The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-03
SPECIAL CORRESPONDENCE or THE HERALD.


Competition Between English and American
Capital for the Pauamn RAILWAY Privileges
AN Quiet Ms Yet ON the Isthnus-Ccntrai
American Coffee Crops-More Reports Of
Cholera In Nicaragua. go.
PANAMA, April "A. 1867.
The parties conendng for the future ownership OF the
Panama Railroad are making lively fight OF it at
Bogota II we may judge by the number and
variety OF propositions addressed to tho
on behalf of the anxious applicants. The holders Of
thirty millions OF New Granadian bondsresding
principally In England--some time ago offered The whole
Of these securities together with large Of cash.
and many OF large to tho government
with fair division OF the profits Of the traffic. but the
present owners have own bid higher than this with
evident determination 20 carry their point at all hazards
and At every Tho bondhodsrs' bid looks large on
paper representing. does almost the entire foreign
debt Of the country, but the securities quoted Ia
London at teon the bid Is reduced to toeraby fair pro-
portions. The following the principal points the
latest offer Of the present Tho general OF
tho contract made with Messrs. Cotterl 4 Co and
others in England tsince annullcd by Congress) are
accepted by tho company and the other advantageous
conditions are added
Immediately ON the consent Of Congress to this con-
tract 81 shall DO paid to the republic. Tho rgat
cancelled. The company snail pay in the year 1875
81 600 600 TO the republic IL the wishes
advance TO be made the company agrees to pay the
$4,000 600, or any portion OF II, previous 10 1875,
and in case OF such advance being made the
company shall reseive interest at SIX per per
mum until 1873 Tho company will immedaGe-
ly devote 5000, 600 10 improving the road
and the two ports ana give securities TO conclude such
improvements within SIX years: that; when tho inter-
oceanic OF the United States aud
Nicaragua concluded the Panama line wi be per-
feet as 10 easily MAINTAIN it, business. The company
will continue lis payment OF three per pelaunum:
the government choose. the hxed sum Of $4,000
After the approval u hls n,ract all products OK Ioum
bia shall be carried BY hc line at reduction o. one
third the usual tariff rhe company shalt make
one payment OF 100000 TO tho State OF Panama,
It, The company win make reforms IN tho present con-
tract which, without being preudica TO tue aefes of
the company, snail be ayantas sous 70 the government
commencing by the settlement OF the questions n dis
pute at present. II the government wish the complny
70 under'aKo the completion Of the Buena enura anil
Cali cart road the company agree to fnish IL solidy and
we'll and without asking any commission for the work
The expenses the work to he paid by the company
from the money due TO thu government
These terns were offered Congress by Peter Hcran,
on the part a. Abe company: bu, he took occasion
urge the Government to ny poheca,e their resources
ALL BECAUSE" said he, thin few years the limo
will become TIE sbsoiuc property Of the nation. and
thus the objectwil be attained which the government
had in view ,Nhen tho construction OF tho road was
authorized irheslimness Of the national parse, how
ever will mall ocsbty compel the acceptance OF the
favorable offer for the immediate Alienation Of the
reserves Heran stated thai he prepared 20 prove
the o1sr OF tho sraseasowners TO be the most accept
able thact aoai remains as 10 the success OF the
Isihmus ppsiiiSs spman In s'au qua Prssidon, osrc
Is stl rusoain Adm snn anterior, surrounded b. hts
faithful gusA 3svsl sS;oda, our greatest bugbcar
has appcnxed ansc soshores rs vet ard sho pobl
biy : ,ha1ee sen aslas. 2, our ssase on !, VI
misforiunet&akkods doasrnot at once Try 20 accom-
plsh bis deaEss ;-stAsrwse tho Panamefos must bid
adieu all hepea as The pretoxt for
UPRISING DO found. Arumor appears 10 havs been
circulated so~6h vnrahat oDudy revolution was In pro.
gess here, kls Uua states steamer Waieree has ar
rived nj IA apors prcursd Gar any emergency that may
arise Admiral nk, hrayfnu nsgeraicd reports OF
the diGicaiasAssiong thss ccas and knowing our de
CAPTAIN Pautn les the MAfcrss TO max al haste
In reaching fne snp ncrcw was daily drilled
ARRIVAL oil thu guns. rwrwr saocca and everything
placed Ia READINESS sosp sc ,'aprovdci the natives
were found % be occapying % ssiigeren: Al,ituas
Wa'eree Of course fcnla .poS ntstpxt for an attack
upoa the eisy, M hsr scase has the sec, q renew,
since the dspssd u y s yaS s ssH '''' - ''a
ssa c4sx-At AxEsicA -.
Peace was tI sn1i E e ge .con.sa el
districts OF eusternala. and Cruz tharebeioas leader,
The eoshinsai sop $ i gass lighter tsfs season than
usual ranisIl ZEN e % turping tpeir attention 70
S e.. ,e.. I'll sss s nsa c,cS S odo
pounds for shRRassns shs yest--a yety respectable
Tho A.iasisn ehS.sts has tnsouh,sdy reappeaaod in
Nicaragua Nsxsa rsrfysd % tbs erSss ~ former
mail Sas q s s.;s g esrsFg made W for
port. Leoin &tns ,lio be suffering most mon
he disease, ,hsEtysa 6tastl bsps said to 70
underussnd th1tths 6esse is CONT uons 10 e rars,,
Ths Central American steamers are no aIio~t %
- Corino tport q N,.asss, w0u'a DO quar-
The Costa Rican Congress VIII ocnveucerriv in Nay,
when certans aansnduo ofsns cunssNutssr are 70 be
discussed. nuYt4 y~sngs ,sAn sss Asin.
,, =; = y a; si ';sss ys e 8
mspts I ths, sssryshing wxS ssrshey quiet
Il Is d,snsusscsassSgS sS"TJssus fSfs,1s &C
tual s,atet - p.Resspny aEhhs nuxaas.sofy
; So s.: ~ sssy !:
Yesterday wswss IaSssnsd ~ SS16S wssv6S ldei Of
the people snA aOrt6o~ ahase1GuyS<eeR weieern
fsAs hs d rgunskawlAkss vuass 81 rnsu0