The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-17

the proofs OF tustce and frendshi, evlnced by Gen.
era Meoare)o has re laested that instead OF cash
ieriDg General Antezana, The OFFENDING BOLIVIAN
OiOer sutab repr ,mand be administered 70 ulin,
and IL IL Doubtful whether the money compensation
The mania for railways throughout this republic
Is still gaming ground and every day increasing.
inc success net Win Dy inc Of shs
Oroya and Puuo tues has stimulated many personss
;sir0us OF Obtaining contracts VINO only nSve nT
back until now FROM fear OF the financial portion Oh me
undertaking. IL will be remembered mat %, vnoU
soles' worth OF bonds hearing seven. or cacnlat lg
the amount set apart for REDEMPTION, nearly eghe
Der cent interest," sent to Europe to he disposed
OF by the Cover nment agents ia London anu raris,
and the product to be applied to the Two lines a.
ready menSloned which are now being butt BY Mr.
Henry Meiggs This loan was noItei mos success
cent a result Which not only delighted but aston
isbed the government here In place OF tue o00
sterling required $4,000 900 were offered before me
stock books were closed. Oi course this triumph
OF Peruvian credit has greatly ami mated the Execu
tive aud people generally In Peru more especially
has been at work against the favorable
negotiation OF these bonds, tho defeated guano
eoaslgang e"mpanes hoping by damaging
ment abroad, TO be ABLE to resume their own Old po
sltlons OF usureis and money-enders. Thanks, how
ever, to the correct IDEAS he'd IN Europe concerning
the great resources OF Peru. and the envab.e repu-
tation she has always had regarding the punctua
payment OF her obligations, this opposition was OF
no effect and the victory OF the government and
Melggs was con summated. The guano deposits which
are still very extensive along many portions OF the
Houses, and finally the r0a1s themselves, and the
profits that may be derived f.om them, are all
pledged to the faithful performance the part or
Peru Of the obligations she has now assumed
The new railways projected, and now offered by
the government 10 the lowest bidders are those ron
Ito, seaport south OF AFRICA, ~ MoQuexua an
Inland city, about fifty miles distant The valley OF
Moquegua, OF which this city is the capital IS the
centre OF the WINE growing interest OF Peru and It's
products received very favorable notice in the PARIS
Exposition OF 1851 Gram Is also grown in large
quantities. and through the port of IlO all the coal
merce with CuzcO and the towns In that vicinity Is
Carried on. The road OF rs no difficulties OF great
consideration and Its is es imaSed at about four
millions Of dollars. Another and more important
line Is proposed from the city OF Moquegua, above
referrei 70. to the frolrler OF BOLIVIA, passing
through several thriving places and tapping the high
road leading directly TO La Paz and Cochabamba.
But the utmost opposition Is mani esed towards ihls
own line TO Puno, also on the Bolivian frontler
view with luminosity any other that might
decrease or divnie the expected profits. The oppo-
sltlon being very powerful 1t naturally follows that
the defence is equally vigorous and IL IL Impossible
to tell how the battle VIII be decided. The road
would be very costly and one OF the most difficult
ever built, since the portion OF the country to be ira
versed Is or the most rugged description. Other
minor roads are being projected ali over the repub-
lie, and It is est mated that I'm the coarse or
Ave years Peru will have more than six hundred
miles OF iron l.De Mr. Alvarez Caderon. one OF
the richest men In South Amer ca, has contracted
with the government for the construction OF the
railway from Lima TO Pisco and lca-the sugar, cot
number Of highly cultivated estates In that section
and the Importance OF their productions would rem
uef the prUHtS OF ms line very consueraDle, auu
Only some neces airy 0rnallties have delayed tine
signing or the contract up to the present tm..
Further tnan The preceding nothing OF general in
terest has transpred since the date OF last CON-
mum cation. For some time past business has been
progressing very atlsIac or.1y and merchants here
express their conviction that Peru will soon regain
that enviabie name Tor commercial opportunity Inat
she held five years ago. Money Is plen y, and In
three months the rate OF discount has fallen from
twelve to eight per cent, certain indication Of the
present prosperity. Land speculation, hitherto
almost unknown In the country, is now beginning to
be general and along the railroads In process Of cOn-
struction all the public property has been Gained
By private individuals and companies, ana even now
commands respectable price. AS was some time
since reported to the HERALD the receipts OF the
Callao Custom House are greatly on the increase.
The United states steamer Saranac arrived on the
10th from Valparaiso and Ta.cahuanO. All well on
board On the 2oth IN Stant she Will proceed to
Panama and San FRANCISCO, with Rear Admiral
Turner, who goes to meet his successor the sta
ton, Rear Admiral WlnslOw.