The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-17
EVENTS in NICARAGUA
NEWS OF INTEREST TO PEOPLE EN-
Gagged IN COFFEE GROWING.
Concession for Automobile Road from
MatagaIpa to MomOtombO-
ZeIayas and Iglesias.


Correspondence of the Associated Press.
MANAGUA, Nicaragua, Feb. 24-lsaac
Manning, United States consular agent at
M~atagalpa, Nicaragua. William II. De La
vigney and William Delaney, United states
citizens residing in Matagalpa, owners OF
large coffee estates and holders of the con-
cession from the government of Nicaragua
TO the "Compania de Transportes de Mata-
galpa." are here endeavoring, apparently
with good chance of success, to set the gov
eminent of Nicaragua to grant them S2O,UOO
i'm installments, as follows: Ten thousand
dollars when they nave twenty-five miles OF
the entire eighty miles of dirt road between
Matagalpa and the National Railroad. at
Momotombo, in good condition TO operate a
train of freight cars loaded with coffee by
an m machine; $1,000 when they
get the first automobile machine at work on
the road and the remainder when they get
the first train of cars TO Matagalpa from
the railroad at Momotombo. They declare
| that nearly one-quarter OF the coffee crop
of last year in the Matagalpa and Jinotega
coffee districts was lost because of lack of
sufficient transportation facilities. They
propose TO solve the difficulty by getting the
government of Nicaragua to assist them to
improve lnS COuuibiOh "a chO 49,
tween the National Railroad at Momotombo
and Matagalpa, so that automobiles can be
used 10 draw trains of cars loaded with
coffee, cocoa, etc. over the road without
endangering the automobiles.
President Zelaya has called for a new
loan of 100000 pesos in Nicaragua's paper
currency, now at three of currency for one
of gold. TO be taken by voluntary subscrip-
| ton" so the call declares, 100000 pesos at
| RIueields and Cubo Gracias a Dios and
| zoo 600 neso~ in western Nicaragua. The
| bonds for the money are 10 be In sums Oh
from 5 pesos 10 500 pesos each and are re-
| deemable at the custom houses. Forty per
cent of the duty on imports nave 10 De palo
in these bonds-60O,0 600 pesos in duty at Blue
| fields and Cubo Gracias a Dios-and 4VO,uoO
nesos IN the custom houses for imports INTO
Western Nicaragua or the importer must
nov l6 per cent. more than the duties on his
irnorte il he pays in the money OF the
country instead of bonds. The bonds bear
No interest. but will be delivered by the
no,e-nroent TO the purchasers at par and
Sold by them later TO importers, as required
hv the Importers, at a premium Oh 10 10 ID
NV cent The money derived from the sale
~ .hese bonds is 10 be applied. so President
zelava declares. to the construction OF good
waeon roads and railroads In Nicaragua.
President Iglesias. of Costa Rica, has sent
p-aesdanf Zelava. OF Nicaragua. a long
Telegram thanking him IN most expressive
words for having notified him ug.csias) or
~ escane of FREDERICK Morer and his
n ais5stants from the vigilance of Ze-
1ava.s frontier guards and the invasion of
Costa Rica in an effort to ov Se,,n a ,hs
pies e. the capture by Zelaya's frontier
as ssd 81 Morer and his force on their re-
turn 70 Nicaragua. In his telegram Iglesias
promises, Internationally =, ner rsd,pa any conn IN
s n arainst the government OF Mica
rasna to go from Costa Rica- He declares
| his earnest desire for mofe corc'a' se'sr