National Republican., 1886-08-05
THE NICARAGUA CANAL.
Words of Caution to Those Disposed to
Enter Into the Scheme.

EnIer IntO tne SCueinos
EDITOR NATIONAL REPUBLICAN: At the
request Of competent authority In the re.
- ss-.-- I ssAs.Ilu. nnhlishnd
in the New York Herald aud In your col
umns a notice, the object Of which was to
protect the public, and principally con.
tractors who might be careless enough to
enter into business relations without first
assuring themselves OF the competency OF
company" not recognized by the govern
ment of Nicaragua.
At the same time ! had carefully pre-
pared translations made of two papers and
OF the decrees, three In number, stating the
grounds Of forfeiture of the rights and
powers held Professionally, which provi-
sions were not complied with on the part OF
the company. These papers were lost In
transmission for publication, with the ex-
ception Of those appended. The first is an
extract of a letter 10 me from the president
Of Nicaragua, dated Jan. 90, 1886.
The part following this private letter Is
from the official gazette Of Nicaragua. The
three decrees referred to as lost state the
specific grounds Of forfeiture Of charter
through non.fullllment of the obligations
entered into by the company now defunct.
Very respectfully, yours, .
WASHINGTON, D. c., Aug. 4, 1886.
The following is an extract from a letter
written by President Cardinas, of Nicaragua,
under date OF Jan. 20, 1886, TO Admiral
Ammen, U. s. N:
In regard to Mr.. Dlackman and his pretended
Atlantic and Pacific Ship Canal Company
have to state that this company ceased TO exist
long time since! II was Hicaraguan corpo.
ration having been organized by national ex-
ecutive decree. II held a canal concession
granted 70 its representatives in 1919 and modi.
ted In 1850, and IRON which everything relat-
ing to a canal was later excluded in order to
form by different concession the Accessory
Transit Company. The Atlantic and Pacific
steps looking TO the fulhllment OF It's obiiga.
tions, but did, on the contrary, declare to the
Secretary Of State OF the United States that the
canal was impracticable. That corporation and
the transit company made common cause with
the enemies G the republic and defranded the
country OF legitimate dues amounting 10 a cou-
s'deaPle sam iRa of money mney created many
time there was not n day, month, or year In
which we were free from their contentious
The contract Of April 2, 1850, was at last agreed
upon, and, with certain notifications was
ratified and exchanged In January, 1851 BY
this contract all pending disputes were consid-
cred disseminated, and a new transit concession
the conditions which would make IL itinoperatlye
and void The rights and privileges acquired
by the contract OF id9,, and subsequently,
thereto, We're disowned and declared To be null
and void. Finally, in exchanging the modiA-
cations Ten q cdnge de las mOdiicdtiOAs) 10 the
contract OF lSGO executed by special power OF
attorney OF the directors and STOCKHOLDERS OF
the Atlantic and Pacific Ship Canal Company,
IL obligated itself TO furnish the necessary doc.
uments TO render void all claims against Mica
Tagua and Costa Rica in connection herewith.
That contract terminated in the following
manner:
The company was sued here for debts, and,
being unable 20 satisfy the same, its steamers
aud other property were, by decree OF the
courts, sold nc public auction. The company
ana inc transit were thus terminated, iDsO
fdcO, In accordance with the stlpulatlons Of the
contract We have the authentic documents
pertaining 10 the matter, copies OF which will
be forwarded by the next mail.
The following Is translated from tho Off
cidt Gazette OF Nicaragua Jan. 23, 1886:
The last mail rom the United States has
brought the singular news that In New York
city some individuals have advanced the extra,
ordinary preiension OF recognizing the Old At
lantic and Pacific Ship Canal Company. They
communications TO the governments of the
United States and Great Britain affirming that
they are going 10 undertake the work Of build
ing the canal, for which purpose they have
with no, obstacles, not even on tho
part Of Nicaragua, which, II is claimed, is
bound to protect them. But the best part of
launched a loan OF slOo 900 900.
Such pTelensions are entirely unreasonable,
and II may heussumed that the object II to make
the most OF the present situation Of tue canal
question. The Atlantic and Pacific Ship Canal
Company, NicaTaguan corporation holding
the concession of May 27, 1919, modified ia
March. 1850. and which took such u prOmi-
nent part IN some Of the events In this repub-
lie Immediately following those dates, ceased
TO have legal existence long slnce, as may be
shown by the original documents In possession
ofthe government Should Il be found necel.
such corporation is entirely deninct, Il VIII be
done IN an unQuesttOnQble manner