The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-11-26

Company the Old One under New Name
CHIHUAHUA, Oct 80, 1866
Some New York capitalists have lately had Mr.. lie
Rentre, OF New York. here their agent for the OBJ
tanning OF grant for railroad across the Isihmus Of
Tehnantepec
The new company styling themselves the ''Tehuante
pee Transit Company, have peoned this government
TO declare null and void the privilege conceded the
7h September 1857, the Louisiana and Tehuautepec
Company for the opening Of interoceanc communce-
ton by the Istnmus Of Tehuan.epec." The time for
commencing and finishing the road bad from time to
time been extended by this governmcnt-hrst to the
7th September. 1857 next to March 2sh, 1859, and
finally to October 25h, 1860. The company comply
ing is alleged with the concession, their charter
been declared null and void by decree Of the Liberal
government, and concession has been granted TO the
company. 1t is reported here that General Grant
has an interest In the enterprise, aud that
i Is only the old COMPANY under new form.
Marshal O. Roberts, OF New York. am disposed TO be-
eve that this u OF the keenest Yankee enterprises
Of the day. The old company have been playing their
cards with the empire for the past four years Finding
that the shade Of Montezuma curses the pathway of
Macmillan they have adrotlv had their old charter
voked and chameleon like, turn up under new coors
headed by general obtained for the purpose The
decree stipulates in article 2The company agrees TO
open water communication by the river Goatzacoacos,
making use OF ITS navigable portion mp TO that point
which by mutual agreement may be deemed convenent
IL
Of first class railroad and while this is being
finished by Dieans of commodious wagon road which
with the necessary bridges the carriages for
the transportation OF passengers and merchandise OF
light weight
Article provides that eighteen months shall be al
lowed the company from the date of the entrance Of the
liberal government into Mexico to make their expora
tons and plans and submit them for the appreciation Of
the government
In article g. the company will commence the construc-
tion of the line within Elk months from the time spoken
ten leagues per year until the work is complete.
Article binds the company 70 finish the wagon road
within two years from the date fixed above.
Article gives land concessions Of considerable
value.
Article 10 provides for moes and landing places be
constructed at the termini of the road.
Article Is gives the company the right to import free
from taxes all necessary material for the completion Of
In article H. the company obge themselves to estab.
llsh lighthouses at the ,ermni Of the road.
In article Is the company agree TO deepen the bar OF
the Goatzacoacos river, as also its channel.
In article 10 the company agree TO deposit guar
antee for the completion OF the work 800 O0o in the
post be made within ninety days FROM the date OF the
decree, October Is, 1896.
In article IS he goods passengers in transit the prop
nom all taxes for the period Of The t0hcsssQp, sixty
years ---- s-.>.-.- ..-.-,s-s--
s A as , +: ssRsso s.a s5 Y yin last
sixty years, counting from the time they placed in
psbc and in all this time the government will re-
dividends declared to the stockholders with the
understanding that so soon as there may BIO profits
tia that there . shall be an annual dividend Al
shall enter into entire and absolute possession
and property Of the lands given for OF the rail
way telegraph and lights with all that belongs to them
regular and perfect condition Of service The trains
which may be delivered must the necessary ones al
least for the transportation Of Ave hundred passengers
The rails cars machines and utensils shall at least be
not more than half used The vessels steamers of
ma eAu0n mans matt hn turI. A~A
Article N-Besdes the Is per stipulated In the
previous article the company viii pay the govern.
mont monthly two cents for each passenger or for the
packages which may DO transported by tho general |
route
In article "a the company transports government |
property for bait price and all government troops and
Article 20The transit by the route Of
De Tree Tor All The inhabants Of the GLOBE but 25
per cent viii be added to tho goods Of the which
may not have treaty Of neutrality with Mexico respect
ing Me transit Of the isthmus
port In closed bags which cannot be opened the foreign
BY the road Of communication, &c.
Article ~ The company bind themselves to pay that
which may leYay and justly be OF the loan which
Mr. Francisco Falconnet made tho Sldo enterprise
me government remaining free Of oil responsibility with
respect to this oaa and without having diminished by
of the road.
Article s-The company TO which this law refers Il.
ind shall always be, exclusively Mexican and the re
1uantepec Transit Company although constituted in the
United states. will notwithstand n.y. DO conndered
emoved ana constituted now In tho Mexican Repub
ic, &c.
Article ae-The government will name the fourth par,
" the directors Of the company, &c.
Article 81 imposes many restrictions and rules upon
he company.
In August 1858, decree q copnscation was promu,
ated AGAINST the estates and property appertainng 10
hose who have taken part with the empire By do. |
rec Of October ~, 1866 the means OF enforcing that
ecree are provided for, and measures W u he mmedi.
tely taken 10 gather the necesary data relating 10 ~.
property above mentioned that IL may I've sold 10 tloee
Iesirng TO purchase.