The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-02-15

County and City Official Press.
Thursday, February 10, 1877
TIE lSTHMUS CANAL AND
IT'S CHAMPION.

Itiscommonly said that superseded
President, "likc . dethroued and
crownless King" is one of the most
melancholy spectac!es in society for
lorn o. account Of his uselessness and
isolasion--a ruin the more pathetic by
contrast with his former greatness
Having sounded all the depths. and
shoals Of honor" he is 1t las. thrown
out Of the currents OF the worlds ac-
tivities and left aimless and bEas< upon
the lee-shore Of insignificance.
Pre,iden: Grant however, it is thought
may prove IN exception to the
rule. Having "trodden the ways OF
glory" he does not propose. like Alex
sndsr. to weep for more worlds to con
qusr. and weakly die of enaui. He is
expected to become the De Lesseps Of
America, and to associate his name with
the greatest work Of all time-thus
rearing TOR himself grander monu-
msat than the msusoleums Of the Nile,
and resting his fame upon firmer ped
estsl than his record as the conqueror
Of Richmond. or even as President Of
the United States. Says Oh Eastern
dispatch:
Il Is reported tonight. upon compile
ton Of negotiations now pending be-
tween Nicaragua and the United States
for treaty concerning the subject Of
the proposed ship canal. that Grant
will be rendered the position of Presi-
dent Of the corporation or company.
will bs authorized to undertake the
work of constructing tho great canal
Il Il said this fact explains the sudden
purpose recently formed by Grant to go
10 Europe as sOon ~ his term Of Office
expires. his visit abroad being in the in.
tesest Of the company. for whom he
will be empowered to negotiate loan
among the capitalists of Europe. Roth
schild being already mentioned as first
to HON the project and al investment
u ito stock. or bonds will be recon-
mended. In the course Of the past
eight years the President, both in Off
cisl lite at Washington. and in relaxa-
ton 1t Long Branch. established rela-
tions Ut close friendship with many Of
these foreign capitalists, either in per-
son or with their partners in this coun-
try, and the intimacy thus formed is
regarded - one of the many reasons
that induced the selection Of the Presi-
den. - tho head Of the company. as
we'll o. the negotiation of capital in
aid Of tho undertaking. not to speak of
his answering honesty rs public man
and his energy and practical exper-
ienoc in tAs army. as st Vicksburg and
sfseohsfa. in conducting great engi-
neering enterprises
. Notwithstanding the New York 7ri-
Axse undertakes to discrsdit this story.
We have reason to believe that there is
more in IL than Grants characteristic
modesty would claim.
- Interest Of the Chief Magistrate
In vApvork nay 10 regarded - fruit
OF his early experience IS a military
sabaltern on the Pacific Coast It has
.tsanspircd that when making the
lsthmus transit in bis early days en-
rsste for. his post. his generals eye
measured with comprehensive and &C
curats glance. the heights and dis
tsuccs. facilities and difficulties Of the
route for the future great canal.
The work is one Of vast magnitude
and importance aud requires . grea.
man to carry It out. Perhaps none
more capable could be found for jus,
such . work that the stubborn leader
who said II propose to fight it on, on
this line" aud did 50. None more
competent to eject the "about face '''
that changes thc front of the Old
World.