The New York herald., 1879-11-14
GRANT AND THE NICARAGUA CANAL.

0hANI AND IHE NlCAkAUUA OhnAL'
AN AGENT OF FRENCH CAPITALISTS ON THE
WAY TO THIS CoUNTRY-sUBsCRIPTIoNs DE-
PENDING ON THE GENERALS ACCEPTANCE OF
THE PREskDENoY OF THE COMPANY.
By TELEGRAPH TO THE HERALD
WASHINGTON. Nov. Is. 1879.
This morning Rear Admiral Ammen called upon
President Hayes with letter from acquaintance
In Paris assuring him of satisfactory arrangement
in Paris for the immediate advancement. when re-
quired. Of one-third the capital necessary
for the Nicaraugua Canal enterprise by
of the most substantial banking houses OF Europe,
upon condition that General U. s. Grant will con-
sent to accept the Presidency of American COM
pany organized for the construction of the work.
The writer adds that he leaves Immediately for
America to confer with parties In this country In
terested In this great enterprise On receipt of this
letter Admiral Ammen Immediately telegraphed the
facts to General Grant at Chicago.
THE INFORMATION FORWARDED TO GENERAL
GRANT AN EARLY TRIP EASTWARD PossI-
BILE.
DIX TELEGRAPH TO THE HERALD.
CHICAGO ILL.,, Nov. 10. 1870.
General Grant received a telegram this morning
may require his personal attention in the East
week. The telegram is from o personal friend. in
forming him that he had received this morning from
Paris letter giving certain information deemed
sufficiently reliable to require his prompt consider
alton. and which is to the effect that tho writer Of
theSetter now on his way across the Atlantic with
full assurances OF subscriptions amounting to
third of the capital necessary to construct the
Nicaragua Canal. provided General u 8. Grant asks
the necessary concession for the Nicaragua grant
and becomes the president Of the company. He is
the bearer OF letter from the Rothschilds to Mr..
August Belmont and Is expected in New York about
the Goth.
INTERVIEW WITH GENERAL GRANT.
The HERALD correspondent called upon General
Grant this evening to inquire just what his
position in regard to the Presidency of the Mica
raugua Canal Company. After few preliminaries
and the statement that Admiral Ammen expected to
be able to raise the required capital provided the
General would accept the presidency the correspon
dent asked
''would you accept the Presidency of the Nicau-
raugua Interoceanic Canal Company If proffered to
your
II should not like to say would accept it," re-
piled General Grant upon a rumor simply that the
money could be raised. should want to know first
that ample subscriptions had been made and that
Nicarauguan government"
BEST ROUTE.
"You favor that route, thsn?"
''Yes; 1t is by far the best. The surveys made
while was Presidcnt at my instigaton. In
fact instigated the plan indirectly I tried to get
appropriation for the purpose Of carrying the
work. and had been in Office little longer think
could have accomplished something"
"What is your plan as to its management should
you accept the presidency?"
II think it should be neutral waters. and that Con-
pervison it, simply to have an eye to its pro.
lection, because it is on our continent
"Do you think the subscriptions would be made il
you should signify your willingness to serve as pres
ident Of the company?"
II am not sure" replied the General. "that the
French capitalists would be Influenced at all by that
At any rate should want to know authoritatively
just what will be done if I consent"
THE GENERALS PLANS
plans?"
cit may. should perhaps 60 to Cuba for the
winter. but would deter my visit II could assist
this project in any way. have always felt great
interest in it. and whether am an officer in the
company or not, shall always aid the accomplish
ment Of the plan in any way cAn."
DENIAL FROM GENERAL TooMBs-HIs DE-
sPATCH GARBLED.
ATLANTA, Ga. Nov. 49, 1879.
General Toombs. in an interview with Q Copsita-