, 1877-01-13

trlt1utin9 PORTION Ut tho necessary funds for
building the canal. M communication nf 4
Frame, % itaiy, sml Austria toward the Under
taking hnk ret l,ccn received. Spain, while aEt-
proving ot the work, ami showing Il dIspo.ition
10 gIvc It taett support, will no: l,e able prob
ally to contribute to the c1pcnsn Of 1t.
The President. In epcAkIng.of this important
work. eays that he has alwnya been greatly in
tcrestctl In Tie nrcntng Of Navigation across tho
Isthmus nns that he has n1w no doubt a. t9 !ts
ropc, 30 lar as they hare been hcar,1 from. hayo
proved their readiness 10 cooperate with The
United Sntes, and to rccognzc tile internatlosl-
nela, a e T. Of ~ so. D'k q em IN
that - ~ '>~ -
rnE ACTUAL COST or TIL. wonK,
seGinS ~ ho shc 81 Gssn,s rnn1 would pc .;
wns tho one stated, in order that O. gross sun
might be given which would not in any cur,-
tngcncy no exceeded. liz nays TINT he Is per.
can himself testify to It's rrneicnbility; That lie
crossed tic tstt,nils at that point sumo ycnrs
ago on hts way to 1oin hts c6,anand In Calf
forntn; that the lcvcl Of tho lake y not n.orc
that the length OF canal requiring excavation
is not more than sixty-ono miles, while there
will bc slack water navigation by means
VI dams on the San Juan Kyer, from The mouth
Of tho SIM Carloa to Lake Nicaragua, n distance
OF about sixty y-tl,rec miles. like navigation for
les tfan alxty miles to virgin bay, null a con-
itn,tancC OF the eAnnl thence through beautiful
valleys of the RIo del Medic and Rio Grande to
Dri,o.
In recent conversation the President alluded
to thu other routes oycr which careful tnntru.
mental surveys had also been made, anil caciI of
which possesses so1nc advantages. None, lo
fnil, has rs many advantages ~ the Niraraglat!
rn1ltr. Tho President said that thr United
States, for more tlsan huff ccntltry, las finl
All absorbing interest In aa
isrEnocEANtu CANAL ACROSS THE tsrlMrs;
we lEasc finally been able to prove the practical
btlity of the work IT. the most favorable points,
ami he felt ronident III sayiuE that the pesfple
of this great Republic VII! be eager o1o what
ever Is PROPER 10 ald IL IT, construction IN ne
benefit 10 alt natlDns and to ntl .pcnnles. lie
| continued the conversation Oh tic subject by
\ saying tllat tho construction Ut this cauat
VII bring Great n1!taln within easy eo'nMun!- %
catfOr With tic entire west coast Ut America,
furnishing, in plMec of tho stormy passage
around Cape Horn, with hea.l-wintls, q
short American routr, with falr winls an!l gand
Columbia a,'A q Central America tloubly valua:
hic, and II will bring the wheat nrAltlets ot
California 'nore directly and comparatively In:o
British markets, thus chearcnEng and giving
be IN i,ealc,llas,lc advantaue for the masscs Of
the people Of manufacturing nt'd commercial
country, And whlle this IL trnr, l,c Fal'l u is
cHually demonstraIlc ty,an lMspcrtlDn ot tho
| HlAfb I'll tuML ECC|lL lIlC3 u C}lta-
nlcrcial intercourse md Of civilization are dis
tt1lct {rtm each, aud therefore 10 not Invite any
prejMll"l4l rivalry hotwecn tho Eastern atna
Western lsthmus sl,ilscanals.
IN REGARD 70 TIE FlSANctAi. QUESTION
to l,e considered IN connection with the pru]cet,
tic President sail that tho yast products Ut
California ntono would Afford n handsome rive
nlIei sl,fs year The wltcat crop f0r export FROM
California il estimated t., bs In excess uI 0, 0oO,
ooo sacka Of 1eD pounds cuel., none ot ~l!is,
can Gc fcnt to the Eastern markets. by Tnil with
out a loss; By the completion of tle canal
Will be saycl tic long. tcdious and
hazardous route by Cape Horn, aud tl'is
between Other ar,s S' Of The s!o'o wiic, vii vii
md n convenient highway from ocean to occal'
snciatcl with the enterprise BY giving Il pcc'l.
niary aid will, IN Ills op1n1n, l'o riElt!ulsY en-
M assistance will l,c required to pay ttultt
rutes, pnd then would he greatly bcnelted BY
tho ronyr1icnrcs Afforded. 81 FIR rs tho Iaciily
Railroads arc concerned, Gct. Grant thi'lks tae
they viii bo n favor of the construction u tl,c
Will 90 10 tho. fac!Ilc caast will
greatly multiply their trudo. by our gcu
grph[rat position and rclatiyc proximity t.
tho lsthnlus and the countries beyond, he
European Power in the construction Of this
! great work, ThD commerce. of tho whole
world, however, lns n lutgo intercst In u, mid
the cost ot its construction anu Its profits, a,
we'll rs ether consequent advantages, sho!i he
shared In common BY NIL; this necessarily N
yolvcs q broad neutrality for tho rnpal anl it,
| approaches, a neutrality To lu supported either
pnsslycly OF artfvciyt- as t1su nations tMay bcs
exert tllcsr furccs. He thinks that solution o
the diplomatic features .,i tho enterprise mn,
for the Governments interested to begin tlIt
| work IT. oHcc.