New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-15
- SEEKING A CANAL CHARTER
THE cRA1G1N, SYNDICATE AT THE MICA
s, RAGUAN CAPITAL.
DIFFICULTIES IN THE wAY-or1IER CONCERNS
THAT HOLD PRIOR RIGHTS FROM
THE GOVERNMENT


Managua Nicaragua Sept. M-Edwin F. Craf1n
OF Chicago: Edwin Eyer of the firm OF W. r Grace
4 Co.. New-York City, and Frank S Washourn'
o: New-York City, have arrived at this capital
The object OF their mission Is 20 obtain from frcs-
dent Zelaya authority 10 attempt 70 organize
company and obtain the necessary capital esu-
mated al sloOcNo0o In gold. 20 construct canal
across Nicarasus President 2elaya has placed
then, IN conference with the Acting MnisteT OF
Public Works in order to ascertain what they pro
pose 20 accomplish and what guarantees thes NH
offer IN regard 10 the proposed construction OF IN
interoccan canal across tho peninsula OF Nicaragua
There are however several obstacles in the way al
nrosant that appenr .nsuperab.e 20 the organza'
tion % . new company with concessions 'h"'
would attract and satisfy capitalists
One Of these is the fac, that the Maritime Canal
Company Of Nicaragua" is still alive. ana tha' NS
charter e ,irireacN BILE and is 20 remain IN force
irtl October. Is.s according 10 ;he company ou'
Nh ii exaired in October 1895. as claimed oE the
Government of Nicaragua. However me company
has a strong claim TO many years furtner enist-
ence of the he or It's charter IN the iac' ina l.
OWING to the numerous revolutions ana o'HeI uiS
turhaoces I'm the country since Ire granting or 'he
charter in 1851 the people nave been seriously IN
eetted by The infection of heavy fines forced lo9hs
Imprisonment and impressment into me arm! pS
ore political party or another mis- oemR esPe',
" so in the OF the laborns class ana cd"si'-
thousands Of the natives 10 nee 10 other states tor
refuge So that 10 extensive work like the cu''hs
o,, ~ = canal channel was possible in the circnm
stances Under the contract held ny the company
the Government OF Nicaragua is required 10 keep III
the canal works a police force suinoleh'H F""'7
70 protect the contractors. engineers ana aooIeiS
AND guard the machinery edihes and supplies ms
,oYoe was maintained NJ the storchouses and work
shops at san Juan Gel Norto (Greyto"n' wren "otN
on the canal begun but subsequently, o"l"S
10 fears Of revolutionary troubles IN western NVa-
raeua the Government called off me ponce al 'ne
canal for duty elsewhere. ah' 'h'h >''0i"N ~
lection ended
Even # the existing concession 20 the Maritime
Canal COMPANY Of Nicaragua. chartered by the
Government OF the United States. were aorogated
t s ,be Caribbean and Pacific Transit Company
TSmi' ed1 Of Liverpool, England reoy L"acn. har-
rsSn = navra Ion On ne o San Juan
Nore for thirty years win 9,ner - contro
MOI only in,erocesnic Transportation across Mica
ras out claims the pryege IN 'i . cnar sso
boat transportauon sutlcien, also 20 conWo. nc
priviieee the English company is not likely 10 sell
out 10 n concern, even " NC latter suCceeuS al
IA wing the existing charter 81 the Ma'iime '"na'
II Is not probaoie either that the Goyernment Of
Nicaragua WIN grant 4 canal-constructing charter
or concession 10 any new company unit! the Gov
eminent is secured by large sum on deposit AS
9se ana S qu ace drcenjase Of the CAPT
TAI STOCK and The insertion - clauses IN me con
tract placing tho entire control Of The company IN
der The q Nca-asuo and binding he comr AN,
in ne event Of ANY dispute between tho company
and The Goyernmeo, Of NiSarasHa soon,.third an
niy..r sarv Of fhe INDEPENDENCE o. Nicaragua and
ali the other Central American States. and their De.
is m be celebrated here oy sham battle on Hill
south Of this city followed ~ I NV y ny Pfes'
II is reported that President zeaya will issue
decree on September : srant,ng smnssty 10 NOV nov
homes during the last few wears owing to noli'icsl
frequent bloody revolutions IN