The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-02

rnrnuumhof of ycha m.I,ns regularly
hs cmafrss meois. ouIoVrsnt innn'is ann
lobbyIsl.nre fund 40 bo on hand viii, %
gigantic .chernc or cuttings ditch across
the lgihmus NJ Panama on that OF Iehnan'
lcpcc. nul earnestly hoacg.uF Vie ruc
government lpr subsidies or guarantees "'
interest on ihc money invested Ana no"
a bill has been introduced into the house by
GESrn,L liusrruNNl proposing TO incorp"-
rate and assist the Nicaragua Canal '"ln'
pany. Among the incopoptors are Soih'
very distinguished and imposing names,
such ms those Of l.. S, GGNNr f. D.
MoRaAY, II. j. JEwErr HOWARD
Porter, W. Il, GARRISON, FRED BIZ
LrvGs, GEORGE b. LoErNC, JAMES
Il. KEEYG, T.. Il. BENLE DANIEL AMMEN,
GEoRGE +. BAKER, WILLIAM II. B\INlN,
\. q. MENoCAL and L, S, GEANr, JE' Ihe
bill lift should become law will be simply
one of the many tremendous jobs that have
disgraced our legislation for number oil
years past. The company make The modest
request of congress TO guarantee TO thehi
that the net receipts of the company Tor inc
period of twenty years shall not be less IN
amount than 3 per cent. upon the lo'al
capital stock, and this latter is not to
be less than $5O,0OOCOO nor more IMAM
500, 100000, so that the government guar
anty is NOT TO be less than Sl,5JU,OUO per
annum. nor more than 100000. And
with this assistance and no bad
luck they hope to pull through
We have, in the first place, never been aole
to see who of this nation would be oehe'
fitted by canal in the south from ocean 10
ocean, other than those people ON the
western coast, who have raw material ana
products of various kinds to ship to the
east and Europe, and the manufactures OF
the latter countries, who have goods wares
and merchandise to ship west. Even III
such case Americans would be but slimly
benefited, as they do comparatively noun
Ing with the carrying trade OF the world. But
the whole of the United States are asked 10
contribute millions annually to insure that
the net receipts Of private corpora
ton shall reach paying business. Inc
absurdity and impudence of the proposition
are manifest at once. But what more right
have the iucorporators of this proposed
canal to ask the government to guarantee
that they shall make so much money tilah
have the various gas and water companies
in the land? Or, for that matter, any other
private undertaking? If the United States
oil IN a
some of the Central American states for the
purpose of handling with greater ease ana
dispatch its war vessels the matter
would be different, but it is an impo-
sition upon the great body OF the
people to ask them to contribute to the
profits of private individuals who see lit TO
engage in ventures in foreign states. The
indirect benefit or direct even, that might
accrue TO the United States from the enter
nrise cuts no figure III the case as long as
the scheme is simply one OF business by
nrivate individuals. This lending the pup
lie credit to private parties IS radically
wrong. and when once commenced mas no
earthly limit. The principle wonld oper'
ate alike in every department OF
trade or commerce. If the leSls-
lators at Washington would fearlessly do
their duty, they would soon throw such
bold and unconstitutional jobs out of sight
forever, whichever might be the prestige and
zirnia.arao She name ii those asking
helm. Bn, % us of the southwest other rea'
sons exist {, combating these costly and
unnecessary canal schemes south of us. We
are lust witnessing the completion OF
great railroad system, placing us upon the
highway from ocean to ocean and from
which we have been expecting great results
We want to see the trade of the east and
west. the commerce of Europe and China
and Japan passing over our railroads, and
experiencing its transfers at one OF Gun
own gulf ports. We want the ships OF ma
tons fed at Texas port from
Texas roads which have car
ried the rich products of the Pacific slope
through our prairies and cities, and do moi
desire TO see ourselves left away to the
north, with nothing for idle hands to do,
by the worlds shipping passing snugly
through NlCdTilS Va VI "i""' " "
therefore, interest combines with law and
right in opposition to the scheme to guar
antee NJ. DE LEssEPs, u. S. GRANT or CAP
TAIN EAps so much as net receipts upon
their business ventures in proposed
canals in the Central American
states. 1t is, therefore, easily demon
strabe that GENERAL RosEcRANzs
bill is not only constitutionally
wrong, unnecessary and unjust, so far as
the central states are concerned, but posi-
lively injurious TO the southwest. We are
gratilied TO learn, indeed, that our repre-en-
tatiyes at Washington do not favor its pass
age, and we trust that they will peisistenily
and actively labor for its defeat, and in
fact, of all other measures of similar nature
The present Job can be characterized as
nothing else, in short, but big steal under
the cloak and color oflaw.