New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-12
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CjPTIIN EADsS Project.

MS FAITH ~ ITS SUCCESS. ASD HIS DISb"LiIr i
scrsMYs Fox CANALS ACROSS rHE IsrHhUH'
TRIBUNE reporter found Captain lads aI Cne
ci,sev House last evening a few minutes before nc
fool, tbe train for Philadelphia. Captain LADS eH-
messed his confidence that favorable action wo"u
ultimately be taken by Congress upon hls scnehe Vi
au intoroseanic ship railroad. The House COMMIT
tee he said has already reported fayoraLy upon ~
but The matter would never be brought up III tno
House again unless action were first taken " inc
Senate.
Twill Congress reach any action upon IL tniS
session ~
II think tho chances are just about even"
THE Mexican Government authorizes you 70
rledre the proceeds OF the railroad 10 foreign coun
tries. Will much Of the capital be raised abroad
"None. if the action OF Congress is propltlous.
The United States is the only Government to which
the income Will be pledged, and it will oe very easy
TO RAISE the necessary capital on this eide OF tho
water"
"Will the amount 10 which tie capital was orig-
inally to be limited be sufticentP
Undoubtedly"
How will your project affect that Of De Les
seps7"
1.-The Panama t;dewater canal will never be COM
pleteL. De Lesseps, bowoYor. unless the Ontcd
States should absolutely nterdct it. will pTIah the
work upon his canal long as cent Of mouey IS 20
be had do not mean TO say that a canal could not
be constructed across tho Isthmus OF Panama. bu
that IL would never pay for the amount OF capital
inv estcd Ny railroad cOuld be completed long be-
fore his canal. Even If the Panama route were the
only one. the canal would never pay" ~
What IS the outlook for tie Nicaragua route u
"Tnat plan will never be pushed. The object u
those who propose 1t ~ 10 prevent any means What
ever of conveying ships across the lsmus from De-
ing effected They ask for charter from Congress,
ard they seek governmental assistance. ms
makes persons who have not investigated the SUBJ
iect think tho rOnte through Lake NICARAGUA the
lenst expensive and most practicable. The TACT ID,
the company would need aid from Congress. The
Inference is PLAIN that the proposal Is merely 10
withdraw support from the other enterprises. alr.
Phelps nnG q few others are III earnest but they
alone will never carry 1t through. Not cent of
capital will ever he invested in Nicaragua. Many
of those who support the project are Interested In
the Mexican Southern Rallwa which would ge lu-
ju7ed by The success of canal or ship railroad"
Have not nnLy engineers pronounced your
scheme impracticableP
mo; those who rldicule it are interested persons
No practical civil engineer OF any standing has pro-
nOunced against it, and the verdict OF the mos.
eminent gneers here and IN England IS favorable
Captain Lads showed several letters approving
his plan, among which was one form <. l.. Fernald,
Naval Constructor u. J. N. and one from Edward
Hart also Of the United States Navy, MIR. ternald
expresses his opinion that there viii be no dithcuity
whatever in transporting Vessels IN tho manner IN
which Captain Eads proposes, ana that the snip
railroad will DO a success both Gs an eneineerlng
ache ycIneut aud rs q financial investment Mr.
Harris letter is to the same effect. and IL equally
emuhatlC.