New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-27
s526so,oOO
!" irnoM orR owN coRREsPONDBSTl


The operations to DO performed may be explained as
follows:
A national loan for the construction of the Canal.
The Canal constructed with the money furnished by
the national loan.
The quantity earth to be excavated in order to open
the Colombian Canal l25 100000 cubic meters, which
beng divided into 90 working sections give 6OOOO cubic
meters to each section that the work TO be
commenced along the whole line, within period Of from
three years Canal would be open for navigation
The earth to be excayated may be divided into the fol
lowing proportions:
/. Earth sard clay, &c, IS per cent
Small stones, and removable by labor "a per
cent
3 Rocks OF different formations which VIII require
blasting, p per cent.
The highest point OF the saddle in the chain Of hills is
&C meters in hight by meters in length, and will re-
oure the removal Of 100000 cubic meters Of earth,
being equivalent to the fourth part Of the whole work
The whole Of this data obtained from documents now
in the possession Of the Society which already az
proved Of in Europe and which will be presented to the
Congress about TO assemble in Begota.
Having TO the return Of the first engineers Of the
world from the completion Of the suez Canal is the
which mpcded the previous publication Of this plan.
The " Colombian Canal International Society" has
already closed its subscription list with capital OF
NOOOOoO until the sanction Of Congress to Its project
shall have been obtained
The Report further states that
The maps the Society approved by the AID.
mrality England and also by that Of Franco the
mos complete which have known up the present
time. The following brief exposition Of the new COM
binaton: The United States OF Colombia will raise loan
by issuing stock which will undoubtedly be taken up by
whole commercial world The character Of this loan
would otse guarantee the maintenance Of the free tran
Of the canal BY this the integrity OF the
tonal territory would be preserved the country would
govern itself and work for ITSELF and would preserve its
sovereignty neutrality through possessing the guaran
fee az uriu mercantile nations. At the
time end would be put TO the concessions of privileges
the necessity Of special laws, and finally TO all open
ntrgues for the possession Of the Canal The
Government of Colombia would act on It's own account
upon its territory without any kind Of responsibility,
and free from all fear and all disagreement.
That will attend the work is uudeniable. The
facility which Honduras obtained several millions
the construction Of railroad of slight importance in
comparison with this canal proves that no difficulty will
be with obtaining the money necessary. If Hon
dUra the position in which she is in competition with
the PaDau Railroad has succeeded to such extent,
what may not Colombia expectl The proposed loan
would amount $lGO 100000. Onehaf Of this would
be sufficient effect the opening Of the canal will be
by the calculations given below. The other half
would belong 20 the nation, and would enable Colombia
70 pay foreign debt help the country onward in
her OF progress aud civilization enable her 10
tabsh banks TO fomen agriculture and manufactures,
better her existing roads, and open up and,
finally, assist IA tine education Of the masses.
The proposed canal could be opened within three 10
1--WE years, period which will appear remarkably short
many but which is easily explained when the expert
gained by the works the sUez Canal taken into
consideration The shorness Of the line the frmness Of
SOIL the presence of fresh water and abundance Of
wood are all elements which did not favor the immense
work which has just been inaugurated All these
only obtained the Isthmus OF suez at immense cost
but which found right at hand the Isthmus of
Darien. From calculations which have been made as 10
number Of passengers and quantity Of merchandise
which would pass through the Colombian Canal, it ap-
pears that Of S2OOOOOOO would yearly be
produced One half Of the net profits contained IN this
sum- and quantity Of waste land would be the guaran
offered by Colombia TO those from whom she would
borrow the $lO0OOO,OO0 These propositions sub
mited 10 the Government 10 Bogota last June by NJ.
LucIen de Puydt Agent OF the International Society,
founded In Paris in May 1854 The line which is pro-
posed TO adopt outside the limits OF the territory
which the Panama Railroad Company holds right and
this fact will therefore prevent all reClaatons from the
Company.
In the foregoing report. and by the maps which /
have bad the opportunity 10 examine and compare
carefully with others, it would appear that the new
route possesses the advantages claimed by the dis
coyerer. But while NJ. de Puydt may be regarded an
authority within the limits of his professional kDow
edge and experience, do not think that the very
sanguine expectations set forth ia the report TO
facilities for the almost immediate aggregation Of
enormous a capital as $1GO0OO.OOo can be realized |
when an appeal shall be made 10 the monetary world
obtain concession from the Colombian Government. |
and in the event of success the Company will at
once commence operations and secure the practical