Morning journal and courier., 1880-05-14
Friday EornIng, May IA. 1880.
MORE CANALTALK.

l Since De Lesseps left this country he has
 been laboring to convince foreign capitalists
 of the advantages and promising condition of
 ed we do not know, but there are no reports
 of any great rush to get shares of the com
 pany. But if subscribers are not docking in it
 is not because the Baron is not persistent and ingenious in his advocacy of his cause. His lecture on the subject when he returned to Paris was remarkable one. He used mag. | ic lantern which exhibited views of every
 thing from the coast of Panama to a New York ferryboat, and the way in which he proved Panama to be 6 healthy country was
 unique. 'fDo you dare to hint" he asked, | s'that the Panama canal route runs through
 an unhealthy country? Look here!" and he presented to the audience a dark eyed,
 laughing beauty-a Panama angel, whom one
 of the Baron's engineers had married ''Do
 you think that an unhealthy country can pro-
 dace such beings as this ?"
 De Lesseps, however, is not the only one
 interested in the interoc4anic canal who has
 been busy. It was stated about week ago
 that the Nicaraguan government had granted
 concessions to certain gentlemen, some of
 them Americans, who intended to organize an
 interoeeanic canal company, and it is now
 said that tho President of Nicaragua is-
 sued 8 call for special session of
 Congress to begin on Monday last for the
 purpose of ratifying the articles already pre-
 pared. In tLis enterprise it seems that the
 plan of Admiral Ammen is to be carried out.
 It is related that when Mir. de Franco, the
 Nicaraguan diplomatist, was in Washington
 last winter to ascertain what could be done
 towards the formation of company to con struct a canal across Nicaragua under the pro- lection of this government, he received as surances which, coupled with the substantial encouragement he had received abroad, led plans. Since that time these plans have been developed to tho satisfaction of all interested, and the articles which it is supposed were submitted on Monday last for ratification to the Nicaraguan Congress were drawn in con- formity with the wishes and under almost the immediate direction of the capitalists in New York and elsewhere who expect to furnish the means for the construction of the great water way. In the organization of the company according to Admiral Ammen's plans, suffi- cient capital was to be pledged to assure in l advance the success of the enterprise. That ! has been provided for in the present assoeia- ! tion, and the money is said to have been promised and will be forthcoming as soon af- ter the final organization as it may be needed. The manner of distributing the shares among the public has not yet been determined, al- l though, according to the general plan, it will l be something after the method practicsd in France. The capitalists who will provide the ! original securities are simply to stand as sure ty that the stock will be taken at least in l amount sufficient to finish the work.
 How much too enth usiastic the present l of the condition and prospects of | this scheme is we shall probably soon know. It seems like pretty 'stsll talk," but there is 1 certainly no reason why a com pany composed of Americans and others need hesitate under proper conditions l to take up and carry out scheme which has | been again and again pronounced by good | judges practicable and likely to be profitable. l Perhaps if General Grant is not nominated | for President of the United States, or Is not | elected if nominated, he will be made presi- | dent of an inter oceanic canal company after | all.