Smyrna times., 1892-10-19

: America aud the Pacific coast is mono,,
! oiized by the English. The comr9ittdpo
thlnks that if the Nicarapno TaroI
were were opened the Alabama and W.
virginia coal would have a decided aJ
vantage over English cofpDetitors ~
TO mention the enormous omon,,f, nv
coal the canal COMPANY itself ,ro,,iI ~
80 - ~ the entrance Of the Suez canal
last year l 800, 600 tons of cool G,',iaI ,aoI
solu IN competition with England
o. ~ acluc ocean trade the nicaragua
Oaiai would give American commerce
aH advantage of 2,700 miles. wbiIo
oeslneS tne specific benefits. the com
ll!IIee thlnks great general benefTs
", VIII accrue to the entire Niae;ee;nni
EalIey, The lake ports and the Allan.
NC coast. Ship building and the shin.
pug interests IN New England will re-.
ceIve new impetus. A new coasting
1i"ue VIII spring up and American ton7
mage on Tue high seas will largely in |
ue committee says that great trans
noiautic powers are looking with Gov.
eIous eyes toward the Nicaragua nro-
JecI' ana that foreign governments
"oulu very cheerfuly and eagerly
embrace an opportunity to take advan.
Cage Oh the enterprise, with Unlimited
capital and prompt energy. but il COR.
ceiVes 1t to be the patriotic and noIiti-
Cal privileged of the United States -
ooI pIeIe the canal. The commercial
anu anu naVal supremacy of the nation ,
y InaV hlgnt secure control of the canal
demands imperatively that its controii :
sHouIu not pass away from the neonie )
~ ~ the united States. It is made DleiD
.ua' TWO meets would be reouired 70
OiocK an American fleet in Niceraguo 7
" mere one would lie necessary else
" mere AS a fOOthOld from which to
''UacH OF ueIend, to threaten or Dro. g
ecu all the coasts, islands and adiaran+
han Gibraltar. power
among the beneficial results foreseen =
re more practical drawing togetber a. a
u the remote parts Ofthe vast domain :,
|, I Ihe world, and frmer cohesion of y
ne widely separated sections of tba 81
United States, added to a stroroar a
sellng OF neighbOrhood and commnn;t,, ., "
etween the Atlantic and Pacific vy 10y +
cards. The consummation Of 10 II
,oiA, o, whose feasibility has already .,
ecu demonstrated, is asserted to be of A
= greater Importance to the Western Il
LenIsphere than the Suez Canal is to g,
10 eastern. 1t is said that no Drec. - -
ienC can De cited upon which to pre- =,
ict the future of American commerce ~ ~
men the gateway of the inter-oceanic ~
mai "a across Nicaragua shall be omen A.
All surveys and examination of N, ln
rata requiring removal, have heen Su 5c
ade; The jetty has been constructed Il' G
"a Che har6or of Greytown has been ~ ~
stored so that vessels of I4-feet draft =.
we an easy entrance. Extensive Sio Sio
1iSSrves, landing places and permanent IN IN
IlIdlngs have been constructed. tenn al
rary camps erected, telegraph line !
ade, the canal cleared of timber for ma
enty miles, and a railroad twelve ms
les IN length, constructed and Th
ulpped. The biggest dredging era
anu In America, that formerly used hel
Fanama, has been purchased. and t6n acn
er mile of the canal has been ''iT n
edged. The exclusive franchise for Cor
steam navigation of the San Imam non
er and Lake Nicaragua. and an sucl
.ehslVe plant for the Navioation as v
hpany, have been acquired. Tho ulst
VeTnmenC OF Nicaragua has aclr. g.
Vledged that the COMPANY hos nso n9n
nplied with the canal grant wbi"b saSe
'yided that 100000 must he e~i IF
lded the first year. It is shown carr
the amount of money spent I'M To ssecu
on the enterprise, is over Sc 600. Ia% WHs
:, me enterprise is endorsed hv "a
leading business men of the conn. he Is
and that it will be iudiciouslv and prop
l0mically managed is assured bv wise
character of the board of directors woul
}, Dy the charter of their COMMAND ence
accountable to the Government If
United States. The Secretarv Of
interior has the power to maka
nc all the details of the corporate
agement, thus protecting the
stor againt misuse of bis money
ne Suez Canal, it is shown, ssvos
$500 miles around the Cane of
d Hope, as against over 10 O0o
$ saved by the Nicaragua Canal mn,
the following table shows the III, IN
Der OF ships passing through. the Pleas
S0nnage, and the gross receints Of one Q
"'"Ve years that
ear. 40 Net Gross Rec'ts is the