The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-06-03
Minister Corea Tells of
Commercial and In
duStrial Activity.
DAWN OF GOLDEN ERA
Central American Republic
Has Before 1t Every Pros
pect of Prosperity.

Nicaragua is not crying over spilled
milk We couldn't get the canal. but
we will have the next best thing. an
isthmian railway"
This is the attitude of Nicaragua to-
ward Panama as expressed by Senior
Dor Luis f. COrea. the Nicaraguan min
lister. who has just returned to Wash
iRgtOn after a two months visit TO his
home
Prosperity at Hand.
Minister Corea brings news Of un-
wonted industrial and commercial ac-
tvity In Nicaragua. which he says is
manifesting itself particularly in the
building Of railways. Far from being
downcast through failure to secure the
canal, the attitude Of the Nicaraguan
people. Minister Corea announces. Is
rather one Of relief
For" says he, the canal was aIwaye
to US a sort Of a wilI-o' -the-wisp. which
held out an alluring prospect that could
never be realized. and worked harm
since 1t distracted enterprise from other
fields
But now a new condition arises. we
come face 10 face with the reality To
the question what is 70 be done for the
Industrial DEVELOPMENT OF the country
without ho-ie Of the canal. the govern.
ment has responded manfulIy. build
railways.
Will Not Miss Canal.
That is what we are doing. And IT
did not sound too much like the sour
grapes proposition / might say that per
maps after all Nicaragua may not suf-
Ter from the loss OF the canal. and that
" hen her wonderfully rich aelds are ia.
terlaced with railways bearing products
swiftly from port 10 port on either sea.
board. then indeed perhaps Panama
rels
Referring to the railroad which Is to
iacllltate trade across the ssthmus Min
lster Corea said that the final SURVEYS
Tor the route are now nearir cou,DIctei
Last week. he said. there sailed
from New York a party OF ans.nctrs
FURNISHED BY Amsinck < Co, who are
70 oesln the initial work I'm laying the
tracks commencing al San MIsLcIIto. ON
the southeast shore OF Lake Nicarag qua.
By Steamer Across Lake.
Il do not mean 10 Intimate that this
railway runs all the way across the
isthmus. There IS. Of course. the break
at Lake Nicaragua. whore steamers
must be taken FOR hfty-six miles acro,s
10 Granada. From Granada there IS
already a railroad built along the shores
OF Lake Managua and operating ro Cor
into. our prize port, which. indeed. we
claim to be the best on the entire Pa
cific Coast
The eastern terminal OF the line is
to be Monkey Point, an excellent Allan
tlc port. shut IN by the hills and AFFORD
ing fine facilities for development. Mon
KEY Point. by the way is not euphoni-
Gus name 10 US. and it will be given
heroes. The place was named BY tie
English, just as Biuehelds was.
Built Within Two Years.
Il can state almost positively that the
surveys for this new road. which is 10
be known as the Atlantic Railway. VII
be entirely completed by July we eA-
Pect 10 have the road Itself finished and
IN operation across the isthmus wl.nin
a year and a half The best equipment
and rolling stock will De provided ana
there Will be no delay at ,ne junction
point at Lake Nicaragua, where swift.
steamers Will make the Tap .tcross.
in response 10 the question as to
wnere the money Tor these railroads
was TO come from, the minister said:
nat has an been B4OA .t.t4 iUI by
tEs government, which has apprOprI-
finances arc TO De raised by bond is
ste One million dollars OF these bonds
have already been placed on the mar
Net and sold The government guaran-
teCo p per cent OF the customs duties
1T the Atlantic ports.
There Is still another railroad being
surveyed. This is from JinOtega. in
the western part OF the republic. to
Cape Grdti3s. at the northeast corner
A railroad already runs from a point
near JinOtega TO La Paz and when this
line is completed IL viii be another
isthmian route crossing Nicaragua at
right angles.
Golden Era at Hand.
s.yrftb tbega raflvoe7s ,,r1o,,h+.al,. ,
new era Of prosperity will open for
Nicaragua. The coffee and banana in
terests Will be benefited enormously
Sending our coffee was too costly Our