The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-16

years and after he canal Is oad for, twenty
five per cent OF the net pro1ts.
The ireatv IL to be ratified by the United
States within ten months: surveys to be made
within two years alter ratttcatlon; tue canal
o gun Wlhin nve years and hulshed Wl.nn
hiteen years after ratification: otherwise, the
charter fails. The charter runs for one hnndred
years. The canal is 10 be un er the control OF
the United States, and Congress can 6x the rate
OF tells. The navigation Is to be o0ep 70 all
nations in time OF Leace, but closed to 0eliiRe-
rents who may seek 10 avail themselves Of its
adyantaees. It is estimated that the canal
will cost 500 600, 600.
:, crmpany was not long ago organized In
New York, under charter of that STATE, with
Peter Cooper as President. IL 10 said, on dis-
tinguisbed authority, that this company has the
capital and le ready to commence the work
Congress, however, is at liberty to give the
preference to this or any other private com
pauy, and the United STATES can itself under-
take the construction of the canal.
subsidizing Railroads,
WASHINGTON Feb. 15.--The II Duse by large
vote passeo the resolution allo wing the Northern
Pacific Railroad to issue bonds for the con-
struction OF the road, the bonds 10 be a mortgage
on the road. The company have asked this
action that they might 90 on with the road, as
they. were satisfied that sub'ldies could not be
obtained at the present Congress.
Legal Tenders.
1t was given out that the legal tender decision
was to be announced toe day. but on inquiry it
is asceHtained that the Judges have not yet
agreed NJ on the decision.
1t is ur derstood that q great diversity of
opinion exists relating TO the constitutionality
of the act.
The DRrien Canal.
Seward's treaty, negotiated by Caleb Cushing,
for the ship caual across the isthmus OF Darien,
has not been sent to the Senate to-day. 1t is
understood that il will meet with considerable
opposition, and will probably not get through
at this session.
Gold Contracts!
The Supreme Court made an important deci
sion to day relative 10 gold contracts. The
Court maintains that coin contracts made prior
to the war must be paid in coin. and also that
similar contracts made now must be pad in
com, on the ground that the law making
coin legal tender has never been repealed.
The House
has set apart all evening sessions after Wednes.
day for he consideration of the appropriation
bile. This is considered absolutely necessary
in order TO get the bills through.
Information from Admiral HOR.
Admiral HOf, commanding the North Atlsntic
squadron, reports rom Havana, on Feb. G, the
employment OF the vessels or his comm and as
iollows:- Contoocook, flagship, in excellent
CONDITION at Havaua, waiting the termination
of the present excitement TO make cruise
around the island OF Cuba; Gettysburg ut Nue.
vitas, having touched at Matan2as, en- route and
reported every thing quiet there; PenoOScOG ar
rlveo at Havana on r. b. IRON cruise noon
the Spanish Main Yantic cruising in the Hay
ton waters; Nipsic at Aspin wall, having re-
lleTed the Yantlc at the 1sthmus.
The Nicaraguau Treaty.
The President has sent to the Senate the treaty
recently regulated by Caleb Cushing for an
lnteroceanlc canal in Central America.