Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-08-12
THE NICARAGUA CANAL
Capt Phelps VISIT 70 Europe and 10 as-
quits PARIS Bankers DISPOSED 70 Drop
De Lssssps Probability that Grant vii
Accept the Prssidsnoy.

Capt Phelps Visit 70 Europe and 10 ns-
suits-Paris Bankers Disposed 70 Drop
De Lssssps- -Probsbiiity that Grant vii
Accept the Prssidsnoy.
w.surSGros, August ii.-Ex.D District
Commissioner Pbelps, who visited
Europe this summer IN the interest oil
the proposed Nicaragua Canal COMPANY,
and whose return about two weeks ago,
With q summary ot ~hat he had accom-.
plishrd abroad. was announced In these
dispatches, is still busily occupied with
the task he has Undertaken. lie had
hardly more than reached home before
he started for New York 30 lay the
results Of his trip before the
gentlemen there who arr inter.
es,ed iu the project. What he hsd 20
say To them has been already related
substantially in these dispatches. One
or two minor points, however, we're
omitted. While in Paris he had circu.
lars struck Off and sent 10 the subsrrib.
ers % the Suez canal, s0me 10, ,0Oo In
number.
The circulars gave q succinct review
Of what had been done Ia connection
with the canal project, and setting forth
the RES ms Why the projectOrs believed
the SIrsraguan route the most prsctica.
BILE. Moreover, he gained 10 much oil
the confidence OF the banking bousss
who we're supposed 90 be supporting d.
DeI.esseps' project for acsnal at Psnsma
a. ~ induce them to withhold actual
money support either until tho Sicars'
guam project could bs put 10 tangible
shape. or elss fall through. some oil
the banking houses vent further than
this, and promised aid 10 the Nicsrs.
guam project on certain reasonable con-
ditioDs, that cannot nov b made
known. Another circular Vas also To-
sued and sent 90 the name persoDs by
gentlemen In Paris, Who. While opposed
entirely u Ds Iesseps' scheme. iavor
a,otber than the Sicaraguan routs. b
the parties IL 10 sought 10 intervst In the
matter will have b~~p fully informed
b.fnre subscriptions are aakrd.
Capt Phelps report was entirely sat.
isisctory TO the capitalists shom he met
/ in Nes York. and he returned herr,
much grltided aud encoursgrd. the lat.
ter part of last W.rk. Nou he bss
( stsrtei of again on the same business,
/ and this time wnt~ard. One of the
purposes Of his trip 10 10 meet Genersl
Gran, IN order TO confer With him upon
tie subject Of the presidency Of tie pro.
posed company. il will b remembered
iha, upon bis return from Europe he
sas entirely confident that General
Grant would accept tie possition. The
only deciinstion General Grant ever
made in this connection vas the Oder oi
the presidency Of . company 10 b
lornei TO carry ont De IIesssps' project
In the letter declining that ofIer he
said distinctly that he had been and sas
ANXIOUS 10 connect himself with ttse COO.
.,ruct,on Of IN l.thmus canal, bot thst
he could not lend his name 10 . project
certain, in his judgment, IN resnlt in Q
failure since he has always bern con.
sisten, and earnest advocate Of the Hica.
raugusn project, its friends we're not st
oil sarprise'i st the letter, bot, on the
eontrsry. took II ~ IN evidenoe of his
desire ssiil 10 connect himself With them.
II il expected that Csptsin Phelps w
remain West about two weeks.