The New York herald., 1879-11-26
GENERAL GRANT AND THE MICA
RAGUAN CANAL.

A Washington despatch to the Cincinnati CON-
meycidi of the oath inst. says:-"Admiral Anmen
yesterday received . letter from General Grant
with reference to the interoceanc canal scheme
1t is In to letter written General Grant two
weeks ago by Admiral Ammen. in which was
the announcement. already made in these de-
spatches. that agent OF French capitalists was
his way to this country with subscription Of
$3o.00O.00O to tho stock of tho company. of which
Grant shall be president. General Grant his
gratincaton this high mark of confidence. aud says
that he received direct France other
quite gratifying He does not say positively
whether ho will accept the presidency of tho canal
company. but makes an appointment to meet
Admiral Ammen and others ut Philadelphia on the
18th of December. when the mattor will probably be
decided before Grants trip to Cuba. He has engaged
passage the steamer City of Alexandria for avana
aud Vera Cruz to sail the 9th OF December. and
will be absent from tho United States until April.
returning from the West Indies by way OF Mexico.
Texas. New Orleans and the South.
Before meeting General Grant in Philadelphia the
gentlemen engaged in the canal scheme will mature
their plans and have the organization perfected tor
his examination, so that it Is expected that before
sailing for Cuba hs will decide definitely whether he
will accept control Of the enterprise. 1t seems to
the managers very important that he do because
his way from Cuba to Mexico he intends to visit
tho Republic of Nicaragua. The three months hc
will bo absent bc utilized by the organizers of
the company In securing subscriptions to the capi-
tai stock that upon Grants return in April they
may have tho matter all ready for him. He will
have tho opportunity to have official cominunica-
tions with the Nicarasuan government with refer
to the capa. of the conditions of his TAX
ing control being that that government shall fur
nsl. the right OF way free grant to the company
which constructs the canal.
The gentleman heretofore referred to In these des-
patches as bringing subscription of thirty millions
IRON French capitalists to this canal project is NJ Do
Franco, Minister " Rome of the Ncaraguan govern
mont, who has been the representative OF that gov
ernmcnt In Europe In connection with the canal
scheme. lie arrived IN New York on Friday. and at
onco notified Admiral Ammen that hc would visit
Washington early the present week. IL is probable
that he will be accompanied to Washington by
Cyrus W. Field ana other Americans who are inter-
estcd In the canal scheme. aud that important con-
sultations will take place here with Admiral Ammen.
which will result III tho formation of o company
with capital of 800. 900 900. In shares of small de-
Nomination.. to be chartered under the laws of New
York, the presidency OF which shall be formally
offered to General Grant when he meets the mana
gers in Philadelphia. Admiral Animen has assur-
that IL $20U00.OO0 of stock be sold IN the
United states the balance of the l00000,O00 be
obtained in France, without going to- England for
money. 1t Is the desire of the French capitalists
who propose investing in this scheme that the
troll shall be kept in that nation they jealous
of British commerce.