The record-union., 1895-07-17
NICARAGUA CANAL.
The Concession Tor a Second Time
Danger of Being Cancelled.

The Concession I0r second limo IN
Danger of Being Cancelled.
New ORLEANS, July 16.-A private let
ter received here from Managua, Mica
ragua, contains the following. which is
stated with every degree of authority:
The concession granted several years
ago to the Maritime Canal Company by
the Nicaruguan Government for the con-
struction Of the Nicaragua Canal is for the
second time in great danger OF being cam
celled.
This second trouble is caused by the
promise to build the canal at a point
called Tipitapa, which would connect
Lake Nicaragua with Lake Managua.
! When the concession was granted II was
agreed that III return for the conc cesSlon
canal would be built at this point within
three years after the beginning of the
work on the main line OF the Nicaragua
Canal. The time limit placed upon the
completion of this waterway eXpll ed in
October, 1892, and the company has made
no steps toward carrying out its contract.
The Nicaraguan Government threatens
the anuuliing of the concession, and the
threats como in the form Of d resolution
of the President and his Cabinet, which
TO all appearances is final.
The Nicaragua Canal Company will
be notified soon that tie Nicaraguan Gov
VI IlilliSut Will ~ tuc4i OttE
proposition and the canal al Tipitapa
must be constructed and completed
within a short period. In this they are
firm. and should the canal company
either refuse or neglect to carry out the
original plan, the concession will be an
nulled finally and forever 1t is gem
orally understood III Managua that il the
work is not begun very shortly, or if the
canal company does not take almost im-
mediate steps TO convince the Admins
tration that the Tipitapa Canal viii be
constructed, the next meeting OF Con-
gress OF Nicaragua Will ratlty the cancel
lation of the concession which Minister
Gomez would not hesitate to bring about.
CRUISER OLYMPIA.
The Government Board Much Pleased
with Her Showing.
WASHINGTON. July 16.-The cruiser
Olympia is all right. The report OF the
Government board on the recent trial of
the Olympia was to-day received by the
Secretary of the Navy, who was much
pleased with her showing.
The Olympia passed an excellent in
spection. She made 1876 knots, which ia
regarded as very good speed. though it is
not considered the maximum speed of
the vessel, which heretofore reached u,
the present being merely trial under
ordinary circumstances and not speed
test. The speed given was made while
inside Of a measured distance, in order
that the board might tell exactly how fast
the boat was going.
The board believes, however, that the
ship exceeded this speed, and based the
belief on the fact that tor three hours the
ship was out at sea and had no means of
measurement save the log. She was
making more revolutions during this
sea trip than VIXEN within measure dis
tauces.
The trial upon which the present re-
port is based was not an official trial, but
merely a sea tiial ordered by the depart
ment TO learn what the ship would do
under ordinary circumstances.
The Olympia is contract ship. and
had her official trial some time ago, earn
ing $500, 900 for the Union Iron Works,
by which she was built. The contract
called for a 20-knot ship and speed OF
2l.09 knots was attained.