontoon:
drawing hut small depth Of water.
Vessels drawing not over fifteen feet O.
water can pass through from ocean to ocean
without being lifted upon pontoons, eScep1
in their passage through the canal from Lake
ManaPua to Tamasinda; bnt vessels Of greate1
draft will have to be rnised twice and lowered
twice.
Hydraulic power is to be used In raising
vessels, similar to that In daily use ut the Vic
toria Docks, London.
The time occupied In raising q 1000 tor
vessel and floating It away, is not to exceed
one hour.
Three years are fixed to finish this great
undertaking,
Contractors Of experience and responsibili
estimate OF the engineers, VIZ: e, ,2o5, ,l60.
The estimated revenue of the company ex
elusive Of dues levied on passengers Is e37G,
000. This is based on the daily transit eacl
way Of eix vessels, averaging 500 tone.
Gnhafffufo3M TfFar