The Phoenix herald., 1879-11-21
The Ship Canal Project.

NEW YORK, Nov. 1.-The Wofld
 says: The labors of De Lesscps have
 not been in vain. A Washington dis
 patch, which we print this morning,
 indicates that they have had the good
 result of efec.ually turning the at
 tention of Europeans. Capital, which
 could not be commanded In Paris it.
 self for the construction of the canal by route and under the conditions
 favored by De Lesseps, can be com
 manded by the United States, and its construction, as Arnmea has shown,
 ought to be made through Nicai agu
 of capital already received in this
 country for such Q canal arc that
 Grant shall accept the Presidency of
 the Conn any, and that in the official capacity thus given him he shall ap.
 ply to the Nicaraguan Government for the necessary concession. It can
 not be doubted that Grant will very seriously consider the proposition
 thus made.
 A Washington special says: This morning Ammen called upon Presi- dent Hayes with 8 letter from friend in Paris. assuring him of a satisfactory arrangement there for the immediate advancement, when 1 required, of one-third of the capital 1 necessary for the Nicaragua Canal 1 enterprise, by one of the most sub | stantial banking houses of Europe, l upon condition that Grant will con sent to accept the Presidency of sn American company organized for the construction of the work. The writer adds that he leaves immediately for America, to confer with parties in this country interested Tn the great enterprise. On receipt of this letter, Ammen immediately telegraphed the facts to Grant at Chicago.
 Referring to the above, the HeraIds Chicago special says: A Herald cor respondent called upon Grant this evening to inquire just what was his position in regard tu the Nicaragua Canal Company. After few preli- the correspondent asked:
 Would you accept the Presidency , of the Nicaragua Inter Oceanic Canal Company if preferred to your
 II should not like to say I would f accept it." replied General Grant, , upon the rumor simply that money ! could be raised. I should want to , know first that ample subscriptions f had been made. and that certain con- : ecssions had been obtained from the ' Nicaragnan Government
 "1on favor that route, then?" I
 "Yes, it is by far the best. The r surveys made while 1 was President were at my instigation-in fact, I in- T 'tigated the plan indirectly. 1 tried 7 7 o get an appropriation for the pur- | pose of carrying out the work, and \ lad I been in office little longer I h hink I could have accomplished f 2
 "What IS your plan as to its man. ( Lgcment, should you accept the f, oresidency?" ii
 ''I thInk it should be neutral water, nd that Congress should pass an Act assuming some sort of superri- ion over it. simply to have an eye to Is protection, because it is on our :, .. . Do you think subscriptions would ss,, e made if you signify your willing Il ess to serve as President ot the U U n, ~ "I am not sure" replied General a s iraLt, that French capitalists would v e influenced at all by that At any :" ate, should want to know authori r ativeiv just what will be done if l onscnt'' IT Will this canal project cause any 6ct hange in your plans?'' h II s.ould perhaps go to Cuba for ol le Winter. but I would defer my fc isit if I could assist this project in U ny way. have always felt great T atcrcst in il, and whether I am an Tn ficer in the Company or not, shall m Iways aid the accomplishment of the h' Ian in any way can"