The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1898-12-29
by the Suez canal,

worlds commerce. just rs will be done in
Nicaragua. In 1895 its business amount |
ed to S.44O.0oO tons. 1t had then been in
operation Twenty-Five years. The first
year. 1870. its business was only 10000 |
tons; in 1871, 100000 tons in 1872. 100 |
600 tons, and there has been a fairly |
steady increase ever since, up to the
amount In 1895. During all this time the
! volume of the worlds commerce has stead !
/ lily increased. Not only has trade more
and more adjusted itself to the Suez route, !
but also the aggregate amount of trade
/ has become much larger. Some allowance
should he made for the advantages pos
sessed by the Suez canal as now we'll
/ established route. Taking its business
eight years ago may be fair offset for
/ this item. The amount for lSSS exceeded
6.eO0,000 tons. The earlier Suez tolls were
S2.I1 per ton, which have been gradual
| y reduced the past twenty years, and
traffic is not prepared now to stand heavy
charges in any direction. A moderate
tariff will be in every way desirable. \
| favorable, but approximate, estimate OF
| the possible revenues in Nicaragua would
he as follows With tolls at 81 80 per ton !
at the outset, and a business of ut least
6,0OOOjD tons after the canal Is fairly in !
operation, gross income of 100000
would be obtained. Administration. main !
tenance and operation for 1890 cost the |
Suez canal about 81 100000 Taking into |
account all the dam and cmhankment
work at Nicaragua, as well as the heavy |
| rainfall. an allowance of 81, 100000 as an /
annual average for expenses may be fair, |
leaving net income of S6,DOO,OOO. An
undertaking Of this character is to be
gone into only as n long-term Investment, |
and the earnings for the first few years
after il is completed are not to be consid- |
cred as sufficient for final Judgment The |
greatest earnings will come later on.
The canal route as at present project |
ed, is to hc Ia miles long from Brito on
the Pacific to Greytown on the Atlantic.
The first half mile from Brto is at sea
level. Then in two miles the canal rises
10 feet. through three locks to the sum-
nit level, 1J1 miles long, then IN ~ miles .
| it desccnds, through three locks, to sea
level again. and then continues ut sea
level 9A miles to Grcytown. The esti- /
mated time required for an ordinary
steamer to cross from one ocean to the
other is twenty-eight hours. Electric
lighting is to make passage by night quite
feasible. The allowance for passing
through locks is forty-fve minutes for
,"o s" NJ 10 i''i'' vi INC
toy So, 't'''', ~ W
80 IN 50, , - ."i VuS"
ga, "i' 'i't' va '"Hn .He axe
nI'u '.ie ''IN'"i 9"Uu'u ~ '''"ue
~ ~. - ''', ,7'"- '"' "'''i'ili'"
Tr.I'r WIN ~ 'r''l '''oi'c "'ccSS"r!'
" 'n'i',nE .''n ~ "Ii''i vi 1T 'iIe same
'''i, ',,"I 't9'i9 "io p"nH'"H 50 can
'. ~ '"oc 'l'v Ai"c Vi tle
however n fro fif,, "a, Io,I
'ooNS' Low ~ ,rt ~ c'"se an tr"''t 10 De
SuSi'cHueo, ne IONS III tle present pans
1 ~, ~ W -" l"t use
my "l' 80 az ~ "y o'o i'c' io"E' ~ ieet
"'ue, anu % i'e. "''p'
history OF the lanai tcheme.
IN December loNi' senator Miller of .
Taili"'h'a ih'r"auceu plH IN congress
TO incorporate ne Marine Canal Com .
pahE OF -Nlcar9Eua' WIN the purpose OF
constructing me canal ten l, ;. Grant,
howard Potter T. H. Morgan II. D. Jew
gu ana u'her prominent capitalists We're /
concerned n the proposed enterprise. ne
p''l met WIN pI.''r oPPoN'.Inn IN Congress
anu WIS utterly uelea'ed u! the failure
OF the Marine sank OF New York, In /
when tHe hf"hls We're ruined hhanclally. (.
ne Nicaragua 1ahaI company was IN /
cnrl'"ral"u IN 1855 WIN FORMER senator /
"rh'r MIIer rs proSluent' ana lot /
'iihe maze So"d progress us success IN /
uuceu oppos!'Ioh' una III 1883 the MARI /
lHle 'ahai '"Hlpah! OF Nicaragua which 1
received the sahctloh OF president Cleve- I
lahu' was incorporated. hiram Hitch /
cock was the IrSt president, but he was F.
subsequently succeeded by Thomas H.
Atkins' Inc work OF digging the canal