The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-03-16
The lSTHNUS SHIP RAILWAY
Eads Considers the Project All As
sured Success.
Tho Eisrt Ship 10 Be Taken from the
Atlantic to the Pacific In Less
Than 6ix Years.
vIhe Road 10 Be Built bv Americans with
American Money, and Americans
will Reap the Reward.
tNcw York Herald. March l2.l


Capt. EAds. the builder OF the st. Loui
bridge and the man who constructed the Mis-
stsslppi river ietties at the mouth Of that grea
1troAm. II now Ia the leld with project Of Ia
steroccAnic communication between the Pacia
and Atlantic. His scheme was presented brief
" to the Canal Committee OF Congress on Mon
day last; but to q Herald reporter. who foun,
s4lm Yesterday ut the Albermarle Hotel. he wen
Hpt peoposs , TO to buiId railroad, with seven .,
eleht tracks. on which cars shNll carry ships D
tho maximum eiEa from OCEAN to ocean at thu
xets of twslve miles an hour" he said. 1t is 1
% tho 0smn ittee. az / said. last Monday: bu,
0elore hat had bill presented to the House
sSs e ne
hr'W 'WMnarss M tns tns prospeat for the success OF the
0'1 AooS o am not nm epthua,ss,ic man, but ]
eonsidsr the ship railway project an almost ns
assured thing. First, because Il Il. cheaper to
construct and maintain than a canal could be
dino needed ior the construction OF the canal
and shfpa could move over It with four or Ave
umee erea' or speed than through the canal. Its
numbers Of them. The cost OF maintenance
would % comparatively small. The road could
cable TO construct a canal: and. finally. 1t IL
Doo9lhle TO estimate Just what 1t would cost
eomsshing that can't be done for the canal pro.
1. lss,r,ss 9sys you any pecunisry support assured
Yes. there are q few capitalists willing to
otAAd By me. IA fact there are plenty OF men
always ready to put money into any enterprise
that promises returns within reasonable time
2sa yhsn the outlay is not beyond reason. The
aes shown. is e consider how 4 can ne done ct Ct
e = wh canal cossDs sssos
ykuul1 90 In tor the cheaper thina, wouldn't you?
0kAtniy ron would. The principles that gov
xAbueiness apply to this"
THE QUESTION OF COST.
Then Sour ship railroad is to cost $50 900 Ooo?''
H II should be built at the Isthmus OF Panama
would cost figure approxlmating there
eaoet. You eee there are three or four places
eoeons some OF them might be chosen In
Pyeierence 70 the lsthmus OF Darien. But the
Sn1antepec route and the Nicara9uan sur
Atases for : ship railroad. although they
oprse: The Tshasnsepsc sss route would de-
u N outlay OF el0o 900 900. about. The Mica
pan would REQUIRE about 100000 Or s75.-
nish, Y, q u ihe three lines you J ,hhavesnamed is
ts10ald say they stand about equal In my
1mefion. 1cannot tell. Each has its objec.
e ana advantages. which We are now balanc-
You sneak. Captain. as though you had your
on a,h w gdTo'nnd d'an !. and were ready 70 60 70
L&0
lou ellude 10 my confidence? That's 60. I
Eeady q begin. In less than six years /
hko the drst ship from the Atlantic to the
snssspsiss 3 !. seis. i exclusively an American
6clnsively: purely American Ia every re-
:. American men win build. own, operate
eootrol it. American money will be spent
construction and Americans will reap the
lrd In the pronte."
he project being SO far advanced. I suppose
hAvo ARRANGED the tariff OF tolls?"
Ee have thought that perhaps less than s.
Ton could BE- made q remuneraiive figure
eottmAted the tonnage to be conveyed per
I'm tp the vicinity OF 5000, Co.,"
g1u charges be made for tons By measure
Il Or tons by weight? z"
|1deed that INQUIRY goes beyond my ability
ow soon do ron expect TO arrive at an Or
nfion?"
hat preliminary part Of the scheme win
nhea With great vigor aa soon as Congress
ofaclally upon the hili now with the com.
% their doing this there is nov not
1Dt BIT Of doubt
CANAL 1AM10AD ColRA1xD.
~ 10 jdered ~ cAnal project .