New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-10-08
LATEST FROM VENEZUELA.

New Steamboat and Railway Lines
Probable Way Of Settling National
Debts-New Cable Telegraph-Theat.
F1cal.
EDITOR REPUBLICANS:
I am indebted to the Hon. E. Martinez,
CONSUL of the republic of Venezuela, and of
the United States of Colombia, for late
news of interest from Venezuela, in the de-
velopment and trade of which the people
of this valley manifest much interest; q
country that ere long will be exchanging
its productions for the produce and manu-
features of the great West, through the nat
ural channel, the port of New Orleans.
The building of the railroad between the
seaport city of La Guayra and Caracas,
the capital, having met with serious diff.
culties, through the former contractor, has
been placed in the hands of a first class
company, formed upon the following basis,
in London; composed of all the Venezuela
bondholders, at which meeting the govern
ment was represented by DR.. j. M. Rojas.
and it was then and there resolved that
the road should be built within twenty four
months, on the following conditions, viz
All English creditors of the Venezuelan
government subscribe for. r..............10 900
A French committee for. Observation-Disclosures. 100000
And the government of Venezuela for...... 100000
Total venezolanos $500 900
The government to pay the Venezuela
bondholders $4,000 every three months,
and to the railroad company 100000 vene-
zolanos Tor Venezuelan dollars) in twenty.
four monthly installments, the government
holding the privilege of selling her own
shares, likewise the French and English
stockholders. Through this arrangement
the exterior debt of Venezuela (about which
90 much has been ssid) is most satisfac.
torily settled, and each creditor becomes
interested in Q much and long needed rail-
road that will pay handsomely. The whole
affair has besn ratified by the Venezuelan
Congress, and work was commenced on the
first day of August.
The government of Venezuela has granted
to Mr.. Chaies Campbell Downs the privilege
Of establishing line of steamboats, be-
tween Puerto Csbello and Tucscss Tor
Panta Bravs), with exemption from all
duties on imports required for the line, or q
railroad that he has obtained permission to
build from San Fllipe to some convenient
junction with Q new railroad now being
built between Tucacas and the Aroa mines.
Mr.. F. Naphejyi has the authority to lay
cable connecting the port of Spain,
island of Trinidad, with Venezuela.
Some time ago mentioned the shipment
to Caracas of theatre, scenery and sppur-
tenances from Philadelphia. The Guzman
Blsnco Theatre is now erected, and the gov
ernment offers an opera troupe "a 900 vene.
z0lanos, payable in three installments, pro-
vided only first class artists will be intro
duced.
The Inauguration of line of vessels to
Brazil, that will sweep this coast, will GEN.
tralize New Orleans as q port of distribu-
tion of the accumulated productions of the
two Americas, and elevate this city and
St. Louis to commercial rank and gran
deur at present uncomfortable, except to
the few who have given this subject of di-
rect trade through the Cult the deepest
study and the most serious reflection.
Tho Hon. w. NJ. Burwell, secretary of the
Chamber of Commerce, and known through.
ont America as the "Encyclopedia of Com
mercial Knowledge" says: direct trade
with Mexico, the West Indies and South
America, is the key to the future prosper.
ity of the South"
FREDERICK A. JOHNSON,
@ No. 95 Magazine street.